FGRIX vs. FCLSX
FGRIX (Fidelity Growth & Income Portfolio) and FCLSX (Fidelity Flex Freedom Blend 2040 Fund) are both mutual funds - FGRIX is a Large Cap Value Equities fund actively managed by Fidelity, while FCLSX is a Target Retirement Date fund managed by Fidelity. Over the past 5 years, FGRIX returned 14.41%/yr vs 10.33%/yr for FCLSX. Their correlation of 0.90 means they have usually moved in the same direction. FGRIX charges 0.57%/yr vs 0.00%/yr for FCLSX.
Performance
FGRIX vs. FCLSX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FGRIX having a 11.12% return and FCLSX slightly lower at 10.72%.
FGRIX
- 1D
- 1.62%
- 1M
- 1.03%
- 6M
- 7.98%
- YTD
- 11.12%
- 1Y
- 21.13%
- 3Y*
- 19.43%
- 5Y*
- 14.41%
- 10Y*
- 14.41%
- ALL TIME*
- 10.56%
FCLSX
- 1D
- 1.97%
- 1M
- -1.02%
- 6M
- 7.22%
- YTD
- 10.72%
- 1Y
- 22.07%
- 3Y*
- 18.07%
- 5Y*
- 10.33%
- 10Y*
- —
- ALL TIME*
- 11.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FGRIX vs. FCLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGRIX Fidelity Growth & Income Portfolio | 11.12% | 21.59% | 22.10% | 18.63% | -4.98% | 25.84% | 7.98% | 30.22% | -8.94% | 10.07% |
FCLSX Fidelity Flex Freedom Blend 2040 Fund | 10.72% | 21.45% | 18.16% | 20.51% | -17.74% | 16.91% | 18.37% | 25.92% | -8.31% | 10.11% |
Correlation
The correlation between FGRIX and FCLSX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.90 |
The correlation between FGRIX and FCLSX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
FGRIX vs. FCLSX — Risk / Return Rank
FGRIX
FCLSX
FGRIX vs. FCLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) and Fidelity Flex Freedom Blend 2040 Fund (FCLSX). 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 | FCLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.39 | -0.13 |
| Martin ratioReturn relative to average drawdown | 9.56 | 9.90 | -0.34 |
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Drawdowns
FGRIX vs. FCLSX - Drawdown Comparison
The maximum FGRIX drawdown since its inception was -67.10%, which is greater than FCLSX's maximum drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for FGRIX and FCLSX.
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Drawdown Indicators
| FGRIX | FCLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.10% | -31.26% | -35.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.60% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -14.16% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -27.30% | +8.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.08% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -5.25% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.07% | -0.09% |
Volatility
FGRIX vs. FCLSX - Volatility Comparison
The current volatility for Fidelity Growth & Income Portfolio (FGRIX) is 2.94%, while Fidelity Flex Freedom Blend 2040 Fund (FCLSX) has a volatility of 3.79%. This indicates that FGRIX experiences smaller price fluctuations and is considered to be less risky than FCLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGRIX | FCLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.79% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 10.83% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 12.70% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 14.69% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 15.75% | +1.60% |
FGRIX vs. FCLSX - Expense Ratio Comparison
FGRIX has a 0.57% expense ratio, which is higher than FCLSX's 0.00% expense ratio.
Dividends
FGRIX vs. FCLSX - Dividend Comparison
FGRIX's dividend yield for the trailing twelve months is around 8.84%, more than FCLSX's 7.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLSX Fidelity Flex Freedom Blend 2040 Fund | 7.92% | 4.92% | 9.06% | 2.19% | 6.31% | 7.13% | 5.73% | 6.99% | 8.18% | 3.09% | 0.00% | 0.00% |
FGRIX Fidelity Growth & Income Portfolio | 8.84% | 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 FCLSX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCLSX has higher volatility (3.79%) compared to FGRIX (2.94%). In terms of maximum drawdown, FGRIX dropped -67.10% vs FCLSX's -31.26%.
FGRIX currently has the higher Sharpe Ratio (1.71 vs 1.62), 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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