FDGFX vs. ARKQ

Last updated Jun 16, 2026

FDGFX (Fidelity Dividend Growth Fund) and ARKQ (ARK Autonomous Technology & Robotics ETF) are both funds - FDGFX is a Large Cap Blend Equities fund actively managed by Fidelity, while ARKQ is a Robotics fund actively managed by ARK. Both are actively managed. Over the past 10 years, FDGFX returned 14.11%/yr vs 22.08%/yr for ARKQ. A 0.70 correlation means they provide meaningful diversification when combined. FDGFX charges 0.48%/yr vs 0.75%/yr for ARKQ.

Performance

FDGFX vs. ARKQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend Growth Fund (FDGFX) and ARK Autonomous Technology & Robotics ETF (ARKQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDGFX achieves a 15.18% return, which is significantly lower than ARKQ's 17.47% return. Over the past 10 years, FDGFX has underperformed ARKQ with an annualized return of 14.11%, while ARKQ has yielded a comparatively higher 22.08% annualized return.

FDGFX

• 1D: 0.78%
• 1M: 0.18%
• YTD: 15.18%
• 6M: 16.16%
• 1Y: 36.03%
• 3Y*: 25.87%
• 5Y*: 15.34%
• 10Y*: 14.11%

ARKQ

• 1D: 4.08%
• 1M: 1.98%
• YTD: 17.47%
• 6M: 19.36%
• 1Y: 64.14%
• 3Y*: 34.41%
• 5Y*: 11.10%
• 10Y*: 22.08%

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

FDGFX vs. ARKQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGFX Fidelity Dividend Growth Fund	15.18%	22.48%	27.58%	17.86%	-11.61%	27.96%	2.20%	28.75%	-7.23%	18.05%
ARKQ ARK Autonomous Technology & Robotics ETF	17.47%	48.81%	33.88%	40.70%	-46.75%	1.74%	107.20%	25.94%	-7.89%	52.26%

Correlation

The correlation between FDGFX and ARKQ is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014	0.70

The correlation between FDGFX and ARKQ has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

FDGFX vs. ARKQ — Risk / Return Rank

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

FDGFX

FDGFX Risk / Return Rank: 82
FDGFX Sharpe Ratio Rank: 84
FDGFX Sortino Ratio Rank: 78
FDGFX Omega Ratio Rank: 78
FDGFX Calmar Ratio Rank: 82
FDGFX Martin Ratio Rank: 88

ARKQ

ARKQ Risk / Return Rank: 60
ARKQ Sharpe Ratio Rank: 65
ARKQ Sortino Ratio Rank: 56
ARKQ Omega Ratio Rank: 54
ARKQ Calmar Ratio Rank: 69
ARKQ Martin Ratio Rank: 58

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.

FDGFX vs. ARKQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and ARK Autonomous Technology & Robotics ETF (ARKQ). 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.

	FDGFX	ARKQ	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.91	+0.51
Sortino ratio: Return per unit of downside risk	3.19	2.43	+0.76
Omega ratio: Gain probability vs. loss probability	1.43	1.30	+0.13
Calmar ratio: Return relative to maximum drawdown	3.40	3.13	+0.26
Martin ratio: Return relative to average drawdown	14.91	9.22	+5.70

FDGFX vs. ARKQ - Sharpe Ratio Comparison

The current FDGFX Sharpe Ratio is 2.42, which is comparable to the ARKQ Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FDGFX and ARKQ, 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

FDGFX vs. ARKQ - Drawdown Comparison

The maximum FDGFX drawdown since its inception was -60.77%, roughly equal to the maximum ARKQ drawdown of -59.89%. Use the drawdown chart below to compare losses from any high point for FDGFX and ARKQ.

Drawdown Indicators

	FDGFX	ARKQ	Difference
Max Drawdown Largest peak-to-trough decline	-60.77%	-59.89%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-20.58%	+10.42%
Max Drawdown (3Y) Largest decline over 3 years	-21.37%	-30.76%	+9.39%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-55.71%	+34.34%
Max Drawdown (10Y) Largest decline over 10 years	-41.29%	-59.89%	+18.60%
Current Drawdown Current decline from peak	-2.06%	-6.35%	+4.29%
Average Drawdown Average peak-to-trough decline	-7.52%	-17.21%	+9.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	6.98%	-4.67%

Volatility

FDGFX vs. ARKQ - Volatility Comparison

The current volatility for Fidelity Dividend Growth Fund (FDGFX) is 5.74%, while ARK Autonomous Technology & Robotics ETF (ARKQ) has a volatility of 13.37%. This indicates that FDGFX experiences smaller price fluctuations and is considered to be less risky than ARKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGFX	ARKQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	13.37%	-7.63%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	26.41%	-14.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	33.76%	-19.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	32.56%	-15.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	30.01%	-10.75%

FDGFX vs. ARKQ - Expense Ratio Comparison

FDGFX has a 0.48% expense ratio, which is lower than ARKQ's 0.75% expense ratio.

Dividends

FDGFX vs. ARKQ - Dividend Comparison

FDGFX's dividend yield for the trailing twelve months is around 8.29%, more than ARKQ's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKQ ARK Autonomous Technology & Robotics ETF	0.23%	0.27%	0.00%	0.00%	0.00%	0.80%	0.86%	0.00%	2.86%	1.54%	0.00%	0.98%
FDGFX Fidelity Dividend Growth Fund	8.29%	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 FDGFX and ARKQ in my portfolio?

FDGFX and ARKQ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDGFX or ARKQ?

ARKQ has higher volatility (13.37%) compared to FDGFX (5.74%). In terms of maximum drawdown, FDGFX dropped -60.77% vs ARKQ's -59.89%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.42 vs 1.91), 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.