VSEQX vs. FZAMX
VSEQX (Vanguard Strategic Equity Fund) and FZAMX (Fidelity Advisor Mid Cap II Fund Class Z) are both Mid Cap Blend Equities funds. Over the past 10 years, VSEQX returned 13.64%/yr vs 13.17%/yr for FZAMX. With a 0.97 correlation, they move nearly in lockstep. VSEQX charges 0.17%/yr vs 0.61%/yr for FZAMX.
Performance
VSEQX vs. FZAMX - Performance Comparison
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Returns By Period
In the year-to-date period, VSEQX achieves a 17.17% return, which is significantly lower than FZAMX's 24.30% return. Both investments have delivered pretty close results over the past 10 years, with VSEQX having a 13.64% annualized return and FZAMX not far behind at 13.17%.
VSEQX
- 1D
- -0.43%
- 1M
- 3.02%
- YTD
- 17.17%
- 6M
- 14.93%
- 1Y
- 33.64%
- 3Y*
- 21.33%
- 5Y*
- 12.13%
- 10Y*
- 13.64%
FZAMX
- 1D
- -1.36%
- 1M
- 5.33%
- YTD
- 24.30%
- 6M
- 21.50%
- 1Y
- 39.21%
- 3Y*
- 21.84%
- 5Y*
- 11.75%
- 10Y*
- 13.17%
VSEQX vs. FZAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSEQX Vanguard Strategic Equity Fund | 17.17% | 15.32% | 16.67% | 19.31% | -11.90% | 30.83% | 10.26% | 26.76% | -11.86% | 12.36% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 24.30% | 12.00% | 17.39% | 15.15% | -14.70% | 25.40% | 18.84% | 23.85% | -14.85% | 20.78% |
Correlation
The correlation between VSEQX and FZAMX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013 | 0.97 |
The correlation between VSEQX and FZAMX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
VSEQX vs. FZAMX — Risk / Return Rank
VSEQX
FZAMX
VSEQX vs. FZAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Strategic Equity Fund (VSEQX) and Fidelity Advisor Mid Cap II Fund Class Z (FZAMX). 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.
| VSEQX | FZAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.67 | 4.15 | +0.52 |
| Martin ratioReturn relative to average drawdown | 17.94 | 16.59 | +1.35 |
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Drawdowns
VSEQX vs. FZAMX - Drawdown Comparison
The maximum VSEQX drawdown since its inception was -63.55%, which is greater than FZAMX's maximum drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for VSEQX and FZAMX.
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Drawdown Indicators
| VSEQX | FZAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.55% | -42.32% | -21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -9.77% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -25.24% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -25.24% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -42.32% | -1.76% |
Current DrawdownCurrent decline from peak | -0.48% | -1.36% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -6.06% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.44% | -0.46% |
Volatility
VSEQX vs. FZAMX - Volatility Comparison
The current volatility for Vanguard Strategic Equity Fund (VSEQX) is 4.44%, while Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) has a volatility of 5.85%. This indicates that VSEQX experiences smaller price fluctuations and is considered to be less risky than FZAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSEQX | FZAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 5.85% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 14.25% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 17.74% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 20.30% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 20.93% | +0.48% |
VSEQX vs. FZAMX - Expense Ratio Comparison
VSEQX has a 0.17% expense ratio, which is lower than FZAMX's 0.61% expense ratio.
Dividends
VSEQX vs. FZAMX - Dividend Comparison
VSEQX's dividend yield for the trailing twelve months is around 9.52%, more than FZAMX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 5.67% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
VSEQX Vanguard Strategic Equity Fund | 9.52% | 11.16% | 11.36% | 6.11% | 11.77% | 21.36% | 1.77% | 2.92% | 10.34% | 7.05% | 3.13% | 12.28% |
Frequently Asked Questions
With a correlation of 0.94, VSEQX and FZAMX 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.
FZAMX has higher volatility (5.85%) compared to VSEQX (4.44%). In terms of maximum drawdown, VSEQX dropped -63.55% vs FZAMX's -42.32%.
VSEQX currently has the higher Sharpe Ratio (2.32 vs 2.29), 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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