FAGAX vs. MRFOX
FAGAX (Fidelity Advisor Growth Opportunities Fund Class A) and MRFOX (Marshfield Concentrated Opportunity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FAGAX returned 21.15%/yr vs 15.80%/yr for MRFOX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FAGAX charges 0.96%/yr vs 1.05%/yr for MRFOX.
Performance
FAGAX vs. MRFOX - Performance Comparison
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Returns By Period
In the year-to-date period, FAGAX achieves a 11.64% return, which is significantly higher than MRFOX's 4.96% return. Over the past 10 years, FAGAX has outperformed MRFOX with an annualized return of 21.15%, while MRFOX has yielded a comparatively lower 15.80% annualized return.
FAGAX
- 1D
- 2.85%
- 1M
- -1.52%
- 6M
- 13.96%
- YTD
- 11.64%
- 1Y
- 20.05%
- 3Y*
- 27.23%
- 5Y*
- 10.54%
- 10Y*
- 21.15%
- ALL TIME*
- 10.71%
MRFOX
- 1D
- 0.42%
- 1M
- -0.42%
- 6M
- 4.23%
- YTD
- 4.96%
- 1Y
- 10.34%
- 3Y*
- 13.88%
- 5Y*
- 11.61%
- 10Y*
- 15.80%
- ALL TIME*
- 15.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAGAX vs. MRFOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 11.64% | 22.17% | 38.71% | 45.14% | -38.40% | 11.31% | 68.60% | 40.26% | 14.87% | 34.66% |
MRFOX Marshfield Concentrated Opportunity Fund | 4.96% | 10.05% | 17.10% | 17.68% | 5.06% | 17.71% | 15.19% | 36.26% | 1.89% | 25.92% |
Correlation
The correlation between FAGAX and MRFOX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.58 |
Over the past year, the correlation between FAGAX and MRFOX has dropped to 0.04 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
FAGAX vs. MRFOX — Risk / Return Rank
FAGAX
MRFOX
FAGAX vs. MRFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and Marshfield Concentrated Opportunity Fund (MRFOX). 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.
| FAGAX | MRFOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.70 | -0.30 |
| Martin ratioReturn relative to average drawdown | 4.79 | 5.01 | -0.22 |
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Drawdowns
FAGAX vs. MRFOX - Drawdown Comparison
The maximum FAGAX drawdown since its inception was -65.24%, which is greater than MRFOX's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for FAGAX and MRFOX.
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Drawdown Indicators
| FAGAX | MRFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.24% | -29.10% | -36.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -7.03% | -9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -7.91% | -18.71% |
Max Drawdown (5Y)Largest decline over 5 years | -44.70% | -12.98% | -31.72% |
Max Drawdown (10Y)Largest decline over 10 years | -44.70% | -29.10% | -15.60% |
Current DrawdownCurrent decline from peak | -4.46% | -1.29% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -2.34% | -12.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 2.39% | +2.35% |
Volatility
FAGAX vs. MRFOX - Volatility Comparison
Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) has a higher volatility of 8.38% compared to Marshfield Concentrated Opportunity Fund (MRFOX) at 4.18%. This indicates that FAGAX's price experiences larger fluctuations and is considered to be riskier than MRFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGAX | MRFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 4.18% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 7.82% | +10.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 10.40% | +11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 12.17% | +13.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.12% | 14.18% | +9.94% |
FAGAX vs. MRFOX - Expense Ratio Comparison
FAGAX has a 0.96% expense ratio, which is lower than MRFOX's 1.05% expense ratio.
Dividends
FAGAX vs. MRFOX - Dividend Comparison
FAGAX's dividend yield for the trailing twelve months is around 3.68%, more than MRFOX's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 3.68% | 4.11% | 0.00% | 0.00% | 0.00% | 10.19% | 5.45% | 4.10% | 11.99% | 7.67% | 15.44% | 11.12% |
MRFOX Marshfield Concentrated Opportunity Fund | 1.54% | 1.62% | 4.59% | 0.46% | 0.35% | 6.78% | 2.68% | 1.39% | 1.94% | 2.06% | 0.60% | 0.00% |
Frequently Asked Questions
FAGAX and MRFOX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGAX has higher volatility (8.38%) compared to MRFOX (4.18%). In terms of maximum drawdown, FAGAX dropped -65.24% vs MRFOX's -29.10%.
MRFOX currently has the higher Sharpe Ratio (1.15 vs 1.05), 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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