FCTGX vs. ORIGX

Last updated Aug 2, 2026

FCTGX (Fidelity Advisor Small Cap Growth Fund Class M) and ORIGX (North Square Spectrum Alpha Fund) are both Small Cap Growth Equities funds. Over the past 10 years, FCTGX returned 13.69%/yr vs 9.92%/yr for ORIGX. Their correlation of 0.94 means they have usually moved in the same direction. FCTGX charges 1.54%/yr vs 1.60%/yr for ORIGX.

Performance

FCTGX vs. ORIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) and North Square Spectrum Alpha Fund (ORIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FCTGX having a 20.57% return and ORIGX slightly higher at 21.51%. Over the past 10 years, FCTGX has outperformed ORIGX with an annualized return of 13.69%, while ORIGX has yielded a comparatively lower 9.92% annualized return.

FCTGX

• 1D: 2.55%
• 1M: -3.11%
• 6M: 16.08%
• YTD: 20.57%
• 1Y: 35.89%
• 3Y*: 18.08%
• 5Y*: 7.34%
• 10Y*: 13.69%
• ALL TIME*: 11.17%

ORIGX

• 1D: 0.83%
• 1M: -0.91%
• 6M: 15.87%
• YTD: 21.51%
• 1Y: 36.47%
• 3Y*: 17.81%
• 5Y*: 7.02%
• 10Y*: 9.92%
• ALL TIME*: 9.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCTGX Fidelity Advisor Small Cap Growth Fund Class M	$0.00	$0.00	$0.00
ORIGX North Square Spectrum Alpha Fund	$0.00	$0.00	$0.00

FCTGX vs. ORIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCTGX Fidelity Advisor Small Cap Growth Fund Class M	20.57%	10.58%	19.92%	18.39%	-25.72%	9.89%	35.65%	35.62%	-5.10%	28.28%
ORIGX North Square Spectrum Alpha Fund	21.51%	9.45%	15.06%	24.70%	-27.57%	10.38%	29.92%	22.34%	-7.09%	18.20%

Correlation

The correlation between FCTGX and ORIGX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004	0.94

The correlation between FCTGX and ORIGX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

FCTGX vs. ORIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCTGX

FCTGX Risk / Return Rank: 57
FCTGX Sharpe Ratio Rank: 50
FCTGX Sortino Ratio Rank: 48
FCTGX Omega Ratio Rank: 43
FCTGX Calmar Ratio Rank: 72
FCTGX Martin Ratio Rank: 71

ORIGX

ORIGX Risk / Return Rank: 80
ORIGX Sharpe Ratio Rank: 77
ORIGX Sortino Ratio Rank: 77
ORIGX Omega Ratio Rank: 72
ORIGX Calmar Ratio Rank: 91
ORIGX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCTGX vs. ORIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) and North Square Spectrum Alpha Fund (ORIGX). 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.

	FCTGX	ORIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.83	-0.41
Sortino ratio: Return per unit of downside risk	2.01	2.66	-0.64
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.43	3.46	-1.03
Martin ratio: Return relative to average drawdown	9.11	10.72	-1.61

FCTGX vs. ORIGX - Sharpe Ratio Comparison

The current FCTGX Sharpe Ratio is 1.41, which is comparable to the ORIGX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FCTGX and ORIGX, 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

FCTGX vs. ORIGX - Drawdown Comparison

The maximum FCTGX drawdown since its inception was -61.25%, which is greater than ORIGX's maximum drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for FCTGX and ORIGX.

Drawdown Indicators

	FCTGX	ORIGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.25%	-49.06%	-12.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-9.55%	-3.67%
Max Drawdown (3Y) Largest decline over 3 years	-28.84%	-26.25%	-2.59%
Max Drawdown (5Y) Largest decline over 5 years	-39.21%	-38.60%	-0.61%
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	-39.38%	+0.17%
Current Drawdown Current decline from peak	-5.27%	-2.24%	-3.03%
Average Drawdown Average peak-to-trough decline	-11.53%	-10.76%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.07%	+0.46%

Volatility

FCTGX vs. ORIGX - Volatility Comparison

Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) has a higher volatility of 6.02% compared to North Square Spectrum Alpha Fund (ORIGX) at 3.87%. This indicates that FCTGX's price experiences larger fluctuations and is considered to be riskier than ORIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCTGX	ORIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	3.87%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	17.97%	13.06%	+4.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.71%	18.06%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	21.85%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	21.52%	+1.42%

FCTGX vs. ORIGX - Expense Ratio Comparison

FCTGX has a 1.54% expense ratio, which is lower than ORIGX's 1.60% expense ratio.

Dividends

FCTGX vs. ORIGX - Dividend Comparison

FCTGX's dividend yield for the trailing twelve months is around 6.17%, more than ORIGX's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCTGX Fidelity Advisor Small Cap Growth Fund Class M	6.17%	7.44%	1.07%	0.00%	0.00%	21.26%	8.90%	5.81%	15.13%	7.17%	0.81%	4.23%
ORIGX North Square Spectrum Alpha Fund	0.48%	0.00%	0.00%	0.00%	78.80%	15.09%	12.73%	16.48%	20.15%	146.42%	6.54%	6.73%

Frequently Asked Questions

Can I hold both FCTGX and ORIGX in my portfolio?

FCTGX and ORIGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCTGX or ORIGX?

FCTGX has higher volatility (6.02%) compared to ORIGX (3.87%). In terms of maximum drawdown, FCTGX dropped -61.25% vs ORIGX's -49.06%.

Which has better risk-adjusted returns?

ORIGX currently has the higher Sharpe Ratio (1.83 vs 1.41), 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.