FZAOX Performance — Fidelity Advisor Small Cap Fund, Class Z
Data updated: 2026-07-24
FZAOX returned +18.42% year to date and +40.27% over one year to May 2026. Annualised returns are +20.85% over 3 years and +9.17% over 5 years. The fund beat its US Small Blend category average: $100 invested three years ago grew to $176, against $160 for the category, and to $140 over one year, against $132. Volatility over the past three years was 18.33% a year. In the 12 months to May 2026 the fund lost a net $120.4M, and assets reached $2.37B.
FZAOX Growth of $100
What $100 invested in Fidelity Advisor Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | FZAOX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $140 | $132 |
| 3 years (Jun 2023 – May 2026) | $176 | $160 |
| 5 years (Jun 2021 – May 2026) | $155 | $135 |
| Since data start (Sep 2019 – May 2026) | $239 | $206 |
FZAOX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.42% |
| 1 year | +40.27% |
| 3 years (annualised) | +20.85% |
| 5 years (annualised) | +9.17% |
FZAOX Annual Returns
Calendar-year total returns of Fidelity Advisor Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +18.42% |
| 2025 | +12.25% |
| 2024 | +11.66% |
| 2023 | +18.74% |
| 2022 | −20.38% |
| 2021 | +31.77% |
| 2020 | +17.66% |
| 2019 (Sep–Dec) | +9.94% |
FZAOX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8% | +4.3% | −4.8% | +11.4% | +2.1% | — | — | — | — | — | — | — |
| 2025 | +3.7% | −6.0% | −5.8% | −1.4% | +4.7% | +6.3% | +1.5% | +4.8% | +1.1% | +1.1% | +3.4% | −1.0% |
| 2024 | −1.4% | +5.5% | +3.7% | −6.2% | +6.2% | −0.9% | +7.6% | +0.1% | +1.0% | −3.0% | +8.3% | −8.3% |
| 2023 | +9.3% | −0.2% | −3.5% | −2.4% | −2.8% | +9.1% | +4.8% | −2.0% | −5.5% | −6.4% | +7.6% | +11.5% |
| 2022 | −10.6% | +0.7% | −0.6% | −9.2% | 0.0% | −9.6% | +11.7% | −3.1% | −9.6% | +10.4% | +5.3% | −4.7% |
| 2021 | +2.3% | +8.5% | +3.2% | +4.3% | −0.1% | +0.9% | +1.0% | +4.2% | −2.8% | +6.1% | −2.5% | +3.6% |
| 2020 | −1.0% | −9.5% | −19.4% | +13.0% | +8.7% | +2.0% | +4.7% | +4.1% | −3.1% | +0.5% | +14.9% | +6.8% |
| 2019 | — | — | — | — | — | — | — | — | +1.2% | +2.4% | +4.2% | +1.8% |
FZAOX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.33%
- 3-year Sharpe ratio: 0.89 (vs 4.5% risk-free rate)
- Best month: +11.49% (Dec 2023)
- Worst month: −8.26% (Dec 2024)
FZAOX Fund Flows
Monthly money in and out of Fidelity Advisor Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$120.4M
- 12-month gross sales (incl. reinvestments): $334.9M
- Sales ÷ redemptions: 0.74×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $27.4M | $32.9M | −$5.5M |
| Apr 2026 | $28.9M | $40.4M | −$11.6M |
| Mar 2026 | $29.2M | $45.4M | −$16.3M |
| Feb 2026 | $26.5M | $36.8M | −$10.3M |
| Jan 2026 | $67.3M | $45.2M | $22.1M |
| Dec 2025 | $56.9M | $43.2M | $13.7M |
| Nov 2025 | $14.1M | $40.4M | −$26.3M |
| Oct 2025 | $18.9M | $37.9M | −$18.9M |
| Sep 2025 | $17.2M | $32.3M | −$15.1M |
| Aug 2025 | $17.0M | $33.7M | −$16.7M |
| Jul 2025 | $15.1M | $33.0M | −$17.9M |
| Jun 2025 | $16.6M | $34.1M | −$17.6M |
FZAOX Assets Under Management
Net assets of Fidelity Advisor Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.37B |
| 2026-02-28 | $2.22B |
| 2025-11-30 | $2.06B |
| 2025-08-31 | $2.01B |
| 2025-05-31 | $1.83B |
| 2025-02-28 | $1.95B |
| 2024-11-30 | $2.24B |
| 2024-08-31 | $2.13B |
| 2024-05-31 | $1.96B |
| 2024-02-29 | $1.98B |
| 2023-11-30 | $1.72B |
| 2023-08-31 | $1.94B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.