FMAMX vs. KLCIX

Last updated Jun 4, 2026

FMAMX (Fidelity Advisor Stock Selector All Cap Fund Class A) and KLCIX (Federated Hermes Kaufmann Large Cap Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FMAMX returned 15.05%/yr vs 20.05%/yr for KLCIX. Their correlation of 0.86 suggests significant overlap in exposure. FMAMX charges 0.96%/yr vs 0.84%/yr for KLCIX.

Performance

FMAMX vs. KLCIX - 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 Federated Hermes Kaufmann Large Cap Fund (KLCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FMAMX having a 15.69% return and KLCIX slightly lower at 15.11%. Over the past 10 years, FMAMX has underperformed KLCIX with an annualized return of 15.05%, while KLCIX has yielded a comparatively higher 20.05% annualized return.

FMAMX

• 1D: 0.34%
• 1M: 5.86%
• YTD: 15.69%
• 6M: 16.22%
• 1Y: 37.00%
• 3Y*: 22.49%
• 5Y*: 12.82%
• 10Y*: 15.05%

KLCIX

• 1D: -0.21%
• 1M: 9.59%
• YTD: 15.11%
• 6M: 14.03%
• 1Y: 32.33%
• 3Y*: 45.40%
• 5Y*: 21.92%
• 10Y*: 20.05%

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

FMAMX vs. KLCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMAMX Fidelity Advisor Stock Selector All Cap Fund Class A	15.69%	18.54%	19.44%	26.57%	-19.78%	22.78%	24.52%	31.81%	-8.87%	24.42%
KLCIX Federated Hermes Kaufmann Large Cap Fund	15.11%	18.71%	90.57%	33.02%	-30.06%	13.95%	28.58%	38.16%	0.16%	23.57%

Correlation

The correlation between FMAMX and KLCIX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.86

Over the past year, the correlation between FMAMX and KLCIX has dropped to 0.29 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

FMAMX vs. KLCIX — Risk / Return Rank

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

FMAMX

FMAMX Risk / Return Rank: 86
FMAMX Sharpe Ratio Rank: 88
FMAMX Sortino Ratio Rank: 82
FMAMX Omega Ratio Rank: 80
FMAMX Calmar Ratio Rank: 85
FMAMX Martin Ratio Rank: 93

KLCIX

KLCIX Risk / Return Rank: 43
KLCIX Sharpe Ratio Rank: 50
KLCIX Sortino Ratio Rank: 47
KLCIX Omega Ratio Rank: 55
KLCIX Calmar Ratio Rank: 32
KLCIX Martin Ratio Rank: 32

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.

FMAMX vs. KLCIX - 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 Federated Hermes Kaufmann Large Cap Fund (KLCIX). 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.

	FMAMX	KLCIX	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.10	+0.82
Sortino ratio: Return per unit of downside risk	3.91	2.89	+1.02
Omega ratio: Gain probability vs. loss probability	1.53	1.41	+0.12
Calmar ratio: Return relative to maximum drawdown	4.11	2.11	+2.00
Martin ratio: Return relative to average drawdown	19.87	7.40	+12.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMAMX vs. KLCIX - Sharpe Ratio Comparison

The current FMAMX Sharpe Ratio is 2.92, which is higher than the KLCIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FMAMX and KLCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FMAMX	KLCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	2.10	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.42	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.51	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.46	+0.36

Drawdowns

FMAMX vs. KLCIX - Drawdown Comparison

The maximum FMAMX drawdown since its inception was -34.39%, smaller than the maximum KLCIX drawdown of -51.80%. Use the drawdown chart below to compare losses from any high point for FMAMX and KLCIX.

Drawdown Indicators

	FMAMX	KLCIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-51.80%	+17.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-15.36%	+6.14%
Max Drawdown (3Y) Largest decline over 3 years	-20.93%	-41.04%	+20.11%
Max Drawdown (5Y) Largest decline over 5 years	-25.45%	-41.04%	+15.59%
Max Drawdown (10Y) Largest decline over 10 years	-34.39%	-41.04%	+6.65%
Current Drawdown Current decline from peak	0.00%	-2.28%	+2.28%
Average Drawdown Average peak-to-trough decline	-4.50%	-9.28%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	4.38%	-2.48%

Volatility

FMAMX vs. KLCIX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class A (FMAMX) is 3.37%, while Federated Hermes Kaufmann Large Cap Fund (KLCIX) has a volatility of 4.61%. This indicates that FMAMX experiences smaller price fluctuations and is considered to be less risky than KLCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMAMX	KLCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	4.61%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	12.57%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	15.51%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	52.27%	-34.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	39.69%	-21.12%

FMAMX vs. KLCIX - Expense Ratio Comparison

FMAMX has a 0.96% expense ratio, which is higher than KLCIX's 0.84% expense ratio.

Dividends

FMAMX vs. KLCIX - Dividend Comparison

FMAMX's dividend yield for the trailing twelve months is around 3.88%, less than KLCIX's 25.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMAMX Fidelity Advisor Stock Selector All Cap Fund Class A	3.88%	4.48%	4.52%	1.76%	0.29%	1.08%	4.94%	5.79%	4.06%	3.06%	0.69%	4.76%
KLCIX Federated Hermes Kaufmann Large Cap Fund	25.72%	29.60%	72.67%	29.59%	26.95%	14.50%	3.48%	4.34%	11.36%	1.41%	0.00%	0.01%

Frequently Asked Questions

Can I hold both FMAMX and KLCIX in my portfolio?

FMAMX and KLCIX 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.

Which is riskier, FMAMX or KLCIX?

KLCIX has higher volatility (4.61%) compared to FMAMX (3.37%). In terms of maximum drawdown, FMAMX dropped -34.39% vs KLCIX's -51.80%.

Which has better risk-adjusted returns?

FMAMX currently has the higher Sharpe Ratio (2.92 vs 2.10), 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.