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:
2.20
^GSPC:
2.10
FIDLX:
3.05
^GSPC:
2.80
FIDLX:
1.43
^GSPC:
1.39
FIDLX:
3.58
^GSPC:
3.09
FIDLX:
14.95
^GSPC:
13.49
FIDLX:
1.94%
^GSPC:
1.94%
FIDLX:
13.23%
^GSPC:
12.52%
FIDLX:
-37.51%
^GSPC:
-56.78%
FIDLX:
-3.38%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FIDLX achieves a 27.23% return, which is significantly higher than ^GSPC's 24.34% return.
FIDLX
27.23%
-1.26%
9.08%
23.30%
14.90%
N/A
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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
The current volatility for Fidelity Advisor Large Cap Fund Class Z (FIDLX) is 3.55%, while S&P 500 (^GSPC) has a volatility of 3.79%. This indicates that FIDLX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.