FACGX vs. FDEGX

Last updated Jun 24, 2026

FACGX (Fidelity Advisor Growth Opportunities Fund Class C) and FDEGX (Fidelity Growth Strategies Fund) are both mutual funds - FACGX is a Large Cap Growth Equities fund managed by Fidelity, while FDEGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FACGX returned 21.77%/yr vs 12.95%/yr for FDEGX. Their correlation of 0.81 suggests significant overlap in exposure. FACGX charges 1.80%/yr vs 0.63%/yr for FDEGX.

Performance

FACGX vs. FDEGX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FACGX having a 14.71% return and FDEGX slightly lower at 14.70%. Over the past 10 years, FACGX has outperformed FDEGX with an annualized return of 21.77%, while FDEGX has yielded a comparatively lower 12.95% annualized return.

FACGX

• 1D: -1.23%
• 1M: 2.65%
• YTD: 14.71%
• 6M: 13.49%
• 1Y: 33.97%
• 3Y*: 29.72%
• 5Y*: 10.84%
• 10Y*: 21.77%

FDEGX

• 1D: 0.72%
• 1M: 6.41%
• YTD: 14.70%
• 6M: 2.34%
• 1Y: 7.43%
• 3Y*: 17.99%
• 5Y*: 8.11%
• 10Y*: 12.95%

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

FACGX vs. FDEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FACGX Fidelity Advisor Growth Opportunities Fund Class C	14.71%	21.26%	37.68%	44.06%	-38.87%	10.46%	67.34%	39.19%	14.13%	33.63%
FDEGX Fidelity Growth Strategies Fund	14.70%	2.88%	26.57%	20.93%	-26.50%	21.30%	29.34%	36.59%	-6.92%	21.03%

Correlation

The correlation between FACGX and FDEGX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993	0.81

The correlation between FACGX and FDEGX shifts across timeframes, from 0.76 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FACGX vs. FDEGX — Risk / Return Rank

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

FACGX

FACGX Risk / Return Rank: 39
FACGX Sharpe Ratio Rank: 44
FACGX Sortino Ratio Rank: 38
FACGX Omega Ratio Rank: 40
FACGX Calmar Ratio Rank: 36
FACGX Martin Ratio Rank: 38

FDEGX

FDEGX Risk / Return Rank: 6
FDEGX Sharpe Ratio Rank: 5
FDEGX Sortino Ratio Rank: 6
FDEGX Omega Ratio Rank: 6
FDEGX Calmar Ratio Rank: 5
FDEGX Martin Ratio Rank: 5

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.

FACGX vs. FDEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class C (FACGX) and Fidelity Growth Strategies Fund (FDEGX). 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.

	FACGX	FDEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.38	+1.42
Sortino ratio: Return per unit of downside risk	2.39	0.65	+1.74
Omega ratio: Gain probability vs. loss probability	1.31	1.09	+0.23
Calmar ratio: Return relative to maximum drawdown	2.16	0.42	+1.74
Martin ratio: Return relative to average drawdown	7.86	1.06	+6.79

FACGX vs. FDEGX - Sharpe Ratio Comparison

The current FACGX Sharpe Ratio is 1.80, which is higher than the FDEGX Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of FACGX and FDEGX, 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

FACGX vs. FDEGX - Drawdown Comparison

The maximum FACGX drawdown since its inception was -65.53%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for FACGX and FDEGX.

Drawdown Indicators

	FACGX	FDEGX	Difference
Max Drawdown Largest peak-to-trough decline	-65.53%	-85.96%	+20.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.45%	-20.45%	+4.00%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	-26.04%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-45.17%	-36.62%	-8.55%
Max Drawdown (10Y) Largest decline over 10 years	-45.17%	-36.62%	-8.55%
Current Drawdown Current decline from peak	-1.49%	-1.62%	+0.13%
Average Drawdown Average peak-to-trough decline	-16.11%	-36.77%	+20.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	8.07%	-3.56%

Volatility

FACGX vs. FDEGX - Volatility Comparison

Fidelity Advisor Growth Opportunities Fund Class C (FACGX) has a higher volatility of 8.30% compared to Fidelity Growth Strategies Fund (FDEGX) at 7.36%. This indicates that FACGX's price experiences larger fluctuations and is considered to be riskier than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FACGX	FDEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	7.36%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	15.83%	19.79%	-3.96%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	22.87%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.05%	23.48%	+1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	22.14%	+1.87%

FACGX vs. FDEGX - Expense Ratio Comparison

FACGX has a 1.80% expense ratio, which is higher than FDEGX's 0.63% expense ratio.

Dividends

FACGX vs. FDEGX - Dividend Comparison

FACGX's dividend yield for the trailing twelve months is around 4.58%, while FDEGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FACGX Fidelity Advisor Growth Opportunities Fund Class C	4.58%	5.26%	0.00%	0.00%	0.00%	11.75%	6.13%	4.87%	14.01%	8.00%	17.39%	12.23%
FDEGX Fidelity Growth Strategies Fund	0.00%	0.00%	7.89%	0.05%	0.00%	14.15%	8.37%	3.65%	0.75%	0.05%	0.59%	0.13%

Frequently Asked Questions

Can I hold both FACGX and FDEGX in my portfolio?

FACGX and FDEGX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FACGX or FDEGX?

FACGX has higher volatility (8.30%) compared to FDEGX (7.36%). In terms of maximum drawdown, FACGX dropped -65.53% vs FDEGX's -85.96%.

Which has better risk-adjusted returns?

FACGX currently has the higher Sharpe Ratio (1.80 vs 0.38), 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.