Correlation
The correlation between FIDZX and ^GSPC is 0.80, 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.
FIDZX vs. ^GSPC
Compare and contrast key facts about Fidelity Advisor International Capital Appreciation Fund Class Z (FIDZX) and S&P 500 (^GSPC).
FIDZX 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: FIDZX or ^GSPC.
Performance
FIDZX vs. ^GSPC - Performance Comparison
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Key characteristics
FIDZX:
0.82
^GSPC:
0.62
FIDZX:
1.10
^GSPC:
0.94
FIDZX:
1.15
^GSPC:
1.14
FIDZX:
0.85
^GSPC:
0.61
FIDZX:
3.29
^GSPC:
2.29
FIDZX:
4.20%
^GSPC:
5.01%
FIDZX:
19.97%
^GSPC:
19.79%
FIDZX:
-37.17%
^GSPC:
-56.78%
FIDZX:
-0.95%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, FIDZX achieves a 14.20% return, which is significantly higher than ^GSPC's 0.52% return.
FIDZX
14.20%
7.22%
11.70%
16.25%
14.02%
11.16%
N/A
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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Risk-Adjusted Performance
FIDZX vs. ^GSPC — Risk-Adjusted Performance Rank
FIDZX
^GSPC
FIDZX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class Z (FIDZX) 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.
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Drawdowns
FIDZX vs. ^GSPC - Drawdown Comparison
The maximum FIDZX drawdown since its inception was -37.17%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIDZX and ^GSPC.
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Volatility
FIDZX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Advisor International Capital Appreciation Fund Class Z (FIDZX) is 3.30%, while S&P 500 (^GSPC) has a volatility of 4.76%. This indicates that FIDZX 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.
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