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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZACX or IWV.
Key characteristics
| FZACX | IWV | |
|---|---|---|
| YTD Return | 30.28% | 26.18% |
| 1Y Return | 42.14% | 40.32% |
| 3Y Return (Ann) | 9.97% | 8.75% |
| 5Y Return (Ann) | 18.22% | 15.25% |
| 10Y Return (Ann) | 12.89% | 12.77% |
| Sharpe Ratio | 2.80 | 3.07 |
| Sortino Ratio | 3.70 | 4.10 |
| Omega Ratio | 1.51 | 1.57 |
| Calmar Ratio | 3.72 | 4.25 |
| Martin Ratio | 16.15 | 20.37 |
| Ulcer Index | 2.56% | 1.92% |
| Daily Std Dev | 14.77% | 12.72% |
| Max Drawdown | -30.35% | -55.61% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
FZACX vs. IWV - Performance Comparison
In the year-to-date period, FZACX achieves a 30.28% return, which is significantly higher than IWV's 26.18% return. Both investments have delivered pretty close results over the past 10 years, with FZACX having a 12.89% annualized return and IWV not far behind at 12.77%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FZACX vs. IWV - Risk-Adjusted Performance 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.
Dividends
FZACX vs. IWV - Dividend Comparison
FZACX's dividend yield for the trailing twelve months is around 0.40%, less than IWV's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZACX Fidelity Advisor Diversified Stock Fund Class Z | 0.40% | 0.52% | 0.80% | 0.54% | 0.47% | 0.77% | 0.77% | 1.33% | 1.56% | 1.72% | 11.11% | 2.45% |
IWV iShares Russell 3000 ETF | 1.07% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% | 1.62% | 1.61% |
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. For additional features, visit the drawdowns tool.
Volatility
FZACX vs. IWV - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and iShares Russell 3000 ETF (IWV) have volatilities of 4.21% and 4.14%, 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.