FAEGX vs. FBGRX

Last updated Jun 25, 2026

FAEGX (Fidelity Advisor Equity Growth Fund Class M) and FBGRX (Fidelity Blue Chip Growth Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FAEGX returned 17.02%/yr vs 22.06%/yr for FBGRX. With a 0.96 correlation, they move nearly in lockstep. FAEGX charges 1.21%/yr vs 0.79%/yr for FBGRX.

Performance

FAEGX vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAEGX achieves a 9.04% return, which is significantly lower than FBGRX's 13.83% return. Over the past 10 years, FAEGX has underperformed FBGRX with an annualized return of 17.02%, while FBGRX has yielded a comparatively higher 22.06% annualized return.

FAEGX

• 1D: -2.47%
• 1M: -2.10%
• YTD: 9.04%
• 6M: 7.62%
• 1Y: 20.26%
• 3Y*: 16.87%
• 5Y*: 9.43%
• 10Y*: 17.02%

FBGRX

• 1D: -2.58%
• 1M: 0.18%
• YTD: 13.83%
• 6M: 12.39%
• 1Y: 34.82%
• 3Y*: 29.71%
• 5Y*: 14.56%
• 10Y*: 22.06%

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

FAEGX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAEGX Fidelity Advisor Equity Growth Fund Class M	9.04%	13.98%	14.72%	34.88%	-24.83%	22.39%	43.02%	33.25%	-0.19%	34.52%
FBGRX Fidelity Blue Chip Growth Fund	13.83%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FAEGX and FBGRX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 10, 1992	0.96

The correlation between FAEGX and FBGRX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

FAEGX vs. FBGRX — Risk / Return Rank

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

FAEGX

FAEGX Risk / Return Rank: 25
FAEGX Sharpe Ratio Rank: 24
FAEGX Sortino Ratio Rank: 22
FAEGX Omega Ratio Rank: 24
FAEGX Calmar Ratio Rank: 27
FAEGX Martin Ratio Rank: 30

FBGRX

FBGRX Risk / Return Rank: 54
FBGRX Sharpe Ratio Rank: 52
FBGRX Sortino Ratio Rank: 44
FBGRX Omega Ratio Rank: 45
FBGRX Calmar Ratio Rank: 64
FBGRX Martin Ratio Rank: 66

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.

FAEGX vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FAEGX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.96	-0.70
Sortino ratio: Return per unit of downside risk	1.75	2.58	-0.83
Omega ratio: Gain probability vs. loss probability	1.23	1.34	-0.11
Calmar ratio: Return relative to maximum drawdown	1.75	2.95	-1.20
Martin ratio: Return relative to average drawdown	6.37	12.10	-5.74

FAEGX vs. FBGRX - Sharpe Ratio Comparison

The current FAEGX Sharpe Ratio is 1.26, which is lower than the FBGRX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of FAEGX and FBGRX, 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

FAEGX vs. FBGRX - Drawdown Comparison

The maximum FAEGX drawdown since its inception was -63.85%, which is greater than FBGRX's maximum drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FAEGX and FBGRX.

Drawdown Indicators

	FAEGX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-63.85%	-58.64%	-5.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-12.65%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-31.02%	-27.07%	-3.95%
Max Drawdown (5Y) Largest decline over 5 years	-31.02%	-43.08%	+12.06%
Max Drawdown (10Y) Largest decline over 10 years	-31.16%	-43.08%	+11.92%
Current Drawdown Current decline from peak	-5.36%	-4.71%	-0.65%
Average Drawdown Average peak-to-trough decline	-16.13%	-12.51%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.07%	+0.43%

Volatility

FAEGX vs. FBGRX - Volatility Comparison

The current volatility for Fidelity Advisor Equity Growth Fund Class M (FAEGX) is 7.52%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 8.47%. This indicates that FAEGX experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAEGX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	8.47%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	14.25%	14.91%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	19.01%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	25.11%	-4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	23.78%	-2.83%

FAEGX vs. FBGRX - Expense Ratio Comparison

FAEGX has a 1.21% expense ratio, which is higher than FBGRX's 0.79% expense ratio.

Dividends

FAEGX vs. FBGRX - Dividend Comparison

FAEGX's dividend yield for the trailing twelve months is around 0.60%, less than FBGRX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAEGX Fidelity Advisor Equity Growth Fund Class M	0.60%	0.65%	0.00%	0.58%	2.34%	13.01%	12.18%	9.80%	7.24%	12.32%	6.48%	2.40%
FBGRX Fidelity Blue Chip Growth Fund	1.67%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%

Frequently Asked Questions

Can I hold both FAEGX and FBGRX in my portfolio?

With a correlation of 0.97, FAEGX and FBGRX 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, FAEGX or FBGRX?

FBGRX has higher volatility (8.47%) compared to FAEGX (7.52%). In terms of maximum drawdown, FAEGX dropped -63.85% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (1.96 vs 1.26), 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.