FDGKX vs. VSGAX

Last updated Jun 4, 2026

FDGKX (Fidelity Dividend Growth Fund Class K) and VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) are both mutual funds - FDGKX is a Large Cap Value Equities fund managed by Fidelity, while VSGAX is a Small Cap Growth Equities fund managed by Vanguard. Over the past 10 years, FDGKX returned 13.73%/yr vs 11.85%/yr for VSGAX. Their correlation of 0.83 suggests significant overlap in exposure. FDGKX charges 0.38%/yr vs 0.07%/yr for VSGAX.

Performance

FDGKX vs. VSGAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FDGKX achieves a 17.56% return, which is significantly lower than VSGAX's 18.73% return. Over the past 10 years, FDGKX has outperformed VSGAX with an annualized return of 13.73%, while VSGAX has yielded a comparatively lower 11.85% annualized return.

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%

VSGAX

• 1D: 0.72%
• 1M: 6.06%
• YTD: 18.73%
• 6M: 18.15%
• 1Y: 34.11%
• 3Y*: 18.13%
• 5Y*: 6.11%
• 10Y*: 11.85%

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

FDGKX vs. VSGAX - 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%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	18.73%	8.44%	14.94%	23.04%	-28.39%	5.70%	35.26%	32.76%	-5.69%	21.92%

Correlation

The correlation between FDGKX and VSGAX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 28, 2011	0.83

The correlation between FDGKX and VSGAX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

FDGKX vs. VSGAX — 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

VSGAX

VSGAX Risk / Return Rank: 48
VSGAX Sharpe Ratio Rank: 41
VSGAX Sortino Ratio Rank: 37
VSGAX Omega Ratio Rank: 35
VSGAX Calmar Ratio Rank: 68
VSGAX Martin Ratio Rank: 61

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. VSGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund Class K (FDGKX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). 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	VSGAX	Difference
Sharpe ratio Return per unit of total volatility	2.68	1.86	+0.82
Sortino ratio Return per unit of downside risk	3.54	2.56	+0.98
Omega ratio Gain probability vs. loss probability	1.48	1.31	+0.16
Calmar ratio Return relative to maximum drawdown	3.64	3.18	+0.46
Martin ratio Return relative to average drawdown	16.06	12.10	+3.96
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. VSGAX - Sharpe Ratio Comparison

The current FDGKX Sharpe Ratio is 2.68, which is higher than the VSGAX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FDGKX and VSGAX, 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	VSGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.86	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.26	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.52	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.58	-0.08

Drawdowns

FDGKX vs. VSGAX - Drawdown Comparison

The maximum FDGKX drawdown since its inception was -53.34%, which is greater than VSGAX's maximum drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for FDGKX and VSGAX.

Drawdown Indicators

	FDGKX	VSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.34%	-38.70%	-14.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-11.37%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-21.35%	-27.47%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	-21.35%	-38.36%	+17.01%
Max Drawdown (10Y) Largest decline over 10 years	-41.28%	-38.70%	-2.58%
Current Drawdown Current decline from peak	-0.08%	0.00%	-0.08%
Average Drawdown Average peak-to-trough decline	-6.54%	-8.55%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.98%	-0.69%

Volatility

FDGKX vs. VSGAX - Volatility Comparison

The current volatility for Fidelity Dividend Growth Fund Class K (FDGKX) is 4.04%, while Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) has a volatility of 5.28%. This indicates that FDGKX experiences smaller price fluctuations and is considered to be less risky than VSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGKX	VSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	5.28%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	14.85%	-3.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	19.45%	-5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	23.56%	-6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	23.00%	-3.73%

FDGKX vs. VSGAX - Expense Ratio Comparison

FDGKX has a 0.38% expense ratio, which is higher than VSGAX's 0.07% expense ratio.

Dividends

FDGKX vs. VSGAX - Dividend Comparison

FDGKX's dividend yield for the trailing twelve months is around 5.97%, more than VSGAX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	0.44%	0.54%	0.54%	0.67%	0.55%	0.36%	0.44%	0.57%	0.79%	0.81%	1.08%	0.98%

Frequently Asked Questions

Can I hold both FDGKX and VSGAX in my portfolio?

FDGKX and VSGAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDGKX or VSGAX?

VSGAX has higher volatility (5.28%) compared to FDGKX (4.04%). In terms of maximum drawdown, FDGKX dropped -53.34% vs VSGAX's -38.70%.

Which has better risk-adjusted returns?

FDGKX currently has the higher Sharpe Ratio (2.68 vs 1.86), 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.