FAEGX vs. VIMAX

Last updated Jun 24, 2026

FAEGX (Fidelity Advisor Equity Growth Fund Class M) and VIMAX (Vanguard Mid-Cap Index Fund Admiral Shares) are both mutual funds - FAEGX is a Large Cap Growth Equities fund managed by Fidelity, while VIMAX is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. Over the past 10 years, FAEGX returned 17.32%/yr vs 12.00%/yr for VIMAX. Their correlation of 0.89 suggests significant overlap in exposure. FAEGX charges 1.21%/yr vs 0.05%/yr for VIMAX.

Performance

FAEGX vs. VIMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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 FAEGX having a 11.80% return and VIMAX slightly lower at 11.32%. Over the past 10 years, FAEGX has outperformed VIMAX with an annualized return of 17.32%, while VIMAX has yielded a comparatively lower 12.00% annualized return.

FAEGX

• 1D: -0.79%
• 1M: 0.38%
• YTD: 11.80%
• 6M: 10.60%
• 1Y: 25.30%
• 3Y*: 17.85%
• 5Y*: 10.12%
• 10Y*: 17.32%

VIMAX

• 1D: 0.41%
• 1M: 3.04%
• YTD: 11.32%
• 6M: 10.01%
• 1Y: 18.73%
• 3Y*: 16.58%
• 5Y*: 8.05%
• 10Y*: 12.00%

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

FAEGX vs. VIMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAEGX Fidelity Advisor Equity Growth Fund Class M	11.80%	13.98%	14.72%	34.88%	-24.83%	22.39%	43.02%	33.25%	-0.19%	34.52%
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares	11.32%	11.67%	14.66%	16.53%	-18.70%	24.51%	18.18%	31.03%	-9.24%	19.26%

Correlation

The correlation between FAEGX and VIMAX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	0.89

Over the past year, the correlation between FAEGX and VIMAX has dropped to 0.65 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

FAEGX vs. VIMAX — Risk / Return Rank

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

FAEGX

FAEGX Risk / Return Rank: 32
FAEGX Sharpe Ratio Rank: 32
FAEGX Sortino Ratio Rank: 29
FAEGX Omega Ratio Rank: 31
FAEGX Calmar Ratio Rank: 34
FAEGX Martin Ratio Rank: 36

VIMAX

VIMAX Risk / Return Rank: 37
VIMAX Sharpe Ratio Rank: 34
VIMAX Sortino Ratio Rank: 32
VIMAX Omega Ratio Rank: 31
VIMAX Calmar Ratio Rank: 44
VIMAX Martin Ratio Rank: 46

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. VIMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class M (FAEGX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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	VIMAX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.55	-0.04
Sortino ratio: Return per unit of downside risk	2.06	2.21	-0.15
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	2.07	2.44	-0.37
Martin ratio: Return relative to average drawdown	7.57	9.18	-1.60

FAEGX vs. VIMAX - Sharpe Ratio Comparison

The current FAEGX Sharpe Ratio is 1.51, which is comparable to the VIMAX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FAEGX and VIMAX, 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. VIMAX - Drawdown Comparison

The maximum FAEGX drawdown since its inception was -63.85%, which is greater than VIMAX's maximum drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for FAEGX and VIMAX.

Drawdown Indicators

	FAEGX	VIMAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.85%	-58.88%	-4.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-8.13%	-4.62%
Max Drawdown (3Y) Largest decline over 3 years	-31.02%	-18.93%	-12.09%
Max Drawdown (5Y) Largest decline over 5 years	-31.02%	-27.55%	-3.47%
Max Drawdown (10Y) Largest decline over 10 years	-31.16%	-39.30%	+8.14%
Current Drawdown Current decline from peak	-2.97%	-0.43%	-2.54%
Average Drawdown Average peak-to-trough decline	-16.13%	-8.10%	-8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	2.16%	+1.32%

Volatility

FAEGX vs. VIMAX - Volatility Comparison

Fidelity Advisor Equity Growth Fund Class M (FAEGX) has a higher volatility of 7.09% compared to Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) at 4.36%. This indicates that FAEGX's price experiences larger fluctuations and is considered to be riskier than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAEGX	VIMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	4.36%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	9.85%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	12.79%	+4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	17.69%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	18.95%	+2.01%

FAEGX vs. VIMAX - Expense Ratio Comparison

FAEGX has a 1.21% expense ratio, which is higher than VIMAX's 0.05% expense ratio.

Dividends

FAEGX vs. VIMAX - Dividend Comparison

FAEGX's dividend yield for the trailing twelve months is around 0.58%, less than VIMAX's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAEGX Fidelity Advisor Equity Growth Fund Class M	0.58%	0.65%	0.00%	0.58%	2.34%	13.01%	12.18%	9.80%	7.24%	12.32%	6.48%	2.40%
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares	1.34%	1.51%	1.48%	1.50%	1.59%	1.11%	1.44%	1.47%	1.82%	1.35%	1.45%	1.47%

Frequently Asked Questions

Can I hold both FAEGX and VIMAX in my portfolio?

FAEGX and VIMAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAEGX or VIMAX?

FAEGX has higher volatility (7.09%) compared to VIMAX (4.36%). In terms of maximum drawdown, FAEGX dropped -63.85% vs VIMAX's -58.88%.

Which has better risk-adjusted returns?

VIMAX currently has the higher Sharpe Ratio (1.55 vs 1.51), 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.