FGDDX vs. FRGAX

Last updated Jun 23, 2026

FGDDX (Fidelity Advisor Dividend Growth Fund Class A) and FRGAX (Fidelity 70% Allocation Fund) are both mutual funds - FGDDX is a Large Cap Blend Equities fund actively managed by Fidelity, while FRGAX is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. FGDDX charges 1.16%/yr vs 0.02%/yr for FRGAX.

Performance

FGDDX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Dividend Growth Fund Class A (FGDDX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGDDX

• 1D: 1.72%
• 1M: 3.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FRGAX

• 1D: 0.89%
• 1M: 1.27%
• YTD: 8.81%
• 6M: 8.63%
• 1Y: 21.60%
• 3Y*: 15.26%
• 5Y*: —
• 10Y*: —

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

FGDDX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)
FGDDX Fidelity Advisor Dividend Growth Fund Class A	16.36%
FRGAX Fidelity 70% Allocation Fund	9.78%

Correlation

The correlation between FGDDX and FRGAX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.92

Return for Risk

FGDDX vs. FRGAX — Risk / Return Rank

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

FGDDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FRGAX

FRGAX Risk / Return Rank: 70
FRGAX Sharpe Ratio Rank: 70
FRGAX Sortino Ratio Rank: 69
FRGAX Omega Ratio Rank: 68
FRGAX Calmar Ratio Rank: 69
FRGAX Martin Ratio Rank: 76

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.

FGDDX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Dividend Growth Fund Class A (FGDDX) and Fidelity 70% Allocation Fund (FRGAX). 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.

	FGDDX	FRGAX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	3.14	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.06	—
Martin ratio: Return relative to average drawdown	—	13.32	—

Drawdowns

FGDDX vs. FRGAX - Drawdown Comparison

The maximum FGDDX drawdown since its inception was -5.73%, smaller than the maximum FRGAX drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for FGDDX and FRGAX.

Drawdown Indicators

	FGDDX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-11.77%	+6.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.77%	—
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	-1.14%	-1.58%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	FGDDX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	9.60%	+8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	10.41%	+8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.50%	10.41%	+8.09%

FGDDX vs. FRGAX - Expense Ratio Comparison

FGDDX has a 1.16% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

Dividends

FGDDX vs. FRGAX - Dividend Comparison

FGDDX's dividend yield for the trailing twelve months is around 0.15%, less than FRGAX's 1.84% yield.

Position	TTM	2025	2024	2023	2022
FGDDX Fidelity Advisor Dividend Growth Fund Class A	0.15%	0.00%	0.00%	0.00%	0.00%
FRGAX Fidelity 70% Allocation Fund	1.84%	2.00%	2.01%	1.77%	1.71%

Frequently Asked Questions

Can I hold both FGDDX and FRGAX in my portfolio?

With a correlation of 0.92, FGDDX and FRGAX 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.