FZALX vs. SGOIX

Last updated Jun 25, 2026

FZALX (Fidelity Advisor Mega Cap Stock Fund Class Z) and SGOIX (First Eagle Overseas Fund Class I) are both Large Cap Blend Equities funds. Over the past 10 years, FZALX returned 16.92%/yr vs 8.47%/yr for SGOIX. A 0.67 correlation means they provide meaningful diversification when combined. FZALX charges 0.51%/yr vs 0.88%/yr for SGOIX.

Performance

FZALX vs. SGOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and First Eagle Overseas Fund Class I (SGOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FZALX achieves a 7.93% return, which is significantly higher than SGOIX's 6.10% return. Over the past 10 years, FZALX has outperformed SGOIX with an annualized return of 16.92%, while SGOIX has yielded a comparatively lower 8.47% annualized return.

FZALX

• 1D: -1.27%
• 1M: -1.38%
• YTD: 7.93%
• 6M: 7.07%
• 1Y: 25.29%
• 3Y*: 24.69%
• 5Y*: 16.02%
• 10Y*: 16.92%

SGOIX

• 1D: -1.57%
• 1M: -3.06%
• YTD: 6.10%
• 6M: 5.69%
• 1Y: 23.68%
• 3Y*: 17.72%
• 5Y*: 9.67%
• 10Y*: 8.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FZALX vs. SGOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	7.93%	27.07%	26.13%	26.63%	-8.89%	26.44%	13.06%	31.25%	-7.31%	18.01%
SGOIX First Eagle Overseas Fund Class I	6.10%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%

Correlation

The correlation between FZALX and SGOIX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013	0.67

The correlation between FZALX and SGOIX has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

Return for Risk

FZALX vs. SGOIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZALX

FZALX Risk / Return Rank: 66
FZALX Sharpe Ratio Rank: 65
FZALX Sortino Ratio Rank: 62
FZALX Omega Ratio Rank: 59
FZALX Calmar Ratio Rank: 69
FZALX Martin Ratio Rank: 77

SGOIX

SGOIX Risk / Return Rank: 43
SGOIX Sharpe Ratio Rank: 51
SGOIX Sortino Ratio Rank: 44
SGOIX Omega Ratio Rank: 52
SGOIX Calmar Ratio Rank: 37
SGOIX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FZALX vs. SGOIX - 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 First Eagle Overseas Fund Class I (SGOIX). 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	SGOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.92	+0.20
Sortino ratio: Return per unit of downside risk	2.93	2.55	+0.38
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	2.97	2.17	+0.80
Martin ratio: Return relative to average drawdown	13.14	6.92	+6.21

FZALX vs. SGOIX - Sharpe Ratio Comparison

The current FZALX Sharpe Ratio is 2.12, which is comparable to the SGOIX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FZALX and SGOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FZALX vs. SGOIX - Drawdown Comparison

The maximum FZALX drawdown since its inception was -35.23%, roughly equal to the maximum SGOIX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for FZALX and SGOIX.

Drawdown Indicators

	FZALX	SGOIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.23%	-35.54%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-11.35%	+2.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-11.35%	-7.14%
Max Drawdown (5Y) Largest decline over 5 years	-23.25%	-20.21%	-3.04%
Max Drawdown (10Y) Largest decline over 10 years	-35.23%	-24.79%	-10.44%
Current Drawdown Current decline from peak	-2.67%	-6.89%	+4.22%
Average Drawdown Average peak-to-trough decline	-3.77%	-4.57%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	3.55%	-1.52%

Volatility

FZALX vs. SGOIX - Volatility Comparison

Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and First Eagle Overseas Fund Class I (SGOIX) have volatilities of 4.53% and 4.37%, 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.

Volatility by Period

	FZALX	SGOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	4.37%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	11.02%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	12.80%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	12.02%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	11.43%	+6.69%

FZALX vs. SGOIX - Expense Ratio Comparison

FZALX has a 0.51% expense ratio, which is lower than SGOIX's 0.88% expense ratio.

Dividends

FZALX vs. SGOIX - Dividend Comparison

FZALX's dividend yield for the trailing twelve months is around 3.74%, less than SGOIX's 7.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	3.74%	4.04%	2.83%	2.17%	4.51%	4.92%	8.14%	13.19%	21.94%	16.56%	2.12%	4.33%
SGOIX First Eagle Overseas Fund Class I	7.97%	8.45%	8.49%	2.45%	3.81%	5.92%	0.47%	5.70%	3.36%	3.59%	3.80%	1.58%

Frequently Asked Questions

Can I hold both FZALX and SGOIX in my portfolio?

FZALX and SGOIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FZALX or SGOIX?

FZALX has higher volatility (4.53%) compared to SGOIX (4.37%). In terms of maximum drawdown, FZALX dropped -35.23% vs SGOIX's -35.54%.

Which has better risk-adjusted returns?

FZALX currently has the higher Sharpe Ratio (2.12 vs 1.92), 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.