WASMX vs. FZAMX

Last updated Jun 23, 2026

WASMX (Boston Trust Walden SMID Cap Fund) and FZAMX (Fidelity Advisor Mid Cap II Fund Class Z) are both Mid Cap Blend Equities funds. Over the past 10 years, WASMX returned 10.07%/yr vs 12.86%/yr for FZAMX. Their correlation of 0.92 suggests significant overlap in exposure. WASMX charges 1.00%/yr vs 0.61%/yr for FZAMX.

Performance

WASMX vs. FZAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Trust Walden SMID Cap Fund (WASMX) and Fidelity Advisor Mid Cap II Fund Class Z (FZAMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WASMX achieves a 2.87% return, which is significantly lower than FZAMX's 25.16% return. Over the past 10 years, WASMX has underperformed FZAMX with an annualized return of 10.07%, while FZAMX has yielded a comparatively higher 12.86% annualized return.

WASMX

• 1D: 1.09%
• 1M: 1.91%
• YTD: 2.87%
• 6M: 0.97%
• 1Y: 7.38%
• 3Y*: 8.19%
• 5Y*: 5.46%
• 10Y*: 10.07%

FZAMX

• 1D: 1.39%
• 1M: 6.05%
• YTD: 25.16%
• 6M: 22.19%
• 1Y: 42.92%
• 3Y*: 21.22%
• 5Y*: 12.67%
• 10Y*: 12.86%

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

WASMX vs. FZAMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WASMX Boston Trust Walden SMID Cap Fund	2.87%	0.31%	10.39%	16.40%	-14.57%	30.04%	9.22%	32.50%	-5.60%	14.91%
FZAMX Fidelity Advisor Mid Cap II Fund Class Z	25.16%	12.00%	17.39%	15.15%	-14.70%	25.40%	18.84%	23.85%	-14.85%	20.78%

Correlation

The correlation between WASMX and FZAMX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013	0.92

The correlation between WASMX and FZAMX shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WASMX vs. FZAMX — Risk / Return Rank

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

WASMX

WASMX Risk / Return Rank: 7
WASMX Sharpe Ratio Rank: 7
WASMX Sortino Ratio Rank: 8
WASMX Omega Ratio Rank: 7
WASMX Calmar Ratio Rank: 7
WASMX Martin Ratio Rank: 7

FZAMX

FZAMX Risk / Return Rank: 82
FZAMX Sharpe Ratio Rank: 81
FZAMX Sortino Ratio Rank: 74
FZAMX Omega Ratio Rank: 70
FZAMX Calmar Ratio Rank: 91
FZAMX Martin Ratio Rank: 92

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.

WASMX vs. FZAMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Trust Walden SMID Cap Fund (WASMX) 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.

	WASMX	FZAMX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	2.44	-1.90
Sortino ratio: Return per unit of downside risk	0.92	3.28	-2.37
Omega ratio: Gain probability vs. loss probability	1.10	1.42	-0.32
Calmar ratio: Return relative to maximum drawdown	0.65	4.41	-3.76
Martin ratio: Return relative to average drawdown	1.79	17.63	-15.84

WASMX vs. FZAMX - Sharpe Ratio Comparison

The current WASMX Sharpe Ratio is 0.54, which is lower than the FZAMX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of WASMX and FZAMX, 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

WASMX vs. FZAMX - Drawdown Comparison

The maximum WASMX drawdown since its inception was -37.74%, smaller than the maximum FZAMX drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for WASMX and FZAMX.

Drawdown Indicators

	WASMX	FZAMX	Difference
Max Drawdown Largest peak-to-trough decline	-37.74%	-42.32%	+4.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-9.77%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-25.24%	+4.72%
Max Drawdown (5Y) Largest decline over 5 years	-23.07%	-25.24%	+2.17%
Max Drawdown (10Y) Largest decline over 10 years	-37.74%	-42.32%	+4.58%
Current Drawdown Current decline from peak	-4.83%	-0.16%	-4.67%
Average Drawdown Average peak-to-trough decline	-5.22%	-6.06%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	2.44%	+1.66%

Volatility

WASMX vs. FZAMX - Volatility Comparison

The current volatility for Boston Trust Walden SMID Cap Fund (WASMX) is 3.69%, while Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) has a volatility of 5.81%. This indicates that WASMX 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.

Volatility by Period

	WASMX	FZAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	5.81%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	14.22%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	17.67%	-4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	20.30%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	20.98%	-2.37%

WASMX vs. FZAMX - Expense Ratio Comparison

WASMX has a 1.00% expense ratio, which is higher than FZAMX's 0.61% expense ratio.

Dividends

WASMX vs. FZAMX - Dividend Comparison

WASMX's dividend yield for the trailing twelve months is around 1.60%, less than FZAMX's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZAMX Fidelity Advisor Mid Cap II Fund Class Z	5.63%	10.09%	6.93%	2.83%	5.86%	18.58%	1.41%	3.50%	10.72%	7.81%	5.00%	4.90%
WASMX Boston Trust Walden SMID Cap Fund	1.60%	1.65%	1.67%	0.52%	4.90%	4.75%	1.86%	9.96%	4.40%	0.52%	5.41%	7.06%

Frequently Asked Questions

Can I hold both WASMX and FZAMX in my portfolio?

WASMX and FZAMX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WASMX or FZAMX?

FZAMX has higher volatility (5.81%) compared to WASMX (3.69%). In terms of maximum drawdown, WASMX dropped -37.74% vs FZAMX's -42.32%.

Which has better risk-adjusted returns?

FZAMX currently has the higher Sharpe Ratio (2.44 vs 0.54), 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.