FDEGX vs. FCAGX
FDEGX (Fidelity Growth Strategies Fund) and FCAGX (Fidelity Advisor Small Cap Growth Fund Class A) are both mutual funds - FDEGX is a Mid Cap Growth Equities fund actively managed by Fidelity, while FCAGX is a Small Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FDEGX returned 11.32%/yr vs 14.02%/yr for FCAGX. Their correlation of 0.91 means they have usually moved in the same direction. FDEGX charges 0.69%/yr vs 1.29%/yr for FCAGX.
Performance
FDEGX vs. FCAGX - Performance Comparison
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Returns By Period
In the year-to-date period, FDEGX achieves a 4.13% return, which is significantly lower than FCAGX's 19.82% return. Over the past 10 years, FDEGX has underperformed FCAGX with an annualized return of 11.32%, while FCAGX has yielded a comparatively higher 14.02% annualized return.
FDEGX
- 1D
- 0.48%
- 1M
- -6.20%
- 6M
- 3.37%
- YTD
- 4.13%
- 1Y
- -5.01%
- 3Y*
- 11.67%
- 5Y*
- 4.78%
- 10Y*
- 11.32%
- ALL TIME*
- 9.44%
FCAGX
- 1D
- -0.75%
- 1M
- -3.82%
- 6M
- 14.07%
- YTD
- 19.82%
- 1Y
- 35.17%
- 3Y*
- 18.30%
- 5Y*
- 7.45%
- 10Y*
- 14.02%
- ALL TIME*
- 11.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDEGX vs. FCAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 4.13% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | 19.82% | 10.88% | 20.21% | 18.72% | -25.57% | 10.19% | 36.01% | 35.97% | -4.85% | 28.62% |
Correlation
The correlation between FDEGX and FCAGX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004 | 0.91 |
The correlation between FDEGX and FCAGX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
FDEGX vs. FCAGX — Risk / Return Rank
FDEGX
FCAGX
FDEGX vs. FCAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Fidelity Advisor Small Cap Growth Fund Class A (FCAGX). 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.
| FDEGX | FCAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.25 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.49 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.80 | 9.28 | -10.08 |
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Drawdowns
FDEGX vs. FCAGX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than FCAGX's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for FDEGX and FCAGX.
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Drawdown Indicators
| FDEGX | FCAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -61.19% | -24.77% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -13.19% | -7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -28.76% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -39.13% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -39.13% | +2.51% |
Current DrawdownCurrent decline from peak | -10.69% | -5.98% | -4.71% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -11.42% | -25.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 3.54% | +4.91% |
Volatility
FDEGX vs. FCAGX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.75% compared to Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) at 5.97%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than FCAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEGX | FCAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 5.97% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 17.98% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 22.75% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 23.70% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 22.94% | -0.71% |
FDEGX vs. FCAGX - Expense Ratio Comparison
FDEGX has a 0.69% expense ratio, which is lower than FCAGX's 1.29% expense ratio.
Dividends
FDEGX vs. FCAGX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while FCAGX's dividend yield for the trailing twelve months is around 5.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | 5.80% | 6.94% | 1.20% | 0.00% | 0.00% | 20.36% | 8.58% | 5.58% | 14.80% | 7.05% | 0.79% | 4.32% |
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
Frequently Asked Questions
With a correlation of 0.90, FDEGX and FCAGX 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.
FDEGX has higher volatility (7.75%) compared to FCAGX (5.97%). In terms of maximum drawdown, FDEGX dropped -85.96% vs FCAGX's -61.19%.
FCAGX currently has the higher Sharpe Ratio (1.45 vs -0.28), 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.
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