JUESX vs. FZALX

Last updated Aug 1, 2026

JUESX (JPMorgan US Equity Fund Class I) and FZALX (Fidelity Advisor Mega Cap Stock Fund Class Z) are both Large Cap Blend Equities funds. Over the past 10 years, JUESX returned 15.16%/yr vs 16.39%/yr for FZALX. Their correlation of 0.93 means they have usually moved in the same direction. JUESX charges 0.69%/yr vs 0.51%/yr for FZALX.

Performance

JUESX vs. FZALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan US Equity Fund Class I (JUESX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUESX achieves a 2.98% return, which is significantly lower than FZALX's 10.77% return. Over the past 10 years, JUESX has underperformed FZALX with an annualized return of 15.16%, while FZALX has yielded a comparatively higher 16.39% annualized return.

JUESX

• 1D: 1.77%
• 1M: -1.36%
• 6M: 2.45%
• YTD: 2.98%
• 1Y: 10.50%
• 3Y*: 17.56%
• 5Y*: 11.70%
• 10Y*: 15.16%
• ALL TIME*: 7.49%

FZALX

• 1D: 2.14%
• 1M: 0.20%
• 6M: 7.48%
• YTD: 10.77%
• 1Y: 23.66%
• 3Y*: 22.95%
• 5Y*: 16.54%
• 10Y*: 16.39%
• ALL TIME*: 14.68%

*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)
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	$0.00	$0.00	$0.00
JUESX JPMorgan US Equity Fund Class I	$0.00	$0.00	$0.00

JUESX vs. FZALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JUESX JPMorgan US Equity Fund Class I	2.98%	14.39%	31.07%	27.06%	-18.95%	28.33%	26.17%	32.02%	-6.01%	21.40%
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	10.77%	27.07%	26.13%	26.63%	-8.89%	26.44%	13.06%	31.25%	-7.31%	18.01%

Correlation

The correlation between JUESX and FZALX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013	0.93

The correlation between JUESX and FZALX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

JUESX vs. FZALX — Risk / Return Rank

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

JUESX

JUESX Risk / Return Rank: 16
JUESX Sharpe Ratio Rank: 16
JUESX Sortino Ratio Rank: 15
JUESX Omega Ratio Rank: 16
JUESX Calmar Ratio Rank: 14
JUESX Martin Ratio Rank: 19

FZALX

FZALX Risk / Return Rank: 73
FZALX Sharpe Ratio Rank: 71
FZALX Sortino Ratio Rank: 69
FZALX Omega Ratio Rank: 68
FZALX Calmar Ratio Rank: 74
FZALX Martin Ratio Rank: 83

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.

JUESX vs. FZALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Equity Fund Class I (JUESX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX). 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.

	JUESX	FZALX	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.66	-1.02
Sortino ratio: Return per unit of downside risk	0.97	2.35	-1.38
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.17
Calmar ratio: Return relative to maximum drawdown	0.72	2.38	-1.66
Martin ratio: Return relative to average drawdown	2.75	10.28	-7.53

JUESX vs. FZALX - Sharpe Ratio Comparison

The current JUESX Sharpe Ratio is 0.64, which is lower than the FZALX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of JUESX and FZALX, 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

JUESX vs. FZALX - Drawdown Comparison

The maximum JUESX drawdown since its inception was -58.74%, which is greater than FZALX's maximum drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for JUESX and FZALX.

Drawdown Indicators

	JUESX	FZALX	Difference
Max Drawdown Largest peak-to-trough decline	-58.74%	-35.23%	-23.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	-8.99%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-18.49%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-24.69%	-23.25%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-33.41%	-35.23%	+1.82%
Current Drawdown Current decline from peak	-3.18%	-1.41%	-1.77%
Average Drawdown Average peak-to-trough decline	-12.03%	-3.75%	-8.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.08%	+1.05%

Volatility

JUESX vs. FZALX - Volatility Comparison

JPMorgan US Equity Fund Class I (JUESX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) have volatilities of 3.69% and 3.63%, 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

	JUESX	FZALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	3.63%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	9.97%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	12.86%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	16.72%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	18.10%	+0.46%

JUESX vs. FZALX - Expense Ratio Comparison

JUESX has a 0.69% expense ratio, which is higher than FZALX's 0.51% expense ratio.

Dividends

JUESX vs. FZALX - Dividend Comparison

JUESX's dividend yield for the trailing twelve months is around 5.54%, more than FZALX's 3.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	3.64%	4.04%	2.83%	2.17%	4.51%	4.92%	8.14%	13.19%	21.94%	16.56%	2.12%	4.33%
JUESX JPMorgan US Equity Fund Class I	5.54%	5.73%	11.92%	1.94%	4.97%	10.64%	6.38%	9.92%	14.45%	8.60%	4.64%	5.94%

Frequently Asked Questions

Can I hold both JUESX and FZALX in my portfolio?

With a correlation of 0.94, JUESX and FZALX 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, JUESX or FZALX?

JUESX has higher volatility (3.69%) compared to FZALX (3.63%). In terms of maximum drawdown, JUESX dropped -58.74% vs FZALX's -35.23%.

Which has better risk-adjusted returns?

FZALX currently has the higher Sharpe Ratio (1.66 vs 0.64), 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.