FCGSX vs. VYM

Last updated Jun 23, 2026

FCGSX (Fidelity Series Growth Company Fund) and VYM (Vanguard High Dividend Yield ETF) are both funds - FCGSX is a Large Cap Growth Equities fund managed by Fidelity, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, FCGSX returned 24.90%/yr vs 12.00%/yr for VYM. A 0.62 correlation means they provide meaningful diversification when combined. FCGSX charges 0.00%/yr vs 0.04%/yr for VYM.

Performance

FCGSX vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Growth Company Fund (FCGSX) and Vanguard High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCGSX achieves a 23.73% return, which is significantly higher than VYM's 11.70% return. Over the past 10 years, FCGSX has outperformed VYM with an annualized return of 24.90%, while VYM has yielded a comparatively lower 12.00% annualized return.

FCGSX

• 1D: 1.81%
• 1M: 2.62%
• YTD: 23.73%
• 6M: 22.92%
• 1Y: 56.23%
• 3Y*: 33.30%
• 5Y*: 18.80%
• 10Y*: 24.90%

VYM

• 1D: 0.11%
• 1M: 0.42%
• YTD: 11.70%
• 6M: 11.13%
• 1Y: 25.24%
• 3Y*: 18.48%
• 5Y*: 12.10%
• 10Y*: 12.00%

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

FCGSX vs. VYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCGSX Fidelity Series Growth Company Fund	23.73%	25.52%	38.00%	45.97%	-32.15%	25.13%	70.01%	39.75%	-4.03%	37.69%
VYM Vanguard High Dividend Yield ETF	11.70%	15.42%	17.60%	6.57%	-0.43%	26.20%	1.15%	24.06%	-5.92%	16.42%

Correlation

The correlation between FCGSX and VYM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 19, 2013	0.62

The correlation between FCGSX and VYM shifts across timeframes, from 0.47 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCGSX vs. VYM — Risk / Return Rank

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

FCGSX

FCGSX Risk / Return Rank: 90
FCGSX Sharpe Ratio Rank: 93
FCGSX Sortino Ratio Rank: 84
FCGSX Omega Ratio Rank: 81
FCGSX Calmar Ratio Rank: 95
FCGSX Martin Ratio Rank: 97

VYM

VYM Risk / Return Rank: 78
VYM Sharpe Ratio Rank: 80
VYM Sortino Ratio Rank: 82
VYM Omega Ratio Rank: 78
VYM Calmar Ratio Rank: 77
VYM Martin Ratio Rank: 76

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. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Growth Company Fund (FCGSX) and Vanguard High Dividend Yield ETF (VYM). 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.

	FCGSX	VYM	Difference
Sharpe ratio: Return per unit of total volatility	2.95	2.44	+0.51
Sortino ratio: Return per unit of downside risk	3.66	3.48	+0.18
Omega ratio: Gain probability vs. loss probability	1.49	1.44	+0.05
Calmar ratio: Return relative to maximum drawdown	5.34	3.79	+1.55
Martin ratio: Return relative to average drawdown	23.29	14.09	+9.19

FCGSX vs. VYM - Sharpe Ratio Comparison

The current FCGSX Sharpe Ratio is 2.95, which is comparable to the VYM Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FCGSX and VYM, 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

FCGSX vs. VYM - Drawdown Comparison

The maximum FCGSX drawdown since its inception was -38.77%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FCGSX and VYM.

Drawdown Indicators

	FCGSX	VYM	Difference
Max Drawdown Largest peak-to-trough decline	-38.77%	-56.98%	+18.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-6.69%	-3.73%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-14.46%	-11.61%
Max Drawdown (5Y) Largest decline over 5 years	-38.77%	-15.84%	-22.93%
Max Drawdown (10Y) Largest decline over 10 years	-38.77%	-35.21%	-3.56%
Current Drawdown Current decline from peak	-0.62%	-1.12%	+0.50%
Average Drawdown Average peak-to-trough decline	-6.95%	-7.18%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	1.80%	+0.58%

Volatility

FCGSX vs. VYM - Volatility Comparison

Fidelity Series Growth Company Fund (FCGSX) has a higher volatility of 7.55% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. This indicates that FCGSX's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCGSX	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	3.02%	+4.53%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	7.64%	+7.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	10.41%	+8.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	13.93%	+9.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.33%	16.35%	+6.98%

FCGSX vs. VYM - Expense Ratio Comparison

FCGSX has a 0.00% expense ratio, which is lower than VYM's 0.04% 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. VYM - Dividend Comparison

FCGSX's dividend yield for the trailing twelve months is around 8.47%, more than VYM's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCGSX Fidelity Series Growth Company Fund	8.47%	10.48%	12.49%	3.13%	0.61%	38.65%	31.99%	11.06%	13.21%	10.51%	2.44%	0.25%
VYM Vanguard High Dividend Yield ETF	2.29%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both FCGSX and VYM in my portfolio?

FCGSX and VYM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCGSX or VYM?

FCGSX has higher volatility (7.55%) compared to VYM (3.02%). In terms of maximum drawdown, FCGSX dropped -38.77% vs VYM's -56.98%.

Which has better risk-adjusted returns?

FCGSX currently has the higher Sharpe Ratio (2.95 vs 2.44), 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.