FCSDX vs. FBGRX

Last updated Jun 4, 2026

FCSDX (Fidelity Advisor Strategic Dividend & Income Fund Class C) and FBGRX (Fidelity Blue Chip Growth Fund) are both mutual funds - FCSDX is a Diversified Portfolio fund managed by Fidelity, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FCSDX returned 8.75%/yr vs 21.88%/yr for FBGRX. A 0.80 correlation means they provide meaningful diversification when combined. FCSDX charges 1.73%/yr vs 0.79%/yr for FBGRX.

Performance

FCSDX vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCSDX achieves a 12.38% return, which is significantly lower than FBGRX's 18.56% return. Over the past 10 years, FCSDX has underperformed FBGRX with an annualized return of 8.75%, while FBGRX has yielded a comparatively higher 21.88% annualized return.

FCSDX

• 1D: 0.67%
• 1M: 2.42%
• YTD: 12.38%
• 6M: 12.69%
• 1Y: 22.46%
• 3Y*: 13.94%
• 5Y*: 7.42%
• 10Y*: 8.75%

FBGRX

• 1D: 0.76%
• 1M: 9.10%
• YTD: 18.56%
• 6M: 19.76%
• 1Y: 44.98%
• 3Y*: 32.54%
• 5Y*: 17.08%
• 10Y*: 21.88%

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

FCSDX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCSDX Fidelity Advisor Strategic Dividend & Income Fund Class C	12.38%	11.86%	10.33%	8.38%	-10.86%	17.81%	10.16%	21.23%	-5.42%	10.51%
FBGRX Fidelity Blue Chip Growth Fund	18.56%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FCSDX and FBGRX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 26, 2003	0.80

Over the past year, the correlation between FCSDX and FBGRX has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FCSDX vs. FBGRX — Risk / Return Rank

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

FCSDX

FCSDX Risk / Return Rank: 83
FCSDX Sharpe Ratio Rank: 85
FCSDX Sortino Ratio Rank: 81
FCSDX Omega Ratio Rank: 78
FCSDX Calmar Ratio Rank: 84
FCSDX Martin Ratio Rank: 86

FBGRX

FBGRX Risk / Return Rank: 75
FBGRX Sharpe Ratio Rank: 83
FBGRX Sortino Ratio Rank: 67
FBGRX Omega Ratio Rank: 65
FBGRX Calmar Ratio Rank: 80
FBGRX Martin Ratio Rank: 83

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.

FCSDX vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FCSDX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.78	2.67	+0.11
Sortino ratio: Return per unit of downside risk	3.88	3.41	+0.47
Omega ratio: Gain probability vs. loss probability	1.52	1.45	+0.07
Calmar ratio: Return relative to maximum drawdown	3.93	3.67	+0.26
Martin ratio: Return relative to average drawdown	16.34	15.56	+0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCSDX vs. FBGRX - Sharpe Ratio Comparison

The current FCSDX Sharpe Ratio is 2.78, which is comparable to the FBGRX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of FCSDX and FBGRX, 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

	FCSDX	FBGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.67	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.69	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.93	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.68	-0.20

Drawdowns

FCSDX vs. FBGRX - Drawdown Comparison

The maximum FCSDX drawdown since its inception was -59.48%, roughly equal to the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FCSDX and FBGRX.

Drawdown Indicators

	FCSDX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-59.48%	-58.64%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-12.65%	+6.82%
Max Drawdown (3Y) Largest decline over 3 years	-12.87%	-27.07%	+14.20%
Max Drawdown (5Y) Largest decline over 5 years	-17.78%	-43.08%	+25.30%
Max Drawdown (10Y) Largest decline over 10 years	-30.04%	-43.08%	+13.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.97%	-12.53%	+5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	2.98%	-1.58%

Volatility

FCSDX vs. FBGRX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) is 2.27%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 4.14%. This indicates that FCSDX experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCSDX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	4.14%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	6.32%	13.00%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	17.44%	-9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.97%	24.88%	-13.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.43%	23.69%	-11.26%

FCSDX vs. FBGRX - Expense Ratio Comparison

FCSDX has a 1.73% expense ratio, which is higher than FBGRX's 0.79% expense ratio.

Dividends

FCSDX vs. FBGRX - Dividend Comparison

FCSDX's dividend yield for the trailing twelve months is around 6.20%, more than FBGRX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.60%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FCSDX Fidelity Advisor Strategic Dividend & Income Fund Class C	6.20%	6.96%	4.24%	4.70%	3.17%	7.40%	4.74%	5.70%	7.06%	5.87%	3.97%	5.36%

Frequently Asked Questions

Can I hold both FCSDX and FBGRX in my portfolio?

FCSDX and FBGRX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCSDX or FBGRX?

FBGRX has higher volatility (4.14%) compared to FCSDX (2.27%). In terms of maximum drawdown, FCSDX dropped -59.48% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FCSDX currently has the higher Sharpe Ratio (2.78 vs 2.67), 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.