Fidelity Advisor Series Equity Growth Fund (FMFMX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Series Equity Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Advisor Series Equity Growth Fund (FMFMX) has returned -9.12% so far this year and 13.94% over the past 12 months. Looking at the last ten years, FMFMX has achieved an annualized return of 16.91%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Jun 11, 2014, FMFMX's average daily return is +0.06%, while the average monthly return is +1.27%. At this rate, your investment would double in approximately 4.6 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +15.0%, while the worst month was Mar 2020 at -10.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FMFMX closed higher 54% of trading days. The best single day was Dec 13, 2024 with a return of +24.8%, while the worst single day was Dec 16, 2024 at -20.3%.

Fidelity Advisor Series Equity Growth Fund has an annualized alpha of 4.02%, beta of 1.07, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since June 12, 2014.

• This fund captured 114.68% of S&P 500 Index gains but only 95.49% of its losses — a favorable profile for investors.
• This fund generated an annualized alpha of 4.02% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.07 and R² of 0.73, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FMFMX has an expense ratio of 0.00%, meaning no management fees are charged.

FMFMX ranks 26 for risk / return — below 26% 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.

The table below present risk-adjusted performance metrics for Fidelity Advisor Series Equity Growth Fund (FMFMX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Advisor Series Equity Growth Fund provided a 16.00% dividend yield over the last twelve months, with an annual payout of $2.33 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Series Equity Growth Fund. 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 Advisor Series Equity 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 Advisor Series Equity Growth Fund was 36.89%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Fidelity Advisor Series Equity Growth Fund drawdown is 18.67%.

The chart below shows the rolling one-month volatility.