FBGRX vs. FMSDX

Last updated Jun 13, 2026

FBGRX (Fidelity Blue Chip Growth Fund) and FMSDX (Fidelity Multi-Asset Income Fund) are both mutual funds - FBGRX is a Large Cap Growth Equities fund managed by Fidelity, while FMSDX is a Diversified Portfolio fund managed by Fidelity. Over the past 5 years, FBGRX returned 15.33%/yr vs 5.70%/yr for FMSDX. A 0.77 correlation means they provide meaningful diversification when combined. FBGRX charges 0.79%/yr vs 0.78%/yr for FMSDX.

Performance

FBGRX vs. FMSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth Fund (FBGRX) and Fidelity Multi-Asset Income Fund (FMSDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBGRX achieves a 13.86% return, which is significantly higher than FMSDX's 6.10% return.

FBGRX

• 1D: 2.59%
• 1M: 0.29%
• YTD: 13.86%
• 6M: 15.39%
• 1Y: 36.93%
• 3Y*: 30.04%
• 5Y*: 15.33%
• 10Y*: 21.66%

FMSDX

• 1D: 1.76%
• 1M: -2.34%
• YTD: 6.10%
• 6M: 5.35%
• 1Y: 16.87%
• 3Y*: 12.02%
• 5Y*: 5.70%
• 10Y*: —

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

FBGRX vs. FMSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FBGRX Fidelity Blue Chip Growth Fund	13.86%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	-5.84%
FMSDX Fidelity Multi-Asset Income Fund	6.10%	14.10%	9.95%	11.75%	-13.67%	17.27%	14.56%	23.14%	-0.91%

Correlation

The correlation between FBGRX and FMSDX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018	0.77

The correlation between FBGRX and FMSDX has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

Return for Risk

FBGRX vs. FMSDX — Risk / Return Rank

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

FBGRX

FBGRX Risk / Return Rank: 74
FBGRX Sharpe Ratio Rank: 75
FBGRX Sortino Ratio Rank: 67
FBGRX Omega Ratio Rank: 67
FBGRX Calmar Ratio Rank: 79
FBGRX Martin Ratio Rank: 82

FMSDX

FMSDX Risk / Return Rank: 57
FMSDX Sharpe Ratio Rank: 54
FMSDX Sortino Ratio Rank: 49
FMSDX Omega Ratio Rank: 50
FMSDX Calmar Ratio Rank: 73
FMSDX Martin Ratio Rank: 57

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.

FBGRX vs. FMSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund (FBGRX) and Fidelity Multi-Asset Income Fund (FMSDX). 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.

	FBGRX	FMSDX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.70	+0.35
Sortino ratio: Return per unit of downside risk	2.66	2.31	+0.34
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	2.95	2.73	+0.22
Martin ratio: Return relative to average drawdown	12.23	9.14	+3.09

FBGRX vs. FMSDX - Sharpe Ratio Comparison

The current FBGRX Sharpe Ratio is 2.05, which is comparable to the FMSDX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of FBGRX and FMSDX, 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

FBGRX vs. FMSDX - Drawdown Comparison

The maximum FBGRX drawdown since its inception was -58.64%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FBGRX and FMSDX.

Drawdown Indicators

	FBGRX	FMSDX	Difference
Max Drawdown Largest peak-to-trough decline	-58.64%	-21.64%	-37.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.65%	-6.47%	-6.18%
Max Drawdown (3Y) Largest decline over 3 years	-27.07%	-13.17%	-13.90%
Max Drawdown (5Y) Largest decline over 5 years	-43.08%	-18.12%	-24.96%
Max Drawdown (10Y) Largest decline over 10 years	-43.08%	—	—
Current Drawdown Current decline from peak	-3.97%	-2.86%	-1.11%
Average Drawdown Average peak-to-trough decline	-12.52%	-3.81%	-8.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	1.93%	+1.12%

Volatility

FBGRX vs. FMSDX - Volatility Comparison

Fidelity Blue Chip Growth Fund (FBGRX) has a higher volatility of 6.86% compared to Fidelity Multi-Asset Income Fund (FMSDX) at 3.98%. This indicates that FBGRX's price experiences larger fluctuations and is considered to be riskier than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBGRX	FMSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	3.98%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	8.02%	+6.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.25%	10.42%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.99%	9.91%	+15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	10.64%	+13.10%

FBGRX vs. FMSDX - Expense Ratio Comparison

FBGRX has a 0.79% expense ratio, which is higher than FMSDX's 0.78% expense ratio.

Dividends

FBGRX vs. FMSDX - Dividend Comparison

FBGRX's dividend yield for the trailing twelve months is around 1.67%, less than FMSDX's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FMSDX Fidelity Multi-Asset Income Fund	3.55%	3.81%	3.84%	4.23%	3.74%	2.81%	1.79%	2.82%	4.36%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBGRX and FMSDX in my portfolio?

FBGRX and FMSDX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBGRX or FMSDX?

FBGRX has higher volatility (6.86%) compared to FMSDX (3.98%). In terms of maximum drawdown, FBGRX dropped -58.64% vs FMSDX's -21.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (2.05 vs 1.70), 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.