FAGKX vs. VLEQX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Growth Strategies Fund Class K (FAGKX) and Villere Equity Fund (VLEQX).

FAGKX is managed by Fidelity. It was launched on May 9, 2008. VLEQX is managed by Villere. It was launched on May 31, 2013.

Performance

FAGKX vs. VLEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Strategies Fund Class K (FAGKX) and Villere Equity Fund (VLEQX). The values are adjusted to include any dividend payments, if applicable.

FAGKX vs. VLEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAGKX Fidelity Growth Strategies Fund Class K	-7.23%	3.13%	17.83%	21.07%	-26.41%	21.43%	29.49%	36.75%	-6.77%	21.07%
VLEQX Villere Equity Fund	-2.26%	0.26%	1.50%	11.37%	-24.50%	5.80%	14.77%	24.50%	-6.98%	7.34%

Returns By Period

In the year-to-date period, FAGKX achieves a -7.23% return, which is significantly lower than VLEQX's -2.26% return. Over the past 10 years, FAGKX has outperformed VLEQX with an annualized return of 9.61%, while VLEQX has yielded a comparatively lower 3.10% annualized return.

FAGKX

• 1D: -2.01%
• 1M: -11.55%
• YTD: -7.23%
• 6M: -18.03%
• 1Y: 4.00%
• 3Y*: 8.03%
• 5Y*: 4.00%
• 10Y*: 9.61%

VLEQX

• 1D: -0.09%
• 1M: -6.66%
• YTD: -2.26%
• 6M: -2.53%
• 1Y: -0.48%
• 3Y*: 0.50%
• 5Y*: -3.26%
• 10Y*: 3.10%

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

FAGKX vs. VLEQX - Expense Ratio Comparison

FAGKX has a 0.52% expense ratio, which is lower than VLEQX's 1.22% expense ratio.

VLEQX

Villere Equity Fund

FAGKX

Fidelity Growth Strategies Fund Class K

Return for Risk

FAGKX vs. VLEQX — Risk / Return Rank

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

FAGKX

FAGKX Risk / Return Rank: 8
FAGKX Sharpe Ratio Rank: 8
FAGKX Sortino Ratio Rank: 9
FAGKX Omega Ratio Rank: 9
FAGKX Calmar Ratio Rank: 6
FAGKX Martin Ratio Rank: 6

VLEQX

VLEQX Risk / Return Rank: 4
VLEQX Sharpe Ratio Rank: 5
VLEQX Sortino Ratio Rank: 5
VLEQX Omega Ratio Rank: 5
VLEQX Calmar Ratio Rank: 4
VLEQX Martin Ratio Rank: 3

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.

FAGKX vs. VLEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund Class K (FAGKX) and Villere Equity Fund (VLEQX). 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.

	FAGKX	VLEQX	Difference
Sharpe ratio Return per unit of total volatility	0.14	-0.01	+0.16
Sortino ratio Return per unit of downside risk	0.38	0.10	+0.28
Omega ratio Gain probability vs. loss probability	1.05	1.01	+0.04
Calmar ratio Return relative to maximum drawdown	-0.01	-0.18	+0.17
Martin ratio Return relative to average drawdown	-0.03	-0.62	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAGKX vs. VLEQX - Sharpe Ratio Comparison

The current FAGKX Sharpe Ratio is 0.14, which is higher than the VLEQX Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of FAGKX and VLEQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAGKX	VLEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	-0.01	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	-0.17	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.16	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.07	+0.29

Correlation

The correlation between FAGKX and VLEQX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FAGKX vs. VLEQX - Dividend Comparison

FAGKX has not paid dividends to shareholders, while VLEQX's dividend yield for the trailing twelve months is around 0.55%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGKX Fidelity Growth Strategies Fund Class K	0.00%	0.00%	0.00%	0.16%	0.00%	13.99%	8.30%	3.73%	0.90%	0.05%	0.72%	0.29%
VLEQX Villere Equity Fund	0.55%	0.54%	0.40%	4.64%	2.88%	8.24%	0.73%	0.17%	0.34%	0.00%	0.11%	1.76%

Drawdowns

FAGKX vs. VLEQX - Drawdown Comparison

The maximum FAGKX drawdown since its inception was -54.37%, which is greater than VLEQX's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for FAGKX and VLEQX.

Drawdown Indicators

	FAGKX	VLEQX	Difference
Max Drawdown Largest peak-to-trough decline	-54.37%	-35.60%	-18.77%
Max Drawdown (1Y) Largest decline over 1 year	-20.29%	-11.43%	-8.86%
Max Drawdown (5Y) Largest decline over 5 years	-36.57%	-33.46%	-3.11%
Max Drawdown (10Y) Largest decline over 10 years	-36.57%	-35.60%	-0.97%
Current Drawdown Current decline from peak	-20.29%	-21.05%	+0.76%
Average Drawdown Average peak-to-trough decline	-10.12%	-12.40%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.04%	3.36%	+3.68%

Volatility

FAGKX vs. VLEQX - Volatility Comparison

Fidelity Growth Strategies Fund Class K (FAGKX) has a higher volatility of 7.61% compared to Villere Equity Fund (VLEQX) at 3.41%. This indicates that FAGKX's price experiences larger fluctuations and is considered to be riskier than VLEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGKX	VLEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	3.41%	+4.20%
Volatility (6M) Calculated over the trailing 6-month period	17.93%	8.30%	+9.63%
Volatility (1Y) Calculated over the trailing 1-year period	26.56%	16.28%	+10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.31%	19.28%	+4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	19.24%	+2.72%