FDGFX vs. FDGKX

Last updated Jun 3, 2026

FDGFX (Fidelity Dividend Growth Fund) and FDGKX (Fidelity Dividend Growth Fund Class K) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FDGFX returned 14.20%/yr vs 13.74%/yr for FDGKX. With a 1.00 correlation, they move nearly in lockstep. FDGFX charges 0.48%/yr vs 0.38%/yr for FDGKX.

Performance

FDGFX vs. FDGKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend Growth Fund (FDGFX) and Fidelity Dividend Growth Fund Class K (FDGKX). 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 FDGFX having a 17.60% return and FDGKX slightly higher at 17.65%. Both investments have delivered pretty close results over the past 10 years, with FDGFX having a 14.20% annualized return and FDGKX not far behind at 13.74%.

FDGFX

• 1D: 0.75%
• 1M: 5.09%
• YTD: 17.60%
• 6M: 19.54%
• 1Y: 40.14%
• 3Y*: 27.47%
• 5Y*: 15.99%
• 10Y*: 14.20%

FDGKX

• 1D: 0.75%
• 1M: 5.10%
• YTD: 17.65%
• 6M: 16.58%
• 1Y: 36.70%
• 3Y*: 25.50%
• 5Y*: 14.96%
• 10Y*: 13.74%

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

FDGFX vs. FDGKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGFX Fidelity Dividend Growth Fund	17.60%	22.48%	27.58%	17.86%	-11.61%	27.96%	2.20%	28.75%	-7.23%	18.05%
FDGKX Fidelity Dividend Growth Fund Class K	17.65%	19.47%	24.72%	18.00%	-11.54%	28.10%	2.31%	28.84%	-7.09%	18.03%

Correlation

The correlation between FDGFX and FDGKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 16, 2008	1.00

The correlation between FDGFX and FDGKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FDGFX vs. FDGKX — Risk / Return Rank

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

FDGFX

FDGFX Risk / Return Rank: 87
FDGFX Sharpe Ratio Rank: 91
FDGFX Sortino Ratio Rank: 85
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 85
FDGFX Martin Ratio Rank: 90

FDGKX

FDGKX Risk / Return Rank: 80
FDGKX Sharpe Ratio Rank: 85
FDGKX Sortino Ratio Rank: 74
FDGKX Omega Ratio Rank: 74
FDGKX Calmar Ratio Rank: 81
FDGKX Martin Ratio Rank: 86

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. FDGKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and Fidelity Dividend Growth Fund Class K (FDGKX). 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.

	FDGFX	FDGKX	Difference
Sharpe ratio Return per unit of total volatility	3.04	2.74	+0.30
Sortino ratio Return per unit of downside risk	4.04	3.60	+0.44
Omega ratio Gain probability vs. loss probability	1.54	1.49	+0.05
Calmar ratio Return relative to maximum drawdown	4.01	3.73	+0.28
Martin ratio Return relative to average drawdown	18.07	16.52	+1.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDGFX vs. FDGKX - Sharpe Ratio Comparison

The current FDGFX Sharpe Ratio is 3.04, which is comparable to the FDGKX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FDGFX and FDGKX, 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

	FDGFX	FDGKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	2.74	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.90	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.72	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.50	+0.03

Drawdowns

FDGFX vs. FDGKX - Drawdown Comparison

The maximum FDGFX drawdown since its inception was -60.77%, which is greater than FDGKX's maximum drawdown of -53.34%. Use the drawdown chart below to compare losses from any high point for FDGFX and FDGKX.

Drawdown Indicators

	FDGFX	FDGKX	Difference
Max Drawdown Largest peak-to-trough decline	-60.77%	-53.34%	-7.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-10.15%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.37%	-21.35%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-21.35%	-0.02%
Max Drawdown (10Y) Largest decline over 10 years	-41.29%	-41.28%	-0.01%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.53%	-6.54%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.29%	-0.03%

Volatility

FDGFX vs. FDGKX - Volatility Comparison

Fidelity Dividend Growth Fund (FDGFX) and Fidelity Dividend Growth Fund Class K (FDGKX) have volatilities of 4.02% and 4.03%, 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

	FDGFX	FDGKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.03%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	10.99%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	13.82%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	16.69%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	19.27%	-0.05%

FDGFX vs. FDGKX - Expense Ratio Comparison

FDGFX has a 0.48% expense ratio, which is higher than FDGKX's 0.38% expense ratio.

Dividends

FDGFX vs. FDGKX - Dividend Comparison

FDGFX's dividend yield for the trailing twelve months is around 8.12%, more than FDGKX's 5.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGFX Fidelity Dividend Growth Fund	8.12%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%
FDGKX Fidelity Dividend Growth Fund Class K	5.96%	6.82%	7.46%	3.57%	11.59%	7.90%	1.98%	4.95%	23.08%	15.37%	1.70%	8.50%

Frequently Asked Questions

Can I hold both FDGFX and FDGKX in my portfolio?

With a correlation of 1.00, FDGFX and FDGKX 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, FDGFX or FDGKX?

FDGKX has higher volatility (4.03%) compared to FDGFX (4.02%). In terms of maximum drawdown, FDGFX dropped -60.77% vs FDGKX's -53.34%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (3.04 vs 2.74), 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.