FZAHX vs. AAPL
FZAHX (Fidelity Advisor Growth Opportunities Fund Class Z) is Large Cap Growth Equities fund managed by Fidelity, while AAPL (Apple Inc) is a stock. Over the past 10 years, FZAHX returned 22.45%/yr vs 30.07%/yr for AAPL. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
FZAHX vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, FZAHX achieves a 15.79% return, which is significantly higher than AAPL's 14.69% return. Over the past 10 years, FZAHX has underperformed AAPL with an annualized return of 22.45%, while AAPL has yielded a comparatively higher 30.07% annualized return.
FZAHX
- 1D
- -0.96%
- 1M
- 7.22%
- YTD
- 15.79%
- 6M
- 16.23%
- 1Y
- 38.81%
- 3Y*
- 31.78%
- 5Y*
- 13.38%
- 10Y*
- 22.45%
AAPL
- 1D
- 0.31%
- 1M
- 9.62%
- YTD
- 14.69%
- 6M
- 11.08%
- 1Y
- 54.06%
- 3Y*
- 20.68%
- 5Y*
- 20.46%
- 10Y*
- 30.07%
FZAHX vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | 15.79% | 22.61% | 39.23% | 45.70% | -38.18% | 11.74% | 69.25% | 40.80% | 15.25% | 35.10% |
AAPL Apple Inc | 14.69% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between FZAHX and AAPL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2013 | 0.63 |
Over the past year, the correlation between FZAHX and AAPL has dropped to 0.38 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
FZAHX vs. AAPL — Risk / Return Rank
FZAHX
AAPL
FZAHX vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) and Apple Inc (AAPL). 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.
| FZAHX | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.94 | -1.45 |
| Martin ratioReturn relative to average drawdown | 9.33 | 9.91 | -0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZAHX | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.44 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.75 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 1.04 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.44 | +0.43 |
Drawdowns
FZAHX vs. AAPL - Drawdown Comparison
The maximum FZAHX drawdown since its inception was -44.45%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for FZAHX and AAPL.
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Drawdown Indicators
| FZAHX | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -81.80% | +37.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -13.80% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.58% | -33.36% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -44.45% | -33.36% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -44.45% | -38.52% | -5.93% |
Current DrawdownCurrent decline from peak | -1.03% | -1.26% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -29.61% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 5.47% | -1.19% |
Volatility
FZAHX vs. AAPL - Volatility Comparison
The current volatility for Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) is 4.69%, while Apple Inc (AAPL) has a volatility of 5.01%. This indicates that FZAHX experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAHX | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.01% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 15.88% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 22.31% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 27.45% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 28.89% | -5.00% |
Dividends
FZAHX vs. AAPL - Dividend Comparison
FZAHX's dividend yield for the trailing twelve months is around 3.12%, more than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | 3.12% | 3.61% | 0.00% | 0.00% | 0.00% | 9.45% | 5.15% | 3.74% | 11.00% | 7.50% | 14.42% | 10.52% |
Frequently Asked Questions
FZAHX and AAPL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (5.01%) compared to FZAHX (4.69%). In terms of maximum drawdown, FZAHX dropped -44.45% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.44 vs 2.19), 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.
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