FDGDX vs. SOPYX

Last updated Jun 4, 2026

FDGDX (Fidelity Advisor 529 Dividend Growth Portfolio Class D) and SOPYX (ClearBridge Dividend Strategy Fund Class I) are both Dividend funds. Both are actively managed. Over the past 5 years, FDGDX returned 15.00%/yr vs 10.44%/yr for SOPYX. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

FDGDX vs. SOPYX - 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 ClearBridge Dividend Strategy Fund Class I (SOPYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDGDX achieves a 17.18% return, which is significantly higher than SOPYX's 5.89% return.

FDGDX

• 1D: -0.05%
• 1M: 5.05%
• YTD: 17.18%
• 6M: 18.60%
• 1Y: 38.09%
• 3Y*: 26.37%
• 5Y*: 15.00%
• 10Y*: —

SOPYX

• 1D: 0.28%
• 1M: 0.81%
• YTD: 5.89%
• 6M: 6.50%
• 1Y: 15.28%
• 3Y*: 15.14%
• 5Y*: 10.44%
• 10Y*: 12.41%

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

FDGDX vs. SOPYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	17.18%	21.56%	26.30%	16.72%	-12.54%	27.06%	1.32%	27.67%	-7.58%	17.77%
SOPYX ClearBridge Dividend Strategy Fund Class I	5.89%	12.56%	17.09%	14.45%	-8.16%	26.71%	7.96%	31.36%	-4.86%	17.92%

Correlation

The correlation between FDGDX and SOPYX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.81

Over the past year, the correlation between FDGDX and SOPYX has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FDGDX vs. SOPYX — Risk / Return Rank

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

FDGDX

FDGDX Risk / Return Rank: 88
FDGDX Sharpe Ratio Rank: 92
FDGDX Sortino Ratio Rank: 87
FDGDX Omega Ratio Rank: 84
FDGDX Calmar Ratio Rank: 87
FDGDX Martin Ratio Rank: 91

SOPYX

SOPYX Risk / Return Rank: 32
SOPYX Sharpe Ratio Rank: 34
SOPYX Sortino Ratio Rank: 33
SOPYX Omega Ratio Rank: 32
SOPYX Calmar Ratio Rank: 27
SOPYX Martin Ratio Rank: 35

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. SOPYX - 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 ClearBridge Dividend Strategy Fund Class I (SOPYX). 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.

	FDGDX	SOPYX	Difference
Sharpe ratio: Return per unit of total volatility	3.16	1.68	+1.48
Sortino ratio: Return per unit of downside risk	4.25	2.42	+1.83
Omega ratio: Gain probability vs. loss probability	1.57	1.30	+0.27
Calmar ratio: Return relative to maximum drawdown	4.30	1.94	+2.36
Martin ratio: Return relative to average drawdown	18.64	7.76	+10.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDGDX vs. SOPYX - Sharpe Ratio Comparison

The current FDGDX Sharpe Ratio is 3.16, which is higher than the SOPYX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of FDGDX and SOPYX, 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

	FDGDX	SOPYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	1.68	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.74	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.84	-0.13

Drawdowns

FDGDX vs. SOPYX - Drawdown Comparison

The maximum FDGDX drawdown since its inception was -38.44%, smaller than the maximum SOPYX drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for FDGDX and SOPYX.

Drawdown Indicators

	FDGDX	SOPYX	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-46.64%	+8.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-8.03%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.70%	-13.44%	-8.26%
Max Drawdown (5Y) Largest decline over 5 years	-21.70%	-19.10%	-2.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.70%	—
Current Drawdown Current decline from peak	-0.05%	-0.86%	+0.81%
Average Drawdown Average peak-to-trough decline	-5.43%	-5.55%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.00%	+0.25%

Volatility

FDGDX vs. SOPYX - Volatility Comparison

Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) has a higher volatility of 3.66% compared to ClearBridge Dividend Strategy Fund Class I (SOPYX) at 2.23%. This indicates that FDGDX's price experiences larger fluctuations and is considered to be riskier than SOPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGDX	SOPYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	2.23%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	7.01%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	9.26%	+4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.06%	14.17%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	16.32%	+3.08%

Dividends

FDGDX vs. SOPYX - Dividend Comparison

FDGDX has not paid dividends to shareholders, while SOPYX's dividend yield for the trailing twelve months is around 12.55%.

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%
SOPYX ClearBridge Dividend Strategy Fund Class I	12.55%	13.28%	9.41%	9.11%	5.77%	9.87%	1.98%	7.39%	6.74%	6.77%	3.23%	1.82%

Frequently Asked Questions

Can I hold both FDGDX and SOPYX in my portfolio?

FDGDX and SOPYX have a correlation of 0.51, 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 SOPYX?

FDGDX has higher volatility (3.66%) compared to SOPYX (2.23%). In terms of maximum drawdown, FDGDX dropped -38.44% vs SOPYX's -46.64%.

Which has better risk-adjusted returns?

FDGDX currently has the higher Sharpe Ratio (3.16 vs 1.68), 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.