FAOFX vs. FBGRX

Last updated Jun 26, 2026

FAOFX (Fidelity Advisor Series Growth Opportunities Fund) and FBGRX (Fidelity Blue Chip Growth Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FAOFX returned 23.49%/yr vs 22.05%/yr for FBGRX. With a 0.98 correlation, they move nearly in lockstep. FAOFX charges 0.00%/yr vs 0.79%/yr for FBGRX.

Performance

FAOFX vs. FBGRX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FAOFX having a 13.60% return and FBGRX slightly higher at 13.72%. Over the past 10 years, FAOFX has outperformed FBGRX with an annualized return of 23.49%, while FBGRX has yielded a comparatively lower 22.05% annualized return.

FAOFX

• 1D: -0.15%
• 1M: -0.70%
• YTD: 13.60%
• 6M: 12.20%
• 1Y: 30.15%
• 3Y*: 30.77%
• 5Y*: 12.28%
• 10Y*: 23.49%

FBGRX

• 1D: -0.10%
• 1M: -1.08%
• YTD: 13.72%
• 6M: 12.28%
• 1Y: 34.13%
• 3Y*: 29.67%
• 5Y*: 14.54%
• 10Y*: 22.05%

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

FAOFX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAOFX Fidelity Advisor Series Growth Opportunities Fund	13.60%	22.32%	39.90%	46.96%	-37.34%	13.29%	68.46%	40.79%	16.47%	35.62%
FBGRX Fidelity Blue Chip Growth Fund	13.72%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FAOFX and FBGRX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 19, 2013	0.98

The correlation between FAOFX and FBGRX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FAOFX vs. FBGRX — Risk / Return Rank

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

FAOFX

FAOFX Risk / Return Rank: 38
FAOFX Sharpe Ratio Rank: 40
FAOFX Sortino Ratio Rank: 35
FAOFX Omega Ratio Rank: 38
FAOFX Calmar Ratio Rank: 37
FAOFX Martin Ratio Rank: 38

FBGRX

FBGRX Risk / Return Rank: 58
FBGRX Sharpe Ratio Rank: 56
FBGRX Sortino Ratio Rank: 48
FBGRX Omega Ratio Rank: 49
FBGRX Calmar Ratio Rank: 68
FBGRX Martin Ratio Rank: 69

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. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FAOFX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.84	-0.29
Sortino ratio: Return per unit of downside risk	2.09	2.45	-0.35
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.05
Calmar ratio: Return relative to maximum drawdown	1.98	2.76	-0.77
Martin ratio: Return relative to average drawdown	7.23	11.26	-4.03

FAOFX vs. FBGRX - Sharpe Ratio Comparison

The current FAOFX Sharpe Ratio is 1.55, which is comparable to the FBGRX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FAOFX and FBGRX, 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

FAOFX vs. FBGRX - Drawdown Comparison

The maximum FAOFX drawdown since its inception was -43.59%, smaller than the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FAOFX and FBGRX.

Drawdown Indicators

	FAOFX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-43.59%	-58.64%	+15.05%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-12.65%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-26.60%	-27.07%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-43.59%	-43.08%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	-43.08%	-0.51%
Current Drawdown Current decline from peak	-4.50%	-4.81%	+0.31%
Average Drawdown Average peak-to-trough decline	-8.08%	-12.51%	+4.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	3.09%	+1.14%

Volatility

FAOFX vs. FBGRX - Volatility Comparison

Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Fidelity Blue Chip Growth Fund (FBGRX) have volatilities of 8.87% and 8.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAOFX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.87%	8.47%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	14.84%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	19.00%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.27%	25.11%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.00%	23.77%	+0.23%

FAOFX vs. FBGRX - Expense Ratio Comparison

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

Dividends

FAOFX vs. FBGRX - Dividend Comparison

FAOFX's dividend yield for the trailing twelve months is around 13.63%, more than FBGRX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAOFX Fidelity Advisor Series Growth Opportunities Fund	13.63%	15.49%	8.75%	0.33%	0.54%	30.66%	32.61%	28.66%	24.08%	10.40%	4.35%	11.85%
FBGRX Fidelity Blue Chip Growth Fund	1.67%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%

Frequently Asked Questions

Can I hold both FAOFX and FBGRX in my portfolio?

With a correlation of 0.97, FAOFX and FBGRX 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 FBGRX?

FAOFX has higher volatility (8.87%) compared to FBGRX (8.47%). In terms of maximum drawdown, FAOFX dropped -43.59% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (1.84 vs 1.55), 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.