FGDDX vs. VIIIX

Last updated Jul 14, 2026

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

Performance

FGDDX vs. VIIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Dividend Growth Fund Class A (FGDDX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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*: —

VIIIX

• 1D: 0.43%
• 1M: 2.02%
• 6M: 9.19%
• YTD: 11.34%
• 1Y: 22.45%
• 3Y*: 21.51%
• 5Y*: 13.38%
• 10Y*: 15.39%

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

FGDDX vs. VIIIX - Yearly Performance Comparison

	2026 (YTD)
FGDDX Fidelity Advisor Dividend Growth Fund Class A	14.72%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	14.63%

Correlation

The correlation between FGDDX and VIIIX 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. VIIIX — 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.

VIIIX

VIIIX Risk / Return Rank: 65
VIIIX Sharpe Ratio Rank: 64
VIIIX Sortino Ratio Rank: 59
VIIIX Omega Ratio Rank: 61
VIIIX Calmar Ratio Rank: 66
VIIIX 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. VIIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Dividend Growth Fund Class A (FGDDX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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	VIIIX	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	—	10.93	—

Drawdowns

FGDDX vs. VIIIX - Drawdown Comparison

The maximum FGDDX drawdown since its inception was -5.73%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FGDDX and VIIIX.

Drawdown Indicators

	FGDDX	VIIIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-55.18%	+49.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
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%	-0.32%	-1.09%
Average Drawdown Average peak-to-trough decline	-1.30%	-9.99%	+8.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FGDDX	VIIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.96%	—
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%	16.99%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	18.04%	-0.14%

FGDDX vs. VIIIX - Expense Ratio Comparison

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

Dividends

FGDDX vs. VIIIX - Dividend Comparison

FGDDX's dividend yield for the trailing twelve months is around 0.15%, less than VIIIX's 2.47% 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%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	2.47%	2.11%	3.66%	2.66%	3.39%	4.79%	3.07%	2.86%	2.45%	1.84%	2.38%	2.47%

Frequently Asked Questions

Can I hold both FGDDX and VIIIX in my portfolio?

With a correlation of 0.90, FGDDX and VIIIX 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.