FDECX vs. BRLVX

Last updated Jul 22, 2026

FDECX (Fidelity Advisor Capital Development Fund Class C) and BRLVX (American Beacon Bridgeway Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, FDECX returned 14.30%/yr vs 11.01%/yr for BRLVX. Their correlation of 0.91 suggests significant overlap in exposure. FDECX charges 1.80%/yr vs 0.75%/yr for BRLVX.

Performance

FDECX vs. BRLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Capital Development Fund Class C (FDECX) and American Beacon Bridgeway Large Cap Value Fund (BRLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDECX achieves a 9.58% return, which is significantly lower than BRLVX's 18.76% return. Over the past 10 years, FDECX has outperformed BRLVX with an annualized return of 14.30%, while BRLVX has yielded a comparatively lower 11.01% annualized return.

FDECX

• 1D: -0.28%
• 1M: 0.04%
• 6M: 7.99%
• YTD: 9.58%
• 1Y: 21.45%
• 3Y*: 22.43%
• 5Y*: 15.22%
• 10Y*: 14.30%
• ALL TIME*: 9.35%

BRLVX

• 1D: -0.37%
• 1M: 1.46%
• 6M: 16.27%
• YTD: 18.76%
• 1Y: 38.07%
• 3Y*: 21.44%
• 5Y*: 13.10%
• 10Y*: 11.01%
• ALL TIME*: 10.12%

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

FDECX vs. BRLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDECX Fidelity Advisor Capital Development Fund Class C	9.58%	26.17%	25.61%	22.69%	-9.17%	23.92%	7.70%	29.71%	-10.22%	16.40%
BRLVX American Beacon Bridgeway Large Cap Value Fund	18.76%	24.30%	16.48%	11.42%	-7.79%	22.95%	-3.06%	25.13%	-13.40%	15.89%

Correlation

The correlation between FDECX and BRLVX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jun 1, 2004	0.91

The correlation between FDECX and BRLVX shifts across timeframes, from 0.77 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDECX vs. BRLVX — Risk / Return Rank

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

FDECX

FDECX Risk / Return Rank: 63
FDECX Sharpe Ratio Rank: 64
FDECX Sortino Ratio Rank: 63
FDECX Omega Ratio Rank: 59
FDECX Calmar Ratio Rank: 58
FDECX Martin Ratio Rank: 72

BRLVX

BRLVX Risk / Return Rank: 94
BRLVX Sharpe Ratio Rank: 95
BRLVX Sortino Ratio Rank: 92
BRLVX Omega Ratio Rank: 87
BRLVX Calmar Ratio Rank: 97
BRLVX Martin Ratio Rank: 97

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.

FDECX vs. BRLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class C (FDECX) and American Beacon Bridgeway Large Cap Value Fund (BRLVX). 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.

	FDECX	BRLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.86	-1.20
Sortino ratio: Return per unit of downside risk	2.35	4.10	-1.75
Omega ratio: Gain probability vs. loss probability	1.30	1.51	-0.21
Calmar ratio: Return relative to maximum drawdown	2.21	5.07	-2.86
Martin ratio: Return relative to average drawdown	9.83	21.69	-11.86

FDECX vs. BRLVX - Sharpe Ratio Comparison

The current FDECX Sharpe Ratio is 1.66, which is lower than the BRLVX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of FDECX and BRLVX, 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

FDECX vs. BRLVX - Drawdown Comparison

The maximum FDECX drawdown since its inception was -58.50%, roughly equal to the maximum BRLVX drawdown of -55.94%. Use the drawdown chart below to compare losses from any high point for FDECX and BRLVX.

Drawdown Indicators

	FDECX	BRLVX	Difference
Max Drawdown Largest peak-to-trough decline	-58.50%	-55.94%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-7.49%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-20.37%	-23.02%	+2.65%
Max Drawdown (5Y) Largest decline over 5 years	-22.40%	-23.02%	+0.62%
Max Drawdown (10Y) Largest decline over 10 years	-36.71%	-42.13%	+5.42%
Current Drawdown Current decline from peak	-1.60%	-0.96%	-0.64%
Average Drawdown Average peak-to-trough decline	-8.89%	-8.04%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.75%	+0.44%

Volatility

FDECX vs. BRLVX - Volatility Comparison

Fidelity Advisor Capital Development Fund Class C (FDECX) has a higher volatility of 3.08% compared to American Beacon Bridgeway Large Cap Value Fund (BRLVX) at 2.70%. This indicates that FDECX's price experiences larger fluctuations and is considered to be riskier than BRLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDECX	BRLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	2.70%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	10.67%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	13.30%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	18.98%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	20.04%	-1.27%

FDECX vs. BRLVX - Expense Ratio Comparison

FDECX has a 1.80% expense ratio, which is higher than BRLVX's 0.75% expense ratio.

Dividends

FDECX vs. BRLVX - Dividend Comparison

FDECX's dividend yield for the trailing twelve months is around 10.59%, which matches BRLVX's 10.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRLVX American Beacon Bridgeway Large Cap Value Fund	10.63%	12.63%	18.01%	12.03%	4.88%	9.69%	10.64%	4.23%	9.41%	5.80%	1.42%	3.71%
FDECX Fidelity Advisor Capital Development Fund Class C	10.59%	11.60%	9.37%	3.86%	5.15%	5.29%	3.62%	7.13%	15.93%	5.86%	2.18%	5.15%

Frequently Asked Questions

Can I hold both FDECX and BRLVX in my portfolio?

FDECX and BRLVX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDECX or BRLVX?

FDECX has higher volatility (3.08%) compared to BRLVX (2.70%). In terms of maximum drawdown, FDECX dropped -58.50% vs BRLVX's -55.94%.

Which has better risk-adjusted returns?

BRLVX currently has the higher Sharpe Ratio (2.86 vs 1.66), 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.