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 | -5.06% | 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
The year-to-date returns for both investments are quite close, with FZALX having a -5.06% return and MGC slightly higher at -4.86%. Both investments have delivered pretty close results over the past 10 years, with FZALX having a 15.21% annualized return and MGC not far behind at 14.78%.
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%
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 | 1.31 | 1.01 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.56 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.64 | +0.11 |
Martin ratioReturn relative to average drawdown | 8.19 | 7.19 | +1.01 |
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 | 1.31 | 1.01 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.72 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.82 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.56 | +0.23 |
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 4.25%, 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 | 4.25% | 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 | -8.99% | -6.33% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -7.12% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.72% | -0.13% |
Volatility
FZALX vs. MGC - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 4.37%, while Vanguard Mega Cap ETF (MGC) has a volatility of 5.54%. This indicates that FZALX experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. 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 | 4.37% | 5.54% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 9.86% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 18.80% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 17.26% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 18.19% | -0.07% |