Correlation
The correlation between FNIAX and FZANX is 0.94, 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.
FNIAX vs. FZANX
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class A (FNIAX) and Fidelity Advisor New Insights Fund Class Z (FZANX).
FNIAX is managed by Fidelity. It was launched on Jul 31, 2003. FZANX is managed by Fidelity. It was launched on Aug 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNIAX or FZANX.
Performance
FNIAX vs. FZANX - Performance Comparison
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Key characteristics
FNIAX:
0.81
FZANX:
0.83
FNIAX:
1.13
FZANX:
1.15
FNIAX:
1.16
FZANX:
1.16
FNIAX:
0.79
FZANX:
0.81
FNIAX:
2.68
FZANX:
2.76
FNIAX:
5.93%
FZANX:
5.91%
FNIAX:
22.08%
FZANX:
22.07%
FNIAX:
-49.35%
FZANX:
-31.93%
FNIAX:
-3.06%
FZANX:
-2.97%
Returns By Period
The year-to-date returns for both investments are quite close, with FNIAX having a 3.68% return and FZANX slightly higher at 3.84%. Both investments have delivered pretty close results over the past 10 years, with FNIAX having a 13.40% annualized return and FZANX not far ahead at 13.82%.
FNIAX
3.68%
8.62%
3.45%
17.78%
20.27%
16.76%
13.40%
FZANX
3.84%
8.64%
3.63%
18.19%
20.71%
17.19%
13.82%
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FNIAX vs. FZANX - Expense Ratio Comparison
FNIAX has a 0.93% expense ratio, which is higher than FZANX's 0.56% expense ratio.
Risk-Adjusted Performance
FNIAX vs. FZANX — Risk-Adjusted Performance Rank
FNIAX
FZANX
FNIAX vs. FZANX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class A (FNIAX) and Fidelity Advisor New Insights Fund Class Z (FZANX). 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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Dividends
FNIAX vs. FZANX - Dividend Comparison
FNIAX's dividend yield for the trailing twelve months is around 6.53%, more than FZANX's 6.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNIAX Fidelity Advisor New Insights Fund Class A | 6.53% | 5.85% | 6.18% | 17.12% | 12.63% | 8.14% | 6.48% | 13.78% | 7.61% | 4.99% | 4.40% | 7.60% |
FZANX Fidelity Advisor New Insights Fund Class Z | 6.16% | 5.53% | 6.22% | 16.81% | 12.15% | 7.88% | 6.68% | 13.88% | 7.86% | 5.31% | 4.72% | 7.89% |
Drawdowns
FNIAX vs. FZANX - Drawdown Comparison
The maximum FNIAX drawdown since its inception was -49.35%, which is greater than FZANX's maximum drawdown of -31.93%. Use the drawdown chart below to compare losses from any high point for FNIAX and FZANX.
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Volatility
FNIAX vs. FZANX - Volatility Comparison
Fidelity Advisor New Insights Fund Class A (FNIAX) and Fidelity Advisor New Insights Fund Class Z (FZANX) have volatilities of 4.83% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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