FSLZX vs. VSEQX
FSLZX (Fidelity Advisor Stock Selector Mid Cap Fund Class Z) and VSEQX (Vanguard Strategic Equity Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, FSLZX returned 8.85%/yr vs 12.49%/yr for VSEQX. Their 0.96 correlation means they have historically moved very closely together. FSLZX charges 0.67%/yr vs 0.17%/yr for VSEQX.
Performance
FSLZX vs. VSEQX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FSLZX having a 18.71% return and VSEQX slightly higher at 19.38%.
FSLZX
- 1D
- 1.24%
- 1M
- -2.12%
- 6M
- 13.61%
- YTD
- 18.71%
- 1Y
- 27.67%
- 3Y*
- 13.69%
- 5Y*
- 8.85%
- 10Y*
- —
- ALL TIME*
- 11.37%
VSEQX
- 1D
- 0.83%
- 1M
- -0.20%
- 6M
- 15.59%
- YTD
- 19.38%
- 1Y
- 33.97%
- 3Y*
- 18.83%
- 5Y*
- 12.49%
- 10Y*
- 12.94%
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSLZX vs. VSEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLZX Fidelity Advisor Stock Selector Mid Cap Fund Class Z | 18.71% | 10.58% | 9.00% | 17.32% | -13.77% | 23.38% | 13.20% | 29.79% | -7.45% | 14.13% |
VSEQX Vanguard Strategic Equity Fund | 19.38% | 15.32% | 16.67% | 19.31% | -11.90% | 30.83% | 10.26% | 26.76% | -11.86% | 10.18% |
Correlation
The correlation between FSLZX and VSEQX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.96 |
The correlation between FSLZX and VSEQX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
FSLZX vs. VSEQX — Risk / Return Rank
FSLZX
VSEQX
FSLZX vs. VSEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Mid Cap Fund Class Z (FSLZX) and Vanguard Strategic Equity Fund (VSEQX). 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.
| FSLZX | VSEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 4.10 | -1.31 |
| Martin ratioReturn relative to average drawdown | 10.28 | 15.69 | -5.42 |
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Drawdowns
FSLZX vs. VSEQX - Drawdown Comparison
The maximum FSLZX drawdown since its inception was -43.36%, smaller than the maximum VSEQX drawdown of -63.55%. Use the drawdown chart below to compare losses from any high point for FSLZX and VSEQX.
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Drawdown Indicators
| FSLZX | VSEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.36% | -63.55% | +20.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -7.60% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.28% | -24.73% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -24.73% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.08% | — |
Current DrawdownCurrent decline from peak | -3.60% | -1.04% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -9.02% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.98% | +0.40% |
Volatility
FSLZX vs. VSEQX - Volatility Comparison
Fidelity Advisor Stock Selector Mid Cap Fund Class Z (FSLZX) has a higher volatility of 4.10% compared to Vanguard Strategic Equity Fund (VSEQX) at 3.03%. This indicates that FSLZX's price experiences larger fluctuations and is considered to be riskier than VSEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLZX | VSEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.03% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 10.82% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 15.11% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 19.86% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 21.35% | +0.05% |
FSLZX vs. VSEQX - Expense Ratio Comparison
FSLZX has a 0.67% expense ratio, which is higher than VSEQX's 0.17% expense ratio.
Dividends
FSLZX vs. VSEQX - Dividend Comparison
FSLZX's dividend yield for the trailing twelve months is around 6.73%, less than VSEQX's 9.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLZX Fidelity Advisor Stock Selector Mid Cap Fund Class Z | 6.73% | 7.99% | 0.00% | 0.91% | 9.89% | 12.98% | 2.42% | 4.32% | 21.29% | 4.12% | 0.00% | 0.00% |
VSEQX Vanguard Strategic Equity Fund | 9.35% | 11.16% | 11.36% | 6.11% | 11.77% | 21.36% | 1.77% | 2.92% | 10.34% | 7.05% | 3.13% | 12.28% |
Frequently Asked Questions
With a correlation of 0.94, FSLZX and VSEQX 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.
FSLZX has higher volatility (4.10%) compared to VSEQX (3.03%). In terms of maximum drawdown, FSLZX dropped -43.36% vs VSEQX's -63.55%.
VSEQX currently has the higher Sharpe Ratio (2.06 vs 1.45), 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.
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