FGJEX vs. SOPAX

Last updated Jun 4, 2026

FGJEX (Fidelity Advisor Growth & Income Fund Class Z) and SOPAX (ClearBridge Dividend Strategy Fund) are both Large Cap Blend Equities funds. Over the past year, FGJEX returned 23.50% vs 14.99% for SOPAX. A 0.78 correlation means they provide meaningful diversification when combined. FGJEX charges 0.46%/yr vs 1.02%/yr for SOPAX.

Performance

FGJEX vs. SOPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth & Income Fund Class Z (FGJEX) and ClearBridge Dividend Strategy Fund (SOPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGJEX achieves a 7.66% return, which is significantly higher than SOPAX's 5.76% return.

FGJEX

• 1D: -0.01%
• 1M: 2.59%
• YTD: 7.66%
• 6M: 9.23%
• 1Y: 23.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOPAX

• 1D: 0.26%
• 1M: 0.79%
• YTD: 5.76%
• 6M: 6.37%
• 1Y: 14.99%
• 3Y*: 14.83%
• 5Y*: 10.13%
• 10Y*: 12.09%

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

FGJEX vs. SOPAX - Yearly Performance Comparison

	2026 (YTD)	2025
FGJEX Fidelity Advisor Growth & Income Fund Class Z	7.66%	24.15%
SOPAX ClearBridge Dividend Strategy Fund	5.76%	13.01%

Correlation

The correlation between FGJEX and SOPAX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.78

The correlation between FGJEX and SOPAX has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

Return for Risk

FGJEX vs. SOPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGJEX

FGJEX Risk / Return Rank: 59
FGJEX Sharpe Ratio Rank: 60
FGJEX Sortino Ratio Rank: 57
FGJEX Omega Ratio Rank: 57
FGJEX Calmar Ratio Rank: 58
FGJEX Martin Ratio Rank: 61

SOPAX

SOPAX Risk / Return Rank: 31
SOPAX Sharpe Ratio Rank: 33
SOPAX Sortino Ratio Rank: 33
SOPAX Omega Ratio Rank: 31
SOPAX Calmar Ratio Rank: 26
SOPAX Martin Ratio Rank: 33

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.

FGJEX vs. SOPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth & Income Fund Class Z (FGJEX) and ClearBridge Dividend Strategy Fund (SOPAX). 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.

	FGJEX	SOPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.64	+0.63
Sortino ratio: Return per unit of downside risk	3.19	2.37	+0.82
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.13
Calmar ratio: Return relative to maximum drawdown	2.91	1.89	+1.01
Martin ratio: Return relative to average drawdown	12.20	7.56	+4.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGJEX vs. SOPAX - Sharpe Ratio Comparison

The current FGJEX Sharpe Ratio is 2.28, which is higher than the SOPAX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FGJEX and SOPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGJEX	SOPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.64	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.96	+1.86

Drawdowns

FGJEX vs. SOPAX - Drawdown Comparison

The maximum FGJEX drawdown since its inception was -8.32%, smaller than the maximum SOPAX drawdown of -46.78%. Use the drawdown chart below to compare losses from any high point for FGJEX and SOPAX.

Drawdown Indicators

	FGJEX	SOPAX	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-46.78%	+38.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-8.04%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.72%	—
Current Drawdown Current decline from peak	-0.01%	-0.87%	+0.86%
Average Drawdown Average peak-to-trough decline	-1.06%	-4.88%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.01%	-0.03%

Volatility

FGJEX vs. SOPAX - Volatility Comparison

Fidelity Advisor Growth & Income Fund Class Z (FGJEX) has a higher volatility of 2.38% compared to ClearBridge Dividend Strategy Fund (SOPAX) at 2.22%. This indicates that FGJEX's price experiences larger fluctuations and is considered to be riskier than SOPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGJEX	SOPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.22%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	7.01%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	9.27%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	14.23%	-3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.84%	16.37%	-5.53%

FGJEX vs. SOPAX - Expense Ratio Comparison

FGJEX has a 0.46% expense ratio, which is lower than SOPAX's 1.02% expense ratio.

Dividends

FGJEX vs. SOPAX - Dividend Comparison

FGJEX's dividend yield for the trailing twelve months is around 9.18%, less than SOPAX's 12.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGJEX Fidelity Advisor Growth & Income Fund Class Z	9.18%	9.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOPAX ClearBridge Dividend Strategy Fund	12.91%	13.65%	9.54%	9.20%	5.68%	9.93%	1.76%	7.32%	6.56%	6.75%	3.03%	1.53%

Frequently Asked Questions

Can I hold both FGJEX and SOPAX in my portfolio?

FGJEX and SOPAX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGJEX or SOPAX?

FGJEX has higher volatility (2.38%) compared to SOPAX (2.22%). In terms of maximum drawdown, FGJEX dropped -8.32% vs SOPAX's -46.78%.

Which has better risk-adjusted returns?

FGJEX currently has the higher Sharpe Ratio (2.28 vs 1.64), 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.