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FZAFX vs. IUSG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FZAFX vs. IUSG

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and iShares Core S&P U.S. Growth ETF (IUSG).

FZAFX is managed by Fidelity. It was launched on Aug 13, 2013. IUSG is a passively managed fund by iShares that tracks the performance of the Russell 3000 Growth Index. It was launched on Jul 24, 2000.

Performance

FZAFX vs. IUSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and iShares Core S&P U.S. Growth ETF (IUSG). The values are adjusted to include any dividend payments, if applicable.

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FZAFX vs. IUSG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FZAFX
Fidelity Advisor Equity Growth Fund Class Z		-9.30%14.68%18.15%35.80%-24.36%23.09%43.86%35.68%0.36%35.37%
IUSG
iShares Core S&P U.S. Growth ETF		-7.54%21.23%34.70%29.28%-28.81%31.26%32.65%30.62%-0.79%27.02%

Returns By Period

In the year-to-date period, FZAFX achieves a -9.30% return, which is significantly lower than IUSG's -7.54% return. Both investments have delivered pretty close results over the past 10 years, with FZAFX having a 15.70% annualized return and IUSG not far behind at 15.51%.

FZAFX

1D
-0.85%
1M
-9.03%
YTD
-9.30%
6M
-8.57%
1Y
13.42%
3Y*
14.83%
5Y*
8.58%
10Y*
15.70%

IUSG

1D
4.03%
1M
-5.34%
YTD
-7.54%
6M
-5.48%
1Y
22.75%
3Y*
21.35%
5Y*
11.87%
10Y*
15.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Advisor Equity Growth Fund Class Z

iShares Core S&P U.S. Growth ETF

Often compared with FZAFX:
FZAFX vs. FZAHXFZAFX vs. FXAIXFZAFX vs. SCHGFZAFX vs. SWPPXFZAFX vs. JGVVXFZAFX vs. VUGFZAFX vs. VONG
Often compared with IUSG:
IUSG vs. IUSVIUSG vs. SCHGIUSG vs. VUGIUSG vs. IVWIUSG vs. QQQIUSG vs. IVVIUSG vs. VOOG

FZAFX vs. IUSG - Expense Ratio Comparison

FZAFX has a 0.60% expense ratio, which is higher than IUSG's 0.04% expense ratio.

FZAFX
Fidelity Advisor Equity Growth Fund Class Z
IUSG
iShares Core S&P U.S. Growth ETF

Return for Risk

FZAFX vs. IUSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FZAFX
FZAFX Risk / Return Rank: 2828
Overall Rank
FZAFX Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FZAFX Sortino Ratio Rank: 2828
Sortino Ratio Rank
FZAFX Omega Ratio Rank: 2727
Omega Ratio Rank
FZAFX Calmar Ratio Rank: 2929
Calmar Ratio Rank
FZAFX Martin Ratio Rank: 2828
Martin Ratio Rank
IUSG
IUSG Risk / Return Rank: 6868
Overall Rank
IUSG Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IUSG Sortino Ratio Rank: 6767
Sortino Ratio Rank
IUSG Omega Ratio Rank: 6565
Omega Ratio Rank
IUSG Calmar Ratio Rank: 7272
Calmar Ratio Rank
IUSG Martin Ratio Rank: 7272
Martin Ratio Rank
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.

FZAFX vs. IUSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and iShares Core S&P U.S. Growth ETF (IUSG). 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.

FZAFXIUSGDifference

Sharpe ratio

Return per unit of total volatility

0.62

1.04

-0.42

Sortino ratio

Return per unit of downside risk

1.02

1.61

-0.59

Omega ratio

Gain probability vs. loss probability

1.14

1.23

-0.08

Calmar ratio

Return relative to maximum drawdown

0.83

1.75

-0.92

Martin ratio

Return relative to average drawdown

2.95

6.86

-3.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FZAFX vs. IUSG - Sharpe Ratio Comparison

The current FZAFX Sharpe Ratio is 0.62, which is lower than the IUSG Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of FZAFX and IUSG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FZAFXIUSGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.62

1.04

-0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.57

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.77

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.34

+0.40

Correlation

The correlation between FZAFX and IUSG is 0.96, 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

FZAFX vs. IUSG - Dividend Comparison

FZAFX's dividend yield for the trailing twelve months is around 0.57%, less than IUSG's 0.58% yield.

TTM20252024202320222021202020192018201720162015
FZAFX
Fidelity Advisor Equity Growth Fund Class Z		0.57%0.51%0.00%0.48%1.93%11.39%10.84%9.53%6.38%11.66%5.87%0.00%
IUSG
iShares Core S&P U.S. Growth ETF		0.58%0.53%0.59%1.12%1.07%0.59%0.93%1.64%1.32%1.28%1.48%1.29%

Drawdowns

FZAFX vs. IUSG - Drawdown Comparison

The maximum FZAFX drawdown since its inception was -31.13%, smaller than the maximum IUSG drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for FZAFX and IUSG.

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Drawdown Indicators

FZAFXIUSGDifference

Max Drawdown

Largest peak-to-trough decline

-31.13%

-63.41%

+32.28%

Max Drawdown (1Y)

Largest decline over 1 year

-12.75%

-13.07%

+0.32%

Max Drawdown (5Y)

Largest decline over 5 years

-29.73%

-32.21%

+2.48%

Max Drawdown (10Y)

Largest decline over 10 years

-31.13%

-32.35%

+1.22%

Current Drawdown

Current decline from peak

-12.55%

-9.56%

-2.99%

Average Drawdown

Average peak-to-trough decline

-5.84%

-21.58%

+15.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

3.33%

+0.24%

Volatility

FZAFX vs. IUSG - Volatility Comparison

The current volatility for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) is 6.24%, while iShares Core S&P U.S. Growth ETF (IUSG) has a volatility of 7.14%. This indicates that FZAFX experiences smaller price fluctuations and is considered to be less risky than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FZAFXIUSGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.24%

7.14%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

12.64%

12.52%

+0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

21.45%

22.01%

-0.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.51%

20.83%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.65%

20.34%

+0.31%