FBRNX vs. MLAIX

Last updated Jun 4, 2026

FBRNX (Fidelity Advisor Stock Selector All Cap Fund Class I) and MLAIX (NYLI Winslow Large Cap Growth Fund Class I) are both Large Cap Growth Equities funds. Over the past 10 years, FBRNX returned 15.31%/yr vs 17.35%/yr for MLAIX. Their correlation of 0.91 suggests significant overlap in exposure. FBRNX charges 0.62%/yr vs 0.69%/yr for MLAIX.

Performance

FBRNX vs. MLAIX - 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 NYLI Winslow Large Cap Growth Fund Class I (MLAIX). 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 MLAIX's 6.29% return. Over the past 10 years, FBRNX has underperformed MLAIX with an annualized return of 15.31%, while MLAIX has yielded a comparatively higher 17.35% 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%

MLAIX

• 1D: 0.33%
• 1M: 7.13%
• YTD: 6.29%
• 6M: 5.12%
• 1Y: 16.40%
• 3Y*: 22.94%
• 5Y*: 13.11%
• 10Y*: 17.35%

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

FBRNX vs. MLAIX - 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%
MLAIX NYLI Winslow Large Cap Growth Fund Class I	6.29%	14.60%	29.26%	43.32%	-31.27%	25.21%	37.37%	33.47%	4.06%	32.39%

Correlation

The correlation between FBRNX and MLAIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.91

The correlation between FBRNX and MLAIX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

FBRNX vs. MLAIX — 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

MLAIX

MLAIX Risk / Return Rank: 12
MLAIX Sharpe Ratio Rank: 14
MLAIX Sortino Ratio Rank: 14
MLAIX Omega Ratio Rank: 13
MLAIX Calmar Ratio Rank: 9
MLAIX Martin Ratio Rank: 9

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. MLAIX - 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 NYLI Winslow Large Cap Growth Fund Class I (MLAIX). 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	MLAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.95	1.05	+1.90
Sortino ratio: Return per unit of downside risk	3.94	1.50	+2.45
Omega ratio: Gain probability vs. loss probability	1.53	1.19	+0.35
Calmar ratio: Return relative to maximum drawdown	4.15	0.84	+3.31
Martin ratio: Return relative to average drawdown	20.11	2.47	+17.64
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. MLAIX - Sharpe Ratio Comparison

The current FBRNX Sharpe Ratio is 2.95, which is higher than the MLAIX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FBRNX and MLAIX, 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	MLAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	1.05	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.59	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.73	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.58	+0.25

Drawdowns

FBRNX vs. MLAIX - Drawdown Comparison

The maximum FBRNX drawdown since its inception was -34.37%, smaller than the maximum MLAIX drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for FBRNX and MLAIX.

Drawdown Indicators

	FBRNX	MLAIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-48.73%	+14.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-20.28%	+11.07%
Max Drawdown (3Y) Largest decline over 3 years	-20.87%	-22.58%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-25.29%	-39.20%	+13.91%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-39.20%	+4.83%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.44%	-8.36%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	6.89%	-4.99%

Volatility

FBRNX vs. MLAIX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) is 3.37%, while NYLI Winslow Large Cap Growth Fund Class I (MLAIX) has a volatility of 3.66%. This indicates that FBRNX experiences smaller price fluctuations and is considered to be less risky than MLAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRNX	MLAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	3.66%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	12.33%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	16.38%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	22.35%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	23.88%	-5.32%

FBRNX vs. MLAIX - Expense Ratio Comparison

FBRNX has a 0.62% expense ratio, which is lower than MLAIX's 0.69% expense ratio.

Dividends

FBRNX vs. MLAIX - Dividend Comparison

FBRNX's dividend yield for the trailing twelve months is around 3.97%, less than MLAIX's 17.60% 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%
MLAIX NYLI Winslow Large Cap Growth Fund Class I	17.60%	18.71%	18.18%	8.86%	12.91%	23.19%	4.85%	10.44%	21.60%	16.10%	12.42%	12.96%

Frequently Asked Questions

Can I hold both FBRNX and MLAIX in my portfolio?

With a correlation of 0.91, FBRNX and MLAIX 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 MLAIX?

MLAIX has higher volatility (3.66%) compared to FBRNX (3.37%). In terms of maximum drawdown, FBRNX dropped -34.37% vs MLAIX's -48.73%.

Which has better risk-adjusted returns?

FBRNX currently has the higher Sharpe Ratio (2.95 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.