FGDDX vs. SSSYX

Last updated Jul 14, 2026

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

Performance

FGDDX vs. SSSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Dividend Growth Fund Class A (FGDDX) and State Street Equity 500 Index Fund Class K (SSSYX). 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*: —

SSSYX

• 1D: 0.43%
• 1M: 2.02%
• 6M: 9.19%
• YTD: 11.34%
• 1Y: 22.41%
• 3Y*: 21.07%
• 5Y*: 13.20%
• 10Y*: 45.09%

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

FGDDX vs. SSSYX - Yearly Performance Comparison

	2026 (YTD)
FGDDX Fidelity Advisor Dividend Growth Fund Class A	14.72%
SSSYX State Street Equity 500 Index Fund Class K	14.62%

Correlation

The correlation between FGDDX and SSSYX 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. SSSYX — 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.

SSSYX

SSSYX Risk / Return Rank: 65
SSSYX Sharpe Ratio Rank: 63
SSSYX Sortino Ratio Rank: 59
SSSYX Omega Ratio Rank: 61
SSSYX Calmar Ratio Rank: 66
SSSYX Martin Ratio Rank: 77

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. SSSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Dividend Growth Fund Class A (FGDDX) and State Street Equity 500 Index Fund Class K (SSSYX). 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	SSSYX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.77	—
Sortino ratio: Return per unit of downside risk	—	2.43	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.49	—
Martin ratio: Return relative to average drawdown	—	10.92	—

Drawdowns

FGDDX vs. SSSYX - Drawdown Comparison

The maximum FGDDX drawdown since its inception was -5.73%, smaller than the maximum SSSYX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for FGDDX and SSSYX.

Drawdown Indicators

	FGDDX	SSSYX	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-33.77%	+28.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.77%	—
Current Drawdown Current decline from peak	-1.41%	-0.32%	-1.09%
Average Drawdown Average peak-to-trough decline	-1.30%	-3.90%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FGDDX	SSSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	12.51%	+5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	16.98%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	121.13%	-103.23%

FGDDX vs. SSSYX - Expense Ratio Comparison

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

Dividends

FGDDX vs. SSSYX - Dividend Comparison

FGDDX's dividend yield for the trailing twelve months is around 0.15%, less than SSSYX's 1.30% 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%
SSSYX State Street Equity 500 Index Fund Class K	1.30%	1.44%	1.63%	1.78%	2.16%	2.76%	1.86%	4.44%	5.18%	5.94%	2.07%	1.84%

Frequently Asked Questions

Can I hold both FGDDX and SSSYX in my portfolio?

With a correlation of 0.90, FGDDX and SSSYX 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.