FZACX vs. JQUA

Last updated Jun 3, 2026

FZACX (Fidelity Advisor Diversified Stock Fund Class Z) and JQUA (JPMorgan U.S. Quality Factor ETF) are both Large Cap Growth Equities funds. Over the past 5 years, FZACX returned 13.77%/yr vs 14.20%/yr for JQUA. Their correlation of 0.85 suggests significant overlap in exposure. FZACX charges 0.48%/yr vs 0.12%/yr for JQUA.

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.

Returns By Period

The year-to-date returns for both investments are quite close, with FZACX having a 14.11% return and JQUA slightly higher at 14.47%.

FZACX

• 1D: 0.28%
• 1M: 5.12%
• YTD: 14.11%
• 6M: 14.08%
• 1Y: 31.63%
• 3Y*: 23.42%
• 5Y*: 13.77%
• 10Y*: 16.15%

JQUA

• 1D: 0.42%
• 1M: 8.40%
• YTD: 14.47%
• 6M: 15.23%
• 1Y: 23.81%
• 3Y*: 20.64%
• 5Y*: 14.20%
• 10Y*: —

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

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	14.11%	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	14.47%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%

Correlation

The correlation between FZACX and JQUA is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.85

The correlation between FZACX and JQUA shifts across timeframes, from 0.79 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.

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: 63
FZACX Sharpe Ratio Rank: 60
FZACX Sortino Ratio Rank: 53
FZACX Omega Ratio Rank: 55
FZACX Calmar Ratio Rank: 71
FZACX Martin Ratio Rank: 76

JQUA

JQUA Risk / Return Rank: 66
JQUA Sharpe Ratio Rank: 63
JQUA Sortino Ratio Rank: 65
JQUA Omega Ratio Rank: 60
JQUA Calmar Ratio Rank: 67
JQUA Martin Ratio Rank: 74

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	2.29	2.13	+0.16
Sortino ratio Return per unit of downside risk	3.08	3.04	+0.04
Omega ratio Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio Return relative to maximum drawdown	3.27	3.38	-0.11
Martin ratio Return relative to average drawdown	14.42	14.27	+0.15
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 2.29, which is comparable to the JQUA Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FZACX and JQUA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FZACX	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.13	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.91	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.84	-0.06

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	-9.99%	-7.13%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-16.81%	-9.90%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.08%	-4.16%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.69%	+0.57%

Volatility

FZACX vs. JQUA - Volatility Comparison

Fidelity Advisor Diversified Stock Fund Class Z (FZACX) has a higher volatility of 4.22% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 2.83%. 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	4.22%	2.83%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	8.33%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	11.21%	+3.08%
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	19.50%	17.99%	+1.51%

FZACX vs. JQUA - Expense Ratio Comparison

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

Dividends

FZACX vs. JQUA - Dividend Comparison

FZACX's dividend yield for the trailing twelve months is around 5.50%, more than JQUA's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZACX Fidelity Advisor Diversified Stock Fund Class Z	5.50%	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	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FZACX and JQUA in my portfolio?

FZACX and JQUA have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FZACX or JQUA?

FZACX has higher volatility (4.22%) compared to JQUA (2.83%). In terms of maximum drawdown, FZACX dropped -30.35% vs JQUA's -32.92%.

Which has better risk-adjusted returns?

FZACX currently has the higher Sharpe Ratio (2.29 vs 2.13), 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.