FDGDX vs. CAIFX

Last updated Jun 23, 2026

FDGDX (Fidelity Advisor 529 Dividend Growth Portfolio Class D) and CAIFX (American Funds Capital Income Builder Fund Class F-2) are both Dividend funds. Both are actively managed. Over the past 5 years, FDGDX returned 15.75%/yr vs 9.05%/yr for CAIFX. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

FDGDX vs. CAIFX - 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 American Funds Capital Income Builder Fund Class F-2 (CAIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDGDX achieves a 18.15% return, which is significantly higher than CAIFX's 7.52% return.

FDGDX

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

CAIFX

• 1D: 0.00%
• 1M: 0.09%
• YTD: 7.52%
• 6M: 7.84%
• 1Y: 18.01%
• 3Y*: 14.57%
• 5Y*: 9.05%
• 10Y*: 8.10%

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

FDGDX vs. CAIFX - 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%
CAIFX American Funds Capital Income Builder Fund Class F-2	7.52%	20.63%	10.47%	9.21%	-6.95%	15.26%	3.41%	17.49%	-7.10%	12.84%

Correlation

The correlation between FDGDX and CAIFX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.79

The correlation between FDGDX and CAIFX shifts across timeframes, from 0.64 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDGDX vs. CAIFX — 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

CAIFX

CAIFX Risk / Return Rank: 62
CAIFX Sharpe Ratio Rank: 65
CAIFX Sortino Ratio Rank: 66
CAIFX Omega Ratio Rank: 64
CAIFX Calmar Ratio Rank: 57
CAIFX Martin Ratio Rank: 59

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. CAIFX - 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 American Funds Capital Income Builder Fund Class F-2 (CAIFX). 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	CAIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.18	+0.73
Sortino ratio: Return per unit of downside risk	3.85	3.09	+0.76
Omega ratio: Gain probability vs. loss probability	1.53	1.41	+0.12
Calmar ratio: Return relative to maximum drawdown	4.26	2.77	+1.49
Martin ratio: Return relative to average drawdown	18.04	10.98	+7.06

FDGDX vs. CAIFX - Sharpe Ratio Comparison

The current FDGDX Sharpe Ratio is 2.91, which is higher than the CAIFX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FDGDX and CAIFX, 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

FDGDX vs. CAIFX - Drawdown Comparison

The maximum FDGDX drawdown since its inception was -38.44%, roughly equal to the maximum CAIFX drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for FDGDX and CAIFX.

Drawdown Indicators

	FDGDX	CAIFX	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-36.83%	-1.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-6.47%	-3.76%
Max Drawdown (3Y) Largest decline over 3 years	-21.70%	-8.88%	-12.82%
Max Drawdown (5Y) Largest decline over 5 years	-21.70%	-17.51%	-4.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.27%	—
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-5.41%	-4.70%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.63%	+0.68%

Volatility

FDGDX vs. CAIFX - Volatility Comparison

Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) has a higher volatility of 6.08% compared to American Funds Capital Income Builder Fund Class F-2 (CAIFX) at 2.56%. This indicates that FDGDX's price experiences larger fluctuations and is considered to be riskier than CAIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGDX	CAIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	2.56%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	6.62%	+5.50%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	8.23%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	10.01%	+7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	10.89%	+8.55%

Dividends

FDGDX vs. CAIFX - Dividend Comparison

FDGDX has not paid dividends to shareholders, while CAIFX's dividend yield for the trailing twelve months is around 7.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIFX American Funds Capital Income Builder Fund Class F-2	7.51%	7.93%	5.98%	3.69%	3.66%	3.36%	3.60%	4.31%	3.76%	4.63%	3.73%	3.82%
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 CAIFX in my portfolio?

FDGDX and CAIFX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDGDX or CAIFX?

FDGDX has higher volatility (6.08%) compared to CAIFX (2.56%). In terms of maximum drawdown, FDGDX dropped -38.44% vs CAIFX's -36.83%.

Which has better risk-adjusted returns?

FDGDX currently has the higher Sharpe Ratio (2.91 vs 2.18), 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.