FZALX vs. SPMO
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Invesco S&P 500 Momentum ETF (SPMO).
FZALX is managed by Fidelity. It was launched on Aug 13, 2013. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
FZALX vs. SPMO - Performance Comparison
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FZALX vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, FZALX achieves a -5.06% return, which is significantly higher than SPMO's -5.78% return. Over the past 10 years, FZALX has underperformed SPMO with an annualized return of 15.21%, while SPMO has yielded a comparatively higher 17.16% annualized return.
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%
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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FZALX vs. SPMO - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
FZALX vs. SPMO — Risk / Return Rank
FZALX
SPMO
FZALX vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.98 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.51 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.79 | -0.04 |
Martin ratioReturn relative to average drawdown | 8.19 | 6.36 | +1.84 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.98 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.91 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.85 | -0.06 |
Correlation
The correlation between FZALX and SPMO is 0.71, 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. SPMO - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 4.25%, more than SPMO's 0.91% 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FZALX vs. SPMO - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FZALX and SPMO.
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Drawdown Indicators
| FZALX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -30.95% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.70% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -22.74% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -30.95% | -4.28% |
Current DrawdownCurrent decline from peak | -8.99% | -9.24% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -4.66% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.57% | -0.98% |
Volatility
FZALX vs. SPMO - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 4.37%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that FZALX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZALX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 6.82% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 12.62% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 22.68% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 19.06% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 20.08% | -1.96% |