Correlation
The correlation between FNITX and FAGOX is 0.88, 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.
FNITX vs. FAGOX
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Advisor Growth Opportunities Fund Class M (FAGOX).
FNITX is managed by Fidelity. It was launched on Jul 31, 2003. FAGOX is managed by Fidelity. It was launched on Nov 18, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNITX or FAGOX.
Performance
FNITX vs. FAGOX - Performance Comparison
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Key characteristics
FNITX:
0.80
FAGOX:
0.60
FNITX:
1.11
FAGOX:
0.88
FNITX:
1.16
FAGOX:
1.12
FNITX:
0.78
FAGOX:
0.54
FNITX:
2.62
FAGOX:
1.67
FNITX:
5.95%
FAGOX:
8.66%
FNITX:
22.08%
FAGOX:
28.26%
FNITX:
-49.83%
FAGOX:
-65.31%
FNITX:
-3.14%
FAGOX:
-7.46%
Returns By Period
In the year-to-date period, FNITX achieves a 3.56% return, which is significantly higher than FAGOX's -0.35% return. Over the past 10 years, FNITX has underperformed FAGOX with an annualized return of 13.12%, while FAGOX has yielded a comparatively higher 17.14% annualized return.
FNITX
3.56%
7.20%
3.31%
17.14%
19.96%
16.49%
13.12%
FAGOX
-0.35%
9.36%
-0.41%
17.49%
19.68%
15.55%
17.14%
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FNITX vs. FAGOX - Expense Ratio Comparison
FNITX has a 1.18% expense ratio, which is lower than FAGOX's 1.28% expense ratio.
Risk-Adjusted Performance
FNITX vs. FAGOX — Risk-Adjusted Performance Rank
FNITX
FAGOX
FNITX vs. FAGOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Advisor Growth Opportunities Fund Class M (FAGOX). 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
FNITX vs. FAGOX - Dividend Comparison
FNITX's dividend yield for the trailing twelve months is around 7.08%, while FAGOX has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | 7.08% | 6.33% | 6.43% | 18.00% | 13.40% | 8.54% | 6.62% | 14.33% | 7.86% | 4.99% | 4.45% | 7.73% |
FAGOX Fidelity Advisor Growth Opportunities Fund Class M | 0.00% | 0.00% | 0.00% | 0.00% | 10.01% | 5.29% | 4.15% | 12.10% | 7.48% | 15.51% | 11.14% | 0.00% |
Drawdowns
FNITX vs. FAGOX - Drawdown Comparison
The maximum FNITX drawdown since its inception was -49.83%, smaller than the maximum FAGOX drawdown of -65.31%. Use the drawdown chart below to compare losses from any high point for FNITX and FAGOX.
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Volatility
FNITX vs. FAGOX - Volatility Comparison
The current volatility for Fidelity Advisor New Insights Fund Class M (FNITX) is 4.82%, while Fidelity Advisor Growth Opportunities Fund Class M (FAGOX) has a volatility of 5.78%. This indicates that FNITX experiences smaller price fluctuations and is considered to be less risky than FAGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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