FZACX vs. JQUA
Compare and contrast key facts about Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and JPMorgan U.S. Quality Factor ETF (JQUA).
FZACX is managed by Fidelity. It was launched on Aug 13, 2013. JQUA is a passively managed fund by JPMorgan Chase that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZACX or JQUA.
Key characteristics
| FZACX | JQUA | |
|---|---|---|
| YTD Return | 23.25% | 18.24% |
| 1Y Return | 35.07% | 28.57% |
| 3Y Return (Ann) | 11.48% | 12.04% |
| 5Y Return (Ann) | 17.53% | 15.51% |
| Sharpe Ratio | 2.17 | 2.34 |
| Daily Std Dev | 15.41% | 11.89% |
| Max Drawdown | -30.35% | -32.92% |
| Current Drawdown | -0.37% | 0.00% |
Correlation
The correlation between FZACX and JQUA is 0.86, 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. JQUA - Performance Comparison
In the year-to-date period, FZACX achieves a 23.25% return, which is significantly higher than JQUA's 18.24% return. 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. JQUA - Expense Ratio Comparison
FZACX has a 0.48% expense ratio, which is higher than JQUA's 0.12% expense ratio.
Risk-Adjusted Performance
FZACX vs. JQUA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and JPMorgan U.S. Quality Factor ETF (JQUA). 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. JQUA - Dividend Comparison
FZACX's dividend yield for the trailing twelve months is around 2.75%, more than JQUA's 0.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZACX Fidelity Advisor Diversified Stock Fund Class Z | 2.75% | 3.39% | 8.71% | 16.27% | 5.10% | 3.12% | 13.16% | 8.76% | 1.60% | 1.72% | 11.11% | 2.45% |
JQUA JPMorgan U.S. Quality Factor ETF | 0.89% | 1.22% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZACX vs. JQUA - Drawdown Comparison
The maximum FZACX drawdown since its inception was -30.35%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for FZACX and JQUA. For additional features, visit the drawdowns tool.
Volatility
FZACX vs. JQUA - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class Z (FZACX) has a higher volatility of 4.98% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 3.63%. This indicates that FZACX's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.