FDSVX vs. FSST

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Growth Discovery Fund (FDSVX) and Fidelity Sustainability U.S. Equity ETF (FSST).

FDSVX is managed by Fidelity. It was launched on Mar 31, 1998. FSST is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021.

Performance

FDSVX vs. FSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Discovery Fund (FDSVX) and Fidelity Sustainability U.S. Equity ETF (FSST). The values are adjusted to include any dividend payments, if applicable.

FDSVX vs. FSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDSVX Fidelity Growth Discovery Fund	-9.28%	15.14%	30.19%	35.63%	-24.43%	10.14%
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.81%

Returns By Period

FDSVX

• 1D: -0.83%
• 1M: -9.01%
• YTD: -9.28%
• 6M: -8.54%
• 1Y: 13.99%
• 3Y*: 18.76%
• 5Y*: 10.73%
• 10Y*: 16.49%

FSST

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDSVX vs. FSST - Expense Ratio Comparison

FDSVX has a 0.77% expense ratio, which is higher than FSST's 0.59% expense ratio.

FDSVX

Fidelity Growth Discovery Fund

FSST

Fidelity Sustainability U.S. Equity ETF

Return for Risk

FDSVX vs. FSST — Risk / Return Rank

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

FDSVX

FDSVX Risk / Return Rank: 29
FDSVX Sharpe Ratio Rank: 28
FDSVX Sortino Ratio Rank: 30
FDSVX Omega Ratio Rank: 29
FDSVX Calmar Ratio Rank: 30
FDSVX Martin Ratio Rank: 29

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. FSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund (FDSVX) and Fidelity Sustainability U.S. Equity ETF (FSST). 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	FSST	Difference
Sharpe ratio Return per unit of total volatility	0.64	—	—
Sortino ratio Return per unit of downside risk	1.04	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	0.85	—	—
Martin ratio Return relative to average drawdown	3.08	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDSVX	FSST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	—	—

Correlation

The correlation between FDSVX and FSST is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FDSVX vs. FSST - Dividend Comparison

FDSVX's dividend yield for the trailing twelve months is around 1.74%, more than FSST's 0.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDSVX Fidelity Growth Discovery Fund	1.74%	1.58%	12.81%	2.55%	3.65%	13.46%	9.63%	4.28%	5.02%	4.87%	0.09%	0.17%
FSST Fidelity Sustainability U.S. Equity ETF	0.14%	0.19%	2.01%	0.68%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	FDSVX	FSST	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.09%	—	—
Current Drawdown Current decline from peak	-12.53%	—	—
Average Drawdown Average peak-to-trough decline	-12.67%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	FDSVX	FSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	—	—