FZALX vs. GDE
FZALX (Fidelity Advisor Mega Cap Stock Fund Class Z) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both funds - FZALX is a Large Cap Blend Equities fund managed by Fidelity, while GDE is a Gold fund actively managed by WisdomTree. Over the past 3 years, FZALX returned 25.22%/yr vs 40.84%/yr for GDE. A 0.64 correlation means they provide meaningful diversification when combined. FZALX charges 0.51%/yr vs 0.20%/yr for GDE.
Performance
FZALX vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, FZALX achieves a 9.32% return, which is significantly higher than GDE's -0.50% return.
FZALX
- 1D
- -0.76%
- 1M
- -0.12%
- YTD
- 9.32%
- 6M
- 8.79%
- 1Y
- 28.19%
- 3Y*
- 25.22%
- 5Y*
- 16.52%
- 10Y*
- 17.07%
GDE
- 1D
- -3.14%
- 1M
- -10.04%
- YTD
- -0.50%
- 6M
- -5.03%
- 1Y
- 37.19%
- 3Y*
- 40.84%
- 5Y*
- —
- 10Y*
- —
FZALX vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 9.32% | 27.07% | 26.13% | 26.63% | -7.20% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -0.50% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between FZALX and GDE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.64 |
The correlation between FZALX and GDE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
FZALX vs. GDE — Risk / Return Rank
FZALX
GDE
FZALX vs. GDE - 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 WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.
| FZALX | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.65 | +1.60 |
| Martin ratioReturn relative to average drawdown | 14.45 | 4.59 | +9.86 |
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Drawdowns
FZALX vs. GDE - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for FZALX and GDE.
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Drawdown Indicators
| FZALX | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -32.01% | -3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -22.66% | +13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -22.66% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -19.50% | +18.08% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -7.97% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 8.12% | -6.10% |
Volatility
FZALX vs. GDE - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 4.35%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 11.41%. This indicates that FZALX experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZALX | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 11.41% | -7.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 26.51% | -16.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 30.33% | -17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 27.15% | -10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 27.15% | -8.98% |
FZALX vs. GDE - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
FZALX vs. GDE - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 3.69%, less than GDE's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 3.69% | 4.04% | 2.83% | 2.17% | 4.51% | 4.92% | 8.14% | 13.19% | 21.94% | 16.56% | 2.12% | 4.33% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.34% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FZALX and GDE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (11.41%) compared to FZALX (4.35%). In terms of maximum drawdown, FZALX dropped -35.23% vs GDE's -32.01%.
FZALX currently has the higher Sharpe Ratio (2.33 vs 1.23), 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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