FGDKX vs. FDGRX

Last updated Aug 1, 2026

FGDKX (Fidelity Growth Discovery Fund Class K) and FDGRX (Fidelity Growth Company Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FGDKX returned 17.80%/yr vs 21.52%/yr for FDGRX. Their 0.96 correlation means they have historically moved very closely together. FGDKX charges 0.68%/yr vs 0.52%/yr for FDGRX.

Performance

FGDKX vs. FDGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Discovery Fund Class K (FGDKX) and Fidelity Growth Company Fund (FDGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGDKX achieves a 6.22% return, which is significantly lower than FDGRX's 15.01% return. Over the past 10 years, FGDKX has underperformed FDGRX with an annualized return of 17.80%, while FDGRX has yielded a comparatively higher 21.52% annualized return.

FGDKX

• 1D: 2.84%
• 1M: -3.44%
• 6M: 5.12%
• YTD: 6.22%
• 1Y: 13.66%
• 3Y*: 19.29%
• 5Y*: 11.77%
• 10Y*: 17.80%
• ALL TIME*: 12.96%

FDGRX

• 1D: 2.88%
• 1M: -4.50%
• 6M: 12.24%
• YTD: 15.01%
• 1Y: 27.79%
• 3Y*: 25.32%
• 5Y*: 13.97%
• 10Y*: 21.52%
• ALL TIME*: 14.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDGRX Fidelity Growth Company Fund	$0.00	$0.00	$0.00
FGDKX Fidelity Growth Discovery Fund Class K	$0.00	$0.00	$0.00

FGDKX vs. FDGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGDKX Fidelity Growth Discovery Fund Class K	6.22%	15.23%	30.30%	35.73%	-24.34%	23.03%	43.54%	33.91%	-0.20%	34.68%
FDGRX Fidelity Growth Company Fund	15.01%	18.54%	37.18%	47.25%	-33.86%	22.57%	67.42%	38.40%	-4.14%	36.76%

Correlation

The correlation between FGDKX and FDGRX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.96

The correlation between FGDKX and FDGRX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

FGDKX vs. FDGRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGDKX

FGDKX Risk / Return Rank: 18
FGDKX Sharpe Ratio Rank: 16
FGDKX Sortino Ratio Rank: 16
FGDKX Omega Ratio Rank: 16
FGDKX Calmar Ratio Rank: 19
FGDKX Martin Ratio Rank: 21

FDGRX

FDGRX Risk / Return Rank: 49
FDGRX Sharpe Ratio Rank: 46
FDGRX Sortino Ratio Rank: 42
FDGRX Omega Ratio Rank: 42
FDGRX Calmar Ratio Rank: 64
FDGRX Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGDKX vs. FDGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund Class K (FGDKX) and Fidelity Growth Company Fund (FDGRX). 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.

	FGDKX	FDGRX	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.24	-0.65
Sortino ratio: Return per unit of downside risk	0.93	1.71	-0.79
Omega ratio: Gain probability vs. loss probability	1.11	1.22	-0.10
Calmar ratio: Return relative to maximum drawdown	0.89	2.04	-1.15
Martin ratio: Return relative to average drawdown	2.88	6.83	-3.95

FGDKX vs. FDGRX - Sharpe Ratio Comparison

The current FGDKX Sharpe Ratio is 0.59, which is lower than the FDGRX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FGDKX and FDGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGDKX vs. FDGRX - Drawdown Comparison

The maximum FGDKX drawdown since its inception was -55.39%, smaller than the maximum FDGRX drawdown of -71.62%. Use the drawdown chart below to compare losses from any high point for FGDKX and FDGRX.

Drawdown Indicators

	FGDKX	FDGRX	Difference
Max Drawdown Largest peak-to-trough decline	-55.39%	-71.62%	+16.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	-12.60%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-23.41%	-26.19%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	-40.25%	+10.50%
Max Drawdown (10Y) Largest decline over 10 years	-31.09%	-40.25%	+9.16%
Current Drawdown Current decline from peak	-8.03%	-7.06%	-0.97%
Average Drawdown Average peak-to-trough decline	-8.63%	-15.86%	+7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.74%	+0.10%

Volatility

FGDKX vs. FDGRX - Volatility Comparison

Fidelity Growth Discovery Fund Class K (FGDKX) and Fidelity Growth Company Fund (FDGRX) have volatilities of 6.51% and 6.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDKX	FDGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	6.23%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	15.89%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.81%	20.62%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	24.26%	-3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	23.50%	-2.75%

FGDKX vs. FDGRX - Expense Ratio Comparison

FGDKX has a 0.68% expense ratio, which is higher than FDGRX's 0.52% expense ratio.

Dividends

FGDKX vs. FDGRX - Dividend Comparison

FGDKX's dividend yield for the trailing twelve months is around 1.55%, while FDGRX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGRX Fidelity Growth Company Fund	0.00%	0.00%	8.86%	3.83%	7.20%	10.67%	8.86%	3.84%	6.38%	4.73%	6.16%	3.92%
FGDKX Fidelity Growth Discovery Fund Class K	1.55%	1.65%	12.82%	2.63%	3.69%	13.53%	9.71%	4.37%	5.13%	4.92%	0.15%	0.28%

Frequently Asked Questions

Can I hold both FGDKX and FDGRX in my portfolio?

With a correlation of 0.96, FGDKX and FDGRX 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.

Which is riskier, FGDKX or FDGRX?

FGDKX has higher volatility (6.51%) compared to FDGRX (6.23%). In terms of maximum drawdown, FGDKX dropped -55.39% vs FDGRX's -71.62%.

Which has better risk-adjusted returns?

FDGRX currently has the higher Sharpe Ratio (1.24 vs 0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.