FLFAX vs. FBGRX

Last updated Jun 25, 2026

FLFAX (Fidelity Advisor Latin America Fund Class A) and FBGRX (Fidelity Blue Chip Growth Fund) are both mutual funds - FLFAX is a Latin America Equities fund managed by Fidelity, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. At a 0.47 correlation, their price movements are largely independent. FLFAX charges 1.33%/yr vs 0.79%/yr for FBGRX.

Performance

FLFAX vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Latin America Fund Class A (FLFAX) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLFAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBGRX

• 1D: -2.58%
• 1M: 0.18%
• YTD: 13.83%
• 6M: 12.39%
• 1Y: 34.82%
• 3Y*: 29.71%
• 5Y*: 14.56%
• 10Y*: 22.06%

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

FLFAX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	40.23%	-10.73%	30.08%
FBGRX Fidelity Blue Chip Growth Fund	13.83%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FLFAX and FBGRX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 28, 2010	0.47

The correlation between FLFAX and FBGRX shifts across timeframes, from 0.26 (3 years) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLFAX vs. FBGRX — Risk / Return Rank

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

FLFAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FBGRX

FBGRX Risk / Return Rank: 54
FBGRX Sharpe Ratio Rank: 52
FBGRX Sortino Ratio Rank: 44
FBGRX Omega Ratio Rank: 45
FBGRX Calmar Ratio Rank: 64
FBGRX Martin Ratio Rank: 66

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.

FLFAX vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Latin America Fund Class A (FLFAX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FLFAX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.96	—
Sortino ratio: Return per unit of downside risk	—	2.58	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.95	—
Martin ratio: Return relative to average drawdown	—	12.10	—

Drawdowns

Drawdown Indicators

	FLFAX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.64%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.08%	—
Current Drawdown Current decline from peak	—	-4.71%	—
Average Drawdown Average peak-to-trough decline	—	-12.51%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.07%	—

Volatility

Volatility by Period

	FLFAX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.78%	—

FLFAX vs. FBGRX - Expense Ratio Comparison

FLFAX has a 1.33% expense ratio, which is higher than FBGRX's 0.79% expense ratio.

Dividends

FLFAX vs. FBGRX - Dividend Comparison

FLFAX has not paid dividends to shareholders, while FBGRX's dividend yield for the trailing twelve months is around 1.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.67%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%

Frequently Asked Questions

Can I hold both FLFAX and FBGRX in my portfolio?

FLFAX and FBGRX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.