FDGRX vs. FGCKX

Last updated Jun 3, 2026

FDGRX (Fidelity Growth Company Fund) and FGCKX (Fidelity Growth Company K) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FDGRX returned 23.01%/yr vs 23.10%/yr for FGCKX. With a 1.00 correlation, they move nearly in lockstep. FDGRX charges 0.79%/yr vs 0.65%/yr for FGCKX.

Performance

FDGRX vs. FGCKX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FDGRX having a 23.69% return and FGCKX slightly higher at 23.72%. Both investments have delivered pretty close results over the past 10 years, with FDGRX having a 23.01% annualized return and FGCKX not far ahead at 23.10%.

FDGRX

• 1D: 0.75%
• 1M: 9.19%
• YTD: 23.69%
• 6M: 19.33%
• 1Y: 49.90%
• 3Y*: 31.65%
• 5Y*: 17.30%
• 10Y*: 23.01%

FGCKX

• 1D: 0.74%
• 1M: 9.19%
• YTD: 23.72%
• 6M: 19.41%
• 1Y: 50.03%
• 3Y*: 31.76%
• 5Y*: 17.38%
• 10Y*: 23.10%

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

FDGRX vs. FGCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGRX Fidelity Growth Company Fund	23.69%	18.54%	37.18%	47.25%	-33.86%	22.57%	67.42%	38.40%	-4.14%	36.76%
FGCKX Fidelity Growth Company K	23.72%	18.67%	37.30%	47.35%	-33.82%	22.62%	67.61%	38.50%	-4.07%	36.89%

Correlation

The correlation between FDGRX and FGCKX 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 12, 2008	1.00

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

Return for Risk

FDGRX vs. FGCKX — Risk / Return Rank

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

FDGRX

FDGRX Risk / Return Rank: 78
FDGRX Sharpe Ratio Rank: 87
FDGRX Sortino Ratio Rank: 67
FDGRX Omega Ratio Rank: 70
FDGRX Calmar Ratio Rank: 86
FDGRX Martin Ratio Rank: 82

FGCKX

FGCKX Risk / Return Rank: 79
FGCKX Sharpe Ratio Rank: 87
FGCKX Sortino Ratio Rank: 67
FGCKX Omega Ratio Rank: 71
FGCKX Calmar Ratio Rank: 86
FGCKX Martin Ratio Rank: 83

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.

FDGRX vs. FGCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company Fund (FDGRX) and Fidelity Growth Company K (FGCKX). 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.

	FDGRX	FGCKX	Difference
Sharpe ratio Return per unit of total volatility	2.81	2.82	-0.01
Sortino ratio Return per unit of downside risk	3.42	3.43	-0.01
Omega ratio Gain probability vs. loss probability	1.47	1.47	0.00
Calmar ratio Return relative to maximum drawdown	4.08	4.11	-0.03
Martin ratio Return relative to average drawdown	15.39	15.55	-0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDGRX vs. FGCKX - Sharpe Ratio Comparison

The current FDGRX Sharpe Ratio is 2.81, which is comparable to the FGCKX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of FDGRX and FGCKX, 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

	FDGRX	FGCKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	2.82	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.73	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	0.99	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.72	-0.02

Drawdowns

FDGRX vs. FGCKX - Drawdown Comparison

The maximum FDGRX drawdown since its inception was -71.62%, which is greater than FGCKX's maximum drawdown of -51.01%. Use the drawdown chart below to compare losses from any high point for FDGRX and FGCKX.

Drawdown Indicators

	FDGRX	FGCKX	Difference
Max Drawdown Largest peak-to-trough decline	-71.62%	-51.01%	-20.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-12.55%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-26.19%	-26.20%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	-40.21%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-40.25%	-40.21%	-0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.91%	-8.96%	-6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.32%	+0.02%

Volatility

FDGRX vs. FGCKX - Volatility Comparison

Fidelity Growth Company Fund (FDGRX) and Fidelity Growth Company K (FGCKX) have volatilities of 4.40% and 4.39%, 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

	FDGRX	FGCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.39%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	14.43%	14.42%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	18.47%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.93%	24.02%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.39%	23.43%	-0.04%

FDGRX vs. FGCKX - Expense Ratio Comparison

FDGRX has a 0.79% expense ratio, which is higher than FGCKX's 0.65% expense ratio.

Dividends

FDGRX vs. FGCKX - Dividend Comparison

Neither FDGRX nor FGCKX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGRX Fidelity Growth Company Fund	0.00%	0.00%	8.86%	3.83%	7.20%	10.67%	8.86%	3.84%	6.38%	4.73%	6.16%	3.92%
FGCKX Fidelity Growth Company K	0.00%	0.00%	8.80%	3.81%	7.16%	10.63%	8.83%	3.84%	6.38%	4.73%	6.20%	3.96%

Frequently Asked Questions

Can I hold both FDGRX and FGCKX in my portfolio?

With a correlation of 1.00, FDGRX and FGCKX 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, FDGRX or FGCKX?

FDGRX has higher volatility (4.40%) compared to FGCKX (4.39%). In terms of maximum drawdown, FDGRX dropped -71.62% vs FGCKX's -51.01%.

Which has better risk-adjusted returns?

FGCKX currently has the higher Sharpe Ratio (2.82 vs 2.81), 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.