FGIKX vs. AVLVX

Last updated Aug 1, 2026

FGIKX (Fidelity Growth & Income Portfolio Class K) and AVLVX (Avantis U.S. Large Cap Value Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 3 years, FGIKX returned 17.74%/yr vs 20.58%/yr for AVLVX. Their correlation of 0.91 means they have usually moved in the same direction. FGIKX charges 0.49%/yr vs 0.15%/yr for AVLVX.

Performance

FGIKX vs. AVLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth & Income Portfolio Class K (FGIKX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGIKX achieves a 10.85% return, which is significantly lower than AVLVX's 24.65% return.

FGIKX

• 1D: 1.62%
• 1M: 0.74%
• 6M: 7.70%
• YTD: 10.85%
• 1Y: 18.36%
• 3Y*: 17.74%
• 5Y*: 13.47%
• 10Y*: 14.00%
• ALL TIME*: 9.39%

AVLVX

• 1D: 0.77%
• 1M: 1.65%
• 6M: 16.69%
• YTD: 24.65%
• 1Y: 40.27%
• 3Y*: 20.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.15%

*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)
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	$0.00	$0.00	$0.00
FGIKX Fidelity Growth & Income Portfolio Class K	$0.00	$0.00	$0.00

FGIKX vs. AVLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FGIKX Fidelity Growth & Income Portfolio Class K	10.85%	19.16%	19.57%	18.75%	9.88%
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	24.65%	15.23%	16.93%	16.75%	8.38%

Correlation

The correlation between FGIKX and AVLVX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	0.91

The correlation between FGIKX and AVLVX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

FGIKX vs. AVLVX — Risk / Return Rank

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

FGIKX

FGIKX Risk / Return Rank: 55
FGIKX Sharpe Ratio Rank: 55
FGIKX Sortino Ratio Rank: 53
FGIKX Omega Ratio Rank: 53
FGIKX Calmar Ratio Rank: 53
FGIKX Martin Ratio Rank: 62

AVLVX

AVLVX Risk / Return Rank: 97
AVLVX Sharpe Ratio Rank: 98
AVLVX Sortino Ratio Rank: 96
AVLVX Omega Ratio Rank: 93
AVLVX Calmar Ratio Rank: 98
AVLVX Martin Ratio Rank: 98

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.

FGIKX vs. AVLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio Class K (FGIKX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). 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.

	FGIKX	AVLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	3.02	-1.58
Sortino ratio: Return per unit of downside risk	2.02	4.17	-2.15
Omega ratio: Gain probability vs. loss probability	1.26	1.55	-0.29
Calmar ratio: Return relative to maximum drawdown	1.95	6.29	-4.34
Martin ratio: Return relative to average drawdown	8.10	25.69	-17.59

FGIKX vs. AVLVX - Sharpe Ratio Comparison

The current FGIKX Sharpe Ratio is 1.43, which is lower than the AVLVX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of FGIKX and AVLVX, 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

FGIKX vs. AVLVX - Drawdown Comparison

The maximum FGIKX drawdown since its inception was -62.07%, which is greater than AVLVX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FGIKX and AVLVX.

Drawdown Indicators

	FGIKX	AVLVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.07%	-19.51%	-42.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-6.01%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-17.20%	-19.51%	+2.31%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	—	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-10.56%	-3.09%	-7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.47%	+0.53%

Volatility

FGIKX vs. AVLVX - Volatility Comparison

Fidelity Growth & Income Portfolio Class K (FGIKX) has a higher volatility of 2.92% compared to Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) at 2.22%. This indicates that FGIKX's price experiences larger fluctuations and is considered to be riskier than AVLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGIKX	AVLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.22%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	8.98%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	12.55%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	16.37%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	16.37%	+1.01%

FGIKX vs. AVLVX - Expense Ratio Comparison

FGIKX has a 0.49% expense ratio, which is higher than AVLVX's 0.15% expense ratio.

Dividends

FGIKX vs. AVLVX - Dividend Comparison

FGIKX's dividend yield for the trailing twelve months is around 6.70%, more than AVLVX's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	2.66%	3.32%	1.61%	1.59%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FGIKX Fidelity Growth & Income Portfolio Class K	6.70%	7.74%	4.66%	4.03%	3.52%	6.11%	3.71%	2.94%	3.51%	1.63%	1.92%	2.23%

Frequently Asked Questions

Can I hold both FGIKX and AVLVX in my portfolio?

FGIKX and AVLVX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGIKX or AVLVX?

FGIKX has higher volatility (2.92%) compared to AVLVX (2.22%). In terms of maximum drawdown, FGIKX dropped -62.07% vs AVLVX's -19.51%.

Which has better risk-adjusted returns?

AVLVX currently has the higher Sharpe Ratio (3.02 vs 1.43), 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.