FSAEX vs. YAFFX

Last updated Aug 1, 2026

FSAEX (Fidelity Series All-Sector Equity Fund) and YAFFX (AMG Yacktman Focused Fund) are both mutual funds - FSAEX is a Large Cap Blend Equities fund managed by Fidelity, while YAFFX is a Large Cap Value Equities fund managed by AMG. Over the past 10 years, FSAEX returned 16.25%/yr vs 12.96%/yr for YAFFX. Their correlation of 0.81 means they have usually moved in the same direction. FSAEX charges 0.00%/yr vs 1.25%/yr for YAFFX.

Performance

FSAEX vs. YAFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series All-Sector Equity Fund (FSAEX) and AMG Yacktman Focused Fund (YAFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSAEX achieves a 11.40% return, which is significantly lower than YAFFX's 24.36% return. Over the past 10 years, FSAEX has outperformed YAFFX with an annualized return of 16.25%, while YAFFX has yielded a comparatively lower 12.96% annualized return.

FSAEX

• 1D: 2.30%
• 1M: -0.26%
• 6M: 10.61%
• YTD: 11.40%
• 1Y: 22.29%
• 3Y*: 21.47%
• 5Y*: 14.09%
• 10Y*: 16.25%
• ALL TIME*: 14.33%

YAFFX

• 1D: 1.96%
• 1M: 2.89%
• 6M: 12.11%
• YTD: 24.36%
• 1Y: 41.65%
• 3Y*: 17.52%
• 5Y*: 11.56%
• 10Y*: 12.96%
• ALL TIME*: 10.47%

*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)
FSAEX Fidelity Series All-Sector Equity Fund	$0.00	$0.00	$0.00
YAFFX AMG Yacktman Focused Fund	$0.00	$0.00	$0.00

FSAEX vs. YAFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSAEX Fidelity Series All-Sector Equity Fund	11.40%	19.80%	26.86%	30.61%	-18.55%	26.89%	26.23%	32.18%	-6.56%	21.64%
YAFFX AMG Yacktman Focused Fund	24.36%	23.70%	0.63%	16.53%	-8.20%	16.48%	17.22%	19.21%	2.99%	20.07%

Correlation

The correlation between FSAEX and YAFFX is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Oct 20, 2008	0.81

Over the past year, the correlation between FSAEX and YAFFX has dropped to 0.50 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FSAEX vs. YAFFX — Risk / Return Rank

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

FSAEX

FSAEX Risk / Return Rank: 61
FSAEX Sharpe Ratio Rank: 60
FSAEX Sortino Ratio Rank: 57
FSAEX Omega Ratio Rank: 57
FSAEX Calmar Ratio Rank: 61
FSAEX Martin Ratio Rank: 72

YAFFX

YAFFX Risk / Return Rank: 89
YAFFX Sharpe Ratio Rank: 92
YAFFX Sortino Ratio Rank: 84
YAFFX Omega Ratio Rank: 87
YAFFX Calmar Ratio Rank: 96
YAFFX Martin Ratio Rank: 87

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.

FSAEX vs. YAFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) and AMG Yacktman Focused Fund (YAFFX). 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.

	FSAEX	YAFFX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.37	-0.92
Sortino ratio: Return per unit of downside risk	2.04	2.98	-0.94
Omega ratio: Gain probability vs. loss probability	1.26	1.44	-0.18
Calmar ratio: Return relative to maximum drawdown	2.05	4.38	-2.33
Martin ratio: Return relative to average drawdown	8.73	10.92	-2.19

FSAEX vs. YAFFX - Sharpe Ratio Comparison

The current FSAEX Sharpe Ratio is 1.45, which is lower than the YAFFX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FSAEX and YAFFX, 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

FSAEX vs. YAFFX - Drawdown Comparison

The maximum FSAEX drawdown since its inception was -34.55%, smaller than the maximum YAFFX drawdown of -43.80%. Use the drawdown chart below to compare losses from any high point for FSAEX and YAFFX.

Drawdown Indicators

	FSAEX	YAFFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.55%	-43.80%	+9.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-8.76%	-1.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.87%	-15.63%	-4.24%
Max Drawdown (5Y) Largest decline over 5 years	-24.66%	-21.31%	-3.35%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-30.62%	-3.93%
Current Drawdown Current decline from peak	-1.56%	-5.35%	+3.79%
Average Drawdown Average peak-to-trough decline	-4.53%	-6.09%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	3.51%	-1.21%

Volatility

FSAEX vs. YAFFX - Volatility Comparison

The current volatility for Fidelity Series All-Sector Equity Fund (FSAEX) is 3.85%, while AMG Yacktman Focused Fund (YAFFX) has a volatility of 4.34%. This indicates that FSAEX experiences smaller price fluctuations and is considered to be less risky than YAFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSAEX	YAFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.34%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	14.23%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	16.20%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	13.93%	+4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	14.34%	+4.47%

FSAEX vs. YAFFX - Expense Ratio Comparison

FSAEX has a 0.00% expense ratio, which is lower than YAFFX's 1.25% expense ratio.

Dividends

FSAEX vs. YAFFX - Dividend Comparison

FSAEX's dividend yield for the trailing twelve months is around 7.52%, less than YAFFX's 14.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSAEX Fidelity Series All-Sector Equity Fund	7.52%	7.36%	8.95%	5.50%	11.89%	20.94%	12.13%	8.60%	41.30%	14.60%	17.85%	9.61%
YAFFX AMG Yacktman Focused Fund	14.92%	18.55%	10.20%	4.42%	7.60%	4.70%	11.87%	15.84%	22.15%	11.82%	11.81%	24.36%

Frequently Asked Questions

Can I hold both FSAEX and YAFFX in my portfolio?

FSAEX and YAFFX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSAEX or YAFFX?

YAFFX has higher volatility (4.34%) compared to FSAEX (3.85%). In terms of maximum drawdown, FSAEX dropped -34.55% vs YAFFX's -43.80%.

Which has better risk-adjusted returns?

YAFFX currently has the higher Sharpe Ratio (2.37 vs 1.45), 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.