Trees have shown the same pattern — we had a large, older tree go down, one which had quite a bit of fungus growing around it, & the trees planted near the old site did well while new trees on the other side of the yard did not, even with significant, regular watering.
Note that fertilizer applications are not synergistic with mycorrhizal fungi, fertilizer applications typically prevent the benefits of mycorrhizal fungi, plants no longer need to rely on mycorrhizal fungi for nutrients. I have noticed an "explosion" of fertilizer and supposedly growth enhancing products touting their microbial benefits with labels that show long lists of various beneficial microorganisms, but it's mostly just marketing hype.
Its not really a fair comparison. This is like comparing PDAs to desktop computers in 1991, and surmising that mobile devices are just marketing hype.