FBRNX vs. FNDA

Last updated Jun 4, 2026

FBRNX (Fidelity Advisor Stock Selector All Cap Fund Class I) and FNDA (Schwab Fundamental US Small Co. Index ETF) are both funds - FBRNX is a Large Cap Growth Equities fund managed by Fidelity, while FNDA is a Small Cap Blend Equities fund tracking the Russell RAFI Small Company US. Over the past 10 years, FBRNX returned 15.31%/yr vs 10.87%/yr for FNDA. Their correlation of 0.85 suggests significant overlap in exposure. FBRNX charges 0.62%/yr vs 0.25%/yr for FNDA.

Performance

FBRNX vs. FNDA - 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 Schwab Fundamental US Small Co. Index ETF (FNDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBRNX achieves a 15.81% return, which is significantly higher than FNDA's 14.87% return. Over the past 10 years, FBRNX has outperformed FNDA with an annualized return of 15.31%, while FNDA has yielded a comparatively lower 10.87% annualized return.

FBRNX

• 1D: 0.33%
• 1M: 5.88%
• YTD: 15.81%
• 6M: 16.36%
• 1Y: 37.34%
• 3Y*: 22.81%
• 5Y*: 13.08%
• 10Y*: 15.31%

FNDA

• 1D: -1.01%
• 1M: 2.29%
• YTD: 14.87%
• 6M: 14.27%
• 1Y: 30.96%
• 3Y*: 15.77%
• 5Y*: 7.06%
• 10Y*: 10.87%

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

FBRNX vs. FNDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	15.81%	18.84%	19.74%	26.90%	-19.59%	22.96%	24.89%	32.20%	-8.66%	24.44%
FNDA Schwab Fundamental US Small Co. Index ETF	14.87%	7.44%	9.00%	20.29%	-14.83%	31.12%	8.44%	24.34%	-12.12%	12.68%

Correlation

The correlation between FBRNX and FNDA is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.85

The correlation between FBRNX and FNDA shifts across timeframes, from 0.71 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FBRNX vs. FNDA — Risk / Return Rank

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

FBRNX

FBRNX Risk / Return Rank: 86
FBRNX Sharpe Ratio Rank: 89
FBRNX Sortino Ratio Rank: 83
FBRNX Omega Ratio Rank: 81
FBRNX Calmar Ratio Rank: 86
FBRNX Martin Ratio Rank: 93

FNDA

FNDA Risk / Return Rank: 56
FNDA Sharpe Ratio Rank: 52
FNDA Sortino Ratio Rank: 54
FNDA Omega Ratio Rank: 49
FNDA Calmar Ratio Rank: 66
FNDA Martin Ratio Rank: 60

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.

FBRNX vs. FNDA - 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 Schwab Fundamental US Small Co. Index ETF (FNDA). 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.

	FBRNX	FNDA	Difference
Sharpe ratio: Return per unit of total volatility	2.95	1.82	+1.13
Sortino ratio: Return per unit of downside risk	3.94	2.63	+1.31
Omega ratio: Gain probability vs. loss probability	1.53	1.32	+0.22
Calmar ratio: Return relative to maximum drawdown	4.15	3.32	+0.83
Martin ratio: Return relative to average drawdown	20.11	10.73	+9.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBRNX vs. FNDA - Sharpe Ratio Comparison

The current FBRNX Sharpe Ratio is 2.95, which is higher than the FNDA Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FBRNX and FNDA, 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

	FBRNX	FNDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	1.82	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.34	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.49	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.49	+0.35

Drawdowns

FBRNX vs. FNDA - Drawdown Comparison

The maximum FBRNX drawdown since its inception was -34.37%, smaller than the maximum FNDA drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for FBRNX and FNDA.

Drawdown Indicators

	FBRNX	FNDA	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-44.64%	+10.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-9.36%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-20.87%	-25.92%	+5.05%
Max Drawdown (5Y) Largest decline over 5 years	-25.29%	-25.92%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-44.64%	+10.27%
Current Drawdown Current decline from peak	0.00%	-1.01%	+1.01%
Average Drawdown Average peak-to-trough decline	-4.44%	-6.69%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.89%	-0.99%

Volatility

FBRNX vs. FNDA - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) is 3.37%, while Schwab Fundamental US Small Co. Index ETF (FNDA) has a volatility of 4.38%. This indicates that FBRNX experiences smaller price fluctuations and is considered to be less risky than FNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRNX	FNDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	4.38%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	11.79%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	17.13%	-4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	20.89%	-3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	22.37%	-3.81%

FBRNX vs. FNDA - Expense Ratio Comparison

FBRNX has a 0.62% expense ratio, which is higher than FNDA's 0.25% expense ratio.

Dividends

FBRNX vs. FNDA - Dividend Comparison

FBRNX's dividend yield for the trailing twelve months is around 3.97%, more than FNDA's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	3.97%	4.60%	4.66%	1.94%	0.35%	0.00%	5.15%	5.28%	4.39%	3.07%	0.99%	5.06%
FNDA Schwab Fundamental US Small Co. Index ETF	1.09%	1.22%	1.53%	1.37%	1.38%	1.15%	1.31%	1.38%	1.64%	1.30%	1.18%	1.33%

Frequently Asked Questions

Can I hold both FBRNX and FNDA in my portfolio?

FBRNX and FNDA have a correlation of 0.71, 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 FNDA?

FNDA has higher volatility (4.38%) compared to FBRNX (3.37%). In terms of maximum drawdown, FBRNX dropped -34.37% vs FNDA's -44.64%.

Which has better risk-adjusted returns?

FBRNX currently has the higher Sharpe Ratio (2.95 vs 1.82), 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.