FZACX vs. IWV
Compare and contrast key facts about Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and iShares Russell 3000 ETF (IWV).
FZACX is managed by Fidelity. It was launched on Aug 13, 2013. IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on May 22, 2000.
Performance
FZACX vs. IWV - Performance Comparison
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FZACX vs. IWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZACX Fidelity Advisor Diversified Stock Fund Class Z | -2.37% | 14.06% | 28.02% | 28.33% | -19.88% | 28.19% | 27.41% | 28.17% | -5.57% | 17.70% |
IWV iShares Russell 3000 ETF | -3.33% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
Returns By Period
In the year-to-date period, FZACX achieves a -2.37% return, which is significantly higher than IWV's -3.33% return. Over the past 10 years, FZACX has outperformed IWV with an annualized return of 14.80%, while IWV has yielded a comparatively lower 13.53% annualized return.
FZACX
- 1D
- 3.52%
- 1M
- -5.39%
- YTD
- -2.37%
- 6M
- 0.09%
- 1Y
- 19.23%
- 3Y*
- 19.66%
- 5Y*
- 11.49%
- 10Y*
- 14.80%
IWV
- 1D
- 0.69%
- 1M
- -4.38%
- YTD
- -3.33%
- 6M
- -1.36%
- 1Y
- 18.22%
- 3Y*
- 17.95%
- 5Y*
- 10.55%
- 10Y*
- 13.53%
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FZACX vs. IWV - Expense Ratio Comparison
FZACX has a 0.48% expense ratio, which is higher than IWV's 0.20% expense ratio.
Return for Risk
FZACX vs. IWV — Risk / Return Rank
FZACX
IWV
FZACX vs. IWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and iShares Russell 3000 ETF (IWV). 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 | IWV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.99 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.52 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.52 | +0.10 |
Martin ratioReturn relative to average drawdown | 7.10 | 7.19 | -0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZACX | IWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.99 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.74 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.42 | +0.28 |
Correlation
The correlation between FZACX and IWV is 0.96, 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.
Dividends
FZACX vs. IWV - Dividend Comparison
FZACX's dividend yield for the trailing twelve months is around 6.43%, more than IWV's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZACX Fidelity Advisor Diversified Stock Fund Class Z | 6.43% | 6.28% | 13.41% | 3.39% | 8.71% | 16.27% | 5.10% | 3.12% | 13.16% | 7.44% | 1.60% | 8.32% |
IWV iShares Russell 3000 ETF | 0.98% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
Drawdowns
FZACX vs. IWV - Drawdown Comparison
The maximum FZACX drawdown since its inception was -30.35%, smaller than the maximum IWV drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for FZACX and IWV.
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Drawdown Indicators
| FZACX | IWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.35% | -55.61% | +25.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -12.31% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | -25.11% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -35.22% | +4.87% |
Current DrawdownCurrent decline from peak | -6.83% | -5.53% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -10.65% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.60% | +0.26% |
Volatility
FZACX vs. IWV - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class Z (FZACX) has a higher volatility of 6.65% compared to iShares Russell 3000 ETF (IWV) at 5.45%. This indicates that FZACX's price experiences larger fluctuations and is considered to be riskier than IWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZACX | IWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 5.45% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 9.70% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 18.45% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 17.24% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.39% | +1.08% |