FDGDX vs. FDGFX

Last updated Jun 23, 2026

FDGDX (Fidelity Advisor 529 Dividend Growth Portfolio Class D) and FDGFX (Fidelity Dividend Growth Fund) are both mutual funds - FDGDX is a Dividend fund actively managed by Fidelity, while FDGFX is a Large Cap Blend Equities fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FDGDX returned 15.75%/yr vs 16.80%/yr for FDGFX. Their correlation of 0.95 suggests significant overlap in exposure.

Performance

FDGDX vs. FDGFX - 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 Fidelity Dividend Growth Fund (FDGFX). 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 FDGDX having a 18.15% return and FDGFX slightly higher at 18.52%.

FDGDX

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

FDGFX

• 1D: 1.72%
• 1M: 3.26%
• YTD: 18.52%
• 6M: 18.30%
• 1Y: 40.44%
• 3Y*: 26.77%
• 5Y*: 16.80%
• 10Y*: 14.40%

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

FDGDX vs. FDGFX - 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%
FDGFX Fidelity Dividend Growth Fund	18.52%	22.48%	27.58%	17.86%	-11.61%	27.96%	2.20%	28.75%	-7.23%	16.92%

Correlation

The correlation between FDGDX and FDGFX 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	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.95

The correlation between FDGDX and FDGFX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

FDGDX vs. FDGFX — 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

FDGFX

FDGFX Risk / Return Rank: 87
FDGFX Sharpe Ratio Rank: 90
FDGFX Sortino Ratio Rank: 83
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 87
FDGFX Martin Ratio Rank: 92

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. FDGFX - 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 Fidelity Dividend Growth Fund (FDGFX). 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	FDGFX	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.76	+0.14
Sortino ratio: Return per unit of downside risk	3.85	3.63	+0.21
Omega ratio: Gain probability vs. loss probability	1.53	1.49	+0.03
Calmar ratio: Return relative to maximum drawdown	4.26	3.94	+0.32
Martin ratio: Return relative to average drawdown	18.04	17.31	+0.73

FDGDX vs. FDGFX - Sharpe Ratio Comparison

The current FDGDX Sharpe Ratio is 2.91, which is comparable to the FDGFX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of FDGDX and FDGFX, 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. FDGFX - Drawdown Comparison

The maximum FDGDX drawdown since its inception was -38.44%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for FDGDX and FDGFX.

Drawdown Indicators

	FDGDX	FDGFX	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-60.77%	+22.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-10.16%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-21.70%	-21.37%	-0.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.70%	-21.37%	-0.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.29%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.41%	-7.51%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.31%	0.00%

Volatility

FDGDX vs. FDGFX - Volatility Comparison

Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) and Fidelity Dividend Growth Fund (FDGFX) have volatilities of 6.08% and 6.07%, 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

	FDGDX	FDGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	6.07%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	11.80%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	14.48%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	16.75%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	19.29%	+0.15%

Dividends

FDGDX vs. FDGFX - Dividend Comparison

FDGDX has not paid dividends to shareholders, while FDGFX's dividend yield for the trailing twelve months is around 8.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FDGFX Fidelity Dividend Growth Fund	8.05%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%

Frequently Asked Questions

Can I hold both FDGDX and FDGFX in my portfolio?

With a correlation of 0.91, FDGDX and FDGFX 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, FDGDX or FDGFX?

FDGDX has higher volatility (6.08%) compared to FDGFX (6.07%). In terms of maximum drawdown, FDGDX dropped -38.44% vs FDGFX's -60.77%.

Which has better risk-adjusted returns?

FDGDX currently has the higher Sharpe Ratio (2.91 vs 2.76), 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.