FDGFX vs. GRID

Last updated Jun 16, 2026

FDGFX (Fidelity Dividend Growth Fund) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both funds - FDGFX is a Large Cap Blend Equities fund actively managed by Fidelity, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. FDGFX is actively managed, while GRID is passively managed. Over the past 10 years, FDGFX returned 14.11%/yr vs 19.71%/yr for GRID. A 0.73 correlation means they provide meaningful diversification when combined. FDGFX charges 0.48%/yr vs 0.70%/yr for GRID.

Performance

FDGFX vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend Growth Fund (FDGFX) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 GRID's 25.84% return. Over the past 10 years, FDGFX has underperformed GRID with an annualized return of 14.11%, while GRID has yielded a comparatively higher 19.71% 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%

GRID

• 1D: 1.82%
• 1M: 0.35%
• YTD: 25.84%
• 6M: 25.25%
• 1Y: 45.78%
• 3Y*: 23.73%
• 5Y*: 17.31%
• 10Y*: 19.71%

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

FDGFX vs. GRID - 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%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	25.84%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between FDGFX and GRID is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009	0.73

The correlation between FDGFX and GRID shifts across timeframes, from 0.73 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDGFX vs. GRID — 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

GRID

GRID Risk / Return Rank: 77
GRID Sharpe Ratio Rank: 78
GRID Sortino Ratio Rank: 72
GRID Omega Ratio Rank: 73
GRID Calmar Ratio Rank: 82
GRID Martin Ratio Rank: 80

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. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.22	+0.20
Sortino ratio: Return per unit of downside risk	3.19	2.91	+0.28
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	3.40	3.92	-0.53
Martin ratio: Return relative to average drawdown	14.91	14.11	+0.80

FDGFX vs. GRID - Sharpe Ratio Comparison

The current FDGFX Sharpe Ratio is 2.42, which is comparable to the GRID Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FDGFX and GRID, 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. GRID - Drawdown Comparison

The maximum FDGFX drawdown since its inception was -60.77%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FDGFX and GRID.

Drawdown Indicators

	FDGFX	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-60.77%	-40.56%	-20.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-11.73%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-21.37%	-20.77%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-29.64%	+8.27%
Max Drawdown (10Y) Largest decline over 10 years	-41.29%	-40.56%	-0.73%
Current Drawdown Current decline from peak	-2.06%	-3.68%	+1.62%
Average Drawdown Average peak-to-trough decline	-7.52%	-8.42%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.25%	-0.94%

Volatility

FDGFX vs. GRID - Volatility Comparison

The current volatility for Fidelity Dividend Growth Fund (FDGFX) is 5.74%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.77%. This indicates that FDGFX experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGFX	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	9.77%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	17.77%	-6.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	20.78%	-6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	21.27%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	22.88%	-3.62%

FDGFX vs. GRID - Expense Ratio Comparison

FDGFX has a 0.48% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

FDGFX vs. GRID - Dividend Comparison

FDGFX's dividend yield for the trailing twelve months is around 8.29%, more than GRID's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.78%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%

Frequently Asked Questions

Can I hold both FDGFX and GRID in my portfolio?

FDGFX and GRID have a correlation of 0.84, 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 GRID?

GRID has higher volatility (9.77%) compared to FDGFX (5.74%). In terms of maximum drawdown, FDGFX dropped -60.77% vs GRID's -40.56%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.42 vs 2.22), 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.