FBKWX vs. FDEGX
FBKWX (Fidelity Advisor Total Bond Fund Class Z) and FDEGX (Fidelity Growth Strategies Fund) are both mutual funds - FBKWX is a Total Bond Market fund managed by Fidelity, while FDEGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FBKWX returned 2.27%/yr vs 11.39%/yr for FDEGX. At a 0.06 correlation, their price movements are largely independent. FBKWX charges 0.36%/yr vs 0.63%/yr for FDEGX.
Performance
FBKWX vs. FDEGX - Performance Comparison
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Returns By Period
In the year-to-date period, FBKWX achieves a 0.22% return, which is significantly lower than FDEGX's 6.06% return. Over the past 10 years, FBKWX has underperformed FDEGX with an annualized return of 2.27%, while FDEGX has yielded a comparatively higher 11.39% annualized return.
FBKWX
- 1D
- 0.00%
- 1M
- -0.17%
- 6M
- 0.33%
- YTD
- 0.22%
- 1Y
- 4.61%
- 3Y*
- 4.45%
- 5Y*
- 0.28%
- 10Y*
- 2.27%
FDEGX
- 1D
- -1.91%
- 1M
- -5.38%
- 6M
- 0.57%
- YTD
- 6.06%
- 1Y
- -3.98%
- 3Y*
- 12.42%
- 5Y*
- 6.19%
- 10Y*
- 11.39%
FBKWX vs. FDEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 0.22% | 7.60% | 2.20% | 6.56% | -13.55% | -0.27% | 9.46% | 9.88% | -0.56% | 4.39% |
FDEGX Fidelity Growth Strategies Fund | 6.06% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
Correlation
The correlation between FBKWX and FDEGX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.06 |
Over the past year, FBKWX and FDEGX have become more correlated (0.31) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
FBKWX vs. FDEGX — Risk / Return Rank
FBKWX
FDEGX
FBKWX vs. FDEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Growth Strategies Fund (FDEGX). 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.
| FBKWX | FDEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.00 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.15 | +1.75 |
| Martin ratioReturn relative to average drawdown | 4.35 | -0.37 | +4.71 |
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Drawdowns
FBKWX vs. FDEGX - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.31%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for FBKWX and FDEGX.
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Drawdown Indicators
| FBKWX | FDEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -85.96% | +67.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -20.45% | +17.57% |
Max Drawdown (3Y)Largest decline over 3 years | -5.82% | -26.04% | +20.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | -36.62% | +18.31% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -36.62% | +18.31% |
Current DrawdownCurrent decline from peak | -1.66% | -9.03% | +7.37% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -36.71% | +33.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 8.18% | -7.12% |
Volatility
FBKWX vs. FDEGX - Volatility Comparison
The current volatility for Fidelity Advisor Total Bond Fund Class Z (FBKWX) is 1.01%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 6.73%. This indicates that FBKWX experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBKWX | FDEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 6.73% | -5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 17.70% | -14.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 23.41% | -19.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 23.63% | -17.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 22.15% | -17.39% |
FBKWX vs. FDEGX - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is lower than FDEGX's 0.63% expense ratio.
Dividends
FBKWX vs. FDEGX - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.46%, while FDEGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.46% | 4.45% | 4.22% | 3.52% | 2.59% | 1.97% | 5.32% | 3.11% | 3.30% | 3.07% | 3.71% | 3.38% |
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
Frequently Asked Questions
FBKWX and FDEGX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (6.73%) compared to FBKWX (1.01%). In terms of maximum drawdown, FBKWX dropped -18.31% vs FDEGX's -85.96%.
FBKWX currently has the higher Sharpe Ratio (1.20 vs -0.13), 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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