FCTGX vs. VSGIX

Last updated Jun 24, 2026

FCTGX (Fidelity Advisor Small Cap Growth Fund Class M) and VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) are both Small Cap Growth Equities funds. Over the past 10 years, FCTGX returned 15.06%/yr vs 12.21%/yr for VSGIX. With a 0.97 correlation, they move nearly in lockstep. FCTGX charges 1.54%/yr vs 0.06%/yr for VSGIX.

Performance

FCTGX vs. VSGIX - 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 Institutional Shares (VSGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCTGX achieves a 24.94% return, which is significantly higher than VSGIX's 18.75% return. Over the past 10 years, FCTGX has outperformed VSGIX with an annualized return of 15.06%, while VSGIX has yielded a comparatively lower 12.21% annualized return.

FCTGX

• 1D: 1.22%
• 1M: 7.43%
• YTD: 24.94%
• 6M: 21.22%
• 1Y: 44.09%
• 3Y*: 22.19%
• 5Y*: 8.09%
• 10Y*: 15.06%

VSGIX

• 1D: 0.31%
• 1M: 3.11%
• YTD: 18.75%
• 6M: 15.73%
• 1Y: 32.50%
• 3Y*: 18.22%
• 5Y*: 5.13%
• 10Y*: 12.21%

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

FCTGX vs. VSGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCTGX Fidelity Advisor Small Cap Growth Fund Class M	24.94%	10.58%	19.92%	18.39%	-25.72%	9.89%	35.65%	35.62%	-5.10%	28.28%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	18.75%	8.44%	14.95%	23.07%	-28.39%	5.70%	35.29%	32.77%	-5.70%	21.94%

Correlation

The correlation between FCTGX and VSGIX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004	0.97

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

FCTGX vs. VSGIX - Sectors Allocation Comparison

Sectors	FCTGX	VSGIX
Healthcare	29.0%	14.4%
Industrials	24.5%	24.6%
Technology	20.8%	27.2%
Consumer Cyclical	8.3%	7.9%
Financial Services	6.2%	5.4%
Energy	3.1%	4.4%
Consumer Defensive	3.0%	2.7%
Basic Materials	2.6%	2.7%
Communication Services	1.0%	3.0%
Real Estate	0.9%	3.5%
Utilities	0.5%	1.3%

Return for Risk

FCTGX vs. VSGIX — Risk / Return Rank

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

FCTGX

FCTGX Risk / Return Rank: 62
FCTGX Sharpe Ratio Rank: 56
FCTGX Sortino Ratio Rank: 49
FCTGX Omega Ratio Rank: 45
FCTGX Calmar Ratio Rank: 80
FCTGX Martin Ratio Rank: 78

VSGIX

VSGIX Risk / Return Rank: 45
VSGIX Sharpe Ratio Rank: 38
VSGIX Sortino Ratio Rank: 35
VSGIX Omega Ratio Rank: 32
VSGIX Calmar Ratio Rank: 64
VSGIX Martin Ratio Rank: 58

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.

FCTGX vs. VSGIX - 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 Institutional Shares (VSGIX). 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	VSGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.65	+0.39
Sortino ratio: Return per unit of downside risk	2.72	2.29	+0.43
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	3.43	2.94	+0.48
Martin ratio: Return relative to average drawdown	13.67	11.01	+2.66

FCTGX vs. VSGIX - Sharpe Ratio Comparison

The current FCTGX Sharpe Ratio is 2.04, which is comparable to the VSGIX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FCTGX and VSGIX, 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. VSGIX - Drawdown Comparison

The maximum FCTGX drawdown since its inception was -61.25%, roughly equal to the maximum VSGIX drawdown of -58.66%. Use the drawdown chart below to compare losses from any high point for FCTGX and VSGIX.

Drawdown Indicators

	FCTGX	VSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.25%	-58.66%	-2.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-11.38%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-28.84%	-27.47%	-1.37%
Max Drawdown (5Y) Largest decline over 5 years	-39.21%	-38.36%	-0.85%
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	-38.70%	-0.51%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.57%	-11.32%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	3.04%	+0.27%

Volatility

FCTGX vs. VSGIX - Volatility Comparison

Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) has a higher volatility of 7.84% compared to Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) at 6.94%. This indicates that FCTGX's price experiences larger fluctuations and is considered to be riskier than VSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCTGX	VSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	6.94%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	17.32%	15.80%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	22.24%	20.32%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	23.70%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.95%	23.06%	-0.11%

FCTGX vs. VSGIX - Expense Ratio Comparison

FCTGX has a 1.54% expense ratio, which is higher than VSGIX's 0.06% expense ratio.

Dividends

FCTGX vs. VSGIX - Dividend Comparison

FCTGX's dividend yield for the trailing twelve months is around 5.96%, more than VSGIX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCTGX Fidelity Advisor Small Cap Growth Fund Class M	5.96%	7.44%	1.07%	0.00%	0.00%	21.26%	8.90%	5.81%	15.13%	7.17%	0.81%	4.23%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	0.45%	0.55%	0.55%	0.68%	0.56%	0.37%	0.45%	0.58%	0.80%	0.82%	1.09%	0.98%

Frequently Asked Questions

Can I hold both FCTGX and VSGIX in my portfolio?

With a correlation of 0.95, FCTGX and VSGIX 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 VSGIX?

FCTGX has higher volatility (7.84%) compared to VSGIX (6.94%). In terms of maximum drawdown, FCTGX dropped -61.25% vs VSGIX's -58.66%.

Which has better risk-adjusted returns?

FCTGX currently has the higher Sharpe Ratio (2.04 vs 1.65), 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.