FIIAX vs. GTSGX
FIIAX (Fidelity Advisor Mid Cap II Fund Class A) and GTSGX (Madison Mid Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FIIAX returned 12.88%/yr vs 10.93%/yr for GTSGX. Their correlation of 0.87 suggests significant overlap in exposure. FIIAX charges 1.00%/yr vs 0.95%/yr for GTSGX.
Performance
FIIAX vs. GTSGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIIAX achieves a 25.85% return, which is significantly higher than GTSGX's -0.62% return. Over the past 10 years, FIIAX has outperformed GTSGX with an annualized return of 12.88%, while GTSGX has yielded a comparatively lower 10.93% annualized return.
FIIAX
- 1D
- 0.72%
- 1M
- 6.77%
- YTD
- 25.85%
- 6M
- 23.26%
- 1Y
- 41.84%
- 3Y*
- 20.33%
- 5Y*
- 10.93%
- 10Y*
- 12.88%
GTSGX
- 1D
- -0.25%
- 1M
- 2.37%
- YTD
- -0.62%
- 6M
- -1.78%
- 1Y
- 2.05%
- 3Y*
- 9.10%
- 5Y*
- 6.86%
- 10Y*
- 10.93%
FIIAX vs. GTSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 25.85% | 7.21% | 16.96% | 14.68% | -15.04% | 24.94% | 18.34% | 23.32% | -15.21% | 20.32% |
GTSGX Madison Mid Cap Fund | -0.62% | 1.62% | 10.24% | 26.51% | -13.60% | 26.31% | 9.45% | 33.53% | -1.60% | 15.65% |
Correlation
The correlation between FIIAX and GTSGX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2004 | 0.87 |
The correlation between FIIAX and GTSGX shifts across timeframes, from 0.74 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIIAX vs. GTSGX — Risk / Return Rank
FIIAX
GTSGX
FIIAX vs. GTSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class A (FIIAX) and Madison Mid Cap Fund (GTSGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIIAX | GTSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.05 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 0.27 | +4.16 |
| Martin ratioReturn relative to average drawdown | 17.72 | 0.65 | +17.07 |
Loading charts...
Drawdowns
FIIAX vs. GTSGX - Drawdown Comparison
The maximum FIIAX drawdown since its inception was -53.35%, smaller than the maximum GTSGX drawdown of -73.82%. Use the drawdown chart below to compare losses from any high point for FIIAX and GTSGX.
Loading charts...
Drawdown Indicators
| FIIAX | GTSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -73.82% | +20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -11.99% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -28.25% | -19.63% | -8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -28.25% | -21.94% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -38.25% | -4.08% |
Current DrawdownCurrent decline from peak | 0.00% | -6.49% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -29.65% | +21.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 5.06% | -2.61% |
Volatility
FIIAX vs. GTSGX - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class A (FIIAX) has a higher volatility of 5.62% compared to Madison Mid Cap Fund (GTSGX) at 4.06%. This indicates that FIIAX's price experiences larger fluctuations and is considered to be riskier than GTSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIIAX | GTSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 4.06% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 10.41% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 14.84% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 17.46% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 18.10% | +2.98% |
FIIAX vs. GTSGX - Expense Ratio Comparison
FIIAX has a 1.00% expense ratio, which is higher than GTSGX's 0.95% expense ratio.
Dividends
FIIAX vs. GTSGX - Dividend Comparison
FIIAX's dividend yield for the trailing twelve months is around 5.61%, more than GTSGX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 5.61% | 6.21% | 6.89% | 2.59% | 5.68% | 18.94% | 1.12% | 3.21% | 10.53% | 7.60% | 8.69% | 4.74% |
GTSGX Madison Mid Cap Fund | 3.39% | 3.37% | 5.76% | 1.25% | 1.96% | 4.38% | 3.43% | 3.74% | 7.57% | 3.58% | 4.34% | 6.09% |
Frequently Asked Questions
FIIAX and GTSGX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIIAX has higher volatility (5.62%) compared to GTSGX (4.06%). In terms of maximum drawdown, FIIAX dropped -53.35% vs GTSGX's -73.82%.
FIIAX currently has the higher Sharpe Ratio (2.46 vs 0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FIIAX and GTSGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer