FMFMX vs. JSGIX

Last updated Jul 17, 2026

FMFMX (Fidelity Advisor Series Equity Growth Fund) and JSGIX (John Hancock Funds III U.S. Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FMFMX returned 18.98%/yr vs 17.04%/yr for JSGIX. With a 0.96 correlation, they move nearly in lockstep. FMFMX charges 0.00%/yr vs 0.71%/yr for JSGIX.

Performance

FMFMX vs. JSGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Series Equity Growth Fund (FMFMX) and John Hancock Funds III U.S. Growth Fund (JSGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMFMX achieves a 12.06% return, which is significantly higher than JSGIX's 4.45% return. Over the past 10 years, FMFMX has outperformed JSGIX with an annualized return of 18.98%, while JSGIX has yielded a comparatively lower 17.04% annualized return.

FMFMX

• 1D: 0.17%
• 1M: -0.33%
• 6M: 10.75%
• YTD: 12.06%
• 1Y: 19.40%
• 3Y*: 22.41%
• 5Y*: 13.05%
• 10Y*: 18.98%

JSGIX

• 1D: 0.16%
• 1M: -0.22%
• 6M: 4.17%
• YTD: 4.45%
• 1Y: 14.87%
• 3Y*: 22.23%
• 5Y*: 13.39%
• 10Y*: 17.04%

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

FMFMX vs. JSGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMFMX Fidelity Advisor Series Equity Growth Fund	12.06%	14.98%	30.90%	37.23%	-23.65%	18.56%	45.18%	35.17%	-0.07%	36.89%
JSGIX John Hancock Funds III U.S. Growth Fund	4.45%	20.39%	32.38%	39.48%	-26.61%	23.21%	29.85%	34.79%	-0.24%	29.27%

Correlation

The correlation between FMFMX and JSGIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 11, 2014	0.96

The correlation between FMFMX and JSGIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

FMFMX vs. JSGIX — Risk / Return Rank

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

FMFMX

FMFMX Risk / Return Rank: 26
FMFMX Sharpe Ratio Rank: 25
FMFMX Sortino Ratio Rank: 23
FMFMX Omega Ratio Rank: 25
FMFMX Calmar Ratio Rank: 28
FMFMX Martin Ratio Rank: 30

JSGIX

JSGIX Risk / Return Rank: 16
JSGIX Sharpe Ratio Rank: 16
JSGIX Sortino Ratio Rank: 16
JSGIX Omega Ratio Rank: 16
JSGIX Calmar Ratio Rank: 15
JSGIX Martin Ratio Rank: 20

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.

FMFMX vs. JSGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Equity Growth Fund (FMFMX) and John Hancock Funds III U.S. Growth Fund (JSGIX). 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.

	FMFMX	JSGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	0.90	+0.20
Sortino ratio: Return per unit of downside risk	1.56	1.31	+0.24
Omega ratio: Gain probability vs. loss probability	1.20	1.17	+0.04
Calmar ratio: Return relative to maximum drawdown	1.58	1.05	+0.53
Martin ratio: Return relative to average drawdown	5.49	3.94	+1.55

FMFMX vs. JSGIX - Sharpe Ratio Comparison

The current FMFMX Sharpe Ratio is 1.10, which is comparable to the JSGIX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FMFMX and JSGIX, 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

FMFMX vs. JSGIX - Drawdown Comparison

The maximum FMFMX drawdown since its inception was -36.89%, which is greater than JSGIX's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for FMFMX and JSGIX.

Drawdown Indicators

	FMFMX	JSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.89%	-31.80%	-5.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-14.58%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	-36.89%	-24.31%	-12.58%
Max Drawdown (5Y) Largest decline over 5 years	-36.89%	-30.01%	-6.88%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-31.80%	-5.09%
Current Drawdown Current decline from peak	-3.19%	-3.11%	-0.08%
Average Drawdown Average peak-to-trough decline	-7.29%	-5.03%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.87%	-0.26%

Volatility

FMFMX vs. JSGIX - Volatility Comparison

Fidelity Advisor Series Equity Growth Fund (FMFMX) and John Hancock Funds III U.S. Growth Fund (JSGIX) have volatilities of 6.70% and 6.52%, 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

	FMFMX	JSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.70%	6.52%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	13.80%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	16.94%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	21.17%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	21.14%	+1.91%

FMFMX vs. JSGIX - Expense Ratio Comparison

FMFMX has a 0.00% expense ratio, which is lower than JSGIX's 0.71% expense ratio.

Dividends

FMFMX vs. JSGIX - Dividend Comparison

FMFMX's dividend yield for the trailing twelve months is around 12.98%, more than JSGIX's 8.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMFMX Fidelity Advisor Series Equity Growth Fund	12.98%	14.54%	28.50%	5.57%	5.69%	16.12%	27.01%	13.51%	9.43%	18.29%	0.12%	0.15%
JSGIX John Hancock Funds III U.S. Growth Fund	8.76%	9.15%	9.61%	5.02%	11.25%	14.04%	2.63%	0.13%	28.16%	14.98%	4.13%	6.12%

Frequently Asked Questions

Can I hold both FMFMX and JSGIX in my portfolio?

With a correlation of 0.96, FMFMX and JSGIX 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, FMFMX or JSGIX?

FMFMX has higher volatility (6.70%) compared to JSGIX (6.52%). In terms of maximum drawdown, FMFMX dropped -36.89% vs JSGIX's -31.80%.

Which has better risk-adjusted returns?

FMFMX currently has the higher Sharpe Ratio (1.10 vs 0.90), 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.