FZAHX vs. SPY
Compare and contrast key facts about Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) and SPDR S&P 500 ETF (SPY).
FZAHX is managed by Fidelity. It was launched on Aug 13, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZAHX or SPY.
Key characteristics
| FZAHX | SPY | |
|---|---|---|
| YTD Return | 39.14% | 26.83% |
| 1Y Return | 50.00% | 34.88% |
| 3Y Return (Ann) | 2.09% | 10.16% |
| 5Y Return (Ann) | 15.91% | 15.71% |
| 10Y Return (Ann) | 11.95% | 13.33% |
| Sharpe Ratio | 2.70 | 3.08 |
| Sortino Ratio | 3.46 | 4.10 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 1.81 | 4.46 |
| Martin Ratio | 15.63 | 20.22 |
| Ulcer Index | 3.42% | 1.85% |
| Daily Std Dev | 19.76% | 12.18% |
| Max Drawdown | -49.18% | -55.19% |
| Current Drawdown | -0.69% | -0.26% |
Correlation
The correlation between FZAHX and SPY is 0.87, 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.
Performance
FZAHX vs. SPY - Performance Comparison
In the year-to-date period, FZAHX achieves a 39.14% return, which is significantly higher than SPY's 26.83% return. Over the past 10 years, FZAHX has underperformed SPY with an annualized return of 11.95%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FZAHX vs. SPY - Expense Ratio Comparison
FZAHX has a 0.67% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FZAHX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FZAHX vs. SPY - Dividend Comparison
FZAHX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FZAHX vs. SPY - Drawdown Comparison
The maximum FZAHX drawdown since its inception was -49.18%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FZAHX and SPY. For additional features, visit the drawdowns tool.
Volatility
FZAHX vs. SPY - Volatility Comparison
Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) has a higher volatility of 5.27% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that FZAHX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.