FZACX vs. FPKFX
FZACX (Fidelity Advisor Diversified Stock Fund Class Z) and FPKFX (Fidelity Puritan K6 Fund) are both mutual funds - FZACX is a Large Cap Growth Equities fund managed by Fidelity, while FPKFX is a Diversified Portfolio fund managed by Fidelity. Over the past 5 years, FZACX returned 12.48%/yr vs 8.30%/yr for FPKFX. Their 0.99 correlation means they have historically moved very closely together. FZACX charges 0.48%/yr vs 0.32%/yr for FPKFX.
Performance
FZACX vs. FPKFX - Performance Comparison
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Returns By Period
In the year-to-date period, FZACX achieves a 10.42% return, which is significantly higher than FPKFX's 6.56% return.
FZACX
- 1D
- 2.05%
- 1M
- -1.93%
- 6M
- 7.34%
- YTD
- 10.42%
- 1Y
- 20.28%
- 3Y*
- 19.21%
- 5Y*
- 12.48%
- 10Y*
- 15.39%
- ALL TIME*
- 13.71%
FPKFX
- 1D
- 1.38%
- 1M
- -2.03%
- 6M
- 4.44%
- YTD
- 6.56%
- 1Y
- 13.71%
- 3Y*
- 13.88%
- 5Y*
- 8.30%
- 10Y*
- —
- ALL TIME*
- 11.73%
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 |
FZACX vs. FPKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FZACX Fidelity Advisor Diversified Stock Fund Class Z | 10.42% | 14.06% | 28.02% | 28.33% | -19.88% | 28.19% | 27.41% | 11.29% |
FPKFX Fidelity Puritan K6 Fund | 6.56% | 11.37% | 18.95% | 20.29% | -17.11% | 19.10% | 20.22% | 9.41% |
Correlation
The correlation between FZACX and FPKFX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.99 |
The correlation between FZACX and FPKFX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
FZACX vs. FPKFX — Risk / Return Rank
FZACX
FPKFX
FZACX vs. FPKFX - 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 Puritan K6 Fund (FPKFX). 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.
| FZACX | FPKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.74 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.45 | 7.01 | +0.44 |
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Drawdowns
FZACX vs. FPKFX - Drawdown Comparison
The maximum FZACX drawdown since its inception was -30.35%, which is greater than FPKFX's maximum drawdown of -24.46%. Use the drawdown chart below to compare losses from any high point for FZACX and FPKFX.
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Drawdown Indicators
| FZACX | FPKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.35% | -24.46% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -7.48% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -14.90% | -11.81% |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | -22.33% | -4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | — | — |
Current DrawdownCurrent decline from peak | -3.99% | -3.43% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.73% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.85% | +0.63% |
Volatility
FZACX vs. FPKFX - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class Z (FZACX) has a higher volatility of 4.61% compared to Fidelity Puritan K6 Fund (FPKFX) at 3.34%. This indicates that FZACX's price experiences larger fluctuations and is considered to be riskier than FPKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZACX | FPKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.34% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 9.41% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.07% | 11.37% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 12.81% | +6.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 14.31% | +5.21% |
FZACX vs. FPKFX - Expense Ratio Comparison
FZACX has a 0.48% expense ratio, which is higher than FPKFX's 0.32% expense ratio.
Dividends
FZACX vs. FPKFX - Dividend Comparison
FZACX's dividend yield for the trailing twelve months is around 5.69%, more than FPKFX's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPKFX Fidelity Puritan K6 Fund | 3.50% | 4.19% | 3.83% | 1.67% | 1.62% | 4.34% | 1.40% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
FZACX Fidelity Advisor Diversified Stock Fund Class Z | 5.69% | 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
With a correlation of 0.99, FZACX and FPKFX 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.
FZACX has higher volatility (4.61%) compared to FPKFX (3.34%). In terms of maximum drawdown, FZACX dropped -30.35% vs FPKFX's -24.46%.
FZACX currently has the higher Sharpe Ratio (1.15 vs 1.14), 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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