FZACX vs. VRGWX

Last updated Aug 5, 2026

FZACX (Fidelity Advisor Diversified Stock Fund Class Z) and VRGWX (Vanguard Russell 1000 Growth Index Fund Institutional Shares) are both Large Cap Growth Equities funds. Over the past 10 years, FZACX returned 15.45%/yr vs 18.01%/yr for VRGWX. Their correlation of 0.93 means they have usually moved in the same direction. FZACX charges 0.48%/yr vs 0.05%/yr for VRGWX.

Performance

FZACX vs. VRGWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FZACX achieves a 12.79% return, which is significantly higher than VRGWX's 2.47% return. Over the past 10 years, FZACX has underperformed VRGWX with an annualized return of 15.45%, while VRGWX has yielded a comparatively higher 18.01% annualized return.

FZACX

• 1D: 1.28%
• 1M: 0.18%
• 6M: 9.09%
• YTD: 12.79%
• 1Y: 20.77%
• 3Y*: 21.09%
• 5Y*: 12.94%
• 10Y*: 15.45%
• ALL TIME*: 13.89%

VRGWX

• 1D: 2.16%
• 1M: -0.32%
• 6M: 5.59%
• YTD: 2.47%
• 1Y: 10.34%
• 3Y*: 21.23%
• 5Y*: 12.97%
• 10Y*: 18.01%
• ALL TIME*: 16.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FZACX Fidelity Advisor Diversified Stock Fund Class Z	$0.00	$0.00	$0.00
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	$0.00	$0.00	$0.00

FZACX vs. VRGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FZACX Fidelity Advisor Diversified Stock Fund Class Z	12.79%	14.06%	28.02%	28.33%	-19.88%	28.19%	27.41%	28.17%	-5.57%	17.70%
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	2.47%	18.32%	33.25%	42.65%	-29.18%	32.42%	38.38%	36.30%	-1.59%	30.11%

Correlation

The correlation between FZACX and VRGWX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013	0.93

The correlation between FZACX and VRGWX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

FZACX vs. VRGWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FZACX

FZACX Risk / Return Rank: 50
FZACX Sharpe Ratio Rank: 44
FZACX Sortino Ratio Rank: 40
FZACX Omega Ratio Rank: 40
FZACX Calmar Ratio Rank: 60
FZACX Martin Ratio Rank: 65

VRGWX

VRGWX Risk / Return Rank: 17
VRGWX Sharpe Ratio Rank: 18
VRGWX Sortino Ratio Rank: 18
VRGWX Omega Ratio Rank: 17
VRGWX Calmar Ratio Rank: 15
VRGWX Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FZACX vs. VRGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class Z (FZACX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FZACX	VRGWX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.72	+0.72
Sortino ratio: Return per unit of downside risk	1.99	1.09	+0.90
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	2.30	0.78	+1.52
Martin ratio: Return relative to average drawdown	9.19	2.31	+6.88

FZACX vs. VRGWX - Sharpe Ratio Comparison

The current FZACX Sharpe Ratio is 1.43, which is higher than the VRGWX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FZACX and VRGWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FZACX vs. VRGWX - Drawdown Comparison

The maximum FZACX drawdown since its inception was -30.35%, smaller than the maximum VRGWX drawdown of -32.70%. Use the drawdown chart below to compare losses from any high point for FZACX and VRGWX.

Drawdown Indicators

	FZACX	VRGWX	Difference
Max Drawdown Largest peak-to-trough decline	-30.35%	-32.70%	+2.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-16.19%	+6.20%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-23.44%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	-26.71%	-32.70%	+5.99%
Max Drawdown (10Y) Largest decline over 10 years	-30.35%	-32.70%	+2.35%
Current Drawdown Current decline from peak	-1.93%	-5.98%	+4.05%
Average Drawdown Average peak-to-trough decline	-5.04%	-4.89%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	5.42%	-2.93%

Volatility

FZACX vs. VRGWX - Volatility Comparison

The current volatility for Fidelity Advisor Diversified Stock Fund Class Z (FZACX) is 4.68%, while Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX) has a volatility of 6.70%. This indicates that FZACX experiences smaller price fluctuations and is considered to be less risky than VRGWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FZACX	VRGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	6.70%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	13.03%	14.20%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	17.57%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	21.96%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.53%	21.31%	-1.78%

FZACX vs. VRGWX - Expense Ratio Comparison

FZACX has a 0.48% expense ratio, which is higher than VRGWX's 0.05% expense ratio.

Dividends

FZACX vs. VRGWX - Dividend Comparison

FZACX's dividend yield for the trailing twelve months is around 5.57%, more than VRGWX's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZACX Fidelity Advisor Diversified Stock Fund Class Z	5.57%	6.28%	13.41%	3.39%	8.71%	16.27%	5.10%	3.12%	13.16%	7.44%	1.60%	8.32%
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares	0.48%	0.35%	0.56%	0.71%	0.99%	4.18%	0.77%	1.03%	1.22%	1.22%	1.52%	1.51%

Frequently Asked Questions

Can I hold both FZACX and VRGWX in my portfolio?

FZACX and VRGWX have a correlation of 0.89, 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 VRGWX?

VRGWX has higher volatility (6.70%) compared to FZACX (4.68%). In terms of maximum drawdown, FZACX dropped -30.35% vs VRGWX's -32.70%.

Which has better risk-adjusted returns?

FZACX currently has the higher Sharpe Ratio (1.43 vs 0.72), 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.