FZACX vs. JQUA

Last updated Apr 2, 2026

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 that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017.

Performance

FZACX vs. JQUA - Performance Comparison

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

FZACX vs. JQUA - 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%	1.54%
JQUA JPMorgan U.S. Quality Factor ETF	-2.29%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%

Returns By Period

The year-to-date returns for both investments are quite close, with FZACX having a -2.37% return and JQUA slightly higher at -2.29%.

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%

JQUA

• 1D: 0.39%
• 1M: -4.17%
• YTD: -2.29%
• 6M: -1.53%
• 1Y: 10.04%
• 3Y*: 15.78%
• 5Y*: 11.56%
• 10Y*: —

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

FZACX vs. JQUA - Expense Ratio Comparison

FZACX has a 0.48% expense ratio, which is higher than JQUA's 0.12% expense ratio.

FZACX

Fidelity Advisor Diversified Stock Fund Class Z

JQUA

JPMorgan U.S. Quality Factor ETF

Return for Risk

FZACX vs. JQUA — Risk / Return Rank

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

FZACX

FZACX Risk / Return Rank: 57
FZACX Sharpe Ratio Rank: 49
FZACX Sortino Ratio Rank: 52
FZACX Omega Ratio Rank: 52
FZACX Calmar Ratio Rank: 63
FZACX Martin Ratio Rank: 69

JQUA

JQUA Risk / Return Rank: 35
JQUA Sharpe Ratio Rank: 30
JQUA Sortino Ratio Rank: 32
JQUA Omega Ratio Rank: 32
JQUA Calmar Ratio Rank: 34
JQUA Martin Ratio Rank: 45

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. JQUA - Risk-Adjusted Trends 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.

	FZACX	JQUA	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.60	+0.42
Sortino ratio Return per unit of downside risk	1.53	0.98	+0.54
Omega ratio Gain probability vs. loss probability	1.23	1.14	+0.09
Calmar ratio Return relative to maximum drawdown	1.61	0.90	+0.72
Martin ratio Return relative to average drawdown	7.10	4.40	+2.70
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. JQUA - Sharpe Ratio Comparison

The current FZACX Sharpe Ratio is 1.03, which is higher than the JQUA Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of FZACX and JQUA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FZACX	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.60	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.74	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.73	-0.02

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.

Dividends

FZACX vs. JQUA - Dividend Comparison

FZACX's dividend yield for the trailing twelve months is around 6.43%, more than JQUA's 1.25% 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%
JQUA JPMorgan U.S. Quality Factor ETF	1.25%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	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.

Drawdown Indicators

	FZACX	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-30.35%	-32.92%	+2.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.57%	-11.55%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-26.71%	-22.47%	-4.24%
Max Drawdown (10Y) Largest decline over 10 years	-30.35%	—	—
Current Drawdown Current decline from peak	-6.83%	-4.57%	-2.26%
Average Drawdown Average peak-to-trough decline	-5.13%	-4.23%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.36%	+0.50%

Volatility

FZACX vs. JQUA - Volatility Comparison

Fidelity Advisor Diversified Stock Fund Class Z (FZACX) has a higher volatility of 6.65% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 4.42%. 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.

Volatility by Period

	FZACX	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	4.42%	+2.23%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	8.57%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	16.71%	+2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.57%	15.61%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	18.10%	+1.37%