FDSVX vs. FGDKX

Last updated Jun 3, 2026

FDSVX (Fidelity Growth Discovery Fund) and FGDKX (Fidelity Growth Discovery Fund Class K) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FDSVX returned 19.06%/yr vs 19.18%/yr for FGDKX. With a 1.00 correlation, they move nearly in lockstep. FDSVX charges 0.77%/yr vs 0.68%/yr for FGDKX.

Performance

FDSVX vs. FGDKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Discovery Fund (FDSVX) and Fidelity Growth Discovery Fund Class K (FGDKX). 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 FDSVX having a 14.97% return and FGDKX slightly higher at 15.00%. Both investments have delivered pretty close results over the past 10 years, with FDSVX having a 19.06% annualized return and FGDKX not far ahead at 19.18%.

FDSVX

• 1D: 0.68%
• 1M: 6.87%
• YTD: 14.97%
• 6M: 14.35%
• 1Y: 31.50%
• 3Y*: 25.34%
• 5Y*: 14.77%
• 10Y*: 19.06%

FGDKX

• 1D: 0.69%
• 1M: 6.89%
• YTD: 15.00%
• 6M: 14.40%
• 1Y: 31.59%
• 3Y*: 25.44%
• 5Y*: 14.87%
• 10Y*: 19.18%

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

FDSVX vs. FGDKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDSVX Fidelity Growth Discovery Fund	14.97%	15.14%	30.19%	35.63%	-24.43%	22.93%	43.43%	33.77%	-0.33%	34.63%
FGDKX Fidelity Growth Discovery Fund Class K	15.00%	15.23%	30.30%	35.73%	-24.34%	23.03%	43.54%	33.91%	-0.20%	34.68%

Correlation

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

Return for Risk

FDSVX vs. FGDKX — Risk / Return Rank

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

FDSVX

FDSVX Risk / Return Rank: 44
FDSVX Sharpe Ratio Rank: 45
FDSVX Sortino Ratio Rank: 41
FDSVX Omega Ratio Rank: 43
FDSVX Calmar Ratio Rank: 44
FDSVX Martin Ratio Rank: 46

FGDKX

FGDKX Risk / Return Rank: 45
FGDKX Sharpe Ratio Rank: 46
FGDKX Sortino Ratio Rank: 41
FGDKX Omega Ratio Rank: 43
FGDKX Calmar Ratio Rank: 46
FGDKX Martin Ratio Rank: 48

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. FGDKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund (FDSVX) and Fidelity Growth Discovery Fund Class K (FGDKX). 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.

	FDSVX	FGDKX	Difference
Sharpe ratio Return per unit of total volatility	1.99	2.00	-0.01
Sortino ratio Return per unit of downside risk	2.67	2.69	-0.02
Omega ratio Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio Return relative to maximum drawdown	2.56	2.62	-0.06
Martin ratio Return relative to average drawdown	9.77	10.04	-0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDSVX vs. FGDKX - Sharpe Ratio Comparison

The current FDSVX Sharpe Ratio is 1.99, which is comparable to the FGDKX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FDSVX and FGDKX, 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

	FDSVX	FGDKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.00	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.73	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.94	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.63	-0.10

Drawdowns

FDSVX vs. FGDKX - Drawdown Comparison

The maximum FDSVX drawdown since its inception was -59.34%, which is greater than FGDKX's maximum drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for FDSVX and FGDKX.

Drawdown Indicators

	FDSVX	FGDKX	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-55.39%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-12.51%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-23.42%	-23.41%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-29.83%	-29.75%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-31.09%	-31.09%	0.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.61%	-8.67%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.27%	+0.01%

Volatility

FDSVX vs. FGDKX - Volatility Comparison

Fidelity Growth Discovery Fund (FDSVX) and Fidelity Growth Discovery Fund Class K (FGDKX) have volatilities of 4.18% and 4.16%, 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

	FDSVX	FGDKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.16%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	12.74%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	16.38%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	20.37%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	20.60%	-0.01%

FDSVX vs. FGDKX - Expense Ratio Comparison

FDSVX has a 0.77% expense ratio, which is higher than FGDKX's 0.68% expense ratio.

Dividends

FDSVX vs. FGDKX - Dividend Comparison

FDSVX's dividend yield for the trailing twelve months is around 1.38%, less than FGDKX's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDSVX Fidelity Growth Discovery Fund	1.38%	1.58%	12.81%	2.55%	3.65%	13.46%	9.63%	4.28%	5.02%	4.87%	0.09%	0.17%
FGDKX Fidelity Growth Discovery Fund Class K	1.43%	1.65%	12.82%	2.63%	3.69%	13.53%	9.71%	4.37%	5.13%	4.92%	0.15%	0.28%

Frequently Asked Questions

Can I hold both FDSVX and FGDKX in my portfolio?

With a correlation of 1.00, FDSVX and FGDKX 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 FGDKX?

FDSVX has higher volatility (4.18%) compared to FGDKX (4.16%). In terms of maximum drawdown, FDSVX dropped -59.34% vs FGDKX's -55.39%.

Which has better risk-adjusted returns?

FGDKX currently has the higher Sharpe Ratio (2.00 vs 1.99), 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.