- ISIN
- US31617F2056
- CUSIP
- 31617F205
- Issuer
- Fidelity
- Inception Date
- Mar 31, 1998
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FDSVX Performance Chart
Fidelity Growth Discovery Fund (FDSVX) is up 13.1% since the beginning of the year. FDSVX is currently trading at $79 per share. Investors who bought $1,000 worth of FDSVX shares 5 years ago would now be looking at an investment worth $1,930.
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Returns By Period
Fidelity Growth Discovery Fund (FDSVX) has returned 13.05% so far this year and 27.58% over the past 12 months. Looking at the last ten years, FDSVX has achieved an annualized return of 19.07%, outperforming the S&P 500 Index benchmark, which averaged 13.54% per year.
Fidelity Growth Discovery Fund
- 1D
- 1.73%
- 1M
- 1.60%
- YTD
- 13.05%
- 6M
- 13.55%
- 1Y
- 27.58%
- 3Y*
- 23.30%
- 5Y*
- 14.05%
- 10Y*
- 19.07%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.17%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.06%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FDSVX Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 1998, FDSVX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +16.7%, while the worst month was Oct 2008 at -18.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, FDSVX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.05% | -1.33% | -5.10% | 13.34% | 6.49% | -1.00% | 13.05% | ||||||
| 2025 | 2.53% | -3.26% | -7.62% | 0.48% | 8.65% | 6.18% | 3.65% | -0.21% | 3.95% | 2.96% | -1.43% | -0.65% | 15.14% |
| 2024 | 4.10% | 8.63% | 2.40% | -4.43% | 5.62% | 5.35% | -1.70% | 3.11% | 2.13% | -0.70% | 4.52% | -1.59% | 30.19% |
| 2023 | 6.64% | -1.75% | 5.10% | 0.11% | 4.56% | 6.65% | 3.69% | -0.70% | -5.54% | -2.10% | 10.53% | 4.84% | 35.63% |
| 2022 | -8.37% | -2.56% | 4.48% | -10.94% | -1.51% | -6.53% | 9.85% | -4.12% | -9.31% | 4.74% | 5.30% | -6.20% | -24.43% |
| 2021 | 0.91% | 1.48% | 0.51% | 6.09% | -0.32% | 4.26% | 1.77% | 4.46% | -6.18% | 8.16% | -0.66% | 1.08% | 22.93% |
Benchmark Metrics
Fidelity Growth Discovery Fund has an annualized alpha of 3.94%, beta of 1.01, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since March 31, 1998.
- This fund captured 114.08% of S&P 500 Index gains but only 95.95% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.94% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.89, 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
- 3.94%
- Beta
- 1.01
- R²
- 0.89
- Upside Capture
- 114.08%
- Downside Capture
- 95.95%
Expense Ratio
FDSVX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FDSVX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Growth Discovery Fund (FDSVX) 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.
| FDSVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.66 | -0.45 |
| Martin ratioReturn relative to average drawdown | 8.18 | 11.86 | -3.69 |
Dividends
Dividend History
Fidelity Growth Discovery Fund provided a 1.40% dividend yield over the last twelve months, with an annual payout of $1.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $1.11 | $7.90 | $1.37 | $1.49 | $7.50 | $4.98 | $1.70 | $1.56 | $1.59 | $0.02 | $0.04 |
Dividend yield | 1.40% | 1.58% | 12.81% | 2.55% | 3.65% | 13.46% | 9.63% | 4.28% | 5.02% | 4.87% | 0.09% | 0.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Growth Discovery 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 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.72 | $0.00 | $0.00 | $0.00 | $2.18 | $7.90 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $0.00 | $0.06 | $1.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $0.00 | $0.00 | $0.00 | $0.01 | $1.49 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.46 | $0.00 | $0.00 | $0.00 | $2.05 | $7.50 |
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 Growth Discovery 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 Growth Discovery Fund was 59.34%, occurring on Mar 9, 2009. Recovery took 1006 trading sessions.
The current Fidelity Growth Discovery Fund drawdown is 2.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.34%Mar 2009 | 1y 4mo | 3y 12mo | 5y 4moNov 2007 - Mar 2013 |
Dot-com crash2000–2002 | -45.89%Oct 2002 | 2y 1mo | 4y 6mo | 6y 7moSep 2000 - Apr 2007 |
COVID crash2020 | -31.09%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
1998 bear market1998 | -30.71%Oct 1998 | 2mo 19d | 2mo 23d | 5mo 12dJul 1998 - Dec 1998 |
Bear market2022 | -29.83%Oct 2022 | 10mo 26d | 1y 2mo | 2y 1moNov 2021 - Jan 2024 |
Drawdown Indicators
| FDSVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.34% | -56.78% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -9.10% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -18.90% | -4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.83% | -25.43% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -33.92% | +2.83% |
Current DrawdownCurrent decline from peak | -2.08% | -2.49% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -10.72% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.03% | +1.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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