FMAMX vs. AMRGX

Last updated Aug 1, 2026

FMAMX (Fidelity Advisor Stock Selector All Cap Fund Class A) and AMRGX (American Growth Fund Series One) are both Large Cap Growth Equities funds. Over the past 10 years, FMAMX returned 14.53%/yr vs 11.79%/yr for AMRGX. Their correlation of 0.89 means they have usually moved in the same direction. FMAMX charges 0.96%/yr vs 4.07%/yr for AMRGX.

Performance

FMAMX vs. AMRGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector All Cap Fund Class A (FMAMX) and American Growth Fund Series One (AMRGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMAMX achieves a 14.29% return, which is significantly lower than AMRGX's 17.06% return. Over the past 10 years, FMAMX has outperformed AMRGX with an annualized return of 14.53%, while AMRGX has yielded a comparatively lower 11.79% annualized return.

FMAMX

• 1D: 1.87%
• 1M: -0.82%
• 6M: 11.34%
• YTD: 14.29%
• 1Y: 27.96%
• 3Y*: 19.33%
• 5Y*: 11.66%
• 10Y*: 14.53%
• ALL TIME*: 13.97%

AMRGX

• 1D: 2.55%
• 1M: -0.50%
• 6M: 12.78%
• YTD: 17.06%
• 1Y: 37.70%
• 3Y*: 17.59%
• 5Y*: 9.71%
• 10Y*: 11.79%
• ALL TIME*: 2.94%

*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)
AMRGX American Growth Fund Series One	$0.00	$0.00	$0.00
FMAMX Fidelity Advisor Stock Selector All Cap Fund Class A	$0.00	$0.00	$0.00

FMAMX vs. AMRGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMAMX Fidelity Advisor Stock Selector All Cap Fund Class A	14.29%	18.54%	19.44%	26.57%	-19.78%	22.78%	24.52%	31.81%	-8.87%	24.42%
AMRGX American Growth Fund Series One	17.06%	11.18%	16.61%	24.38%	-19.93%	15.64%	18.65%	36.73%	-9.07%	13.37%

Correlation

The correlation between FMAMX and AMRGX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.89

The correlation between FMAMX and AMRGX shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FMAMX vs. AMRGX — Risk / Return Rank

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

FMAMX

FMAMX Risk / Return Rank: 77
FMAMX Sharpe Ratio Rank: 75
FMAMX Sortino Ratio Rank: 70
FMAMX Omega Ratio Rank: 71
FMAMX Calmar Ratio Rank: 81
FMAMX Martin Ratio Rank: 90

AMRGX

AMRGX Risk / Return Rank: 56
AMRGX Sharpe Ratio Rank: 43
AMRGX Sortino Ratio Rank: 49
AMRGX Omega Ratio Rank: 69
AMRGX Calmar Ratio Rank: 78
AMRGX Martin Ratio Rank: 41

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.

FMAMX vs. AMRGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class A (FMAMX) and American Growth Fund Series One (AMRGX). 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.

	FMAMX	AMRGX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.22	+0.58
Sortino ratio: Return per unit of downside risk	2.47	1.88	+0.59
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.78	2.50	+0.28
Martin ratio: Return relative to average drawdown	12.55	5.86	+6.68

FMAMX vs. AMRGX - Sharpe Ratio Comparison

The current FMAMX Sharpe Ratio is 1.80, which is higher than the AMRGX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of FMAMX and AMRGX, 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

FMAMX vs. AMRGX - Drawdown Comparison

The maximum FMAMX drawdown since its inception was -34.39%, smaller than the maximum AMRGX drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for FMAMX and AMRGX.

Drawdown Indicators

	FMAMX	AMRGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-80.32%	+45.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-13.98%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-20.93%	-21.15%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-25.45%	-35.42%	+9.97%
Max Drawdown (10Y) Largest decline over 10 years	-34.39%	-35.42%	+1.03%
Current Drawdown Current decline from peak	-2.31%	-5.31%	+3.00%
Average Drawdown Average peak-to-trough decline	-4.47%	-40.05%	+35.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	5.91%	-3.87%

Volatility

FMAMX vs. AMRGX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class A (FMAMX) is 3.73%, while American Growth Fund Series One (AMRGX) has a volatility of 6.43%. This indicates that FMAMX experiences smaller price fluctuations and is considered to be less risky than AMRGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMAMX	AMRGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	6.43%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	17.26%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	28.73%	-14.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	22.64%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.58%	21.64%	-3.06%

FMAMX vs. AMRGX - Expense Ratio Comparison

FMAMX has a 0.96% expense ratio, which is lower than AMRGX's 4.07% expense ratio.

Dividends

FMAMX vs. AMRGX - Dividend Comparison

FMAMX's dividend yield for the trailing twelve months is around 3.92%, less than AMRGX's 15.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMRGX American Growth Fund Series One	15.23%	17.82%	12.39%	8.17%	7.77%	12.21%	2.36%	0.00%	0.00%	0.00%	0.00%	0.00%
FMAMX Fidelity Advisor Stock Selector All Cap Fund Class A	3.92%	4.48%	4.52%	1.76%	0.29%	1.08%	4.94%	5.79%	4.06%	3.06%	0.69%	4.76%

Frequently Asked Questions

Can I hold both FMAMX and AMRGX in my portfolio?

FMAMX and AMRGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMAMX or AMRGX?

AMRGX has higher volatility (6.43%) compared to FMAMX (3.73%). In terms of maximum drawdown, FMAMX dropped -34.39% vs AMRGX's -80.32%.

Which has better risk-adjusted returns?

FMAMX currently has the higher Sharpe Ratio (1.80 vs 1.22), 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.