EQPGX vs. FAGCX

Last updated Jun 5, 2026

EQPGX (Fidelity Advisor Equity Growth Fund Class I) and FAGCX (Fidelity Advisor Growth Opportunities Fund Class I) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, EQPGX returned 19.07%/yr vs 25.59%/yr for FAGCX. Their correlation of 0.92 suggests significant overlap in exposure. EQPGX charges 0.71%/yr vs 0.79%/yr for FAGCX.

Performance

EQPGX vs. FAGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class I (EQPGX) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQPGX achieves a 14.28% return, which is significantly lower than FAGCX's 15.73% return. Over the past 10 years, EQPGX has underperformed FAGCX with an annualized return of 19.07%, while FAGCX has yielded a comparatively higher 25.59% annualized return.

EQPGX

• 1D: -1.01%
• 1M: 5.59%
• YTD: 14.28%
• 6M: 13.42%
• 1Y: 28.97%
• 3Y*: 24.86%
• 5Y*: 14.41%
• 10Y*: 19.07%

FAGCX

• 1D: -0.96%
• 1M: 7.21%
• YTD: 15.73%
• 6M: 16.17%
• 1Y: 38.65%
• 3Y*: 31.63%
• 5Y*: 15.53%
• 10Y*: 25.59%

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

EQPGX vs. FAGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQPGX Fidelity Advisor Equity Growth Fund Class I	14.28%	14.60%	29.99%	35.60%	-24.45%	22.94%	43.80%	34.01%	0.17%	35.19%
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	15.73%	22.47%	39.06%	45.51%	-32.60%	16.63%	74.20%	47.51%	19.08%	37.70%

Correlation

The correlation between EQPGX and FAGCX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.92

The correlation between EQPGX and FAGCX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

EQPGX vs. FAGCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQPGX

EQPGX Risk / Return Rank: 39
EQPGX Sharpe Ratio Rank: 40
EQPGX Sortino Ratio Rank: 36
EQPGX Omega Ratio Rank: 37
EQPGX Calmar Ratio Rank: 39
EQPGX Martin Ratio Rank: 43

FAGCX

FAGCX Risk / Return Rank: 46
FAGCX Sharpe Ratio Rank: 54
FAGCX Sortino Ratio Rank: 45
FAGCX Omega Ratio Rank: 47
FAGCX Calmar Ratio Rank: 42
FAGCX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQPGX vs. FAGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class I (EQPGX) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX). 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.

	EQPGX	FAGCX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.18	-0.35
Sortino ratio: Return per unit of downside risk	2.48	2.84	-0.36
Omega ratio: Gain probability vs. loss probability	1.32	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.37	2.47	-0.10
Martin ratio: Return relative to average drawdown	9.02	9.26	-0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQPGX vs. FAGCX - Sharpe Ratio Comparison

The current EQPGX Sharpe Ratio is 1.82, which is comparable to the FAGCX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of EQPGX and FAGCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EQPGX	FAGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.18	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.61	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	1.05	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.52	+0.10

Drawdowns

EQPGX vs. FAGCX - Drawdown Comparison

The maximum EQPGX drawdown since its inception was -62.00%, smaller than the maximum FAGCX drawdown of -69.09%. Use the drawdown chart below to compare losses from any high point for EQPGX and FAGCX.

Drawdown Indicators

	EQPGX	FAGCX	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-69.09%	+7.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.57%	-16.10%	+3.53%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-26.59%	+3.55%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	-38.72%	+8.91%
Max Drawdown (10Y) Largest decline over 10 years	-31.11%	-38.72%	+7.61%
Current Drawdown Current decline from peak	-1.01%	-1.03%	+0.02%
Average Drawdown Average peak-to-trough decline	-13.75%	-18.74%	+4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	4.29%	-0.99%

Volatility

EQPGX vs. FAGCX - Volatility Comparison

The current volatility for Fidelity Advisor Equity Growth Fund Class I (EQPGX) is 4.41%, while Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) has a volatility of 4.69%. This indicates that EQPGX experiences smaller price fluctuations and is considered to be less risky than FAGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQPGX	FAGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	4.69%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	12.73%	14.29%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	18.28%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	25.40%	-5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.55%	24.49%	-3.94%

EQPGX vs. FAGCX - Expense Ratio Comparison

EQPGX has a 0.71% expense ratio, which is lower than FAGCX's 0.79% expense ratio.

Dividends

EQPGX vs. FAGCX - Dividend Comparison

EQPGX's dividend yield for the trailing twelve months is around 0.46%, less than FAGCX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQPGX Fidelity Advisor Equity Growth Fund Class I	0.46%	0.52%	10.64%	0.48%	1.96%	11.42%	10.84%	8.56%	6.43%	11.57%	5.90%	2.21%
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	3.17%	3.67%	0.00%	0.00%	11.34%	14.14%	7.31%	7.69%	14.30%	8.00%	15.78%	16.11%

Frequently Asked Questions

Can I hold both EQPGX and FAGCX in my portfolio?

With a correlation of 0.95, EQPGX and FAGCX 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, EQPGX or FAGCX?

FAGCX has higher volatility (4.69%) compared to EQPGX (4.41%). In terms of maximum drawdown, EQPGX dropped -62.00% vs FAGCX's -69.09%.

Which has better risk-adjusted returns?

FAGCX currently has the higher Sharpe Ratio (2.18 vs 1.82), 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.