FZAMX vs. ERASX
FZAMX (Fidelity Advisor Mid Cap II Fund Class Z) and ERASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) are both Mid Cap Blend Equities funds. Over the past 10 years, FZAMX returned 12.19%/yr vs 11.20%/yr for ERASX. Their correlation of 0.88 means they have usually moved in the same direction. FZAMX charges 0.61%/yr vs 0.81%/yr for ERASX.
Performance
FZAMX vs. ERASX - Performance Comparison
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Returns By Period
In the year-to-date period, FZAMX achieves a 21.69% return, which is significantly higher than ERASX's 5.31% return. Over the past 10 years, FZAMX has outperformed ERASX with an annualized return of 12.19%, while ERASX has yielded a comparatively lower 11.20% annualized return.
FZAMX
- 1D
- 1.77%
- 1M
- -2.80%
- 6M
- 15.92%
- YTD
- 21.69%
- 1Y
- 34.39%
- 3Y*
- 17.98%
- 5Y*
- 11.32%
- 10Y*
- 12.19%
- ALL TIME*
- 11.23%
ERASX
- 1D
- -1.06%
- 1M
- 3.34%
- 6M
- 3.97%
- YTD
- 5.31%
- 1Y
- 2.49%
- 3Y*
- 7.00%
- 5Y*
- 5.16%
- 10Y*
- 11.20%
- ALL TIME*
- 11.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FZAMX vs. ERASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 21.69% | 12.00% | 17.39% | 15.15% | -14.70% | 25.40% | 18.84% | 23.85% | -14.85% | 20.78% |
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 5.31% | -5.59% | 17.74% | 14.08% | -8.72% | 22.10% | 11.40% | 44.21% | -5.47% | 24.82% |
Correlation
The correlation between FZAMX and ERASX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.88 |
Over the past year, the correlation between FZAMX and ERASX has dropped to 0.54 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
FZAMX vs. ERASX — Risk / Return Rank
FZAMX
ERASX
FZAMX vs. ERASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) and Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX). 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.
| FZAMX | ERASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.00 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | -0.09 | +3.33 |
| Martin ratioReturn relative to average drawdown | 11.76 | -0.19 | +11.95 |
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Drawdowns
FZAMX vs. ERASX - Drawdown Comparison
The maximum FZAMX drawdown since its inception was -42.32%, which is greater than ERASX's maximum drawdown of -39.94%. Use the drawdown chart below to compare losses from any high point for FZAMX and ERASX.
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Drawdown Indicators
| FZAMX | ERASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.32% | -39.94% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -12.67% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -25.24% | -19.36% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -19.77% | -5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -39.94% | -2.38% |
Current DrawdownCurrent decline from peak | -5.39% | -6.30% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -5.14% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 6.38% | -3.69% |
Volatility
FZAMX vs. ERASX - Volatility Comparison
The current volatility for Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) is 4.56%, while Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX) has a volatility of 5.63%. This indicates that FZAMX experiences smaller price fluctuations and is considered to be less risky than ERASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAMX | ERASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 5.63% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 12.10% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 16.16% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 17.15% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 18.94% | +1.97% |
FZAMX vs. ERASX - Expense Ratio Comparison
FZAMX has a 0.61% expense ratio, which is lower than ERASX's 0.81% expense ratio.
Dividends
FZAMX vs. ERASX - Dividend Comparison
FZAMX's dividend yield for the trailing twelve months is around 5.79%, less than ERASX's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 6.11% | 6.44% | 7.29% | 2.82% | 10.26% | 10.40% | 9.73% | 13.15% | 7.16% | 3.29% | 3.57% | 6.68% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 5.79% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
Frequently Asked Questions
FZAMX and ERASX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERASX has higher volatility (5.63%) compared to FZAMX (4.56%). In terms of maximum drawdown, FZAMX dropped -42.32% vs ERASX's -39.94%.
FZAMX currently has the higher Sharpe Ratio (1.75 vs -0.07), 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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