FZALX vs. ORDNX
FZALX (Fidelity Advisor Mega Cap Stock Fund Class Z) and ORDNX (North Square Preferred and Income Securities Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FZALX returned 17.07%/yr vs 12.00%/yr for ORDNX. A 0.72 correlation means they provide meaningful diversification when combined. FZALX charges 0.51%/yr vs 1.27%/yr for ORDNX.
Performance
FZALX vs. ORDNX - 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 ORDNX's 1.57% return. Over the past 10 years, FZALX has outperformed ORDNX with an annualized return of 17.07%, while ORDNX has yielded a comparatively lower 12.00% annualized 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%
ORDNX
- 1D
- -0.05%
- 1M
- 0.62%
- YTD
- 1.57%
- 6M
- 1.74%
- 1Y
- 5.75%
- 3Y*
- 11.77%
- 5Y*
- 6.91%
- 10Y*
- 12.00%
FZALX vs. ORDNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 9.32% | 27.07% | 26.13% | 26.63% | -8.89% | 26.44% | 13.06% | 31.25% | -7.31% | 18.01% |
ORDNX North Square Preferred and Income Securities Fund | 1.57% | 7.30% | 14.81% | 15.24% | -14.22% | 27.51% | 12.29% | 31.10% | -0.98% | 20.57% |
Correlation
The correlation between FZALX and ORDNX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.72 |
Over the past year, the correlation between FZALX and ORDNX has dropped to 0.49 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
FZALX vs. ORDNX — Risk / Return Rank
FZALX
ORDNX
FZALX vs. ORDNX - 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 North Square Preferred and Income Securities Fund (ORDNX). 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 | ORDNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.54 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.19 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.45 | 9.05 | +5.41 |
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Drawdowns
FZALX vs. ORDNX - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, roughly equal to the maximum ORDNX drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for FZALX and ORDNX.
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Drawdown Indicators
| FZALX | ORDNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -34.40% | -0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -2.66% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -5.70% | -12.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -18.77% | -4.48% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -34.40% | -0.83% |
Current DrawdownCurrent decline from peak | -1.42% | -0.19% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -3.80% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.64% | +1.38% |
Volatility
FZALX vs. ORDNX - Volatility Comparison
Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) has a higher volatility of 4.35% compared to North Square Preferred and Income Securities Fund (ORDNX) at 0.61%. This indicates that FZALX's price experiences larger fluctuations and is considered to be riskier than ORDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZALX | ORDNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 0.61% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 2.00% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 2.29% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 6.60% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 14.17% | +4.00% |
FZALX vs. ORDNX - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is lower than ORDNX's 1.27% expense ratio.
Dividends
FZALX vs. ORDNX - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 3.69%, less than ORDNX's 6.61% 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% |
ORDNX North Square Preferred and Income Securities Fund | 6.61% | 6.99% | 5.50% | 5.72% | 15.30% | 8.48% | 2.77% | 1.85% | 3.13% | 1.22% | 2.65% | 2.98% |
Frequently Asked Questions
FZALX and ORDNX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZALX has higher volatility (4.35%) compared to ORDNX (0.61%). In terms of maximum drawdown, FZALX dropped -35.23% vs ORDNX's -34.40%.
ORDNX currently has the higher Sharpe Ratio (2.55 vs 2.33), 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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