Correlation
The correlation between FZADX and SPLG is 0.93, 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.
FZADX vs. SPLG
Compare and contrast key facts about Fidelity Advisor Dividend Growth Fund Class Z (FZADX) and SPDR Portfolio S&P 500 ETF (SPLG).
FZADX is managed by Fidelity. It was launched on Aug 13, 2013. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZADX or SPLG.
Performance
FZADX vs. SPLG - Performance Comparison
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Key characteristics
FZADX:
0.49
SPLG:
0.73
FZADX:
0.71
SPLG:
1.04
FZADX:
1.10
SPLG:
1.15
FZADX:
0.42
SPLG:
0.68
FZADX:
1.45
SPLG:
2.58
FZADX:
6.22%
SPLG:
4.93%
FZADX:
21.91%
SPLG:
19.61%
FZADX:
-41.31%
SPLG:
-54.52%
FZADX:
-4.45%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, FZADX achieves a 2.34% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, FZADX has underperformed SPLG with an annualized return of 10.31%, while SPLG has yielded a comparatively higher 12.72% annualized return.
FZADX
2.34%
7.18%
-0.33%
10.38%
14.18%
16.70%
10.31%
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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FZADX vs. SPLG - Expense Ratio Comparison
FZADX has a 0.45% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
FZADX vs. SPLG — Risk-Adjusted Performance Rank
FZADX
SPLG
FZADX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Dividend Growth Fund Class Z (FZADX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
FZADX vs. SPLG - Dividend Comparison
FZADX's dividend yield for the trailing twelve months is around 8.32%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZADX Fidelity Advisor Dividend Growth Fund Class Z | 8.32% | 8.69% | 3.13% | 9.32% | 5.40% | 1.67% | 4.65% | 17.71% | 16.01% | 1.47% | 7.77% | 10.36% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
FZADX vs. SPLG - Drawdown Comparison
The maximum FZADX drawdown since its inception was -41.31%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for FZADX and SPLG.
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Volatility
FZADX vs. SPLG - Volatility Comparison
The current volatility for Fidelity Advisor Dividend Growth Fund Class Z (FZADX) is 4.09%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. This indicates that FZADX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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