FZALX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Fidelity 500 Index Fund (FXAIX).
FZALX is managed by Fidelity. It was launched on Aug 13, 2013. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FZALX vs. FXAIX - Performance Comparison
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FZALX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | -5.06% | 27.07% | 26.13% | 26.63% | -8.89% | 26.44% | 13.06% | 31.25% | -7.31% | 18.01% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FZALX achieves a -5.06% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FZALX has outperformed FXAIX with an annualized return of 15.21%, while FXAIX has yielded a comparatively lower 13.75% annualized return.
FZALX
- 1D
- -0.54%
- 1M
- -7.42%
- YTD
- -5.06%
- 6M
- -0.48%
- 1Y
- 23.20%
- 3Y*
- 21.36%
- 5Y*
- 14.68%
- 10Y*
- 15.21%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FZALX vs. FXAIX - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FZALX vs. FXAIX — Risk / Return Rank
FZALX
FXAIX
FZALX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Fidelity 500 Index Fund (FXAIX). 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.
| FZALX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.84 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.30 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.05 | +0.69 |
Martin ratioReturn relative to average drawdown | 8.19 | 5.13 | +3.06 |
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
| FZALX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.84 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.68 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.77 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.75 | +0.04 |
Correlation
The correlation between FZALX and FXAIX is 0.94, 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
FZALX vs. FXAIX - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 4.25%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 4.25% | 4.04% | 2.83% | 2.17% | 4.51% | 4.92% | 8.14% | 13.19% | 21.94% | 16.56% | 2.12% | 4.33% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FZALX vs. FXAIX - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FZALX and FXAIX.
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Drawdown Indicators
| FZALX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -33.79% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.13% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -24.50% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -33.79% | -1.44% |
Current DrawdownCurrent decline from peak | -8.99% | -8.89% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -3.83% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.50% | +0.09% |
Volatility
FZALX vs. FXAIX - Volatility Comparison
Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.37% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZALX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 4.24% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 9.08% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 18.13% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 16.88% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 18.03% | +0.09% |