FTRIX vs. FZALX
FTRIX (Fidelity Advisor Mega Cap Stock Fund Class I) and FZALX (Fidelity Advisor Mega Cap Stock Fund Class Z) are both Large Cap Blend Equities funds from Fidelity. Over the past 10 years, FTRIX returned 16.92%/yr vs 17.07%/yr for FZALX. With a 1.00 correlation, they move nearly in lockstep. FTRIX charges 0.65%/yr vs 0.51%/yr for FZALX.
Performance
FTRIX vs. FZALX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FTRIX having a 9.27% return and FZALX slightly higher at 9.32%. Both investments have delivered pretty close results over the past 10 years, with FTRIX having a 16.92% annualized return and FZALX not far ahead at 17.07%.
FTRIX
- 1D
- -0.75%
- 1M
- -0.12%
- YTD
- 9.27%
- 6M
- 8.75%
- 1Y
- 28.06%
- 3Y*
- 25.10%
- 5Y*
- 16.38%
- 10Y*
- 16.92%
FZALX
- 1D
- -0.76%
- 1M
- -0.12%
- YTD
- 9.32%
- 6M
- 8.79%
- 1Y
- 28.19%
- 3Y*
- 25.22%
- 5Y*
- 16.52%
- 10Y*
- 17.07%
FTRIX vs. FZALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRIX Fidelity Advisor Mega Cap Stock Fund Class I | 9.27% | 26.92% | 26.00% | 26.46% | -9.00% | 26.26% | 12.96% | 31.06% | -7.43% | 17.82% |
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 9.32% | 27.07% | 26.13% | 26.63% | -8.89% | 26.44% | 13.06% | 31.25% | -7.31% | 18.01% |
Correlation
The correlation between FTRIX and FZALX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013 | 1.00 |
The correlation between FTRIX and FZALX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FTRIX vs. FZALX — Risk / Return Rank
FTRIX
FZALX
FTRIX vs. FZALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class I (FTRIX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX). 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.
| FTRIX | FZALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.25 | -0.02 |
| Martin ratioReturn relative to average drawdown | 14.38 | 14.45 | -0.07 |
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Drawdowns
FTRIX vs. FZALX - Drawdown Comparison
The maximum FTRIX drawdown since its inception was -52.46%, which is greater than FZALX's maximum drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for FTRIX and FZALX.
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Drawdown Indicators
| FTRIX | FZALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.46% | -35.23% | -17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -8.99% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -18.49% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.31% | -23.25% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -35.23% | +0.01% |
Current DrawdownCurrent decline from peak | -1.41% | -1.42% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -3.77% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.02% | 0.00% |
Volatility
FTRIX vs. FZALX - Volatility Comparison
Fidelity Advisor Mega Cap Stock Fund Class I (FTRIX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) have volatilities of 4.34% and 4.35%, 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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Volatility by Period
| FTRIX | FZALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.35% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 9.70% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 12.56% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 16.76% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 18.17% | -0.01% |
FTRIX vs. FZALX - Expense Ratio Comparison
FTRIX has a 0.65% expense ratio, which is higher than FZALX's 0.51% expense ratio.
Dividends
FTRIX vs. FZALX - Dividend Comparison
FTRIX's dividend yield for the trailing twelve months is around 3.58%, less than FZALX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTRIX Fidelity Advisor Mega Cap Stock Fund Class I | 3.58% | 3.91% | 2.68% | 2.09% | 4.38% | 4.75% | 8.02% | 12.76% | 21.72% | 16.33% | 1.96% | 4.15% |
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 3.69% | 4.04% | 2.83% | 2.17% | 4.51% | 4.92% | 8.14% | 13.19% | 21.94% | 16.56% | 2.12% | 4.33% |
Frequently Asked Questions
With a correlation of 1.00, FTRIX and FZALX 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.
FZALX has higher volatility (4.35%) compared to FTRIX (4.34%). In terms of maximum drawdown, FTRIX dropped -52.46% vs FZALX's -35.23%.
FZALX currently has the higher Sharpe Ratio (2.33 vs 2.32), 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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