FCAGX vs. PRSNX
FCAGX (Fidelity Advisor Small Cap Growth Fund Class A) and PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) are both mutual funds - FCAGX is a Small Cap Growth Equities fund managed by Fidelity, while PRSNX is a Global Bonds fund managed by T. Rowe Price. Over the past 10 years, FCAGX returned 13.98%/yr vs 4.13%/yr for PRSNX. Their 0.15 correlation means their historical movements had little consistent relationship. FCAGX charges 1.29%/yr vs 0.65%/yr for PRSNX.
Performance
FCAGX vs. PRSNX - Performance Comparison
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Returns By Period
In the year-to-date period, FCAGX achieves a 20.72% return, which is significantly higher than PRSNX's 1.95% return. Over the past 10 years, FCAGX has outperformed PRSNX with an annualized return of 13.98%, while PRSNX has yielded a comparatively lower 4.13% annualized return.
FCAGX
- 1D
- 2.51%
- 1M
- -3.10%
- 6M
- 16.20%
- YTD
- 20.72%
- 1Y
- 36.19%
- 3Y*
- 18.37%
- 5Y*
- 7.61%
- 10Y*
- 13.98%
- ALL TIME*
- 11.42%
PRSNX
- 1D
- -0.20%
- 1M
- -0.90%
- 6M
- 1.25%
- YTD
- 1.95%
- 1Y
- 4.58%
- 3Y*
- 8.62%
- 5Y*
- 2.89%
- 10Y*
- 4.13%
- ALL TIME*
- 5.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCAGX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | 20.72% | 10.88% | 20.21% | 18.72% | -25.57% | 10.19% | 36.01% | 35.97% | -4.85% | 28.62% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 1.95% | 7.28% | 8.77% | 16.74% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Correlation
The correlation between FCAGX and PRSNX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008 | 0.15 |
The correlation between FCAGX and PRSNX shifts across timeframes, from 0.14 (10 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCAGX vs. PRSNX — Risk / Return Rank
FCAGX
PRSNX
FCAGX vs. PRSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
| FCAGX | PRSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.11 | +0.35 |
| Martin ratioReturn relative to average drawdown | 9.21 | 8.72 | +0.49 |
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Drawdowns
FCAGX vs. PRSNX - Drawdown Comparison
The maximum FCAGX drawdown since its inception was -61.19%, which is greater than PRSNX's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for FCAGX and PRSNX.
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Drawdown Indicators
| FCAGX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -19.70% | -41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -2.18% | -11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -28.76% | -2.40% | -26.36% |
Max Drawdown (5Y)Largest decline over 5 years | -39.13% | -19.70% | -19.43% |
Max Drawdown (10Y)Largest decline over 10 years | -39.13% | -19.70% | -19.43% |
Current DrawdownCurrent decline from peak | -5.27% | -1.09% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -2.10% | -9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 0.52% | +3.01% |
Volatility
FCAGX vs. PRSNX - Volatility Comparison
Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) has a higher volatility of 6.00% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.37%. This indicates that FCAGX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCAGX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 0.37% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 2.22% | +15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.74% | 2.73% | +20.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 4.38% | +19.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 4.16% | +18.78% |
FCAGX vs. PRSNX - Expense Ratio Comparison
FCAGX has a 1.29% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Dividends
FCAGX vs. PRSNX - Dividend Comparison
FCAGX's dividend yield for the trailing twelve months is around 5.75%, more than PRSNX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | 5.75% | 6.94% | 1.20% | 0.00% | 0.00% | 20.36% | 8.58% | 5.58% | 14.80% | 7.05% | 0.79% | 4.32% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.22% | 6.00% | 9.32% | 8.39% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Frequently Asked Questions
FCAGX and PRSNX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCAGX has higher volatility (6.00%) compared to PRSNX (0.37%). In terms of maximum drawdown, FCAGX dropped -61.19% vs PRSNX's -19.70%.
PRSNX currently has the higher Sharpe Ratio (1.70 vs 1.43), 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.
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