FBCKX vs. HFRO
FBCKX (Fidelity Advisor Blue Chip Growth Fund Class Z) and HFRO (Highland Funds I - Highland Opportunities and Income Fund) are both Diversified Portfolio funds. Over the past year, FBCKX returned 40.81% vs 52.55% for HFRO. At a 0.24 correlation, their price movements are largely independent. FBCKX charges 0.61%/yr vs 0.02%/yr for HFRO.
Performance
FBCKX vs. HFRO - Performance Comparison
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Returns By Period
In the year-to-date period, FBCKX achieves a 16.87% return, which is significantly lower than HFRO's 27.67% return.
FBCKX
- 1D
- -1.86%
- 1M
- 2.84%
- YTD
- 16.87%
- 6M
- 15.64%
- 1Y
- 40.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFRO
- 1D
- 0.25%
- 1M
- 18.38%
- YTD
- 27.67%
- 6M
- 28.39%
- 1Y
- 52.55%
- 3Y*
- 1.45%
- 5Y*
- 2.06%
- 10Y*
- —
FBCKX vs. HFRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBCKX Fidelity Advisor Blue Chip Growth Fund Class Z | 16.87% | 19.99% | 7.26% |
HFRO Highland Funds I - Highland Opportunities and Income Fund | 27.67% | 25.08% | -11.02% |
Correlation
The correlation between FBCKX and HFRO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.24 |
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Return for Risk
FBCKX vs. HFRO — Risk / Return Rank
FBCKX
HFRO
FBCKX vs. HFRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Blue Chip Growth Fund Class Z (FBCKX) and Highland Funds I - Highland Opportunities and Income Fund (HFRO). 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.
| FBCKX | HFRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.35 | -0.03 |
| Martin ratioReturn relative to average drawdown | 13.71 | 8.12 | +5.59 |
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Drawdowns
FBCKX vs. HFRO - Drawdown Comparison
The maximum FBCKX drawdown since its inception was -27.06%, smaller than the maximum HFRO drawdown of -52.79%. Use the drawdown chart below to compare losses from any high point for FBCKX and HFRO.
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Drawdown Indicators
| FBCKX | HFRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.06% | -52.79% | +25.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.63% | -15.74% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.79% | — |
Current DrawdownCurrent decline from peak | -2.20% | -14.27% | +12.07% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -20.65% | +16.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 6.49% | -3.44% |
Volatility
FBCKX vs. HFRO - Volatility Comparison
Fidelity Advisor Blue Chip Growth Fund Class Z (FBCKX) has a higher volatility of 8.03% compared to Highland Funds I - Highland Opportunities and Income Fund (HFRO) at 6.59%. This indicates that FBCKX's price experiences larger fluctuations and is considered to be riskier than HFRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBCKX | HFRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 6.59% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 15.36% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 21.25% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.25% | 23.45% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.25% | 22.51% | +1.74% |
FBCKX vs. HFRO - Expense Ratio Comparison
FBCKX has a 0.61% expense ratio, which is higher than HFRO's 0.02% expense ratio.
Dividends
FBCKX vs. HFRO - Dividend Comparison
FBCKX's dividend yield for the trailing twelve months is around 1.63%, less than HFRO's 6.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FBCKX Fidelity Advisor Blue Chip Growth Fund Class Z | 1.63% | 1.90% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HFRO Highland Funds I - Highland Opportunities and Income Fund | 6.28% | 7.73% | 8.90% | 12.02% | 8.97% | 8.41% | 8.99% | 7.43% | 7.22% | 0.99% |
Frequently Asked Questions
FBCKX and HFRO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBCKX has higher volatility (8.03%) compared to HFRO (6.59%). In terms of maximum drawdown, FBCKX dropped -27.06% vs HFRO's -52.79%.
HFRO currently has the higher Sharpe Ratio (2.49 vs 2.23), 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.
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