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.
Key characteristics
| FIDLX | ^GSPC | |
|---|---|---|
| YTD Return | 29.44% | 25.48% |
| 1Y Return | 38.40% | 33.14% |
| 3Y Return (Ann) | 13.43% | 8.55% |
| 5Y Return (Ann) | 15.89% | 13.96% |
| Sharpe Ratio | 3.12 | 2.91 |
| Sortino Ratio | 4.27 | 3.88 |
| Omega Ratio | 1.62 | 1.55 |
| Calmar Ratio | 5.06 | 4.20 |
| Martin Ratio | 22.09 | 18.80 |
| Ulcer Index | 1.86% | 1.90% |
| Daily Std Dev | 13.15% | 12.27% |
| Max Drawdown | -37.51% | -56.78% |
| Current Drawdown | -0.84% | -0.27% |
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
In the year-to-date period, FIDLX achieves a 29.44% return, which is significantly higher than ^GSPC's 25.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -37.51%, 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) and S&P 500 (^GSPC) have volatilities of 3.75% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.