FCGSX vs. FVWSX

Last updated Jun 3, 2026

FCGSX (Fidelity Series Growth Company Fund) and FVWSX (Fidelity Series Opportunistic Insights Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FCGSX returned 24.66%/yr vs 17.73%/yr for FVWSX. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.00% expense ratio.

Performance

FCGSX vs. FVWSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Growth Company Fund (FCGSX) and Fidelity Series Opportunistic Insights Fund (FVWSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCGSX achieves a 23.84% return, which is significantly higher than FVWSX's 9.45% return. Over the past 10 years, FCGSX has outperformed FVWSX with an annualized return of 24.66%, while FVWSX has yielded a comparatively lower 17.73% annualized return.

FCGSX

• 1D: 0.78%
• 1M: 9.18%
• YTD: 23.84%
• 6M: 25.25%
• 1Y: 58.16%
• 3Y*: 34.71%
• 5Y*: 19.62%
• 10Y*: 24.66%

FVWSX

• 1D: -0.14%
• 1M: 3.60%
• YTD: 9.45%
• 6M: 11.40%
• 1Y: 26.94%
• 3Y*: 28.25%
• 5Y*: 15.40%
• 10Y*: 17.73%

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

FCGSX vs. FVWSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCGSX Fidelity Series Growth Company Fund	23.84%	25.52%	38.00%	45.97%	-32.15%	25.13%	70.01%	39.75%	-4.03%	37.69%
FVWSX Fidelity Series Opportunistic Insights Fund	9.45%	22.69%	36.47%	33.21%	-25.74%	24.95%	31.17%	30.57%	-2.07%	33.19%

Correlation

The correlation between FCGSX and FVWSX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 20, 2013	0.94

The correlation between FCGSX and FVWSX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

FCGSX vs. FVWSX — Risk / Return Rank

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

FCGSX

FCGSX Risk / Return Rank: 91
FCGSX Sharpe Ratio Rank: 96
FCGSX Sortino Ratio Rank: 87
FCGSX Omega Ratio Rank: 83
FCGSX Calmar Ratio Rank: 95
FCGSX Martin Ratio Rank: 97

FVWSX

FVWSX Risk / Return Rank: 48
FVWSX Sharpe Ratio Rank: 46
FVWSX Sortino Ratio Rank: 43
FVWSX Omega Ratio Rank: 43
FVWSX Calmar Ratio Rank: 49
FVWSX Martin Ratio Rank: 60

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.

FCGSX vs. FVWSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Growth Company Fund (FCGSX) and Fidelity Series Opportunistic Insights Fund (FVWSX). 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.

	FCGSX	FVWSX	Difference
Sharpe ratio Return per unit of total volatility	3.39	2.00	+1.39
Sortino ratio Return per unit of downside risk	4.17	2.75	+1.43
Omega ratio Gain probability vs. loss probability	1.55	1.35	+0.20
Calmar ratio Return relative to maximum drawdown	5.66	2.69	+2.97
Martin ratio Return relative to average drawdown	25.87	11.95	+13.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCGSX vs. FVWSX - Sharpe Ratio Comparison

The current FCGSX Sharpe Ratio is 3.39, which is higher than the FVWSX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FCGSX and FVWSX, 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

	FCGSX	FVWSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.39	2.00	+1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.82	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	0.92	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.94	+0.03

Drawdowns

FCGSX vs. FVWSX - Drawdown Comparison

The maximum FCGSX drawdown since its inception was -38.77%, which is greater than FVWSX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for FCGSX and FVWSX.

Drawdown Indicators

	FCGSX	FVWSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.77%	-31.69%	-7.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-10.52%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-20.23%	-5.84%
Max Drawdown (5Y) Largest decline over 5 years	-38.77%	-31.69%	-7.08%
Max Drawdown (10Y) Largest decline over 10 years	-38.77%	-31.69%	-7.08%
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-6.97%	-5.28%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.37%	-0.09%

Volatility

FCGSX vs. FVWSX - Volatility Comparison

Fidelity Series Growth Company Fund (FCGSX) has a higher volatility of 4.38% compared to Fidelity Series Opportunistic Insights Fund (FVWSX) at 3.73%. This indicates that FCGSX's price experiences larger fluctuations and is considered to be riskier than FVWSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCGSX	FVWSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.73%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	10.78%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	14.23%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.66%	18.79%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.25%	19.39%	+3.86%

FCGSX vs. FVWSX - Expense Ratio Comparison

FCGSX has a 0.00% expense ratio, which is lower than FVWSX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FCGSX vs. FVWSX - Dividend Comparison

FCGSX's dividend yield for the trailing twelve months is around 8.46%, less than FVWSX's 14.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCGSX Fidelity Series Growth Company Fund	8.46%	10.48%	12.49%	3.13%	0.61%	38.65%	31.99%	11.06%	13.21%	10.51%	2.44%	0.25%
FVWSX Fidelity Series Opportunistic Insights Fund	14.92%	16.24%	6.57%	1.02%	8.29%	21.40%	16.45%	9.19%	12.34%	12.74%	2.63%	7.00%

Frequently Asked Questions

Can I hold both FCGSX and FVWSX in my portfolio?

With a correlation of 0.92, FCGSX and FVWSX 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, FCGSX or FVWSX?

FCGSX has higher volatility (4.38%) compared to FVWSX (3.73%). In terms of maximum drawdown, FCGSX dropped -38.77% vs FVWSX's -31.69%.

Which has better risk-adjusted returns?

FCGSX currently has the higher Sharpe Ratio (3.39 vs 2.00), 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.