FZALX vs. MGK
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Vanguard Mega Cap Growth ETF (MGK).
FZALX is managed by Fidelity. It was launched on Aug 13, 2013. MGK is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Growth Index. It was launched on Dec 17, 2007.
Performance
FZALX vs. MGK - Performance Comparison
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FZALX vs. MGK - 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% |
MGK Vanguard Mega Cap Growth ETF | -9.86% | 20.67% | 32.94% | 51.67% | -33.59% | 28.58% | 41.01% | 37.38% | -2.91% | 29.49% |
Returns By Period
In the year-to-date period, FZALX achieves a -2.10% return, which is significantly higher than MGK's -9.86% return. Over the past 10 years, FZALX has underperformed MGK with an annualized return of 15.57%, while MGK has yielded a comparatively higher 16.97% 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%
MGK
- 1D
- 1.17%
- 1M
- -4.13%
- YTD
- -9.86%
- 6M
- -7.94%
- 1Y
- 19.83%
- 3Y*
- 22.59%
- 5Y*
- 12.64%
- 10Y*
- 16.97%
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FZALX vs. MGK - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than MGK's 0.05% expense ratio.
Return for Risk
FZALX vs. MGK — Risk / Return Rank
FZALX
MGK
FZALX vs. MGK - 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 Growth ETF (MGK). 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 | MGK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 0.85 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.39 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.23 | +1.03 |
Martin ratioReturn relative to average drawdown | 10.48 | 4.27 | +6.22 |
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 | MGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.85 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.56 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.78 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.60 | +0.20 |
Correlation
The correlation between FZALX and MGK is 0.83, 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. MGK - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 4.12%, more than MGK's 0.39% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.39% | 0.35% | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% |
Drawdowns
FZALX vs. MGK - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, smaller than the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for FZALX and MGK.
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Drawdown Indicators
| FZALX | MGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -47.97% | +12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -16.85% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -36.01% | +12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -36.01% | +0.78% |
Current DrawdownCurrent decline from peak | -6.15% | -12.56% | +6.41% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -7.51% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 4.87% | -2.25% |
Volatility
FZALX vs. MGK - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 5.55%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 7.13%. This indicates that FZALX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZALX | MGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.13% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 12.93% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 23.35% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 22.63% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 21.82% | -3.68% |