FGJEX vs. AFIFX

Last updated Jun 23, 2026

FGJEX (Fidelity Advisor Growth & Income Fund Class Z) and AFIFX (American Funds Fundamental Investors Class F-1) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, FGJEX returned 23.37% vs 33.05% for AFIFX. Their correlation of 0.86 suggests significant overlap in exposure. FGJEX charges 0.46%/yr vs 0.64%/yr for AFIFX.

Performance

FGJEX vs. AFIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth & Income Fund Class Z (FGJEX) and American Funds Fundamental Investors Class F-1 (AFIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGJEX achieves a 8.22% return, which is significantly lower than AFIFX's 14.84% return.

FGJEX

• 1D: 0.50%
• 1M: 1.31%
• YTD: 8.22%
• 6M: 8.05%
• 1Y: 23.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFIFX

• 1D: 1.52%
• 1M: 2.46%
• YTD: 14.84%
• 6M: 15.13%
• 1Y: 33.05%
• 3Y*: 24.79%
• 5Y*: 15.02%
• 10Y*: 14.89%

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

FGJEX vs. AFIFX - Yearly Performance Comparison

	2026 (YTD)	2025
FGJEX Fidelity Advisor Growth & Income Fund Class Z	8.22%	24.15%
AFIFX American Funds Fundamental Investors Class F-1	14.84%	28.19%

Correlation

The correlation between FGJEX and AFIFX is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.86

The correlation between FGJEX and AFIFX has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

FGJEX vs. AFIFX — Risk / Return Rank

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

FGJEX

FGJEX Risk / Return Rank: 62
FGJEX Sharpe Ratio Rank: 64
FGJEX Sortino Ratio Rank: 63
FGJEX Omega Ratio Rank: 60
FGJEX Calmar Ratio Rank: 60
FGJEX Martin Ratio Rank: 64

AFIFX

AFIFX Risk / Return Rank: 70
AFIFX Sharpe Ratio Rank: 71
AFIFX Sortino Ratio Rank: 63
AFIFX Omega Ratio Rank: 64
AFIFX Calmar Ratio Rank: 70
AFIFX Martin Ratio Rank: 80

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.

FGJEX vs. AFIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth & Income Fund Class Z (FGJEX) and American Funds Fundamental Investors Class F-1 (AFIFX). 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.

	FGJEX	AFIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.26	-0.10
Sortino ratio: Return per unit of downside risk	3.02	3.03	-0.01
Omega ratio: Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	2.84	3.09	-0.25
Martin ratio: Return relative to average drawdown	11.85	13.89	-2.03

FGJEX vs. AFIFX - Sharpe Ratio Comparison

The current FGJEX Sharpe Ratio is 2.16, which is comparable to the AFIFX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FGJEX and AFIFX, 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

FGJEX vs. AFIFX - Drawdown Comparison

The maximum FGJEX drawdown since its inception was -8.32%, smaller than the maximum AFIFX drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for FGJEX and AFIFX.

Drawdown Indicators

	FGJEX	AFIFX	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-53.25%	+44.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-10.67%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-0.53%	-0.23%	-0.30%
Average Drawdown Average peak-to-trough decline	-1.05%	-7.36%	+6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.37%	-0.38%

Volatility

FGJEX vs. AFIFX - Volatility Comparison

The current volatility for Fidelity Advisor Growth & Income Fund Class Z (FGJEX) is 3.32%, while American Funds Fundamental Investors Class F-1 (AFIFX) has a volatility of 5.64%. This indicates that FGJEX experiences smaller price fluctuations and is considered to be less risky than AFIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGJEX	AFIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	5.64%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	11.78%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.95%	14.60%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	16.94%	-5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	17.79%	-6.80%

FGJEX vs. AFIFX - Expense Ratio Comparison

FGJEX has a 0.46% expense ratio, which is lower than AFIFX's 0.64% expense ratio.

Dividends

FGJEX vs. AFIFX - Dividend Comparison

FGJEX's dividend yield for the trailing twelve months is around 9.13%, more than AFIFX's 7.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFIFX American Funds Fundamental Investors Class F-1	7.20%	8.48%	8.84%	5.76%	4.92%	10.91%	2.57%	6.86%	9.21%	7.21%	4.65%	6.01%
FGJEX Fidelity Advisor Growth & Income Fund Class Z	9.13%	9.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGJEX and AFIFX in my portfolio?

FGJEX and AFIFX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGJEX or AFIFX?

AFIFX has higher volatility (5.64%) compared to FGJEX (3.32%). In terms of maximum drawdown, FGJEX dropped -8.32% vs AFIFX's -53.25%.

Which has better risk-adjusted returns?

AFIFX currently has the higher Sharpe Ratio (2.26 vs 2.16), 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.