FZAHX vs. MSFT
FZAHX (Fidelity Advisor Growth Opportunities Fund Class Z) is Large Cap Growth Equities fund managed by Fidelity, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, FZAHX returned 21.60%/yr vs 25.40%/yr for MSFT. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
FZAHX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, FZAHX achieves a 11.88% return, which is significantly higher than MSFT's 2.35% return. Over the past 10 years, FZAHX has underperformed MSFT with an annualized return of 21.60%, while MSFT has yielded a comparatively higher 25.40% annualized return.
FZAHX
- 1D
- 2.85%
- 1M
- -1.50%
- 6M
- 14.16%
- YTD
- 11.88%
- 1Y
- 20.48%
- 3Y*
- 27.70%
- 5Y*
- 10.95%
- 10Y*
- 21.60%
- ALL TIME*
- 19.09%
MSFT
- 1D
- 1.06%
- 1M
- 26.20%
- 6M
- 20.38%
- YTD
- 2.35%
- 1Y
- -7.26%
- 3Y*
- 15.46%
- 5Y*
- 12.14%
- 10Y*
- 25.40%
- ALL TIME*
- 25.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $21.01B | $15.96B | $16.86B |
FZAHX vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | 11.88% | 22.61% | 39.23% | 45.70% | -38.18% | 11.74% | 69.25% | 40.80% | 15.25% | 35.10% |
MSFT Microsoft Corporation | 2.35% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between FZAHX and MSFT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013 | 0.70 |
Over the past year, the correlation between FZAHX and MSFT has dropped to 0.42 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
FZAHX vs. MSFT — Risk / Return Rank
FZAHX
MSFT
FZAHX vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) and Microsoft Corporation (MSFT). 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.
| FZAHX | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.98 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.21 | +1.65 |
| Martin ratioReturn relative to average drawdown | 4.93 | -0.38 | +5.31 |
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Drawdowns
FZAHX vs. MSFT - Drawdown Comparison
The maximum FZAHX drawdown since its inception was -44.45%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for FZAHX and MSFT.
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Drawdown Indicators
| FZAHX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -69.38% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -34.50% | +18.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.58% | -34.50% | +7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -44.45% | -37.15% | -7.30% |
Max Drawdown (10Y)Largest decline over 10 years | -44.45% | -37.15% | -7.30% |
Current DrawdownCurrent decline from peak | -4.43% | -8.51% | +4.08% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -21.80% | +13.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 19.37% | -14.68% |
Volatility
FZAHX vs. MSFT - Volatility Comparison
The current volatility for Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) is 8.38%, while Microsoft Corporation (MSFT) has a volatility of 16.29%. This indicates that FZAHX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAHX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 16.29% | -7.91% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 26.79% | -8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 32.03% | -10.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.36% | 28.10% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.12% | 27.67% | -3.55% |
Dividends
FZAHX vs. MSFT - Dividend Comparison
FZAHX's dividend yield for the trailing twelve months is around 3.22%, more than MSFT's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | 3.22% | 3.61% | 0.00% | 0.00% | 0.00% | 9.45% | 5.15% | 3.74% | 11.00% | 7.50% | 14.42% | 10.52% |
MSFT Microsoft Corporation | 0.72% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
FZAHX and MSFT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (16.29%) compared to FZAHX (8.38%). In terms of maximum drawdown, FZAHX dropped -44.45% vs MSFT's -69.38%.
FZAHX currently has the higher Sharpe Ratio (1.07 vs -0.23), 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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