FGRAX vs. FZAPX

Last updated Jun 4, 2026

FGRAX (Franklin Growth Opportunities Fund Class A) and FZAPX (Fidelity Advisor Stock Selector All Cap Fund Class Z) are both Large Cap Growth Equities funds. Over the past 10 years, FGRAX returned 18.25%/yr vs 15.45%/yr for FZAPX. Their correlation of 0.91 suggests significant overlap in exposure. FGRAX charges 0.89%/yr vs 0.58%/yr for FZAPX.

Performance

FGRAX vs. FZAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Growth Opportunities Fund Class A (FGRAX) and Fidelity Advisor Stock Selector All Cap Fund Class Z (FZAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGRAX achieves a 11.31% return, which is significantly lower than FZAPX's 15.87% return. Over the past 10 years, FGRAX has outperformed FZAPX with an annualized return of 18.25%, while FZAPX has yielded a comparatively lower 15.45% annualized return.

FGRAX

• 1D: 0.35%
• 1M: 7.37%
• YTD: 11.31%
• 6M: 11.09%
• 1Y: 18.95%
• 3Y*: 20.57%
• 5Y*: 13.88%
• 10Y*: 18.25%

FZAPX

• 1D: 0.33%
• 1M: 5.89%
• YTD: 15.87%
• 6M: 16.42%
• 1Y: 37.49%
• 3Y*: 22.95%
• 5Y*: 13.25%
• 10Y*: 15.45%

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

FGRAX vs. FZAPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGRAX Franklin Growth Opportunities Fund Class A	11.31%	8.10%	25.65%	39.54%	-37.14%	48.19%	45.48%	46.91%	-1.32%	28.78%
FZAPX Fidelity Advisor Stock Selector All Cap Fund Class Z	15.87%	18.98%	19.88%	27.05%	-19.49%	23.25%	25.03%	32.34%	-8.52%	24.38%

Correlation

The correlation between FGRAX and FZAPX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 21, 2013	0.91

The correlation between FGRAX and FZAPX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FGRAX vs. FZAPX — Risk / Return Rank

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

FGRAX

FGRAX Risk / Return Rank: 16
FGRAX Sharpe Ratio Rank: 18
FGRAX Sortino Ratio Rank: 17
FGRAX Omega Ratio Rank: 18
FGRAX Calmar Ratio Rank: 13
FGRAX Martin Ratio Rank: 14

FZAPX

FZAPX Risk / Return Rank: 86
FZAPX Sharpe Ratio Rank: 89
FZAPX Sortino Ratio Rank: 83
FZAPX Omega Ratio Rank: 81
FZAPX Calmar Ratio Rank: 87
FZAPX Martin Ratio Rank: 93

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.

FGRAX vs. FZAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund Class A (FGRAX) and Fidelity Advisor Stock Selector All Cap Fund Class Z (FZAPX). 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.

	FGRAX	FZAPX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.96	-1.72
Sortino ratio: Return per unit of downside risk	1.75	3.95	-2.21
Omega ratio: Gain probability vs. loss probability	1.22	1.54	-0.31
Calmar ratio: Return relative to maximum drawdown	1.24	4.18	-2.94
Martin ratio: Return relative to average drawdown	4.13	20.24	-16.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRAX vs. FZAPX - Sharpe Ratio Comparison

The current FGRAX Sharpe Ratio is 1.24, which is lower than the FZAPX Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of FGRAX and FZAPX, 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

	FGRAX	FZAPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	2.96	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.75	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.84	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.80	-0.35

Drawdowns

FGRAX vs. FZAPX - Drawdown Comparison

The maximum FGRAX drawdown since its inception was -78.79%, which is greater than FZAPX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FGRAX and FZAPX.

Drawdown Indicators

	FGRAX	FZAPX	Difference
Max Drawdown Largest peak-to-trough decline	-78.79%	-34.37%	-44.42%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-9.20%	-6.62%
Max Drawdown (3Y) Largest decline over 3 years	-26.30%	-20.84%	-5.46%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-25.20%	-15.10%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-34.37%	-5.93%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-28.80%	-4.56%	-24.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	1.89%	+2.86%

Volatility

FGRAX vs. FZAPX - Volatility Comparison

Franklin Growth Opportunities Fund Class A (FGRAX) has a higher volatility of 3.82% compared to Fidelity Advisor Stock Selector All Cap Fund Class Z (FZAPX) at 3.38%. This indicates that FGRAX's price experiences larger fluctuations and is considered to be riskier than FZAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRAX	FZAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	3.38%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	10.01%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	13.00%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.56%	17.76%	+8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	18.57%	+5.76%

FGRAX vs. FZAPX - Expense Ratio Comparison

FGRAX has a 0.89% expense ratio, which is higher than FZAPX's 0.58% expense ratio.

Dividends

FGRAX vs. FZAPX - Dividend Comparison

FGRAX's dividend yield for the trailing twelve months is around 17.72%, more than FZAPX's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRAX Franklin Growth Opportunities Fund Class A	17.72%	19.73%	10.72%	13.47%	4.83%	28.81%	5.83%	17.52%	13.10%	8.71%	2.09%	2.04%
FZAPX Fidelity Advisor Stock Selector All Cap Fund Class Z	4.21%	4.88%	4.91%	2.12%	0.39%	1.47%	5.33%	6.18%	4.59%	3.07%	1.13%	5.24%

Frequently Asked Questions

Can I hold both FGRAX and FZAPX in my portfolio?

With a correlation of 0.93, FGRAX and FZAPX 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, FGRAX or FZAPX?

FGRAX has higher volatility (3.82%) compared to FZAPX (3.38%). In terms of maximum drawdown, FGRAX dropped -78.79% vs FZAPX's -34.37%.

Which has better risk-adjusted returns?

FZAPX currently has the higher Sharpe Ratio (2.96 vs 1.24), 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.