Fidelity Growth Discovery Fund Class K (FGDKX)

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Fidelity Growth Discovery Fund Class K (FGDKX) is up 15.0% since the beginning of the year. FGDKX is currently trading at $80 per share. Investors who bought $1,000 worth of FGDKX shares 5 years ago would now be looking at an investment worth $2,000.

Fidelity Growth Discovery Fund Class K (FGDKX) has returned 15.00% so far this year and 31.59% over the past 12 months. Looking at the last ten years, FGDKX has achieved an annualized return of 19.18%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.

Based on dividend-adjusted daily data since May 9, 2008, FGDKX's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +14.9%, 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, FGDKX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -13.0%.

Fidelity Growth Discovery Fund Class K has an annualized alpha of 3.38%, beta of 1.03, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since May 12, 2008.

• This fund captured 112.27% of S&P 500 Index gains but only 96.72% of its losses - a favorable profile for investors.
• This fund generated an annualized alpha of 3.38% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.03 and R2 of 0.91, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

FGDKX has an expense ratio of 0.68%, placing it in the medium range.

FGDKX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Fidelity Growth Discovery Fund Class K (FGDKX) and compare them to S&P 500 Index.

Fidelity Growth Discovery Fund Class K provided a 1.43% dividend yield over the last twelve months, with an annual payout of $1.16 per share.

The table displays the monthly dividend distributions for Fidelity Growth Discovery Fund Class K. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Growth Discovery Fund Class K. 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 Class K was 55.39%, occurring on Mar 9, 2009. Recovery took 541 trading sessions.

The chart below shows the rolling one-month volatility.