FDCAX vs. FBCGX

Last updated Jun 4, 2026

FDCAX (Fidelity Capital Appreciation Fund) and FBCGX (Fidelity Blue Chip Growth K6 Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 5 years, FDCAX returned 14.59%/yr vs 17.18%/yr for FBCGX. Their correlation of 0.94 suggests significant overlap in exposure. FDCAX charges 0.84%/yr vs 0.45%/yr for FBCGX.

Performance

FDCAX vs. FBCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Capital Appreciation Fund (FDCAX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). 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 FDCAX having a 16.79% return and FBCGX slightly higher at 17.59%.

FDCAX

• 1D: -0.15%
• 1M: 5.64%
• YTD: 16.79%
• 6M: 17.41%
• 1Y: 34.43%
• 3Y*: 25.08%
• 5Y*: 14.59%
• 10Y*: 16.39%

FBCGX

• 1D: 0.83%
• 1M: 8.40%
• YTD: 17.59%
• 6M: 18.73%
• 1Y: 43.06%
• 3Y*: 32.20%
• 5Y*: 17.18%
• 10Y*: —

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

FDCAX vs. FBCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDCAX Fidelity Capital Appreciation Fund	16.79%	18.05%	25.11%	28.81%	-21.23%	23.85%	33.92%	30.15%	-5.23%	11.79%
FBCGX Fidelity Blue Chip Growth K6 Fund	17.59%	21.33%	38.15%	55.57%	-37.84%	23.00%	62.92%	36.11%	-2.33%	14.15%

Correlation

The correlation between FDCAX and FBCGX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 26, 2017	0.94

The correlation between FDCAX and FBCGX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

FDCAX vs. FBCGX — Risk / Return Rank

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

FDCAX

FDCAX Risk / Return Rank: 66
FDCAX Sharpe Ratio Rank: 71
FDCAX Sortino Ratio Rank: 59
FDCAX Omega Ratio Rank: 59
FDCAX Calmar Ratio Rank: 69
FDCAX Martin Ratio Rank: 72

FBCGX

FBCGX Risk / Return Rank: 71
FBCGX Sharpe Ratio Rank: 77
FBCGX Sortino Ratio Rank: 61
FBCGX Omega Ratio Rank: 60
FBCGX Calmar Ratio Rank: 78
FBCGX Martin Ratio Rank: 79

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.

FDCAX vs. FBCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital Appreciation Fund (FDCAX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). 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.

	FDCAX	FBCGX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.54	-0.09
Sortino ratio: Return per unit of downside risk	3.24	3.28	-0.05
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.20	3.55	-0.34
Martin ratio: Return relative to average drawdown	13.79	14.82	-1.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDCAX vs. FBCGX - Sharpe Ratio Comparison

The current FDCAX Sharpe Ratio is 2.45, which is comparable to the FBCGX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FDCAX and FBCGX, 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

	FDCAX	FBCGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.54	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.69	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.87	-0.26

Drawdowns

FDCAX vs. FBCGX - Drawdown Comparison

The maximum FDCAX drawdown since its inception was -58.53%, which is greater than FBCGX's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for FDCAX and FBCGX.

Drawdown Indicators

	FDCAX	FBCGX	Difference
Max Drawdown Largest peak-to-trough decline	-58.53%	-42.55%	-15.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-12.64%	+1.58%
Max Drawdown (3Y) Largest decline over 3 years	-29.68%	-26.83%	-2.85%
Max Drawdown (5Y) Largest decline over 5 years	-29.68%	-42.55%	+12.87%
Max Drawdown (10Y) Largest decline over 10 years	-33.06%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-9.91%	-8.89%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	3.01%	-0.44%

Volatility

FDCAX vs. FBCGX - Volatility Comparison

Fidelity Capital Appreciation Fund (FDCAX) and Fidelity Blue Chip Growth K6 Fund (FBCGX) have volatilities of 4.27% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCAX	FBCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.12%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	13.12%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	17.67%	-3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	24.97%	-4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	24.87%	-4.27%

FDCAX vs. FBCGX - Expense Ratio Comparison

FDCAX has a 0.84% expense ratio, which is higher than FBCGX's 0.45% expense ratio.

Dividends

FDCAX vs. FBCGX - Dividend Comparison

FDCAX's dividend yield for the trailing twelve months is around 6.82%, more than FBCGX's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCGX Fidelity Blue Chip Growth K6 Fund	0.82%	0.97%	0.62%	0.26%	0.12%	6.71%	1.26%	0.28%	0.46%	0.13%	0.00%	0.00%
FDCAX Fidelity Capital Appreciation Fund	6.82%	7.96%	18.33%	3.33%	9.32%	16.76%	8.38%	13.50%	13.29%	10.43%	5.62%	12.38%

Frequently Asked Questions

Can I hold both FDCAX and FBCGX in my portfolio?

With a correlation of 0.91, FDCAX and FBCGX 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, FDCAX or FBCGX?

FDCAX has higher volatility (4.27%) compared to FBCGX (4.12%). In terms of maximum drawdown, FDCAX dropped -58.53% vs FBCGX's -42.55%.

Which has better risk-adjusted returns?

FBCGX currently has the higher Sharpe Ratio (2.54 vs 2.45), 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.