FGRIX vs. SCHD

Last updated Jun 16, 2026

FGRIX (Fidelity Growth & Income Portfolio) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - FGRIX is a Large Cap Value Equities fund actively managed by Fidelity, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. FGRIX is actively managed, while SCHD is passively managed. Over the past 10 years, FGRIX returned 14.64%/yr vs 12.83%/yr for SCHD. Their correlation of 0.86 suggests significant overlap in exposure. FGRIX charges 0.57%/yr vs 0.06%/yr for SCHD.

Performance

FGRIX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth & Income Portfolio (FGRIX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGRIX achieves a 7.83% return, which is significantly lower than SCHD's 19.96% return. Over the past 10 years, FGRIX has outperformed SCHD with an annualized return of 14.64%, while SCHD has yielded a comparatively lower 12.83% annualized return.

FGRIX

• 1D: 0.52%
• 1M: 2.06%
• YTD: 7.83%
• 6M: 8.49%
• 1Y: 23.33%
• 3Y*: 20.20%
• 5Y*: 13.53%
• 10Y*: 14.64%

SCHD

• 1D: -0.58%
• 1M: 2.87%
• YTD: 19.96%
• 6M: 18.54%
• 1Y: 25.99%
• 3Y*: 14.28%
• 5Y*: 8.90%
• 10Y*: 12.83%

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

FGRIX vs. SCHD - 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%
SCHD Schwab U.S. Dividend Equity ETF	19.96%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between FGRIX and SCHD is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.86

Over the past year, the correlation between FGRIX and SCHD has dropped to 0.54 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

FGRIX vs. SCHD - Sectors Allocation Comparison

Sectors	FGRIX	SCHD
Technology	21.7%	19.4%
Industrials	17.7%	7.4%
Financial Services	16.6%	9.1%
Healthcare	11.8%	18.4%
Energy	10.7%	14.6%
Consumer Defensive	7.1%	18.5%
Communication Services	6.3%	6.0%
Consumer Cyclical	3.9%	6.7%
Utilities	2.3%	0.0%
Real Estate	1.1%	-
Basic Materials	0.9%	1.2%

Return for Risk

FGRIX vs. SCHD — Risk / Return Rank

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

FGRIX

FGRIX Risk / Return Rank: 64
FGRIX Sharpe Ratio Rank: 66
FGRIX Sortino Ratio Rank: 65
FGRIX Omega Ratio Rank: 62
FGRIX Calmar Ratio Rank: 61
FGRIX Martin Ratio Rank: 66

SCHD

SCHD Risk / Return Rank: 85
SCHD Sharpe Ratio Rank: 84
SCHD Sortino Ratio Rank: 90
SCHD Omega Ratio Rank: 81
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 80

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.

FGRIX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.39	-0.38
Sortino ratio: Return per unit of downside risk	2.83	3.69	-0.87
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	2.64	5.66	-3.02
Martin ratio: Return relative to average drawdown	11.02	13.87	-2.85

FGRIX vs. SCHD - Sharpe Ratio Comparison

The current FGRIX Sharpe Ratio is 2.01, which is comparable to the SCHD Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FGRIX and SCHD, 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

FGRIX vs. SCHD - Drawdown Comparison

The maximum FGRIX drawdown since its inception was -67.10%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FGRIX and SCHD.

Drawdown Indicators

	FGRIX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-67.10%	-33.37%	-33.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-4.61%	-3.74%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	-16.13%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-19.26%	-16.85%	-2.41%
Max Drawdown (10Y) Largest decline over 10 years	-35.62%	-33.37%	-2.25%
Current Drawdown Current decline from peak	-0.14%	-0.61%	+0.47%
Average Drawdown Average peak-to-trough decline	-10.11%	-3.31%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.88%	+0.12%

Volatility

FGRIX vs. SCHD - Volatility Comparison

Fidelity Growth & Income Portfolio (FGRIX) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 3.25% and 3.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRIX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	3.14%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	7.56%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	10.95%	10.94%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	14.39%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	16.72%	+0.74%

FGRIX vs. SCHD - Expense Ratio Comparison

FGRIX has a 0.57% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

FGRIX vs. SCHD - Dividend Comparison

FGRIX's dividend yield for the trailing twelve months is around 9.08%, more than SCHD's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHD Schwab U.S. Dividend Equity ETF	3.24%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both FGRIX and SCHD in my portfolio?

FGRIX and SCHD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRIX or SCHD?

FGRIX has higher volatility (3.25%) compared to SCHD (3.14%). In terms of maximum drawdown, FGRIX dropped -67.10% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.39 vs 2.01), 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.