JGVVX vs. FZAFX

Last updated Aug 4, 2026

JGVVX (JPMorgan Growth Advantage Fund) and FZAFX (Fidelity Advisor Equity Growth Fund Class Z) are both Large Cap Growth Equities funds. Over the past 10 years, JGVVX returned 18.60%/yr vs 17.11%/yr for FZAFX. Their 0.97 correlation means they have historically moved very closely together. JGVVX charges 0.55%/yr vs 0.60%/yr for FZAFX.

Performance

JGVVX vs. FZAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Growth Advantage Fund (JGVVX) and Fidelity Advisor Equity Growth Fund Class Z (FZAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGVVX achieves a -0.79% return, which is significantly lower than FZAFX's 7.38% return. Over the past 10 years, JGVVX has outperformed FZAFX with an annualized return of 18.60%, while FZAFX has yielded a comparatively lower 17.11% annualized return.

JGVVX

• 1D: 0.64%
• 1M: -3.26%
• 6M: 0.66%
• YTD: -0.79%
• 1Y: 6.77%
• 3Y*: 19.55%
• 5Y*: 11.03%
• 10Y*: 18.60%
• ALL TIME*: 16.30%

FZAFX

• 1D: 1.04%
• 1M: -2.41%
• 6M: 5.89%
• YTD: 7.38%
• 1Y: 14.78%
• 3Y*: 15.97%
• 5Y*: 9.74%
• 10Y*: 17.11%
• ALL TIME*: 15.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FZAFX Fidelity Advisor Equity Growth Fund Class Z	$0.00	$0.00	$0.00
JGVVX JPMorgan Growth Advantage Fund	$0.00	$0.00	$0.00

JGVVX vs. FZAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGVVX JPMorgan Growth Advantage Fund	-0.79%	16.04%	38.86%	40.48%	-29.88%	22.23%	54.00%	36.59%	-1.01%	35.83%
FZAFX Fidelity Advisor Equity Growth Fund Class Z	7.38%	14.68%	18.15%	35.80%	-24.36%	23.09%	43.86%	35.68%	0.36%	35.37%

Correlation

The correlation between JGVVX and FZAFX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.97

The correlation between JGVVX and FZAFX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

JGVVX vs. FZAFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JGVVX

JGVVX Risk / Return Rank: 7
JGVVX Sharpe Ratio Rank: 7
JGVVX Sortino Ratio Rank: 7
JGVVX Omega Ratio Rank: 7
JGVVX Calmar Ratio Rank: 7
JGVVX Martin Ratio Rank: 7

FZAFX

FZAFX Risk / Return Rank: 17
FZAFX Sharpe Ratio Rank: 15
FZAFX Sortino Ratio Rank: 15
FZAFX Omega Ratio Rank: 16
FZAFX Calmar Ratio Rank: 19
FZAFX Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JGVVX vs. FZAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Growth Advantage Fund (JGVVX) and Fidelity Advisor Equity Growth Fund Class Z (FZAFX). 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.

	JGVVX	FZAFX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	0.66	-0.39
Sortino ratio: Return per unit of downside risk	0.49	1.01	-0.52
Omega ratio: Gain probability vs. loss probability	1.06	1.13	-0.07
Calmar ratio: Return relative to maximum drawdown	0.31	0.99	-0.68
Martin ratio: Return relative to average drawdown	0.89	3.18	-2.29

JGVVX vs. FZAFX - Sharpe Ratio Comparison

The current JGVVX Sharpe Ratio is 0.27, which is lower than the FZAFX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of JGVVX and FZAFX, 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

JGVVX vs. FZAFX - Drawdown Comparison

The maximum JGVVX drawdown since its inception was -34.92%, which is greater than FZAFX's maximum drawdown of -31.13%. Use the drawdown chart below to compare losses from any high point for JGVVX and FZAFX.

Drawdown Indicators

	JGVVX	FZAFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.92%	-31.13%	-3.79%
Max Drawdown (1Y) Largest decline over 1 year	-15.58%	-12.55%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-24.31%	-29.19%	+4.88%
Max Drawdown (5Y) Largest decline over 5 years	-34.92%	-29.73%	-5.19%
Max Drawdown (10Y) Largest decline over 10 years	-34.92%	-31.13%	-3.79%
Current Drawdown Current decline from peak	-8.09%	-7.06%	-1.03%
Average Drawdown Average peak-to-trough decline	-6.42%	-5.77%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	3.88%	+1.45%

Volatility

JGVVX vs. FZAFX - Volatility Comparison

JPMorgan Growth Advantage Fund (JGVVX) and Fidelity Advisor Equity Growth Fund Class Z (FZAFX) have volatilities of 6.68% and 6.45%, 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

	JGVVX	FZAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	6.45%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	15.42%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	18.81%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	21.02%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	20.92%	+1.32%

JGVVX vs. FZAFX - Expense Ratio Comparison

JGVVX has a 0.55% expense ratio, which is lower than FZAFX's 0.60% expense ratio.

Dividends

JGVVX vs. FZAFX - Dividend Comparison

JGVVX's dividend yield for the trailing twelve months is around 11.14%, more than FZAFX's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZAFX Fidelity Advisor Equity Growth Fund Class Z	0.48%	0.51%	0.00%	0.48%	1.93%	11.39%	10.84%	9.53%	6.38%	11.66%	5.87%	0.00%
JGVVX JPMorgan Growth Advantage Fund	11.14%	11.06%	11.21%	0.58%	0.38%	14.11%	9.86%	9.28%	9.37%	4.04%	0.00%	3.42%

Frequently Asked Questions

Can I hold both JGVVX and FZAFX in my portfolio?

With a correlation of 0.97, JGVVX and FZAFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JGVVX or FZAFX?

JGVVX has higher volatility (6.68%) compared to FZAFX (6.45%). In terms of maximum drawdown, JGVVX dropped -34.92% vs FZAFX's -31.13%.

Which has better risk-adjusted returns?

FZAFX currently has the higher Sharpe Ratio (0.66 vs 0.27), 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.