FAOFX vs. FAGCX

Last updated Jun 5, 2026

FAOFX (Fidelity Advisor Series Growth Opportunities Fund) and FAGCX (Fidelity Advisor Growth Opportunities Fund Class I) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FAOFX returned 23.10%/yr vs 25.59%/yr for FAGCX. With a 0.99 correlation, they move nearly in lockstep. FAOFX charges 0.00%/yr vs 0.79%/yr for FAGCX.

Performance

FAOFX vs. FAGCX - Performance Comparison

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

Returns By Period

In the year-to-date period, FAOFX achieves a 16.73% return, which is significantly higher than FAGCX's 15.73% return. Over the past 10 years, FAOFX has underperformed FAGCX with an annualized return of 23.10%, while FAGCX has yielded a comparatively higher 25.59% annualized return.

FAOFX

• 1D: -0.49%
• 1M: 7.49%
• YTD: 16.73%
• 6M: 17.51%
• 1Y: 39.25%
• 3Y*: 32.40%
• 5Y*: 14.27%
• 10Y*: 23.10%

FAGCX

• 1D: -0.96%
• 1M: 7.21%
• YTD: 15.73%
• 6M: 16.17%
• 1Y: 38.65%
• 3Y*: 31.63%
• 5Y*: 15.53%
• 10Y*: 25.59%

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

FAOFX vs. FAGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAOFX Fidelity Advisor Series Growth Opportunities Fund	16.73%	22.32%	39.90%	46.96%	-37.34%	13.29%	68.46%	40.79%	16.47%	35.62%
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	15.73%	22.47%	39.06%	45.51%	-32.60%	16.63%	74.20%	47.51%	19.08%	37.70%

Correlation

The correlation between FAOFX and FAGCX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Nov 20, 2013	0.99

The correlation between FAOFX and FAGCX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FAOFX vs. FAGCX — Risk / Return Rank

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

FAOFX

FAOFX Risk / Return Rank: 49
FAOFX Sharpe Ratio Rank: 56
FAOFX Sortino Ratio Rank: 47
FAOFX Omega Ratio Rank: 49
FAOFX Calmar Ratio Rank: 47
FAOFX Martin Ratio Rank: 47

FAGCX

FAGCX Risk / Return Rank: 46
FAGCX Sharpe Ratio Rank: 54
FAGCX Sortino Ratio Rank: 45
FAGCX Omega Ratio Rank: 47
FAGCX Calmar Ratio Rank: 42
FAGCX Martin Ratio Rank: 44

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.

FAOFX vs. FAGCX - Risk-Adjusted Trends Comparison

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

	FAOFX	FAGCX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.18	+0.04
Sortino ratio: Return per unit of downside risk	2.88	2.84	+0.04
Omega ratio: Gain probability vs. loss probability	1.38	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	2.61	2.47	+0.14
Martin ratio: Return relative to average drawdown	9.72	9.26	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAOFX vs. FAGCX - Sharpe Ratio Comparison

The current FAOFX Sharpe Ratio is 2.22, which is comparable to the FAGCX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FAOFX and FAGCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAOFX	FAGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.18	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.61	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	1.05	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.52	+0.36

Drawdowns

FAOFX vs. FAGCX - Drawdown Comparison

The maximum FAOFX drawdown since its inception was -43.59%, smaller than the maximum FAGCX drawdown of -69.09%. Use the drawdown chart below to compare losses from any high point for FAOFX and FAGCX.

Drawdown Indicators

	FAOFX	FAGCX	Difference
Max Drawdown Largest peak-to-trough decline	-43.59%	-69.09%	+25.50%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-16.10%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-26.60%	-26.59%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-43.59%	-38.72%	-4.87%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	-38.72%	-4.87%
Current Drawdown Current decline from peak	-0.58%	-1.03%	+0.45%
Average Drawdown Average peak-to-trough decline	-8.10%	-18.74%	+10.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	4.29%	-0.14%

Volatility

FAOFX vs. FAGCX - Volatility Comparison

The current volatility for Fidelity Advisor Series Growth Opportunities Fund (FAOFX) is 4.43%, while Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) has a volatility of 4.69%. This indicates that FAOFX experiences smaller price fluctuations and is considered to be less risky than FAGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAOFX	FAGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.69%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	14.29%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	18.28%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.01%	25.40%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.90%	24.49%	-0.59%

FAOFX vs. FAGCX - Expense Ratio Comparison

FAOFX has a 0.00% expense ratio, which is lower than FAGCX's 0.79% expense ratio.

Dividends

FAOFX vs. FAGCX - Dividend Comparison

FAOFX's dividend yield for the trailing twelve months is around 13.27%, more than FAGCX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	3.17%	3.67%	0.00%	0.00%	11.34%	14.14%	7.31%	7.69%	14.30%	8.00%	15.78%	16.11%
FAOFX Fidelity Advisor Series Growth Opportunities Fund	13.27%	15.49%	8.75%	0.33%	0.54%	30.66%	32.61%	28.66%	24.08%	10.40%	4.35%	11.85%

Frequently Asked Questions

Can I hold both FAOFX and FAGCX in my portfolio?

With a correlation of 1.00, FAOFX and FAGCX 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, FAOFX or FAGCX?

FAGCX has higher volatility (4.69%) compared to FAOFX (4.43%). In terms of maximum drawdown, FAOFX dropped -43.59% vs FAGCX's -69.09%.

Which has better risk-adjusted returns?

FAOFX currently has the higher Sharpe Ratio (2.22 vs 2.18), 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.