FDGKX vs. FDGFX

Last updated Jun 4, 2026

FDGKX (Fidelity Dividend Growth Fund Class K) and FDGFX (Fidelity Dividend Growth Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FDGKX returned 13.73%/yr vs 14.19%/yr for FDGFX. With a 1.00 correlation, they move nearly in lockstep. FDGKX charges 0.38%/yr vs 0.48%/yr for FDGFX.

Performance

FDGKX vs. FDGFX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FDGKX having a 17.56% return and FDGFX slightly lower at 17.51%. Both investments have delivered pretty close results over the past 10 years, with FDGKX having a 13.73% annualized return and FDGFX not far ahead at 14.19%.

FDGKX

• 1D: -0.08%
• 1M: 5.11%
• YTD: 17.56%
• 6M: 16.08%
• 1Y: 35.66%
• 3Y*: 25.47%
• 5Y*: 15.02%
• 10Y*: 13.73%

FDGFX

• 1D: -0.08%
• 1M: 5.10%
• YTD: 17.51%
• 6M: 19.03%
• 1Y: 39.07%
• 3Y*: 27.43%
• 5Y*: 16.05%
• 10Y*: 14.19%

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

FDGKX vs. FDGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGKX Fidelity Dividend Growth Fund Class K	17.56%	19.47%	24.72%	18.00%	-11.54%	28.10%	2.31%	28.84%	-7.09%	18.03%
FDGFX Fidelity Dividend Growth Fund	17.51%	22.48%	27.58%	17.86%	-11.61%	27.96%	2.20%	28.75%	-7.23%	18.05%

Correlation

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

Return for Risk

FDGKX vs. FDGFX — Risk / Return Rank

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

FDGKX

FDGKX Risk / Return Rank: 78
FDGKX Sharpe Ratio Rank: 83
FDGKX Sortino Ratio Rank: 72
FDGKX Omega Ratio Rank: 72
FDGKX Calmar Ratio Rank: 80
FDGKX Martin Ratio Rank: 84

FDGFX

FDGFX Risk / Return Rank: 86
FDGFX Sharpe Ratio Rank: 90
FDGFX Sortino Ratio Rank: 84
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 84
FDGFX Martin Ratio Rank: 89

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.

FDGKX vs. FDGFX - Risk-Adjusted Trends Comparison

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

	FDGKX	FDGFX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.98	-0.30
Sortino ratio: Return per unit of downside risk	3.54	3.97	-0.44
Omega ratio: Gain probability vs. loss probability	1.48	1.53	-0.05
Calmar ratio: Return relative to maximum drawdown	3.64	3.96	-0.32
Martin ratio: Return relative to average drawdown	16.06	17.79	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDGKX vs. FDGFX - Sharpe Ratio Comparison

The current FDGKX Sharpe Ratio is 2.68, which is comparable to the FDGFX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of FDGKX and FDGFX, 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

	FDGKX	FDGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.98	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.97	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.74	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.53	-0.03

Drawdowns

FDGKX vs. FDGFX - Drawdown Comparison

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

Drawdown Indicators

	FDGKX	FDGFX	Difference
Max Drawdown Largest peak-to-trough decline	-53.34%	-60.77%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-10.16%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.35%	-21.37%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-21.35%	-21.37%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-41.28%	-41.29%	+0.01%
Current Drawdown Current decline from peak	-0.08%	-0.08%	0.00%
Average Drawdown Average peak-to-trough decline	-6.54%	-7.52%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.26%	+0.03%

Volatility

FDGKX vs. FDGFX - Volatility Comparison

Fidelity Dividend Growth Fund Class K (FDGKX) and Fidelity Dividend Growth Fund (FDGFX) have volatilities of 4.04% 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

	FDGKX	FDGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	4.03%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	10.59%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	13.48%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	16.59%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	19.22%	+0.05%

FDGKX vs. FDGFX - Expense Ratio Comparison

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

Dividends

FDGKX vs. FDGFX - Dividend Comparison

FDGKX's dividend yield for the trailing twelve months is around 5.97%, less than FDGFX's 8.12% 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	5.97%	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 FDGKX and FDGFX in my portfolio?

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

FDGKX has higher volatility (4.04%) compared to FDGFX (4.03%). In terms of maximum drawdown, FDGKX dropped -53.34% vs FDGFX's -60.77%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.98 vs 2.68), 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.