- ISIN
- US3163894021
- CUSIP
- 316389402
- Issuer
- Fidelity
- Inception Date
- Apr 27, 1993
- Category
- Large Cap Blend Equities, Dividend
- Min. Investment
- $0
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FDGFX Performance Chart
Fidelity Dividend Growth Fund (FDGFX) is up 18.5% since the beginning of the year. FDGFX is currently trading at $50 per share. Investors who bought $1,000 worth of FDGFX shares 5 years ago would now be looking at an investment worth $2,174.
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Returns By Period
Fidelity Dividend Growth Fund (FDGFX) has returned 18.52% so far this year and 40.44% over the past 12 months. Over the last decade, FDGFX has posted an annualized return of 14.40%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
Fidelity Dividend Growth Fund
- 1D
- 1.72%
- 1M
- 3.26%
- YTD
- 18.52%
- 6M
- 18.30%
- 1Y
- 40.44%
- 3Y*
- 26.77%
- 5Y*
- 16.80%
- 10Y*
- 14.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FDGFX Monthly Returns History
Based on dividend-adjusted daily data since Jul 14, 1995, FDGFX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +17.6%, while the worst month was Oct 2008 at -21.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FDGFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.0%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.93% | 1.52% | -6.22% | 11.94% | 4.38% | 1.53% | 18.52% | ||||||
| 2025 | 3.66% | -3.48% | -5.33% | -0.16% | 8.20% | 5.07% | 3.73% | 1.53% | 2.93% | 2.21% | 1.41% | 1.39% | 22.48% |
| 2024 | 1.58% | 5.70% | 5.90% | -2.91% | 7.01% | 1.49% | 0.82% | 1.51% | 2.10% | -0.65% | 5.11% | -2.48% | 27.58% |
| 2023 | 4.34% | -4.12% | 1.93% | 1.89% | -1.93% | 5.86% | 3.45% | -1.33% | -3.61% | -2.12% | 7.80% | 5.27% | 17.86% |
| 2022 | -5.76% | -2.11% | 3.52% | -5.90% | 1.16% | -7.27% | 6.85% | -3.20% | -8.27% | 8.63% | 5.96% | -3.98% | -11.61% |
| 2021 | -0.42% | 4.66% | 4.24% | 5.05% | 1.98% | 0.83% | 1.13% | 1.33% | -3.80% | 6.91% | -1.96% | 5.53% | 27.96% |
Benchmark Metrics
Fidelity Dividend Growth Fund has an annualized alpha of 1.75%, beta of 1.01, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since July 14, 1995.
- This fund captured 107.09% of S&P 500 Index gains but only 98.97% of its losses - a favorable profile for investors.
- With beta of 1.01 and R2 of 0.92, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.75%
- Beta
- 1.01
- R²
- 0.92
- Upside Capture
- 107.09%
- Downside Capture
- 98.97%
Expense Ratio
FDGFX has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FDGFX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and compare them to S&P 500 Index.
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.
| FDGFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.78 | +1.16 |
| Martin ratioReturn relative to average drawdown | 17.31 | 12.44 | +4.87 |
Dividends
Dividend History
Fidelity Dividend Growth Fund provided a 8.05% dividend yield over the last twelve months, with an annual payout of $4.05 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.05 | $3.98 | $3.75 | $1.15 | $3.33 | $2.86 | $0.59 | $1.50 | $5.80 | $5.04 | $0.51 | $2.56 |
Dividend yield | 8.05% | 9.35% | 9.81% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 15.35% | 1.58% | 8.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Dividend Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $2.50 | $0.00 | $0.25 | $0.00 | $1.10 | $3.98 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 | $0.00 | $2.52 | $0.13 | $0.00 | $0.93 | $3.75 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 | $0.00 | $0.50 | $0.16 | $0.00 | $0.30 | $1.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.00 | $2.71 | $0.15 | $0.00 | $0.30 | $3.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.11 | $0.00 | $0.00 | $0.76 | $2.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Dividend Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Dividend Growth Fund was 60.77%, occurring on Mar 9, 2009. Recovery took 480 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.77%Mar 2009 | 1y 5mo | 1y 10mo | 3y 3moOct 2007 - Feb 2011 |
COVID crash2020 | -41.29%Mar 2020 | 2mo 2d | 9mo 13d | 11mo 15dJan 2020 - Dec 2020 |
Dot-com crash2000–2002 | -36.28%Oct 2002 | 1y 4mo | 3y 1mo | 4y 6moMay 2001 - Nov 2005 |
2011 bear market2011 | -27.71%Oct 2011 | 5mo 4d | 11mo 16d | 1y 4moMay 2011 - Sep 2012 |
2025 selloff2025 | -21.37%Apr 2025 | 2mo 14d | 2mo 23d | 5mo 7dJan 2025 - Jun 2025 |
Drawdown Indicators
| FDGFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -56.78% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -9.10% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.37% | -18.90% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.37% | -25.43% | +4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.29% | -33.92% | -7.37% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -10.71% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.03% | +0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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