FDGFX vs. FPUKX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Dividend Growth Fund (FDGFX) and Fidelity Puritan Fund Class K (FPUKX).

FDGFX is managed by Fidelity. It was launched on Apr 27, 1993. FPUKX is managed by Fidelity. It was launched on May 9, 2008.

Performance

FDGFX vs. FPUKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend Growth Fund (FDGFX) and Fidelity Puritan Fund Class K (FPUKX). The values are adjusted to include any dividend payments, if applicable.

FDGFX vs. FPUKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGFX Fidelity Dividend Growth Fund	-3.17%	22.48%	27.58%	17.86%	-11.61%	27.96%	2.20%	28.75%	-7.23%	18.05%
FPUKX Fidelity Puritan Fund Class K	-3.54%	12.31%	19.03%	20.26%	-17.26%	18.99%	20.70%	21.40%	-4.15%	18.37%

Returns By Period

In the year-to-date period, FDGFX achieves a -3.17% return, which is significantly higher than FPUKX's -3.54% return. Over the past 10 years, FDGFX has outperformed FPUKX with an annualized return of 12.06%, while FPUKX has yielded a comparatively lower 10.35% annualized return.

FDGFX

• 1D: -0.63%
• 1M: -9.11%
• YTD: -3.17%
• 6M: 1.77%
• 1Y: 25.21%
• 3Y*: 20.48%
• 5Y*: 13.17%
• 10Y*: 12.06%

FPUKX

• 1D: -0.32%
• 1M: -6.45%
• YTD: -3.54%
• 6M: -0.95%
• 1Y: 12.65%
• 3Y*: 13.68%
• 5Y*: 7.88%
• 10Y*: 10.35%

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

FDGFX vs. FPUKX - Expense Ratio Comparison

FDGFX has a 0.48% expense ratio, which is higher than FPUKX's 0.43% expense ratio.

FDGFX

Fidelity Dividend Growth Fund

FPUKX

Fidelity Puritan Fund Class K

Return for Risk

FDGFX vs. FPUKX — Risk / Return Rank

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

FDGFX

FDGFX Risk / Return Rank: 79
FDGFX Sharpe Ratio Rank: 76
FDGFX Sortino Ratio Rank: 77
FDGFX Omega Ratio Rank: 78
FDGFX Calmar Ratio Rank: 80
FDGFX Martin Ratio Rank: 84

FPUKX

FPUKX Risk / Return Rank: 58
FPUKX Sharpe Ratio Rank: 58
FPUKX Sortino Ratio Rank: 58
FPUKX Omega Ratio Rank: 57
FPUKX Calmar Ratio Rank: 56
FPUKX Martin Ratio Rank: 60

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. FPUKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and Fidelity Puritan Fund Class K (FPUKX). 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	FPUKX	Difference
Sharpe ratio Return per unit of total volatility	1.35	1.05	+0.30
Sortino ratio Return per unit of downside risk	1.91	1.51	+0.40
Omega ratio Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio Return relative to maximum drawdown	1.88	1.33	+0.55
Martin ratio Return relative to average drawdown	8.47	5.71	+2.76
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. FPUKX - Sharpe Ratio Comparison

The current FDGFX Sharpe Ratio is 1.35, which is comparable to the FPUKX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FDGFX and FPUKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDGFX	FPUKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.05	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.60	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.80	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.65	-0.15

Correlation

The correlation between FDGFX and FPUKX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FDGFX vs. FPUKX - Dividend Comparison

FDGFX's dividend yield for the trailing twelve months is around 9.66%, more than FPUKX's 7.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGFX Fidelity Dividend Growth Fund	9.66%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%
FPUKX Fidelity Puritan Fund Class K	7.16%	6.91%	11.37%	5.42%	9.47%	13.20%	5.17%	4.38%	15.38%	3.84%	3.82%	7.60%

Drawdowns

FDGFX vs. FPUKX - Drawdown Comparison

The maximum FDGFX drawdown since its inception was -60.77%, which is greater than FPUKX's maximum drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for FDGFX and FPUKX.

Drawdown Indicators

	FDGFX	FPUKX	Difference
Max Drawdown Largest peak-to-trough decline	-60.77%	-37.81%	-22.96%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-8.47%	-3.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-22.52%	+1.15%
Max Drawdown (10Y) Largest decline over 10 years	-41.29%	-23.91%	-17.38%
Current Drawdown Current decline from peak	-10.16%	-7.24%	-2.92%
Average Drawdown Average peak-to-trough decline	-7.56%	-4.98%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	1.97%	+0.73%

Volatility

FDGFX vs. FPUKX - Volatility Comparison

Fidelity Dividend Growth Fund (FDGFX) has a higher volatility of 5.29% compared to Fidelity Puritan Fund Class K (FPUKX) at 3.89%. This indicates that FDGFX's price experiences larger fluctuations and is considered to be riskier than FPUKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGFX	FPUKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	3.89%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	7.54%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	12.47%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	13.26%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	13.03%	+6.11%