MSTQX vs. FGJEX

Last updated Apr 2, 2026

Compare and contrast key facts about Morningstar U.S. Equity Fund (MSTQX) and Fidelity Advisor Growth & Income Fund Class Z (FGJEX).

MSTQX is managed by Morningstar. It was launched on Nov 2, 2018. FGJEX is an actively managed fund by Fidelity. It was launched on Mar 20, 2025.

Performance

MSTQX vs. FGJEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar U.S. Equity Fund (MSTQX) and Fidelity Advisor Growth & Income Fund Class Z (FGJEX). The values are adjusted to include any dividend payments, if applicable.

MSTQX vs. FGJEX - Yearly Performance Comparison

	2026 (YTD)	2025
MSTQX Morningstar U.S. Equity Fund	-3.68%	-0.40%
FGJEX Fidelity Advisor Growth & Income Fund Class Z	-0.45%	24.15%

Returns By Period

In the year-to-date period, MSTQX achieves a -3.68% return, which is significantly lower than FGJEX's -0.45% return.

MSTQX

• 1D: 2.40%
• 1M: -5.58%
• YTD: -3.68%
• 6M: -18.05%
• 1Y: -6.17%
• 3Y*: 8.23%
• 5Y*: 5.24%
• 10Y*: —

FGJEX

• 1D: 2.61%
• 1M: -4.79%
• YTD: -0.45%
• 6M: 3.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTQX vs. FGJEX - Expense Ratio Comparison

MSTQX has a 0.85% expense ratio, which is higher than FGJEX's 0.46% expense ratio.

MSTQX

Morningstar U.S. Equity Fund

FGJEX

Fidelity Advisor Growth & Income Fund Class Z

Return for Risk

MSTQX vs. FGJEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSTQX

MSTQX Risk / Return Rank: 2
MSTQX Sharpe Ratio Rank: 2
MSTQX Sortino Ratio Rank: 2
MSTQX Omega Ratio Rank: 2
MSTQX Calmar Ratio Rank: 2
MSTQX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSTQX vs. FGJEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) and Fidelity Advisor Growth & Income Fund Class Z (FGJEX). 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.

	MSTQX	FGJEX	Difference
Sharpe ratio Return per unit of total volatility	-0.29	—	—
Sortino ratio Return per unit of downside risk	-0.21	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.47	—	—
Martin ratio Return relative to average drawdown	-1.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSTQX	FGJEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	2.34	-1.94

Correlation

The correlation between MSTQX and FGJEX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSTQX vs. FGJEX - Dividend Comparison

MSTQX's dividend yield for the trailing twelve months is around 0.71%, less than FGJEX's 9.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MSTQX Morningstar U.S. Equity Fund	0.71%	0.69%	10.80%	4.21%	9.79%	15.98%	2.15%	2.04%	0.17%
FGJEX Fidelity Advisor Growth & Income Fund Class Z	9.63%	9.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MSTQX vs. FGJEX - Drawdown Comparison

The maximum MSTQX drawdown since its inception was -36.23%, which is greater than FGJEX's maximum drawdown of -8.32%. Use the drawdown chart below to compare losses from any high point for MSTQX and FGJEX.

Drawdown Indicators

	MSTQX	FGJEX	Difference
Max Drawdown Largest peak-to-trough decline	-36.23%	-8.32%	-27.91%
Max Drawdown (1Y) Largest decline over 1 year	-21.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.61%	—	—
Current Drawdown Current decline from peak	-19.69%	-5.93%	-13.76%
Average Drawdown Average peak-to-trough decline	-6.08%	-1.07%	-5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.64%	—	—

Volatility

Volatility by Period

	MSTQX	FGJEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.05%	11.08%	+13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	11.08%	+7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.87%	11.08%	+9.79%