FCAKX vs. VIGAX

Last updated Jun 4, 2026

FCAKX (Fidelity Capital Appreciation Fund Class K) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both Large Cap Growth Equities funds. Over the past 10 years, FCAKX returned 16.47%/yr vs 18.39%/yr for VIGAX. Their correlation of 0.94 suggests significant overlap in exposure. FCAKX charges 0.76%/yr vs 0.05%/yr for VIGAX.

Performance

FCAKX vs. VIGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Capital Appreciation Fund Class K (FCAKX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCAKX achieves a 16.85% return, which is significantly higher than VIGAX's 10.82% return. Over the past 10 years, FCAKX has underperformed VIGAX with an annualized return of 16.47%, while VIGAX has yielded a comparatively higher 18.39% annualized return.

FCAKX

• 1D: -0.15%
• 1M: 5.65%
• YTD: 16.85%
• 6M: 17.47%
• 1Y: 34.56%
• 3Y*: 25.18%
• 5Y*: 14.68%
• 10Y*: 16.47%

VIGAX

• 1D: -0.28%
• 1M: 7.54%
• YTD: 10.82%
• 6M: 10.11%
• 1Y: 29.44%
• 3Y*: 26.45%
• 5Y*: 15.71%
• 10Y*: 18.39%

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

FCAKX vs. VIGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCAKX Fidelity Capital Appreciation Fund Class K	16.85%	18.12%	25.19%	28.92%	-21.17%	23.95%	34.02%	30.30%	-5.15%	22.81%
VIGAX Vanguard Growth Index Fund Admiral Shares	10.82%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%

Correlation

The correlation between FCAKX and VIGAX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 16, 2008	0.94

The correlation between FCAKX and VIGAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FCAKX vs. VIGAX — Risk / Return Rank

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

FCAKX

FCAKX Risk / Return Rank: 67
FCAKX Sharpe Ratio Rank: 71
FCAKX Sortino Ratio Rank: 60
FCAKX Omega Ratio Rank: 59
FCAKX Calmar Ratio Rank: 70
FCAKX Martin Ratio Rank: 73

VIGAX

VIGAX Risk / Return Rank: 34
VIGAX Sharpe Ratio Rank: 43
VIGAX Sortino Ratio Rank: 38
VIGAX Omega Ratio Rank: 39
VIGAX Calmar Ratio Rank: 24
VIGAX Martin Ratio Rank: 27

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.

FCAKX vs. VIGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital Appreciation Fund Class K (FCAKX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.

	FCAKX	VIGAX	Difference
Sharpe ratio Return per unit of total volatility	2.47	1.92	+0.55
Sortino ratio Return per unit of downside risk	3.25	2.59	+0.66
Omega ratio Gain probability vs. loss probability	1.43	1.33	+0.10
Calmar ratio Return relative to maximum drawdown	3.23	1.84	+1.39
Martin ratio Return relative to average drawdown	13.89	6.49	+7.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCAKX vs. VIGAX - Sharpe Ratio Comparison

The current FCAKX Sharpe Ratio is 2.47, which is comparable to the VIGAX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FCAKX and VIGAX, 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

	FCAKX	VIGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.92	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.71	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.86	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.48	+0.08

Drawdowns

FCAKX vs. VIGAX - Drawdown Comparison

The maximum FCAKX drawdown since its inception was -52.42%, roughly equal to the maximum VIGAX drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for FCAKX and VIGAX.

Drawdown Indicators

	FCAKX	VIGAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.42%	-50.66%	-1.76%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-16.51%	+5.45%
Max Drawdown (3Y) Largest decline over 3 years	-29.60%	-23.04%	-6.56%
Max Drawdown (5Y) Largest decline over 5 years	-29.60%	-35.63%	+6.03%
Max Drawdown (10Y) Largest decline over 10 years	-33.06%	-35.63%	+2.57%
Current Drawdown Current decline from peak	-0.15%	-0.28%	+0.13%
Average Drawdown Average peak-to-trough decline	-7.85%	-11.96%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	4.68%	-2.12%

Volatility

FCAKX vs. VIGAX - Volatility Comparison

Fidelity Capital Appreciation Fund Class K (FCAKX) has a higher volatility of 4.28% compared to Vanguard Growth Index Fund Admiral Shares (VIGAX) at 3.62%. This indicates that FCAKX's price experiences larger fluctuations and is considered to be riskier than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCAKX	VIGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	3.62%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	12.10%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	15.88%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	22.35%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	21.59%	-1.00%

FCAKX vs. VIGAX - Expense Ratio Comparison

FCAKX has a 0.76% expense ratio, which is higher than VIGAX's 0.05% expense ratio.

Dividends

FCAKX vs. VIGAX - Dividend Comparison

FCAKX's dividend yield for the trailing twelve months is around 6.84%, more than VIGAX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCAKX Fidelity Capital Appreciation Fund Class K	6.84%	7.99%	18.24%	3.39%	9.36%	16.79%	8.41%	13.55%	13.38%	10.41%	5.73%	12.36%
VIGAX Vanguard Growth Index Fund Admiral Shares	0.36%	0.40%	0.46%	0.57%	0.69%	0.47%	0.66%	0.94%	1.31%	1.14%	1.39%	1.31%

Frequently Asked Questions

Can I hold both FCAKX and VIGAX in my portfolio?

With a correlation of 0.90, FCAKX and VIGAX 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, FCAKX or VIGAX?

FCAKX has higher volatility (4.28%) compared to VIGAX (3.62%). In terms of maximum drawdown, FCAKX dropped -52.42% vs VIGAX's -50.66%.

Which has better risk-adjusted returns?

FCAKX currently has the higher Sharpe Ratio (2.46 vs 1.92), 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.