FTGRX vs. MUIGX

Last updated Aug 1, 2026

FTGRX (Fidelity Advisor Mega Cap Stock Fund Class M) and MUIGX (Nationwide BNY Mellon Dynamic U.S. Core Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FTGRX returned 15.63%/yr vs 15.96%/yr for MUIGX. Their correlation of 0.91 means they have usually moved in the same direction. FTGRX charges 1.15%/yr vs 0.50%/yr for MUIGX.

Performance

FTGRX vs. MUIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) and Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTGRX achieves a 10.36% return, which is significantly higher than MUIGX's 8.64% return. Both investments have delivered pretty close results over the past 10 years, with FTGRX having a 15.63% annualized return and MUIGX not far ahead at 15.96%.

FTGRX

• 1D: 2.11%
• 1M: 0.15%
• 6M: 7.11%
• YTD: 10.36%
• 1Y: 22.84%
• 3Y*: 22.17%
• 5Y*: 15.79%
• 10Y*: 15.63%
• ALL TIME*: 11.50%

MUIGX

• 1D: 1.56%
• 1M: -0.71%
• 6M: 7.28%
• YTD: 8.64%
• 1Y: 19.33%
• 3Y*: 17.62%
• 5Y*: 10.74%
• 10Y*: 15.96%
• ALL TIME*: 8.44%

*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)
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	$0.00	$0.00	$0.00
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund	$0.00	$0.00	$0.00

FTGRX vs. MUIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	10.36%	26.22%	25.36%	25.83%	-9.51%	25.63%	12.30%	30.47%	-7.95%	17.25%
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund	8.64%	17.35%	22.33%	24.28%	-21.86%	30.48%	19.17%	47.45%	-0.65%	27.24%

Correlation

The correlation between FTGRX and MUIGX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008	0.91

The correlation between FTGRX and MUIGX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FTGRX vs. MUIGX — Risk / Return Rank

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

FTGRX

FTGRX Risk / Return Rank: 68
FTGRX Sharpe Ratio Rank: 67
FTGRX Sortino Ratio Rank: 64
FTGRX Omega Ratio Rank: 62
FTGRX Calmar Ratio Rank: 68
FTGRX Martin Ratio Rank: 79

MUIGX

MUIGX Risk / Return Rank: 49
MUIGX Sharpe Ratio Rank: 48
MUIGX Sortino Ratio Rank: 45
MUIGX Omega Ratio Rank: 44
MUIGX Calmar Ratio Rank: 51
MUIGX Martin Ratio Rank: 58

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.

FTGRX vs. MUIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) and Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX). 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.

	FTGRX	MUIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.35	+0.26
Sortino ratio: Return per unit of downside risk	2.27	1.91	+0.36
Omega ratio: Gain probability vs. loss probability	1.29	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	2.27	1.93	+0.34
Martin ratio: Return relative to average drawdown	9.81	7.89	+1.91

FTGRX vs. MUIGX - Sharpe Ratio Comparison

The current FTGRX Sharpe Ratio is 1.60, which is comparable to the MUIGX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FTGRX and MUIGX, 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

FTGRX vs. MUIGX - Drawdown Comparison

The maximum FTGRX drawdown since its inception was -52.75%, smaller than the maximum MUIGX drawdown of -68.10%. Use the drawdown chart below to compare losses from any high point for FTGRX and MUIGX.

Drawdown Indicators

	FTGRX	MUIGX	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	-68.10%	+15.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-8.95%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-18.02%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	-23.63%	-27.33%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-35.31%	-32.70%	-2.61%
Current Drawdown Current decline from peak	-1.43%	-2.55%	+1.12%
Average Drawdown Average peak-to-trough decline	-6.74%	-16.83%	+10.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.19%	-0.09%

Volatility

FTGRX vs. MUIGX - Volatility Comparison

Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) has a higher volatility of 3.59% compared to Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) at 3.32%. This indicates that FTGRX's price experiences larger fluctuations and is considered to be riskier than MUIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTGRX	MUIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.32%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	10.09%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	12.83%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	17.08%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	18.51%	-0.42%

FTGRX vs. MUIGX - Expense Ratio Comparison

FTGRX has a 1.15% expense ratio, which is higher than MUIGX's 0.50% expense ratio.

Dividends

FTGRX vs. MUIGX - Dividend Comparison

FTGRX's dividend yield for the trailing twelve months is around 3.12%, less than MUIGX's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	3.12%	3.44%	2.20%	1.60%	3.88%	4.34%	7.59%	12.62%	21.28%	15.95%	1.52%	3.66%
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund	4.56%	4.96%	4.60%	1.41%	1.15%	7.64%	2.77%	14.46%	48.57%	10.32%	5.60%	4.96%

Frequently Asked Questions

Can I hold both FTGRX and MUIGX in my portfolio?

With a correlation of 0.94, FTGRX and MUIGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTGRX or MUIGX?

FTGRX has higher volatility (3.59%) compared to MUIGX (3.32%). In terms of maximum drawdown, FTGRX dropped -52.75% vs MUIGX's -68.10%.

Which has better risk-adjusted returns?

FTGRX currently has the higher Sharpe Ratio (1.60 vs 1.35), 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.