FZAOX vs. GQSCX
FZAOX (Fidelity Advisor Small Cap Fund Class Z) and GQSCX (Glenmede Quantitative U.S. Small Cap Equity Portfolio) are both Small Cap Blend Equities funds. Over the past 5 years, FZAOX returned 6.56%/yr vs 12.97%/yr for GQSCX. Their correlation of 0.93 means they have usually moved in the same direction. FZAOX charges 0.83%/yr vs 0.85%/yr for GQSCX.
Performance
FZAOX vs. GQSCX - Performance Comparison
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Returns By Period
In the year-to-date period, FZAOX achieves a 19.96% return, which is significantly lower than GQSCX's 26.14% return.
FZAOX
- 1D
- 1.52%
- 1M
- -1.74%
- 6M
- 14.49%
- YTD
- 19.96%
- 1Y
- 33.43%
- 3Y*
- 11.71%
- 5Y*
- 6.56%
- 10Y*
- 10.29%
- ALL TIME*
- 9.68%
GQSCX
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 19.84%
- YTD
- 26.14%
- 1Y
- 53.63%
- 3Y*
- 18.61%
- 5Y*
- 12.97%
- 10Y*
- —
- ALL TIME*
- 12.04%
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 |
FZAOX vs. GQSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAOX Fidelity Advisor Small Cap Fund Class Z | 19.96% | 12.25% | -0.46% | 18.75% | -20.39% | 31.71% | 17.62% | 32.92% | -16.11% | 1.49% |
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio | 26.14% | 12.22% | 11.49% | 18.94% | -8.48% | 31.77% | 7.60% | 22.17% | -11.32% | 1.07% |
Correlation
The correlation between FZAOX and GQSCX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2017 | 0.93 |
The correlation between FZAOX and GQSCX shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FZAOX vs. GQSCX — Risk / Return Rank
FZAOX
GQSCX
FZAOX vs. GQSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Fund Class Z (FZAOX) and Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX). 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.
| FZAOX | GQSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 5.63 | -2.42 |
| Martin ratioReturn relative to average drawdown | 11.35 | 21.36 | -10.01 |
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Drawdowns
FZAOX vs. GQSCX - Drawdown Comparison
The maximum FZAOX drawdown since its inception was -40.41%, smaller than the maximum GQSCX drawdown of -46.87%. Use the drawdown chart below to compare losses from any high point for FZAOX and GQSCX.
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Drawdown Indicators
| FZAOX | GQSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.41% | -46.87% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -8.74% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -34.21% | -28.83% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -34.21% | -28.83% | -5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -40.41% | — | — |
Current DrawdownCurrent decline from peak | -4.32% | -0.97% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -8.03% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.32% | +0.32% |
Volatility
FZAOX vs. GQSCX - Volatility Comparison
Fidelity Advisor Small Cap Fund Class Z (FZAOX) has a higher volatility of 4.42% compared to Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX) at 3.29%. This indicates that FZAOX's price experiences larger fluctuations and is considered to be riskier than GQSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAOX | GQSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.29% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 12.54% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 18.10% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.07% | 21.75% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 24.66% | -2.74% |
FZAOX vs. GQSCX - Expense Ratio Comparison
FZAOX has a 0.83% expense ratio, which is lower than GQSCX's 0.85% expense ratio.
Dividends
FZAOX vs. GQSCX - Dividend Comparison
FZAOX's dividend yield for the trailing twelve months is around 1.34%, less than GQSCX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAOX Fidelity Advisor Small Cap Fund Class Z | 1.34% | 1.61% | 0.00% | 1.16% | 4.61% | 9.90% | 2.38% | 3.53% | 13.09% | 12.80% | 2.61% | 7.78% |
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio | 2.62% | 3.01% | 10.53% | 0.70% | 9.45% | 10.41% | 0.51% | 0.59% | 0.77% | 0.14% | 0.00% | 0.00% |
Frequently Asked Questions
FZAOX and GQSCX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZAOX has higher volatility (4.42%) compared to GQSCX (3.29%). In terms of maximum drawdown, FZAOX dropped -40.41% vs GQSCX's -46.87%.
GQSCX currently has the higher Sharpe Ratio (2.72 vs 1.63), 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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