FDSVX vs. FBGRX

Last updated Jun 23, 2026

FDSVX (Fidelity Growth Discovery Fund) and FBGRX (Fidelity Blue Chip Growth Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FDSVX returned 19.07%/yr vs 22.23%/yr for FBGRX. With a 0.96 correlation, they move nearly in lockstep. FDSVX charges 0.77%/yr vs 0.79%/yr for FBGRX.

Performance

FDSVX vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Discovery Fund (FDSVX) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDSVX achieves a 13.05% return, which is significantly lower than FBGRX's 19.05% return. Over the past 10 years, FDSVX has underperformed FBGRX with an annualized return of 19.07%, while FBGRX has yielded a comparatively higher 22.23% annualized return.

FDSVX

• 1D: 1.73%
• 1M: 1.26%
• YTD: 13.05%
• 6M: 12.65%
• 1Y: 28.31%
• 3Y*: 23.30%
• 5Y*: 14.05%
• 10Y*: 19.07%

FBGRX

• 1D: 2.03%
• 1M: 4.78%
• YTD: 19.05%
• 6M: 18.64%
• 1Y: 44.33%
• 3Y*: 31.24%
• 5Y*: 16.32%
• 10Y*: 22.23%

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

FDSVX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDSVX Fidelity Growth Discovery Fund	13.05%	15.14%	30.19%	35.63%	-24.43%	22.93%	43.43%	33.77%	-0.33%	34.63%
FBGRX Fidelity Blue Chip Growth Fund	19.05%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FDSVX and FBGRX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 31, 1998	0.96

The correlation between FDSVX and FBGRX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

FDSVX vs. FBGRX — Risk / Return Rank

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

FDSVX

FDSVX Risk / Return Rank: 35
FDSVX Sharpe Ratio Rank: 35
FDSVX Sortino Ratio Rank: 31
FDSVX Omega Ratio Rank: 34
FDSVX Calmar Ratio Rank: 38
FDSVX Martin Ratio Rank: 40

FBGRX

FBGRX Risk / Return Rank: 73
FBGRX Sharpe Ratio Rank: 76
FBGRX Sortino Ratio Rank: 63
FBGRX Omega Ratio Rank: 63
FBGRX Calmar Ratio Rank: 80
FBGRX 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.

FDSVX vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund (FDSVX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FDSVX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.34	-0.75
Sortino ratio: Return per unit of downside risk	2.15	3.03	-0.88
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.21	3.46	-1.25
Martin ratio: Return relative to average drawdown	8.18	14.31	-6.13

FDSVX vs. FBGRX - Sharpe Ratio Comparison

The current FDSVX Sharpe Ratio is 1.59, which is lower than the FBGRX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FDSVX and FBGRX, 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

FDSVX vs. FBGRX - Drawdown Comparison

The maximum FDSVX drawdown since its inception was -59.34%, roughly equal to the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FDSVX and FBGRX.

Drawdown Indicators

	FDSVX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-58.64%	-0.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-12.65%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.42%	-27.07%	+3.65%
Max Drawdown (5Y) Largest decline over 5 years	-29.83%	-43.08%	+13.25%
Max Drawdown (10Y) Largest decline over 10 years	-31.09%	-43.08%	+11.99%
Current Drawdown Current decline from peak	-2.08%	-0.34%	-1.74%
Average Drawdown Average peak-to-trough decline	-12.59%	-12.52%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.06%	+0.32%

Volatility

FDSVX vs. FBGRX - Volatility Comparison

The current volatility for Fidelity Growth Discovery Fund (FDSVX) is 7.08%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 7.86%. This indicates that FDSVX experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDSVX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	7.86%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	14.72%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	17.44%	18.71%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	25.07%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	23.78%	-3.10%

FDSVX vs. FBGRX - Expense Ratio Comparison

FDSVX has a 0.77% expense ratio, which is lower than FBGRX's 0.79% expense ratio.

Dividends

FDSVX vs. FBGRX - Dividend Comparison

FDSVX's dividend yield for the trailing twelve months is around 1.40%, less than FBGRX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.60%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FDSVX Fidelity Growth Discovery Fund	1.40%	1.58%	12.81%	2.55%	3.65%	13.46%	9.63%	4.28%	5.02%	4.87%	0.09%	0.17%

Frequently Asked Questions

Can I hold both FDSVX and FBGRX in my portfolio?

With a correlation of 0.97, FDSVX and FBGRX 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, FDSVX or FBGRX?

FBGRX has higher volatility (7.86%) compared to FDSVX (7.08%). In terms of maximum drawdown, FDSVX dropped -59.34% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (2.34 vs 1.59), 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.