FBRNX vs. FNDA

Last updated Aug 4, 2026

FBRNX (Fidelity Advisor Stock Selector All Cap Fund Class I) and FNDA (Schwab Fundamental U.S. Small Company 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 RAFI Fundamental High Liquidity U.S. Small Index. Over the past 10 years, FBRNX returned 14.95%/yr vs 10.85%/yr for FNDA. Their correlation of 0.85 means they have usually moved in the same direction. 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 U.S. Small Company 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 15.30% return, which is significantly lower than FNDA's 20.40% return. Over the past 10 years, FBRNX has outperformed FNDA with an annualized return of 14.95%, while FNDA has yielded a comparatively lower 10.85% annualized return.

FBRNX

• 1D: 0.74%
• 1M: -0.08%
• 6M: 11.71%
• YTD: 15.30%
• 1Y: 29.22%
• 3Y*: 20.05%
• 5Y*: 12.08%
• 10Y*: 14.95%
• ALL TIME*: 14.30%

FNDA

• 1D: 1.63%
• 1M: 0.40%
• 6M: 12.61%
• YTD: 20.40%
• 1Y: 33.05%
• 3Y*: 14.30%
• 5Y*: 9.29%
• 10Y*: 10.85%
• ALL TIME*: 10.47%

*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
FNDA Schwab Fundamental U.S. Small Company ETF	$15.68M	$15.22M	$42.48M

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	15.30%	18.84%	19.74%	26.90%	-19.59%	22.96%	24.89%	32.20%	-8.66%	24.44%
FNDA Schwab Fundamental U.S. Small Company ETF	20.40%	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 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.85

The correlation between FBRNX and FNDA shifts across timeframes, from 0.70 (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 historical risk-adjusted metric ranks over the past 12 months.

FBRNX

FBRNX Risk / Return Rank: 79
FBRNX Sharpe Ratio Rank: 78
FBRNX Sortino Ratio Rank: 73
FBRNX Omega Ratio Rank: 72
FBRNX Calmar Ratio Rank: 83
FBRNX Martin Ratio Rank: 91

FNDA

FNDA Risk / Return Rank: 83
FNDA Sharpe Ratio Rank: 82
FNDA Sortino Ratio Rank: 84
FNDA Omega Ratio Rank: 79
FNDA Calmar Ratio Rank: 87
FNDA Martin Ratio Rank: 83

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. 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 U.S. Small Company 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.

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	FNDA	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.96	-0.07
Sortino ratio: Return per unit of downside risk	2.58	2.84	-0.25
Omega ratio: Gain probability vs. loss probability	1.34	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.93	3.55	-0.62
Martin ratio: Return relative to average drawdown	13.25	11.61	+1.64

FBRNX vs. FNDA - Sharpe Ratio Comparison

The current FBRNX Sharpe Ratio is 1.89, which is comparable to the FNDA Sharpe Ratio of 1.96. 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.

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	-1.59%	-0.76%	-0.83%
Average Drawdown Average peak-to-trough decline	-4.40%	-6.62%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.85%	-0.82%

Volatility

FBRNX vs. FNDA - Volatility Comparison

Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) and Schwab Fundamental U.S. Small Company ETF (FNDA) have volatilities of 3.79% and 3.72%, 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	FNDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.72%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	11.88%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	16.98%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	20.73%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	22.32%	-3.75%

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 3.99%, more than FNDA's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	3.99%	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 U.S. Small Company ETF	1.10%	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 0.70, 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?

FBRNX has higher volatility (3.79%) compared to FNDA (3.72%). In terms of maximum drawdown, FBRNX dropped -34.37% vs FNDA's -44.64%.

Which has better risk-adjusted returns?

FNDA currently has the higher Sharpe Ratio (1.96 vs 1.89), 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.