Fidelity Advisor Competition
| FDVIX Fund | USD 28.77 0.60 2.13% |
Pair Correlation for Fidelity Advisor and Goldman Sachs Overview
Very weak diversification
The correlation between FDVIX and GLPIX is 0.58, which Macroaxis classifies as Very weak diversification for the selected horizon. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving together with Fidelity Mutual Fund
The mean reversion principle applied to Fidelity Advisor's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
Fidelity Advisor Competition Correlation Matrix
Studying peer correlation around Fidelity Advisor Diversified gives investors a cleaner read on how much independent price behavior still exists across the competitive set. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Advisor Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare Fidelity Advisor's efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSCOX | 0.60 | 0.02 | 0.03 | 0.01 | 0.93 | 1.05 | 4.62 | |||
| FBTTX | 1.12 | -0.07 | 0.00 | 0.84 | 0.00 | 2.29 | 5.88 | |||
| FHKIX | 1.07 | 0.22 | 0.15 | 0.19 | 1.26 | 1.93 | 7.80 | |||
| FCHKX | 1.06 | 0.21 | 0.15 | 0.18 | 1.26 | 1.93 | 7.81 | |||
| FIUIX | 0.73 | 0.13 | 0.14 | 0.39 | 0.87 | 1.45 | 4.09 | |||
| FSEAX | 0.89 | 0.17 | 0.13 | 0.18 | 1.12 | 1.94 | 7.20 | |||
| NWKCX | 0.80 | -0.03 | 0.00 | -0.05 | 0.00 | 1.61 | 4.70 | |||
| CSMVX | 0.97 | -0.01 | 0.00 | -0.04 | 0.00 | 1.88 | 6.60 | |||
| GLPIX | 0.51 | 0.19 | 0.33 | 4.01 | 0.27 | 1.25 | 2.78 |
Fidelity Advisor Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Fidelity Advisor Competition Peer Performance Charts
How to Analyze Fidelity Advisor Against Peers
Fidelity Advisor's peer analysis compares Fidelity Advisor with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Fidelity Advisor trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Fidelity Advisor leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Debt-to-equity comparison across Fidelity Advisor peers frames whether its leverage is conservative, normal, or high for its industry - relevant context that standalone ratios miss. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.
Inputs for Fidelity Advisor Diversified come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.