FGDDX vs. FXAIX

Last updated Jul 14, 2026

FGDDX (Fidelity Advisor Dividend Growth Fund Class A) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FGDDX is a Large Cap Blend Equities fund actively managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. FGDDX is actively managed, while FXAIX is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. FGDDX charges 1.16%/yr vs 0.02%/yr for FXAIX.

Performance

FGDDX vs. FXAIX - 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 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGDDX

• 1D: 0.49%
• 1M: 1.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXAIX

• 1D: 0.16%
• 1M: 1.75%
• 6M: 8.91%
• YTD: 11.06%
• 1Y: 22.13%
• 3Y*: 21.00%
• 5Y*: 13.18%
• 10Y*: 15.28%

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

FGDDX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)
FGDDX Fidelity Advisor Dividend Growth Fund Class A	14.72%
FXAIX Fidelity 500 Index Fund	14.33%

Correlation

The correlation between FGDDX and FXAIX is 0.90, 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	0.90

Return for Risk

FGDDX vs. FXAIX — 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.

FXAIX

FXAIX Risk / Return Rank: 63
FXAIX Sharpe Ratio Rank: 61
FXAIX Sortino Ratio Rank: 57
FXAIX Omega Ratio Rank: 60
FXAIX Calmar Ratio Rank: 64
FXAIX Martin Ratio Rank: 75

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. FXAIX - 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 500 Index Fund (FXAIX). 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	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	10.77	—

Drawdowns

FGDDX vs. FXAIX - Drawdown Comparison

The maximum FGDDX drawdown since its inception was -5.73%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FGDDX and FXAIX.

Drawdown Indicators

	FGDDX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-33.79%	+28.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-1.41%	-0.58%	-0.83%
Average Drawdown Average peak-to-trough decline	-1.30%	-3.78%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FGDDX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	12.52%	+5.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	17.01%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	18.05%	-0.15%

FGDDX vs. FXAIX - Expense Ratio Comparison

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

Dividends

FGDDX vs. FXAIX - Dividend Comparison

FGDDX's dividend yield for the trailing twelve months is around 0.15%, less than FXAIX's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGDDX Fidelity Advisor Dividend Growth Fund Class A	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	0.78%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both FGDDX and FXAIX in my portfolio?

With a correlation of 0.90, FGDDX and FXAIX 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.