FGRIX vs. FALGX
FGRIX (Fidelity Growth & Income Portfolio) and FALGX (Fidelity Advisor Large Cap Fund Class M) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FGRIX returned 14.86%/yr vs 13.17%/yr for FALGX. With a 0.96 correlation, they move nearly in lockstep. FGRIX charges 0.57%/yr vs 1.05%/yr for FALGX.
Performance
FGRIX vs. FALGX - Performance Comparison
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Returns By Period
Over the past 10 years, FGRIX has outperformed FALGX with an annualized return of 14.86%, while FALGX has yielded a comparatively lower 13.17% annualized return.
FGRIX
- 1D
- -0.33%
- 1M
- 0.98%
- YTD
- 7.83%
- 6M
- 7.22%
- 1Y
- 21.66%
- 3Y*
- 20.84%
- 5Y*
- 13.98%
- 10Y*
- 14.86%
FALGX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 10.22%
- 3Y*
- 15.55%
- 5Y*
- 11.39%
- 10Y*
- 13.17%
FGRIX vs. FALGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGRIX Fidelity Growth & Income Portfolio | 7.83% | 21.59% | 22.10% | 18.63% | -4.98% | 25.84% | 7.98% | 30.22% | -8.94% | 16.88% |
FALGX Fidelity Advisor Large Cap Fund Class M | 0.00% | 19.09% | 18.68% | 22.88% | -8.40% | 25.20% | 8.27% | 31.01% | -8.88% | 16.83% |
Correlation
The correlation between FGRIX and FALGX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 1996 | 0.96 |
Over the past year, the correlation between FGRIX and FALGX has dropped to 0.53 - well below their long-term average of 0.96, suggesting their price drivers have been diverging.
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Return for Risk
FGRIX vs. FALGX — Risk / Return Rank
FGRIX
FALGX
FGRIX vs. FALGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) and Fidelity Advisor Large Cap Fund Class M (FALGX). 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.
| FGRIX | FALGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.54 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.49 | 4.12 | +7.37 |
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Drawdowns
FGRIX vs. FALGX - Drawdown Comparison
The maximum FGRIX drawdown since its inception was -67.10%, roughly equal to the maximum FALGX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for FGRIX and FALGX.
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Drawdown Indicators
| FGRIX | FALGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.10% | -64.07% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -5.06% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -21.78% | +5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -21.78% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | -37.58% | +1.96% |
Current DrawdownCurrent decline from peak | -0.85% | -4.20% | +3.35% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -14.41% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.92% | -0.92% |
Volatility
FGRIX vs. FALGX - Volatility Comparison
Fidelity Growth & Income Portfolio (FGRIX) has a higher volatility of 3.28% compared to Fidelity Advisor Large Cap Fund Class M (FALGX) at 0.00%. This indicates that FGRIX's price experiences larger fluctuations and is considered to be riskier than FALGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGRIX | FALGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 0.00% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 3.52% | +4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 7.81% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 16.62% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 18.66% | -1.20% |
FGRIX vs. FALGX - Expense Ratio Comparison
FGRIX has a 0.57% expense ratio, which is lower than FALGX's 1.05% expense ratio.
Dividends
FGRIX vs. FALGX - Dividend Comparison
FGRIX's dividend yield for the trailing twelve months is around 9.08%, more than FALGX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALGX Fidelity Advisor Large Cap Fund Class M | 5.76% | 5.76% | 0.00% | 3.20% | 1.91% | 6.44% | 5.25% | 8.39% | 16.99% | 6.42% | 1.85% | 2.74% |
FGRIX Fidelity Growth & Income Portfolio | 9.08% | 9.78% | 6.80% | 3.93% | 3.43% | 6.02% | 3.61% | 2.85% | 3.39% | 1.52% | 1.80% | 2.08% |
Frequently Asked Questions
FGRIX and FALGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGRIX has higher volatility (3.28%) compared to FALGX (0.00%). In terms of maximum drawdown, FGRIX dropped -67.10% vs FALGX's -64.07%.
FGRIX currently has the higher Sharpe Ratio (2.10 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.
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