EPGCX vs. FSKAX

Last updated Aug 1, 2026

EPGCX (Fidelity Advisor Equity Growth Fund Class C) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - EPGCX is a Large Cap Growth Equities fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, EPGCX returned 14.75%/yr vs 14.44%/yr for FSKAX. Their correlation of 0.92 means they have usually moved in the same direction. EPGCX charges 1.74%/yr vs 0.01%/yr for FSKAX.

Performance

EPGCX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class C (EPGCX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPGCX achieves a 5.64% return, which is significantly lower than FSKAX's 9.87% return. Both investments have delivered pretty close results over the past 10 years, with EPGCX having a 14.75% annualized return and FSKAX not far behind at 14.44%.

EPGCX

• 1D: 2.84%
• 1M: -3.48%
• 6M: 4.65%
• YTD: 5.64%
• 1Y: 12.41%
• 3Y*: 11.73%
• 5Y*: 6.95%
• 10Y*: 14.75%
• ALL TIME*: 9.25%

FSKAX

• 1D: 1.63%
• 1M: -0.80%
• 6M: 8.19%
• YTD: 9.87%
• 1Y: 20.99%
• 3Y*: 18.61%
• 5Y*: 11.63%
• 10Y*: 14.44%
• ALL TIME*: 14.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPGCX Fidelity Advisor Equity Growth Fund Class C	$0.00	$0.00	$0.00
FSKAX Fidelity Total Market Index Fund	$0.00	$0.00	$0.00

EPGCX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPGCX Fidelity Advisor Equity Growth Fund Class C	5.64%	13.38%	9.87%	34.16%	-25.24%	21.72%	42.18%	32.59%	-0.65%	33.80%
FSKAX Fidelity Total Market Index Fund	9.87%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-5.32%	20.85%

Correlation

The correlation between EPGCX and FSKAX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011	0.92

The correlation between EPGCX and FSKAX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

EPGCX vs. FSKAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPGCX

EPGCX Risk / Return Rank: 14
EPGCX Sharpe Ratio Rank: 13
EPGCX Sortino Ratio Rank: 13
EPGCX Omega Ratio Rank: 13
EPGCX Calmar Ratio Rank: 15
EPGCX Martin Ratio Rank: 17

FSKAX

FSKAX Risk / Return Rank: 63
FSKAX Sharpe Ratio Rank: 59
FSKAX Sortino Ratio Rank: 57
FSKAX Omega Ratio Rank: 56
FSKAX Calmar Ratio Rank: 66
FSKAX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPGCX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class C (EPGCX) and Fidelity Total Market Index Fund (FSKAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EPGCX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.41	-0.88
Sortino ratio: Return per unit of downside risk	0.84	1.98	-1.14
Omega ratio: Gain probability vs. loss probability	1.10	1.25	-0.15
Calmar ratio: Return relative to maximum drawdown	0.76	2.09	-1.32
Martin ratio: Return relative to average drawdown	2.47	8.96	-6.49

EPGCX vs. FSKAX - Sharpe Ratio Comparison

The current EPGCX Sharpe Ratio is 0.53, which is lower than the FSKAX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of EPGCX and FSKAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPGCX vs. FSKAX - Drawdown Comparison

The maximum EPGCX drawdown since its inception was -65.66%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for EPGCX and FSKAX.

Drawdown Indicators

	EPGCX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-65.66%	-35.01%	-30.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-8.92%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	-33.74%	-19.43%	-14.31%
Max Drawdown (5Y) Largest decline over 5 years	-33.74%	-25.39%	-8.35%
Max Drawdown (10Y) Largest decline over 10 years	-33.74%	-35.01%	+1.27%
Current Drawdown Current decline from peak	-8.11%	-1.97%	-6.14%
Average Drawdown Average peak-to-trough decline	-17.89%	-3.99%	-13.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	2.08%	+1.92%

Volatility

EPGCX vs. FSKAX - Volatility Comparison

Fidelity Advisor Equity Growth Fund Class C (EPGCX) has a higher volatility of 6.47% compared to Fidelity Total Market Index Fund (FSKAX) at 3.43%. This indicates that EPGCX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPGCX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	3.43%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	15.41%	10.33%	+5.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.77%	13.21%	+5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.66%	17.52%	+4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	18.45%	+2.81%

EPGCX vs. FSKAX - Expense Ratio Comparison

EPGCX has a 1.74% expense ratio, which is higher than FSKAX's 0.02% expense ratio.

Dividends

EPGCX vs. FSKAX - Dividend Comparison

EPGCX's dividend yield for the trailing twelve months is around 0.83%, less than FSKAX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPGCX Fidelity Advisor Equity Growth Fund Class C	0.83%	0.88%	0.00%	0.75%	2.99%	15.94%	14.57%	11.69%	8.45%	13.66%	7.31%	2.67%
FSKAX Fidelity Total Market Index Fund	0.95%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both EPGCX and FSKAX in my portfolio?

With a correlation of 0.92, EPGCX and FSKAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EPGCX or FSKAX?

EPGCX has higher volatility (6.47%) compared to FSKAX (3.43%). In terms of maximum drawdown, EPGCX dropped -65.66% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FSKAX currently has the higher Sharpe Ratio (1.41 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.