FZALX vs. MGC
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Vanguard Mega Cap ETF (MGC).
FZALX is managed by Fidelity. It was launched on Aug 13, 2013. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007.
Performance
FZALX vs. MGC - Performance Comparison
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FZALX vs. MGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | -2.10% | 27.07% | 26.13% | 26.63% | -8.89% | 26.44% | 13.06% | 31.25% | -7.31% | 18.01% |
MGC Vanguard Mega Cap ETF | -4.86% | 19.31% | 27.16% | 29.77% | -19.95% | 27.58% | 21.57% | 31.14% | -3.45% | 22.61% |
Returns By Period
In the year-to-date period, FZALX achieves a -2.10% return, which is significantly higher than MGC's -4.86% return. Over the past 10 years, FZALX has outperformed MGC with an annualized return of 15.57%, while MGC has yielded a comparatively lower 14.78% annualized return.
FZALX
- 1D
- 3.12%
- 1M
- -4.71%
- YTD
- -2.10%
- 6M
- 2.52%
- 1Y
- 26.49%
- 3Y*
- 22.61%
- 5Y*
- 15.05%
- 10Y*
- 15.57%
MGC
- 1D
- 0.81%
- 1M
- -4.09%
- YTD
- -4.86%
- 6M
- -2.26%
- 1Y
- 18.99%
- 3Y*
- 19.96%
- 5Y*
- 12.41%
- 10Y*
- 14.78%
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FZALX vs. MGC - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than MGC's 0.05% expense ratio.
Return for Risk
FZALX vs. MGC — Risk / Return Rank
FZALX
MGC
FZALX vs. MGC - 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 Vanguard Mega Cap ETF (MGC). 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 | MGC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.01 | +0.46 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.56 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.64 | +0.62 |
Martin ratioReturn relative to average drawdown | 10.48 | 7.19 | +3.30 |
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 | MGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.01 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.72 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.82 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.56 | +0.25 |
Correlation
The correlation between FZALX and MGC is 0.93, 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. MGC - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 4.12%, more than MGC's 1.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 4.12% | 4.04% | 2.83% | 2.17% | 4.51% | 4.92% | 8.14% | 13.19% | 21.94% | 16.56% | 2.12% | 4.33% |
MGC Vanguard Mega Cap ETF | 1.01% | 0.93% | 1.15% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% |
Drawdowns
FZALX vs. MGC - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, smaller than the maximum MGC drawdown of -51.93%. Use the drawdown chart below to compare losses from any high point for FZALX and MGC.
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Drawdown Indicators
| FZALX | MGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -51.93% | +16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -11.93% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -25.74% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -33.07% | -2.16% |
Current DrawdownCurrent decline from peak | -6.15% | -6.33% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -7.12% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.72% | -0.10% |
Volatility
FZALX vs. MGC - Volatility Comparison
Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Vanguard Mega Cap ETF (MGC) have volatilities of 5.55% and 5.54%, 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 | MGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 5.54% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 9.86% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 18.80% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 17.26% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 18.19% | -0.05% |