FAGOX vs. FAGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Growth Opportunities Fund Class M (FAGOX) and Fidelity Capital & Income Fund (FAGIX).

FAGOX is managed by Fidelity. It was launched on Nov 18, 1987. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.

Performance

FAGOX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth Opportunities Fund Class M (FAGOX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

FAGOX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAGOX Fidelity Advisor Growth Opportunities Fund Class M	-13.70%	21.86%	38.37%	44.80%	-38.56%	11.05%	68.19%	39.94%	14.61%	34.34%
FAGIX Fidelity Capital & Income Fund	-0.85%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%

Returns By Period

In the year-to-date period, FAGOX achieves a -13.70% return, which is significantly lower than FAGIX's -0.85% return. Over the past 10 years, FAGOX has outperformed FAGIX with an annualized return of 18.36%, while FAGIX has yielded a comparatively lower 7.42% annualized return.

FAGOX

• 1D: -1.17%
• 1M: -9.96%
• YTD: -13.70%
• 6M: -12.44%
• 1Y: 18.10%
• 3Y*: 22.60%
• 5Y*: 7.08%
• 10Y*: 18.36%

FAGIX

• 1D: -0.56%
• 1M: -3.17%
• YTD: -0.85%
• 6M: 0.91%
• 1Y: 12.88%
• 3Y*: 10.34%
• 5Y*: 5.79%
• 10Y*: 7.42%

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

FAGOX vs. FAGIX - Expense Ratio Comparison

FAGOX has a 1.28% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

FAGOX

Fidelity Advisor Growth Opportunities Fund Class M

FAGIX

Fidelity Capital & Income Fund

Return for Risk

FAGOX vs. FAGIX — Risk / Return Rank

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

FAGOX

FAGOX Risk / Return Rank: 34
FAGOX Sharpe Ratio Rank: 34
FAGOX Sortino Ratio Rank: 37
FAGOX Omega Ratio Rank: 36
FAGOX Calmar Ratio Rank: 33
FAGOX Martin Ratio Rank: 31

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 91
FAGIX Omega Ratio Rank: 89
FAGIX Calmar Ratio Rank: 92
FAGIX Martin Ratio Rank: 93

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.

FAGOX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class M (FAGOX) and Fidelity Capital & Income Fund (FAGIX). 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.

	FAGOX	FAGIX	Difference
Sharpe ratio Return per unit of total volatility	0.74	1.91	-1.17
Sortino ratio Return per unit of downside risk	1.18	2.63	-1.45
Omega ratio Gain probability vs. loss probability	1.17	1.39	-0.22
Calmar ratio Return relative to maximum drawdown	0.91	2.79	-1.89
Martin ratio Return relative to average drawdown	3.31	11.77	-8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAGOX vs. FAGIX - Sharpe Ratio Comparison

The current FAGOX Sharpe Ratio is 0.74, which is lower than the FAGIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FAGOX and FAGIX, 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

	FAGOX	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	1.91	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.90	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.96	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.85	-0.29

Correlation

The correlation between FAGOX and FAGIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FAGOX vs. FAGIX - Dividend Comparison

FAGOX's dividend yield for the trailing twelve months is around 4.88%, more than FAGIX's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGOX Fidelity Advisor Growth Opportunities Fund Class M	4.88%	4.21%	0.00%	0.00%	0.00%	10.01%	5.29%	4.15%	12.10%	7.48%	15.51%	11.14%
FAGIX Fidelity Capital & Income Fund	4.43%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%

Drawdowns

FAGOX vs. FAGIX - Drawdown Comparison

The maximum FAGOX drawdown since its inception was -65.31%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FAGOX and FAGIX.

Drawdown Indicators

	FAGOX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.31%	-37.97%	-27.34%
Max Drawdown (1Y) Largest decline over 1 year	-16.27%	-4.41%	-11.86%
Max Drawdown (5Y) Largest decline over 5 years	-44.84%	-15.42%	-29.42%
Max Drawdown (10Y) Largest decline over 10 years	-44.84%	-28.45%	-16.39%
Current Drawdown Current decline from peak	-16.27%	-3.49%	-12.78%
Average Drawdown Average peak-to-trough decline	-13.60%	-7.01%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	1.05%	+3.40%

Volatility

FAGOX vs. FAGIX - Volatility Comparison

Fidelity Advisor Growth Opportunities Fund Class M (FAGOX) has a higher volatility of 6.78% compared to Fidelity Capital & Income Fund (FAGIX) at 2.47%. This indicates that FAGOX's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGOX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	2.47%	+4.31%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	4.53%	+9.52%
Volatility (1Y) Calculated over the trailing 1-year period	24.01%	6.95%	+17.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.80%	6.47%	+18.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	7.78%	+16.00%