FGJEX vs. AMFEX

Last updated Aug 1, 2026

FGJEX (Fidelity Advisor Growth & Income Fund Class Z) and AMFEX (AAMA Equity Fund) are both Large Cap Blend Equities funds. Over the past year, FGJEX returned 20.83% vs 24.69% for AMFEX. Their correlation of 0.85 means they have usually moved in the same direction. FGJEX charges 0.46%/yr vs 1.17%/yr for AMFEX.

Performance

FGJEX vs. AMFEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth & Income Fund Class Z (FGJEX) and AAMA Equity Fund (AMFEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGJEX achieves a 10.81% return, which is significantly lower than AMFEX's 13.57% return.

FGJEX

• 1D: 1.62%
• 1M: 0.69%
• 6M: 7.67%
• YTD: 10.81%
• 1Y: 20.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.96%

AMFEX

• 1D: 0.80%
• 1M: 0.71%
• 6M: 8.82%
• YTD: 13.57%
• 1Y: 24.69%
• 3Y*: 16.86%
• 5Y*: 10.69%
• 10Y*: —
• ALL TIME*: 12.18%

*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)
AMFEX AAMA Equity Fund	$0.00	$0.00	$0.00
FGJEX Fidelity Advisor Growth & Income Fund Class Z	$0.00	$0.00	$0.00

FGJEX vs. AMFEX - Yearly Performance Comparison

	2026 (YTD)	2025
FGJEX Fidelity Advisor Growth & Income Fund Class Z	10.81%	24.15%
AMFEX AAMA Equity Fund	13.57%	20.83%

Correlation

The correlation between FGJEX and AMFEX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.85

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

Return for Risk

FGJEX vs. AMFEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGJEX

FGJEX Risk / Return Rank: 72
FGJEX Sharpe Ratio Rank: 73
FGJEX Sortino Ratio Rank: 71
FGJEX Omega Ratio Rank: 71
FGJEX Calmar Ratio Rank: 68
FGJEX Martin Ratio Rank: 78

AMFEX

AMFEX Risk / Return Rank: 89
AMFEX Sharpe Ratio Rank: 89
AMFEX Sortino Ratio Rank: 85
AMFEX Omega Ratio Rank: 83
AMFEX Calmar Ratio Rank: 92
AMFEX Martin Ratio Rank: 95

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.

FGJEX vs. AMFEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth & Income Fund Class Z (FGJEX) and AAMA Equity Fund (AMFEX). 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	AMFEX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.22	-0.54
Sortino ratio: Return per unit of downside risk	2.39	3.03	-0.64
Omega ratio: Gain probability vs. loss probability	1.30	1.39	-0.09
Calmar ratio: Return relative to maximum drawdown	2.23	3.69	-1.46
Martin ratio: Return relative to average drawdown	9.43	15.37	-5.94

FGJEX vs. AMFEX - Sharpe Ratio Comparison

The current FGJEX Sharpe Ratio is 1.68, which is comparable to the AMFEX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FGJEX and AMFEX, 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. AMFEX - Drawdown Comparison

The maximum FGJEX drawdown since its inception was -8.32%, smaller than the maximum AMFEX drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for FGJEX and AMFEX.

Drawdown Indicators

	FGJEX	AMFEX	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-30.41%	+22.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-6.07%	-2.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.21%	—
Current Drawdown Current decline from peak	0.00%	-0.42%	+0.42%
Average Drawdown Average peak-to-trough decline	-1.01%	-4.24%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.46%	+0.51%

Volatility

FGJEX vs. AMFEX - Volatility Comparison

Fidelity Advisor Growth & Income Fund Class Z (FGJEX) has a higher volatility of 2.92% compared to AAMA Equity Fund (AMFEX) at 2.37%. This indicates that FGJEX's price experiences larger fluctuations and is considered to be riskier than AMFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGJEX	AMFEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.37%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	7.74%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	10.10%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.86%	14.22%	-3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.86%	16.84%	-5.98%

FGJEX vs. AMFEX - Expense Ratio Comparison

FGJEX has a 0.46% expense ratio, which is lower than AMFEX's 1.17% expense ratio.

Dividends

FGJEX vs. AMFEX - Dividend Comparison

FGJEX's dividend yield for the trailing twelve months is around 8.60%, less than AMFEX's 10.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AMFEX AAMA Equity Fund	10.56%	11.99%	9.19%	0.92%	4.82%	0.22%	0.44%	0.78%	0.83%
FGJEX Fidelity Advisor Growth & Income Fund Class Z	8.60%	9.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGJEX and AMFEX in my portfolio?

FGJEX and AMFEX 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 AMFEX?

FGJEX has higher volatility (2.92%) compared to AMFEX (2.37%). In terms of maximum drawdown, FGJEX dropped -8.32% vs AMFEX's -30.41%.

Which has better risk-adjusted returns?

AMFEX currently has the higher Sharpe Ratio (2.22 vs 1.68), 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.