FBRNX vs. AMRGX

Last updated Aug 5, 2026

FBRNX (Fidelity Advisor Stock Selector All Cap Fund Class I) and AMRGX (American Growth Fund Series One) are both Large Cap Growth Equities funds. Over the past 10 years, FBRNX returned 14.97%/yr vs 11.91%/yr for AMRGX. Their correlation of 0.89 means they have usually moved in the same direction. FBRNX charges 0.62%/yr vs 4.07%/yr for AMRGX.

Performance

FBRNX vs. AMRGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) and American Growth Fund Series One (AMRGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBRNX achieves a 17.12% return, which is significantly lower than AMRGX's 18.80% return. Over the past 10 years, FBRNX has outperformed AMRGX with an annualized return of 14.97%, while AMRGX has yielded a comparatively lower 11.91% annualized return.

FBRNX

• 1D: 1.58%
• 1M: 1.51%
• 6M: 14.24%
• YTD: 17.12%
• 1Y: 29.19%
• 3Y*: 21.51%
• 5Y*: 12.43%
• 10Y*: 14.97%
• ALL TIME*: 14.42%

AMRGX

• 1D: 0.74%
• 1M: 0.99%
• 6M: 10.88%
• YTD: 18.80%
• 1Y: 37.95%
• 3Y*: 18.79%
• 5Y*: 10.11%
• 10Y*: 11.91%
• ALL TIME*: 2.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMRGX American Growth Fund Series One	$0.00	$0.00	$0.00
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	$0.00	$0.00	$0.00

FBRNX vs. AMRGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	17.12%	18.84%	19.74%	26.90%	-19.59%	22.96%	24.89%	32.20%	-8.66%	24.44%
AMRGX American Growth Fund Series One	18.80%	11.18%	16.61%	24.38%	-19.93%	15.64%	18.65%	36.73%	-9.07%	13.37%

Correlation

The correlation between FBRNX and AMRGX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.89

The correlation between FBRNX and AMRGX shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FBRNX vs. AMRGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FBRNX

FBRNX Risk / Return Rank: 86
FBRNX Sharpe Ratio Rank: 87
FBRNX Sortino Ratio Rank: 82
FBRNX Omega Ratio Rank: 80
FBRNX Calmar Ratio Rank: 87
FBRNX Martin Ratio Rank: 93

AMRGX

AMRGX Risk / Return Rank: 58
AMRGX Sharpe Ratio Rank: 44
AMRGX Sortino Ratio Rank: 48
AMRGX Omega Ratio Rank: 72
AMRGX Calmar Ratio Rank: 82
AMRGX Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FBRNX vs. AMRGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) and American Growth Fund Series One (AMRGX). 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.

	FBRNX	AMRGX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.42	+0.79
Sortino ratio: Return per unit of downside risk	3.00	2.12	+0.88
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	3.41	2.91	+0.50
Martin ratio: Return relative to average drawdown	15.44	6.81	+8.63

FBRNX vs. AMRGX - Sharpe Ratio Comparison

The current FBRNX Sharpe Ratio is 2.21, which is higher than the AMRGX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FBRNX and AMRGX, 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

FBRNX vs. AMRGX - Drawdown Comparison

The maximum FBRNX drawdown since its inception was -34.37%, smaller than the maximum AMRGX drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for FBRNX and AMRGX.

Drawdown Indicators

	FBRNX	AMRGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-80.32%	+45.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-13.98%	+4.77%
Max Drawdown (3Y) Largest decline over 3 years	-20.87%	-21.15%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.29%	-35.42%	+10.13%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-35.42%	+1.05%
Current Drawdown Current decline from peak	-0.03%	-3.89%	+3.86%
Average Drawdown Average peak-to-trough decline	-4.40%	-40.04%	+35.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	5.92%	-3.89%

Volatility

FBRNX vs. AMRGX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) is 4.10%, while American Growth Fund Series One (AMRGX) has a volatility of 5.54%. This indicates that FBRNX experiences smaller price fluctuations and is considered to be less risky than AMRGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRNX	AMRGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	5.54%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	17.26%	-5.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	28.72%	-14.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	22.65%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	21.65%	-3.06%

FBRNX vs. AMRGX - Expense Ratio Comparison

FBRNX has a 0.62% expense ratio, which is lower than AMRGX's 4.07% expense ratio.

Dividends

FBRNX vs. AMRGX - Dividend Comparison

FBRNX's dividend yield for the trailing twelve months is around 3.92%, less than AMRGX's 15.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMRGX American Growth Fund Series One	15.00%	17.82%	12.39%	8.17%	7.77%	12.21%	2.36%	0.00%	0.00%	0.00%	0.00%	0.00%
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	3.92%	4.60%	4.66%	1.94%	0.35%	0.00%	5.15%	5.28%	4.39%	3.07%	0.99%	5.06%

Frequently Asked Questions

Can I hold both FBRNX and AMRGX in my portfolio?

FBRNX and AMRGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBRNX or AMRGX?

AMRGX has higher volatility (5.54%) compared to FBRNX (4.10%). In terms of maximum drawdown, FBRNX dropped -34.37% vs AMRGX's -80.32%.

Which has better risk-adjusted returns?

FBRNX currently has the higher Sharpe Ratio (2.21 vs 1.42), 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.