FIDLX vs. ^GSPC
Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class Z (FIDLX) and S&P 500 (^GSPC).
FIDLX is managed by Fidelity. It was launched on Feb 1, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIDLX or ^GSPC.
Correlation
The correlation between FIDLX and ^GSPC is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIDLX vs. ^GSPC - Performance Comparison
Key characteristics
FIDLX:
2.01
^GSPC:
2.06
FIDLX:
2.58
^GSPC:
2.74
FIDLX:
1.39
^GSPC:
1.38
FIDLX:
3.09
^GSPC:
3.13
FIDLX:
10.83
^GSPC:
12.83
FIDLX:
2.49%
^GSPC:
2.07%
FIDLX:
13.39%
^GSPC:
12.85%
FIDLX:
-40.12%
^GSPC:
-56.78%
FIDLX:
-4.21%
^GSPC:
-0.67%
Returns By Period
In the year-to-date period, FIDLX achieves a 4.96% return, which is significantly higher than ^GSPC's 2.85% return.
FIDLX
4.96%
-0.86%
6.00%
25.31%
11.74%
N/A
^GSPC
2.85%
2.00%
8.88%
24.72%
12.77%
11.45%
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Risk-Adjusted Performance
FIDLX vs. ^GSPC — Risk-Adjusted Performance Rank
FIDLX
^GSPC
FIDLX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class Z (FIDLX) and S&P 500 (^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.
Drawdowns
FIDLX vs. ^GSPC - Drawdown Comparison
The maximum FIDLX drawdown since its inception was -40.12%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIDLX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FIDLX vs. ^GSPC - Volatility Comparison
Fidelity Advisor Large Cap Fund Class Z (FIDLX) has a higher volatility of 7.09% compared to S&P 500 (^GSPC) at 5.14%. This indicates that FIDLX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.