FAGCX vs. BPTRX

Last updated Jun 26, 2026

FAGCX (Fidelity Advisor Growth Opportunities Fund Class I) and BPTRX (Baron Partners Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FAGCX returned 25.94%/yr vs 25.15%/yr for BPTRX. A 0.66 correlation means they provide meaningful diversification when combined. FAGCX charges 0.79%/yr vs 1.36%/yr for BPTRX.

Performance

FAGCX vs. BPTRX - Performance Comparison

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

Returns By Period

In the year-to-date period, FAGCX achieves a 12.20% return, which is significantly higher than BPTRX's 4.66% return. Both investments have delivered pretty close results over the past 10 years, with FAGCX having a 25.94% annualized return and BPTRX not far behind at 25.15%.

FAGCX

• 1D: -0.12%
• 1M: -1.48%
• YTD: 12.20%
• 6M: 10.81%
• 1Y: 29.39%
• 3Y*: 29.85%
• 5Y*: 13.43%
• 10Y*: 25.94%

BPTRX

• 1D: -0.03%
• 1M: 5.96%
• YTD: 4.66%
• 6M: 1.57%
• 1Y: 40.26%
• 3Y*: 21.32%
• 5Y*: 12.28%
• 10Y*: 25.15%

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

FAGCX vs. BPTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	12.20%	22.47%	39.06%	45.51%	-32.60%	16.63%	74.20%	47.51%	19.08%	37.70%
BPTRX Baron Partners Fund	4.66%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	31.54%

Correlation

The correlation between FAGCX and BPTRX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993	0.66

The correlation between FAGCX and BPTRX shifts across timeframes, from 0.47 (1 year) to 0.74 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FAGCX vs. BPTRX — Risk / Return Rank

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

FAGCX

FAGCX Risk / Return Rank: 35
FAGCX Sharpe Ratio Rank: 38
FAGCX Sortino Ratio Rank: 34
FAGCX Omega Ratio Rank: 36
FAGCX Calmar Ratio Rank: 33
FAGCX Martin Ratio Rank: 35

BPTRX

BPTRX Risk / Return Rank: 52
BPTRX Sharpe Ratio Rank: 29
BPTRX Sortino Ratio Rank: 55
BPTRX Omega Ratio Rank: 48
BPTRX Calmar Ratio Rank: 83
BPTRX 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.

FAGCX vs. BPTRX - Risk-Adjusted Trends Comparison

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

	FAGCX	BPTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.29	+0.22
Sortino ratio: Return per unit of downside risk	2.05	2.58	-0.53
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.05
Calmar ratio: Return relative to maximum drawdown	1.86	3.43	-1.57
Martin ratio: Return relative to average drawdown	6.83	8.45	-1.63

FAGCX vs. BPTRX - Sharpe Ratio Comparison

The current FAGCX Sharpe Ratio is 1.51, which is comparable to the BPTRX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FAGCX and BPTRX, 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

FAGCX vs. BPTRX - Drawdown Comparison

The maximum FAGCX drawdown since its inception was -69.09%, which is greater than BPTRX's maximum drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for FAGCX and BPTRX.

Drawdown Indicators

	FAGCX	BPTRX	Difference
Max Drawdown Largest peak-to-trough decline	-69.09%	-64.11%	-4.98%
Max Drawdown (1Y) Largest decline over 1 year	-16.10%	-11.16%	-4.94%
Max Drawdown (3Y) Largest decline over 3 years	-26.59%	-33.34%	+6.75%
Max Drawdown (5Y) Largest decline over 5 years	-38.72%	-49.87%	+11.15%
Max Drawdown (10Y) Largest decline over 10 years	-38.72%	-51.26%	+12.54%
Current Drawdown Current decline from peak	-4.05%	-11.16%	+7.11%
Average Drawdown Average peak-to-trough decline	-18.72%	-13.76%	-4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	4.54%	-0.16%

Volatility

FAGCX vs. BPTRX - Volatility Comparison

The current volatility for Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) is 8.72%, while Baron Partners Fund (BPTRX) has a volatility of 13.62%. This indicates that FAGCX experiences smaller price fluctuations and is considered to be less risky than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGCX	BPTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	13.62%	-4.90%
Volatility (6M) Calculated over the trailing 6-month period	15.93%	17.52%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	29.62%	-9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.63%	34.08%	-8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.58%	32.90%	-8.32%

FAGCX vs. BPTRX - Expense Ratio Comparison

FAGCX has a 0.79% expense ratio, which is lower than BPTRX's 1.36% expense ratio.

Dividends

FAGCX vs. BPTRX - Dividend Comparison

FAGCX's dividend yield for the trailing twelve months is around 3.27%, more than BPTRX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	3.21%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	3.27%	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 FAGCX and BPTRX in my portfolio?

FAGCX and BPTRX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAGCX or BPTRX?

BPTRX has higher volatility (13.62%) compared to FAGCX (8.72%). In terms of maximum drawdown, FAGCX dropped -69.09% vs BPTRX's -64.11%.

Which has better risk-adjusted returns?

FAGCX currently has the higher Sharpe Ratio (1.51 vs 1.29), 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.