FZACX vs. FDTOX

Last updated Jun 3, 2026

FZACX (Fidelity Advisor Diversified Stock Fund Class Z) and FDTOX (Fidelity Advisor Diversified Stock Fund Class A) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FZACX returned 16.15%/yr vs 15.81%/yr for FDTOX. With a 1.00 correlation, they move nearly in lockstep. FZACX charges 0.48%/yr vs 0.80%/yr for FDTOX.

Performance

FZACX vs. FDTOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and Fidelity Advisor Diversified Stock Fund Class A (FDTOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FZACX having a 14.11% return and FDTOX slightly lower at 13.99%. Both investments have delivered pretty close results over the past 10 years, with FZACX having a 16.15% annualized return and FDTOX not far behind at 15.81%.

FZACX

• 1D: 0.28%
• 1M: 5.12%
• YTD: 14.11%
• 6M: 14.08%
• 1Y: 31.63%
• 3Y*: 23.42%
• 5Y*: 13.77%
• 10Y*: 16.15%

FDTOX

• 1D: 0.32%
• 1M: 5.11%
• YTD: 13.99%
• 6M: 13.91%
• 1Y: 31.24%
• 3Y*: 23.03%
• 5Y*: 13.41%
• 10Y*: 15.81%

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

FZACX vs. FDTOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FZACX Fidelity Advisor Diversified Stock Fund Class Z	14.11%	14.06%	28.02%	28.33%	-19.88%	28.19%	27.41%	28.17%	-5.57%	17.70%
FDTOX Fidelity Advisor Diversified Stock Fund Class A	13.99%	13.68%	27.66%	27.89%	-20.14%	27.77%	27.02%	27.81%	-5.95%	17.73%

Correlation

The correlation between FZACX and FDTOX 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 21, 2013	1.00

The correlation between FZACX and FDTOX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FZACX vs. FDTOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZACX

FZACX Risk / Return Rank: 63
FZACX Sharpe Ratio Rank: 60
FZACX Sortino Ratio Rank: 53
FZACX Omega Ratio Rank: 55
FZACX Calmar Ratio Rank: 71
FZACX Martin Ratio Rank: 76

FDTOX

FDTOX Risk / Return Rank: 62
FDTOX Sharpe Ratio Rank: 58
FDTOX Sortino Ratio Rank: 52
FDTOX Omega Ratio Rank: 54
FDTOX Calmar Ratio Rank: 69
FDTOX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FZACX vs. FDTOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and Fidelity Advisor Diversified Stock Fund Class A (FDTOX). 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.

	FZACX	FDTOX	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.26	+0.03
Sortino ratio Return per unit of downside risk	3.08	3.04	+0.04
Omega ratio Gain probability vs. loss probability	1.41	1.40	+0.01
Calmar ratio Return relative to maximum drawdown	3.27	3.21	+0.06
Martin ratio Return relative to average drawdown	14.42	14.16	+0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FZACX vs. FDTOX - Sharpe Ratio Comparison

The current FZACX Sharpe Ratio is 2.29, which is comparable to the FDTOX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FZACX and FDTOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FZACX	FDTOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.26	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.68	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.81	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.43	+0.34

Drawdowns

FZACX vs. FDTOX - Drawdown Comparison

The maximum FZACX drawdown since its inception was -30.35%, smaller than the maximum FDTOX drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for FZACX and FDTOX.

Drawdown Indicators

	FZACX	FDTOX	Difference
Max Drawdown Largest peak-to-trough decline	-30.35%	-72.07%	+41.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-10.04%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-27.38%	+0.67%
Max Drawdown (5Y) Largest decline over 5 years	-26.71%	-27.38%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-30.35%	-30.39%	+0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.08%	-19.53%	+14.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.28%	-0.02%

Volatility

FZACX vs. FDTOX - Volatility Comparison

Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and Fidelity Advisor Diversified Stock Fund Class A (FDTOX) have volatilities of 4.22% and 4.25%, 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.

Volatility by Period

	FZACX	FDTOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.25%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	11.18%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	14.30%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.57%	19.76%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	19.59%	-0.09%

FZACX vs. FDTOX - Expense Ratio Comparison

FZACX has a 0.48% expense ratio, which is lower than FDTOX's 0.80% expense ratio.

Dividends

FZACX vs. FDTOX - Dividend Comparison

FZACX's dividend yield for the trailing twelve months is around 5.50%, less than FDTOX's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDTOX Fidelity Advisor Diversified Stock Fund Class A	5.81%	6.62%	14.36%	3.39%	9.03%	17.16%	5.14%	2.99%	13.50%	7.81%	1.38%	8.36%
FZACX Fidelity Advisor Diversified Stock Fund Class Z	5.50%	6.28%	13.41%	3.39%	8.71%	16.27%	5.10%	3.12%	13.16%	7.44%	1.60%	8.32%

Frequently Asked Questions

Can I hold both FZACX and FDTOX in my portfolio?

With a correlation of 1.00, FZACX and FDTOX 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, FZACX or FDTOX?

FDTOX has higher volatility (4.25%) compared to FZACX (4.22%). In terms of maximum drawdown, FZACX dropped -30.35% vs FDTOX's -72.07%.

Which has better risk-adjusted returns?

FZACX currently has the higher Sharpe Ratio (2.29 vs 2.26), 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.