FBRNX vs. FFLC

Last updated Aug 1, 2026

FBRNX (Fidelity Advisor Stock Selector All Cap Fund Class I) and FFLC (Fidelity Fundamental Large Cap Core ETF) are both funds - FBRNX is a Large Cap Growth Equities fund managed by Fidelity, while FFLC is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 5 years, FBRNX returned 11.92%/yr vs 16.45%/yr for FFLC. Their correlation of 0.89 means they have usually moved in the same direction. FBRNX charges 0.62%/yr vs 0.38%/yr for FFLC.

Performance

FBRNX vs. FFLC - 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 Fidelity Fundamental Large Cap Core ETF (FFLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBRNX achieves a 14.45% return, which is significantly higher than FFLC's 10.63% return.

FBRNX

• 1D: 1.87%
• 1M: -0.80%
• 6M: 11.48%
• YTD: 14.45%
• 1Y: 28.28%
• 3Y*: 19.64%
• 5Y*: 11.92%
• 10Y*: 14.79%
• ALL TIME*: 14.24%

FFLC

• 1D: 0.86%
• 1M: 0.31%
• 6M: 8.00%
• YTD: 10.63%
• 1Y: 20.47%
• 3Y*: 20.51%
• 5Y*: 16.45%
• 10Y*: —
• ALL TIME*: 20.17%

*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)
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	$0.00	$0.00	$0.00
FFLC Fidelity Fundamental Large Cap Core ETF	$6.09M	$5.30M	$5.23M

FBRNX vs. FFLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	14.45%	18.84%	19.74%	26.90%	-19.59%	22.96%	25.02%
FFLC Fidelity Fundamental Large Cap Core ETF	10.63%	17.67%	27.89%	25.07%	-0.04%	24.53%	19.50%

Correlation

The correlation between FBRNX and FFLC is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.89

The correlation between FBRNX and FFLC has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.

Return for Risk

FBRNX vs. FFLC — Risk / Return Rank

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

FBRNX

FBRNX Risk / Return Rank: 79
FBRNX Sharpe Ratio Rank: 76
FBRNX Sortino Ratio Rank: 72
FBRNX Omega Ratio Rank: 73
FBRNX Calmar Ratio Rank: 83
FBRNX Martin Ratio Rank: 90

FFLC

FFLC Risk / Return Rank: 56
FFLC Sharpe Ratio Rank: 55
FFLC Sortino Ratio Rank: 53
FFLC Omega Ratio Rank: 53
FFLC Calmar Ratio Rank: 51
FFLC Martin Ratio Rank: 66

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. FFLC - 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 Fidelity Fundamental Large Cap Core ETF (FFLC). 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	FFLC	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.31	+0.51
Sortino ratio: Return per unit of downside risk	2.50	1.86	+0.64
Omega ratio: Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	2.82	1.82	+0.99
Martin ratio: Return relative to average drawdown	12.74	7.92	+4.82

FBRNX vs. FFLC - Sharpe Ratio Comparison

The current FBRNX Sharpe Ratio is 1.82, which is higher than the FFLC Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FBRNX and FFLC, 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. FFLC - Drawdown Comparison

The maximum FBRNX drawdown since its inception was -34.37%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FBRNX and FFLC.

Drawdown Indicators

	FBRNX	FFLC	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-19.72%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-9.98%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-20.87%	-19.72%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-25.29%	-19.72%	-5.57%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	—	—
Current Drawdown Current decline from peak	-2.30%	-1.19%	-1.11%
Average Drawdown Average peak-to-trough decline	-4.40%	-2.95%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.29%	-0.26%

Volatility

FBRNX vs. FFLC - Volatility Comparison

Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) and Fidelity Fundamental Large Cap Core ETF (FFLC) have volatilities of 3.73% and 3.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRNX	FFLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.59%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	10.97%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.25%	13.86%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	16.93%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	17.61%	+0.96%

FBRNX vs. FFLC - Expense Ratio Comparison

FBRNX has a 0.62% expense ratio, which is higher than FFLC's 0.38% expense ratio.

Dividends

FBRNX vs. FFLC - Dividend Comparison

FBRNX's dividend yield for the trailing twelve months is around 4.02%, more than FFLC's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	4.02%	4.60%	4.66%	1.94%	0.35%	0.00%	5.15%	5.28%	4.39%	3.07%	0.99%	5.06%
FFLC Fidelity Fundamental Large Cap Core ETF	0.99%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBRNX and FFLC in my portfolio?

With a correlation of 0.97, FBRNX and FFLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FBRNX or FFLC?

FBRNX has higher volatility (3.73%) compared to FFLC (3.59%). In terms of maximum drawdown, FBRNX dropped -34.37% vs FFLC's -19.72%.

Which has better risk-adjusted returns?

FBRNX currently has the higher Sharpe Ratio (1.82 vs 1.31), 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.