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:
1.41
^GSPC:
1.62
FIDLX:
1.86
^GSPC:
2.20
FIDLX:
1.27
^GSPC:
1.30
FIDLX:
2.21
^GSPC:
2.46
FIDLX:
6.93
^GSPC:
10.01
FIDLX:
2.79%
^GSPC:
2.08%
FIDLX:
13.69%
^GSPC:
12.88%
FIDLX:
-40.12%
^GSPC:
-56.78%
FIDLX:
-5.76%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FIDLX achieves a 3.26% return, which is significantly higher than ^GSPC's 2.24% return.
FIDLX
3.26%
-2.02%
3.24%
17.09%
11.54%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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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 4.12% compared to S&P 500 (^GSPC) at 3.43%. 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.