FDGDX vs. AFNIX

Last updated Jun 23, 2026

FDGDX (Fidelity Advisor 529 Dividend Growth Portfolio Class D) and AFNIX (AAM/Bahl & Gaynor Income Growth Fund Class I) are both mutual funds - FDGDX is a Dividend fund actively managed by Fidelity, while AFNIX is a Large Cap Blend Equities fund managed by AAM. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

FDGDX vs. AFNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) and AAM/Bahl & Gaynor Income Growth Fund Class I (AFNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDGDX

• 1D: 1.75%
• 1M: 3.22%
• YTD: 18.15%
• 6M: 17.89%
• 1Y: 38.87%
• 3Y*: 25.70%
• 5Y*: 15.75%
• 10Y*: —

AFNIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDGDX vs. AFNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	18.15%	21.56%	26.30%	16.72%	-12.54%	27.06%	1.32%	27.67%	-7.58%	17.77%
AFNIX AAM/Bahl & Gaynor Income Growth Fund Class I	1.74%	11.36%	16.23%	6.59%	-8.77%	25.23%	6.60%	25.71%	-1.98%	18.55%

Correlation

The correlation between FDGDX and AFNIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.78

Over the past year, the correlation between FDGDX and AFNIX has dropped to 0.45 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

FDGDX vs. AFNIX — Risk / Return Rank

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

FDGDX

FDGDX Risk / Return Rank: 89
FDGDX Sharpe Ratio Rank: 93
FDGDX Sortino Ratio Rank: 87
FDGDX Omega Ratio Rank: 84
FDGDX Calmar Ratio Rank: 89
FDGDX Martin Ratio Rank: 93

AFNIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FDGDX vs. AFNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) and AAM/Bahl & Gaynor Income Growth Fund Class I (AFNIX). 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.

	FDGDX	AFNIX	Difference
Sharpe ratio: Return per unit of total volatility	2.91	—	—
Sortino ratio: Return per unit of downside risk	3.85	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	4.26	—	—
Martin ratio: Return relative to average drawdown	18.04	—	—

Drawdowns

Drawdown Indicators

	FDGDX	AFNIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.70%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-5.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	FDGDX	AFNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	—	—

Dividends

FDGDX vs. AFNIX - Dividend Comparison

FDGDX has not paid dividends to shareholders, while AFNIX's dividend yield for the trailing twelve months is around 31.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFNIX AAM/Bahl & Gaynor Income Growth Fund Class I	31.18%	14.13%	6.88%	3.43%	4.61%	1.78%	1.75%	2.13%	2.04%	1.72%	1.79%	2.66%
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDGDX and AFNIX in my portfolio?

FDGDX and AFNIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.