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FIDLX vs. ACIIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FIDLX vs. ACIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class Z (FIDLX) and American Century Equity Income Fund Class I (ACIIX).

FIDLX is managed by Fidelity. It was launched on Feb 1, 2017. ACIIX is managed by American Century. It was launched on Jul 8, 1998.

Performance

FIDLX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Fund Class Z (FIDLX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

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FIDLX vs. ACIIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIDLX
Fidelity Advisor Large Cap Fund Class Z		0.00%19.77%26.52%23.65%-7.81%25.99%8.97%31.90%-8.31%13.58%
ACIIX
American Century Equity Income Fund Class I		2.73%12.05%10.58%4.25%-2.96%17.16%1.19%24.50%-3.53%11.79%

Returns By Period

FIDLX

1D
0.00%
1M
0.00%
YTD
0.00%
6M
-1.11%
1Y
22.64%
3Y*
20.71%
5Y*
14.15%
10Y*
—

ACIIX

1D
0.00%
1M
-5.73%
YTD
2.73%
6M
4.62%
1Y
9.92%
3Y*
9.70%
5Y*
7.47%
10Y*
8.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Advisor Large Cap Fund Class Z

American Century Equity Income Fund Class I

Often compared with FIDLX:
FIDLX vs. VOOFIDLX vs. FGKFXFIDLX vs. VOOGFIDLX vs. JEPQFIDLX vs. VTIFIDLX vs. ^GSPCFIDLX vs. FXAIX
Often compared with ACIIX:
ACIIX vs. SCHDACIIX vs. VEIPXACIIX vs. BRK-BACIIX vs. PRWCXACIIX vs. VWELXACIIX vs. COWZACIIX vs. JEPI

FIDLX vs. ACIIX - Expense Ratio Comparison

FIDLX has a 0.42% expense ratio, which is lower than ACIIX's 0.72% expense ratio.

ACIIX
American Century Equity Income Fund Class I
FIDLX
Fidelity Advisor Large Cap Fund Class Z

Return for Risk

FIDLX vs. ACIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIDLX
FIDLX Risk / Return Rank: 7070
Overall Rank
FIDLX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FIDLX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FIDLX Omega Ratio Rank: 9393
Omega Ratio Rank
FIDLX Calmar Ratio Rank: 4747
Calmar Ratio Rank
FIDLX Martin Ratio Rank: 4848
Martin Ratio Rank
ACIIX
ACIIX Risk / Return Rank: 4545
Overall Rank
ACIIX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ACIIX Sortino Ratio Rank: 4747
Sortino Ratio Rank
ACIIX Omega Ratio Rank: 4444
Omega Ratio Rank
ACIIX Calmar Ratio Rank: 4444
Calmar Ratio Rank
ACIIX Martin Ratio Rank: 4343
Martin Ratio Rank
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. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class Z (FIDLX) and American Century Equity Income Fund Class I (ACIIX). 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.

FIDLXACIIXDifference

Sharpe ratio

Return per unit of total volatility

1.48

0.93

+0.55

Sortino ratio

Return per unit of downside risk

2.10

1.35

+0.76

Omega ratio

Gain probability vs. loss probability

1.46

1.19

+0.27

Calmar ratio

Return relative to maximum drawdown

1.16

1.11

+0.05

Martin ratio

Return relative to average drawdown

4.73

4.37

+0.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIDLX vs. ACIIX - Sharpe Ratio Comparison

The current FIDLX Sharpe Ratio is 1.48, which is higher than the ACIIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FIDLX and ACIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FIDLXACIIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

0.93

+0.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.70

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.67

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.53

+0.20

Correlation

The correlation between FIDLX and ACIIX is 0.79, 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.

Dividends

FIDLX vs. ACIIX - Dividend Comparison

FIDLX's dividend yield for the trailing twelve months is around 5.87%, less than ACIIX's 10.28% yield.

TTM20252024202320222021202020192018201720162015
FIDLX
Fidelity Advisor Large Cap Fund Class Z		5.87%5.87%6.23%3.56%2.42%6.64%5.53%8.55%17.01%6.13%0.00%0.00%
ACIIX
American Century Equity Income Fund Class I		10.28%10.55%11.71%8.21%8.96%7.02%2.18%7.57%9.05%12.14%8.08%10.72%

Drawdowns

FIDLX vs. ACIIX - Drawdown Comparison

The maximum FIDLX drawdown since its inception was -37.51%, roughly equal to the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FIDLX and ACIIX.

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Drawdown Indicators

FIDLXACIIXDifference

Max Drawdown

Largest peak-to-trough decline

-37.51%

-39.16%

+1.65%

Max Drawdown (1Y)

Largest decline over 1 year

-12.28%

-8.96%

-3.32%

Max Drawdown (5Y)

Largest decline over 5 years

-21.42%

-13.49%

-7.93%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.76%

—

Current Drawdown

Current decline from peak

-4.17%

-5.73%

+1.56%

Average Drawdown

Average peak-to-trough decline

-4.55%

-5.26%

+0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.90%

2.30%

+1.60%

Volatility

FIDLX vs. ACIIX - Volatility Comparison

The current volatility for Fidelity Advisor Large Cap Fund Class Z (FIDLX) is 0.00%, while American Century Equity Income Fund Class I (ACIIX) has a volatility of 2.76%. This indicates that FIDLX experiences smaller price fluctuations and is considered to be less risky than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIDLXACIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

2.76%

-2.76%

Volatility (6M)

Calculated over the trailing 6-month period

5.87%

6.05%

-0.18%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

11.61%

+5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.54%

10.74%

+5.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.07%

13.37%

+5.70%