FIDLX vs. ^GSPC

Last updated Jul 15, 2026

FIDLX (Fidelity Advisor Large Cap Fund Class Z) is Large Cap Value Equities fund managed by Fidelity, while ^GSPC (S&P 500 Index) is an index. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

FIDLX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Fund Class Z (FIDLX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIDLX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.38%
• 1M: 1.51%
• 6M: 8.33%
• YTD: 10.20%
• 1Y: 20.34%
• 3Y*: 18.74%
• 5Y*: 11.59%
• 10Y*: 13.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIDLX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDLX Fidelity Advisor Large Cap Fund Class Z	0.02%	19.77%	26.52%	23.65%	-7.81%	25.99%	8.97%	31.90%	-8.31%	13.58%
^GSPC S&P 500 Index	10.20%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	16.51%

Correlation

The correlation between FIDLX and ^GSPC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.88

Over the past year, the correlation between FIDLX and ^GSPC has dropped to 0.47 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

FIDLX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIDLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

^GSPC

^GSPC Risk / Return Rank: 78
^GSPC Sharpe Ratio Rank: 77
^GSPC Sortino Ratio Rank: 76
^GSPC Omega Ratio Rank: 80
^GSPC Calmar Ratio Rank: 70
^GSPC Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIDLX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class Z (FIDLX) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FIDLX	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.63	—
Sortino ratio: Return per unit of downside risk	—	2.25	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.25	—
Martin ratio: Return relative to average drawdown	—	9.74	—

Drawdowns

Drawdown Indicators

	FIDLX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.78%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	—	-0.87%	—
Average Drawdown Average peak-to-trough decline	—	-10.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	FIDLX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.01%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.05%	—

Frequently Asked Questions

Can I hold both FIDLX and ^GSPC in my portfolio?

FIDLX and ^GSPC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.