FZAMX vs. SPLG
Compare and contrast key facts about Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) and SPDR Portfolio S&P 500 ETF (SPLG).
FZAMX is managed by Fidelity. It was launched on Aug 13, 2013. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZAMX or SPLG.
Correlation
The correlation between FZAMX and SPLG is 0.84, 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.
Performance
FZAMX vs. SPLG - Performance Comparison
Key characteristics
FZAMX:
0.33
SPLG:
1.74
FZAMX:
0.55
SPLG:
2.35
FZAMX:
1.07
SPLG:
1.32
FZAMX:
0.28
SPLG:
2.62
FZAMX:
1.27
SPLG:
10.86
FZAMX:
4.45%
SPLG:
2.03%
FZAMX:
17.11%
SPLG:
12.71%
FZAMX:
-48.16%
SPLG:
-54.52%
FZAMX:
-14.65%
SPLG:
-1.05%
Returns By Period
In the year-to-date period, FZAMX achieves a -0.78% return, which is significantly lower than SPLG's 2.96% return. Over the past 10 years, FZAMX has underperformed SPLG with an annualized return of 2.49%, while SPLG has yielded a comparatively higher 13.22% annualized return.
FZAMX
-0.78%
-1.07%
1.52%
7.08%
3.83%
2.49%
SPLG
2.96%
3.76%
11.71%
23.74%
14.16%
13.22%
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FZAMX vs. SPLG - Expense Ratio Comparison
FZAMX has a 0.61% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
FZAMX vs. SPLG — Risk-Adjusted Performance Rank
FZAMX
SPLG
FZAMX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
FZAMX vs. SPLG - Dividend Comparison
FZAMX's dividend yield for the trailing twelve months is around 0.58%, less than SPLG's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 0.58% | 0.57% | 0.52% | 0.50% | 0.44% | 0.47% | 0.78% | 0.77% | 0.68% | 0.64% | 0.28% | 15.88% |
SPLG SPDR Portfolio S&P 500 ETF | 1.24% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
FZAMX vs. SPLG - Drawdown Comparison
The maximum FZAMX drawdown since its inception was -48.16%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for FZAMX and SPLG. For additional features, visit the drawdowns tool.
Volatility
FZAMX vs. SPLG - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) has a higher volatility of 6.63% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.42%. This indicates that FZAMX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.