FDGKX vs. VYM

Last updated Aug 1, 2026

FDGKX (Fidelity Dividend Growth Fund Class K) and VYM (Vanguard High Dividend Yield ETF) are both funds - FDGKX is a Large Cap Value Equities fund managed by Fidelity, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, FDGKX returned 13.22%/yr vs 11.71%/yr for VYM. Their correlation of 0.89 means they have usually moved in the same direction. FDGKX charges 0.38%/yr vs 0.04%/yr for VYM.

Performance

FDGKX vs. VYM - Performance Comparison

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

Returns By Period

In the year-to-date period, FDGKX achieves a 15.39% return, which is significantly higher than VYM's 14.21% return. Over the past 10 years, FDGKX has outperformed VYM with an annualized return of 13.22%, while VYM has yielded a comparatively lower 11.71% annualized return.

FDGKX

• 1D: 2.02%
• 1M: -0.12%
• 6M: 9.95%
• YTD: 15.39%
• 1Y: 25.59%
• 3Y*: 22.03%
• 5Y*: 14.13%
• 10Y*: 13.22%
• ALL TIME*: 10.85%

VYM

• 1D: 0.00%
• 1M: 1.56%
• 6M: 9.31%
• YTD: 14.21%
• 1Y: 24.90%
• 3Y*: 16.96%
• 5Y*: 12.20%
• 10Y*: 11.71%
• ALL TIME*: 9.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDGKX Fidelity Dividend Growth Fund Class K	$0.00	$0.00	$0.00
VYM Vanguard High Dividend Yield ETF	$195.34M	$198.02M	$200.78M

FDGKX vs. VYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGKX Fidelity Dividend Growth Fund Class K	15.39%	19.47%	24.72%	18.00%	-11.54%	28.10%	2.31%	28.84%	-7.09%	18.03%
VYM Vanguard High Dividend Yield ETF	14.21%	15.42%	17.60%	6.57%	-0.43%	26.20%	1.15%	24.06%	-5.92%	16.42%

Correlation

The correlation between FDGKX and VYM is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since May 15, 2008	0.89

Over the past year, the correlation between FDGKX and VYM has dropped to 0.66 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

FDGKX vs. VYM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDGKX

FDGKX Risk / Return Rank: 69
FDGKX Sharpe Ratio Rank: 67
FDGKX Sortino Ratio Rank: 63
FDGKX Omega Ratio Rank: 63
FDGKX Calmar Ratio Rank: 74
FDGKX Martin Ratio Rank: 80

VYM

VYM Risk / Return Rank: 90
VYM Sharpe Ratio Rank: 92
VYM Sortino Ratio Rank: 92
VYM Omega Ratio Rank: 91
VYM Calmar Ratio Rank: 88
VYM Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDGKX vs. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund Class K (FDGKX) and Vanguard High Dividend Yield ETF (VYM). 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.

	FDGKX	VYM	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.34	-0.78
Sortino ratio: Return per unit of downside risk	2.14	3.35	-1.21
Omega ratio: Gain probability vs. loss probability	1.28	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.35	3.56	-1.22
Martin ratio: Return relative to average drawdown	9.51	13.40	-3.89

FDGKX vs. VYM - Sharpe Ratio Comparison

The current FDGKX Sharpe Ratio is 1.56, which is lower than the VYM Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FDGKX and VYM, 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

FDGKX vs. VYM - Drawdown Comparison

The maximum FDGKX drawdown since its inception was -53.34%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FDGKX and VYM.

Drawdown Indicators

	FDGKX	VYM	Difference
Max Drawdown Largest peak-to-trough decline	-53.34%	-56.98%	+3.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-6.69%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-21.35%	-14.46%	-6.89%
Max Drawdown (5Y) Largest decline over 5 years	-21.35%	-15.84%	-5.51%
Max Drawdown (10Y) Largest decline over 10 years	-41.28%	-35.21%	-6.07%
Current Drawdown Current decline from peak	-2.69%	-1.15%	-1.54%
Average Drawdown Average peak-to-trough decline	-6.50%	-7.14%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.78%	+0.72%

Volatility

FDGKX vs. VYM - Volatility Comparison

Fidelity Dividend Growth Fund Class K (FDGKX) has a higher volatility of 4.01% compared to Vanguard High Dividend Yield ETF (VYM) at 2.46%. This indicates that FDGKX's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGKX	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	2.46%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	7.42%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	10.29%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	13.87%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	16.29%	+3.03%

FDGKX vs. VYM - Expense Ratio Comparison

FDGKX has a 0.38% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

FDGKX vs. VYM - Dividend Comparison

FDGKX's dividend yield for the trailing twelve months is around 5.86%, more than VYM's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGKX Fidelity Dividend Growth Fund Class K	5.86%	6.82%	7.46%	3.57%	11.59%	7.90%	1.98%	4.95%	23.08%	15.37%	1.70%	8.50%
VYM Vanguard High Dividend Yield ETF	2.24%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both FDGKX and VYM in my portfolio?

FDGKX and VYM have a correlation of 0.66, 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 VYM?

FDGKX has higher volatility (4.01%) compared to VYM (2.46%). In terms of maximum drawdown, FDGKX dropped -53.34% vs VYM's -56.98%.

Which has better risk-adjusted returns?

VYM currently has the higher Sharpe Ratio (2.34 vs 1.56), 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.