MRLIX vs. FSPGX
MRLIX (AMG Renaissance Large Cap Growth Fund) and FSPGX (Fidelity Large Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, MRLIX returned 4.34%/yr vs 11.68%/yr for FSPGX. Their correlation of 0.91 means they have usually moved in the same direction. MRLIX charges 0.66%/yr vs 0.04%/yr for FSPGX.
Performance
MRLIX vs. FSPGX - Performance Comparison
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Returns By Period
In the year-to-date period, MRLIX achieves a 3.11% return, which is significantly higher than FSPGX's -0.52% return.
MRLIX
- 1D
- 2.15%
- 1M
- -0.96%
- 6M
- 2.69%
- YTD
- 3.11%
- 1Y
- -6.89%
- 3Y*
- 4.79%
- 5Y*
- 4.34%
- 10Y*
- 12.61%
- ALL TIME*
- 12.94%
FSPGX
- 1D
- 2.95%
- 1M
- -3.22%
- 6M
- 1.01%
- YTD
- -0.52%
- 1Y
- 9.22%
- 3Y*
- 18.94%
- 5Y*
- 11.68%
- 10Y*
- —
- ALL TIME*
- 17.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MRLIX vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRLIX AMG Renaissance Large Cap Growth Fund | 3.11% | -4.22% | 9.25% | 25.51% | -16.98% | 30.76% | 23.92% | 47.97% | -6.66% | 22.50% |
FSPGX Fidelity Large Cap Growth Index Fund | -0.52% | 18.54% | 33.27% | 42.77% | -29.17% | 27.57% | 38.46% | 36.38% | -1.79% | 27.70% |
Correlation
The correlation between MRLIX and FSPGX is 0.82, 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. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.91 |
The correlation between MRLIX and FSPGX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
MRLIX vs. FSPGX — Risk / Return Rank
MRLIX
FSPGX
MRLIX vs. FSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Renaissance Large Cap Growth Fund (MRLIX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.
| MRLIX | FSPGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.08 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.45 | -0.82 |
| Martin ratioReturn relative to average drawdown | -0.70 | 1.34 | -2.04 |
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Drawdowns
MRLIX vs. FSPGX - Drawdown Comparison
The maximum MRLIX drawdown since its inception was -34.16%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for MRLIX and FSPGX.
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Drawdown Indicators
| MRLIX | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -32.66% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -23.75% | -16.17% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -23.32% | -4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -32.66% | +5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | — | — |
Current DrawdownCurrent decline from peak | -15.43% | -8.74% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -6.36% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.62% | 5.38% | +7.24% |
Volatility
MRLIX vs. FSPGX - Volatility Comparison
The current volatility for AMG Renaissance Large Cap Growth Fund (MRLIX) is 3.94%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.40%. This indicates that MRLIX experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRLIX | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 6.40% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 14.04% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 17.49% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 21.81% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 21.58% | -1.87% |
MRLIX vs. FSPGX - Expense Ratio Comparison
MRLIX has a 0.66% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Dividends
MRLIX vs. FSPGX - Dividend Comparison
MRLIX has not paid dividends to shareholders, while FSPGX's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPGX Fidelity Large Cap Growth Index Fund | 0.39% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 0.00% | 0.00% |
MRLIX AMG Renaissance Large Cap Growth Fund | 0.00% | 0.00% | 1.52% | 7.77% | 7.44% | 8.36% | 5.23% | 17.34% | 24.83% | 3.35% | 2.29% | 1.59% |
Frequently Asked Questions
MRLIX and FSPGX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPGX has higher volatility (6.40%) compared to MRLIX (3.94%). In terms of maximum drawdown, MRLIX dropped -34.16% vs FSPGX's -32.66%.
FSPGX currently has the higher Sharpe Ratio (0.41 vs -0.43), 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.
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