ARDEX vs. FBLEX

Last updated Jun 4, 2026

ARDEX (AMG River Road Dividend All Cap Value Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, ARDEX returned 4.23%/yr vs 11.89%/yr for FBLEX. Their correlation of 0.93 suggests significant overlap in exposure. ARDEX charges 0.97%/yr vs 0.01%/yr for FBLEX.

Performance

ARDEX vs. FBLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG River Road Dividend All Cap Value Fund (ARDEX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARDEX achieves a 10.84% return, which is significantly higher than FBLEX's 8.36% return. Over the past 10 years, ARDEX has underperformed FBLEX with an annualized return of 4.23%, while FBLEX has yielded a comparatively higher 11.89% annualized return.

ARDEX

• 1D: 0.73%
• 1M: 2.80%
• YTD: 10.84%
• 6M: -10.98%
• 1Y: -6.14%
• 3Y*: 5.73%
• 5Y*: -0.60%
• 10Y*: 4.23%

FBLEX

• 1D: 0.33%
• 1M: 2.07%
• YTD: 8.36%
• 6M: 9.82%
• 1Y: 22.33%
• 3Y*: 19.15%
• 5Y*: 11.55%
• 10Y*: 11.89%

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

ARDEX vs. FBLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARDEX AMG River Road Dividend All Cap Value Fund	10.84%	-14.13%	16.20%	2.04%	-3.64%	4.16%	-2.18%	23.20%	-7.61%	8.78%
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	8.36%	17.06%	18.04%	15.60%	-4.82%	26.83%	4.34%	25.57%	-9.04%	12.38%

Correlation

The correlation between ARDEX and FBLEX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012	0.93

The correlation between ARDEX and FBLEX shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARDEX vs. FBLEX — Risk / Return Rank

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

ARDEX

ARDEX Risk / Return Rank: 2
ARDEX Sharpe Ratio Rank: 2
ARDEX Sortino Ratio Rank: 2
ARDEX Omega Ratio Rank: 1
ARDEX Calmar Ratio Rank: 1
ARDEX Martin Ratio Rank: 2

FBLEX

FBLEX Risk / Return Rank: 62
FBLEX Sharpe Ratio Rank: 56
FBLEX Sortino Ratio Rank: 56
FBLEX Omega Ratio Rank: 52
FBLEX Calmar Ratio Rank: 73
FBLEX Martin Ratio Rank: 71

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.

ARDEX vs. FBLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG River Road Dividend All Cap Value Fund (ARDEX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.

	ARDEX	FBLEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	2.20	-2.46
Sortino ratio: Return per unit of downside risk	-0.15	3.16	-3.31
Omega ratio: Gain probability vs. loss probability	0.95	1.40	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.29	3.35	-3.64
Martin ratio: Return relative to average drawdown	-0.55	13.56	-14.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARDEX vs. FBLEX - Sharpe Ratio Comparison

The current ARDEX Sharpe Ratio is -0.26, which is lower than the FBLEX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ARDEX and FBLEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARDEX	FBLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	2.20	-2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.78	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.69	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.73	-0.49

Drawdowns

ARDEX vs. FBLEX - Drawdown Comparison

The maximum ARDEX drawdown since its inception was -52.16%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for ARDEX and FBLEX.

Drawdown Indicators

	ARDEX	FBLEX	Difference
Max Drawdown Largest peak-to-trough decline	-52.16%	-39.73%	-12.43%
Max Drawdown (1Y) Largest decline over 1 year	-20.51%	-6.89%	-13.62%
Max Drawdown (3Y) Largest decline over 3 years	-52.16%	-14.71%	-37.45%
Max Drawdown (5Y) Largest decline over 5 years	-52.16%	-19.00%	-33.16%
Max Drawdown (10Y) Largest decline over 10 years	-52.16%	-39.73%	-12.43%
Current Drawdown Current decline from peak	-46.77%	-0.20%	-46.57%
Average Drawdown Average peak-to-trough decline	-10.47%	-3.83%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.66%	1.70%	+8.96%

Volatility

ARDEX vs. FBLEX - Volatility Comparison

The current volatility for AMG River Road Dividend All Cap Value Fund (ARDEX) is 1.94%, while Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) has a volatility of 2.69%. This indicates that ARDEX experiences smaller price fluctuations and is considered to be less risky than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARDEX	FBLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	2.69%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	23.57%	7.89%	+15.68%
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	10.50%	+11.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.86%	14.79%	+27.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.41%	17.40%	+15.01%

ARDEX vs. FBLEX - Expense Ratio Comparison

ARDEX has a 0.97% expense ratio, which is higher than FBLEX's 0.01% expense ratio.

Dividends

ARDEX vs. FBLEX - Dividend Comparison

ARDEX's dividend yield for the trailing twelve months is around 4.65%, less than FBLEX's 10.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARDEX AMG River Road Dividend All Cap Value Fund	4.65%	5.85%	79.78%	4.42%	14.36%	5.37%	2.12%	8.71%	9.10%	6.83%	9.31%	11.69%
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	10.25%	9.95%	12.63%	5.05%	12.66%	14.51%	3.85%	5.65%	10.97%	7.09%	2.47%	13.81%

Frequently Asked Questions

Can I hold both ARDEX and FBLEX in my portfolio?

ARDEX and FBLEX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARDEX or FBLEX?

FBLEX has higher volatility (2.69%) compared to ARDEX (1.94%). In terms of maximum drawdown, ARDEX dropped -52.16% vs FBLEX's -39.73%.

Which has better risk-adjusted returns?

FBLEX currently has the higher Sharpe Ratio (2.20 vs -0.26), 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.