FCTGX vs. VISGX

Last updated Aug 2, 2026

FCTGX (Fidelity Advisor Small Cap Growth Fund Class M) and VISGX (Vanguard Small Cap Growth Index Fund) are both Small Cap Growth Equities funds. Over the past 10 years, FCTGX returned 13.69%/yr vs 10.62%/yr for VISGX. Their 0.97 correlation means they have historically moved very closely together. FCTGX charges 1.54%/yr vs 0.19%/yr for VISGX.

Performance

FCTGX vs. VISGX - 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 Vanguard Small Cap Growth Index Fund (VISGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCTGX achieves a 20.57% return, which is significantly higher than VISGX's 13.27% return. Over the past 10 years, FCTGX has outperformed VISGX with an annualized return of 13.69%, while VISGX has yielded a comparatively lower 10.62% 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%

VISGX

• 1D: 2.23%
• 1M: -4.70%
• 6M: 9.29%
• YTD: 13.27%
• 1Y: 23.41%
• 3Y*: 13.02%
• 5Y*: 4.02%
• 10Y*: 10.62%
• ALL TIME*: 9.03%

*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
VISGX Vanguard Small Cap Growth Index Fund	$0.00	$0.00	$0.00

FCTGX vs. VISGX - 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%
VISGX Vanguard Small Cap Growth Index Fund	13.27%	8.18%	14.80%	22.91%	-28.50%	5.58%	35.11%	32.60%	-5.81%	21.78%

Correlation

The correlation between FCTGX and VISGX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004	0.97

The correlation between FCTGX and VISGX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

FCTGX vs. VISGX — 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

VISGX

VISGX Risk / Return Rank: 36
VISGX Sharpe Ratio Rank: 30
VISGX Sortino Ratio Rank: 31
VISGX Omega Ratio Rank: 28
VISGX Calmar Ratio Rank: 47
VISGX Martin Ratio Rank: 42

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. VISGX - 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 Vanguard Small Cap Growth Index Fund (VISGX). 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	VISGX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.97	+0.45
Sortino ratio: Return per unit of downside risk	2.01	1.46	+0.56
Omega ratio: Gain probability vs. loss probability	1.24	1.17	+0.07
Calmar ratio: Return relative to maximum drawdown	2.43	1.76	+0.67
Martin ratio: Return relative to average drawdown	9.11	5.98	+3.13

FCTGX vs. VISGX - Sharpe Ratio Comparison

The current FCTGX Sharpe Ratio is 1.41, which is higher than the VISGX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FCTGX and VISGX, 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. VISGX - Drawdown Comparison

The maximum FCTGX drawdown since its inception was -61.25%, roughly equal to the maximum VISGX drawdown of -58.74%. Use the drawdown chart below to compare losses from any high point for FCTGX and VISGX.

Drawdown Indicators

	FCTGX	VISGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.25%	-58.74%	-2.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-11.39%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-28.84%	-27.58%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-39.21%	-38.41%	-0.80%
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	-38.70%	-0.51%
Current Drawdown Current decline from peak	-5.27%	-6.66%	+1.39%
Average Drawdown Average peak-to-trough decline	-11.53%	-11.56%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.36%	+0.17%

Volatility

FCTGX vs. VISGX - Volatility Comparison

Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) has a higher volatility of 6.02% compared to Vanguard Small Cap Growth Index Fund (VISGX) at 5.23%. This indicates that FCTGX's price experiences larger fluctuations and is considered to be riskier than VISGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCTGX	VISGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	5.23%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	17.97%	16.14%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.71%	20.70%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	23.74%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	23.03%	-0.09%

FCTGX vs. VISGX - Expense Ratio Comparison

FCTGX has a 1.54% expense ratio, which is higher than VISGX's 0.19% expense ratio.

Dividends

FCTGX vs. VISGX - Dividend Comparison

FCTGX's dividend yield for the trailing twelve months is around 6.17%, more than VISGX's 0.33% 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%
VISGX Vanguard Small Cap Growth Index Fund	0.33%	0.33%	0.42%	0.56%	0.46%	0.23%	0.35%	0.47%	0.65%	0.71%	0.97%	0.84%

Frequently Asked Questions

Can I hold both FCTGX and VISGX in my portfolio?

With a correlation of 0.95, FCTGX and VISGX 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, FCTGX or VISGX?

FCTGX has higher volatility (6.02%) compared to VISGX (5.23%). In terms of maximum drawdown, FCTGX dropped -61.25% vs VISGX's -58.74%.

Which has better risk-adjusted returns?

FCTGX currently has the higher Sharpe Ratio (1.41 vs 0.97), 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.