Correlation
The correlation between FZAFX and SPLG is 0.92, 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.
FZAFX vs. SPLG
Compare and contrast key facts about Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and SPDR Portfolio S&P 500 ETF (SPLG).
FZAFX 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: FZAFX or SPLG.
Performance
FZAFX vs. SPLG - Performance Comparison
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Key characteristics
FZAFX:
0.48
SPLG:
0.73
FZAFX:
0.70
SPLG:
1.04
FZAFX:
1.10
SPLG:
1.15
FZAFX:
0.39
SPLG:
0.68
FZAFX:
1.32
SPLG:
2.58
FZAFX:
6.77%
SPLG:
4.93%
FZAFX:
22.92%
SPLG:
19.61%
FZAFX:
-31.13%
SPLG:
-54.52%
FZAFX:
-5.27%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, FZAFX achieves a -0.13% return, which is significantly lower than SPLG's 0.89% return. Over the past 10 years, FZAFX has outperformed SPLG with an annualized return of 16.08%, while SPLG has yielded a comparatively lower 12.72% annualized return.
FZAFX
-0.13%
8.41%
-1.69%
11.00%
17.72%
17.07%
16.08%
SPLG
0.89%
6.33%
-1.55%
14.28%
14.31%
15.91%
12.72%
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FZAFX vs. SPLG - Expense Ratio Comparison
FZAFX has a 0.60% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
FZAFX vs. SPLG — Risk-Adjusted Performance Rank
FZAFX
SPLG
FZAFX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) 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
FZAFX vs. SPLG - Dividend Comparison
FZAFX's dividend yield for the trailing twelve months is around 10.46%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAFX Fidelity Advisor Equity Growth Fund Class Z | 10.46% | 10.45% | 0.48% | 1.93% | 11.39% | 10.84% | 9.53% | 6.38% | 11.66% | 5.87% | 2.20% | 0.00% |
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
FZAFX vs. SPLG - Drawdown Comparison
The maximum FZAFX drawdown since its inception was -31.13%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for FZAFX and SPLG.
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Volatility
FZAFX vs. SPLG - Volatility Comparison
Fidelity Advisor Equity Growth Fund Class Z (FZAFX) has a higher volatility of 5.48% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.80%. This indicates that FZAFX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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