FLACX vs. FTQGX

Last updated Aug 1, 2026

FLACX (Fidelity Advisor Stock Selector All Cap Fund Class C) and FTQGX (Fidelity Focused Stock Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FLACX returned 13.97%/yr vs 17.90%/yr for FTQGX. Their correlation of 0.92 means they have usually moved in the same direction. FLACX charges 1.75%/yr vs 0.69%/yr for FTQGX.

Performance

FLACX vs. FTQGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector All Cap Fund Class C (FLACX) and Fidelity Focused Stock Fund (FTQGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLACX achieves a 13.80% return, which is significantly lower than FTQGX's 18.58% return. Over the past 10 years, FLACX has underperformed FTQGX with an annualized return of 13.97%, while FTQGX has yielded a comparatively higher 17.90% annualized return.

FLACX

• 1D: 1.86%
• 1M: -0.87%
• 6M: 10.93%
• YTD: 13.80%
• 1Y: 27.01%
• 3Y*: 19.95%
• 5Y*: 11.66%
• 10Y*: 13.97%
• ALL TIME*: 13.33%

FTQGX

• 1D: 2.20%
• 1M: -5.27%
• 6M: 14.61%
• YTD: 18.58%
• 1Y: 29.14%
• 3Y*: 24.19%
• 5Y*: 13.72%
• 10Y*: 17.90%
• ALL TIME*: 10.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLACX Fidelity Advisor Stock Selector All Cap Fund Class C	$0.00	$0.00	$0.00
FTQGX Fidelity Focused Stock Fund	$0.00	$0.00	$0.00

FLACX vs. FTQGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLACX Fidelity Advisor Stock Selector All Cap Fund Class C	13.80%	17.65%	23.13%	25.62%	-20.42%	21.82%	23.53%	30.77%	-9.60%	22.30%
FTQGX Fidelity Focused Stock Fund	18.58%	13.65%	36.95%	28.94%	-26.68%	26.91%	33.41%	31.44%	4.90%	30.66%

Correlation

The correlation between FLACX and FTQGX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.92

The correlation between FLACX and FTQGX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

FLACX vs. FTQGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLACX

FLACX Risk / Return Rank: 75
FLACX Sharpe Ratio Rank: 72
FLACX Sortino Ratio Rank: 68
FLACX Omega Ratio Rank: 68
FLACX Calmar Ratio Rank: 79
FLACX Martin Ratio Rank: 88

FTQGX

FTQGX Risk / Return Rank: 46
FTQGX Sharpe Ratio Rank: 39
FTQGX Sortino Ratio Rank: 38
FTQGX Omega Ratio Rank: 37
FTQGX Calmar Ratio Rank: 62
FTQGX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLACX vs. FTQGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class C (FLACX) and Fidelity Focused Stock Fund (FTQGX). 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.

	FLACX	FTQGX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.14	+0.59
Sortino ratio: Return per unit of downside risk	2.39	1.63	+0.75
Omega ratio: Gain probability vs. loss probability	1.31	1.21	+0.10
Calmar ratio: Return relative to maximum drawdown	2.66	2.03	+0.62
Martin ratio: Return relative to average drawdown	11.96	6.94	+5.02

FLACX vs. FTQGX - Sharpe Ratio Comparison

The current FLACX Sharpe Ratio is 1.73, which is higher than the FTQGX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FLACX and FTQGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLACX vs. FTQGX - Drawdown Comparison

The maximum FLACX drawdown since its inception was -34.42%, smaller than the maximum FTQGX drawdown of -61.29%. Use the drawdown chart below to compare losses from any high point for FLACX and FTQGX.

Drawdown Indicators

	FLACX	FTQGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.42%	-61.29%	+26.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	-12.76%	+3.47%
Max Drawdown (3Y) Largest decline over 3 years	-20.41%	-26.84%	+6.43%
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	-32.31%	+6.32%
Max Drawdown (10Y) Largest decline over 10 years	-34.42%	-32.31%	-2.11%
Current Drawdown Current decline from peak	-2.34%	-10.41%	+8.07%
Average Drawdown Average peak-to-trough decline	-4.64%	-14.14%	+9.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.73%	-1.67%

Volatility

FLACX vs. FTQGX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class C (FLACX) is 3.73%, while Fidelity Focused Stock Fund (FTQGX) has a volatility of 6.79%. This indicates that FLACX experiences smaller price fluctuations and is considered to be less risky than FTQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLACX	FTQGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	6.79%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	18.80%	-7.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	22.84%	-8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	22.25%	-4.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.60%	21.83%	-3.23%

FLACX vs. FTQGX - Expense Ratio Comparison

FLACX has a 1.75% expense ratio, which is higher than FTQGX's 0.69% expense ratio.

Dividends

FLACX vs. FTQGX - Dividend Comparison

FLACX's dividend yield for the trailing twelve months is around 3.83%, less than FTQGX's 10.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLACX Fidelity Advisor Stock Selector All Cap Fund Class C	3.83%	4.36%	7.56%	1.35%	0.08%	0.16%	4.20%	4.87%	3.49%	1.36%	0.00%	4.37%
FTQGX Fidelity Focused Stock Fund	10.49%	12.44%	9.94%	0.61%	7.96%	13.53%	11.41%	5.07%	14.71%	5.89%	1.08%	5.91%

Frequently Asked Questions

Can I hold both FLACX and FTQGX in my portfolio?

With a correlation of 0.91, FLACX and FTQGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLACX or FTQGX?

FTQGX has higher volatility (6.79%) compared to FLACX (3.73%). In terms of maximum drawdown, FLACX dropped -34.42% vs FTQGX's -61.29%.

Which has better risk-adjusted returns?

FLACX currently has the higher Sharpe Ratio (1.73 vs 1.14), 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.