FNICX vs. CHAIX

Last updated Aug 1, 2026

FNICX (Fidelity Advisor New Insights Fund Class C) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. Over the past 10 years, FNICX returned 14.70%/yr vs 17.48%/yr for CHAIX. Their correlation of 0.93 means they have usually moved in the same direction. FNICX charges 1.70%/yr vs 1.00%/yr for CHAIX.

Performance

FNICX vs. CHAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor New Insights Fund Class C (FNICX) and Chase Growth Fund Institutional Class (CHAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNICX achieves a 5.75% return, which is significantly lower than CHAIX's 22.42% return. Over the past 10 years, FNICX has underperformed CHAIX with an annualized return of 14.70%, while CHAIX has yielded a comparatively higher 17.48% annualized return.

FNICX

• 1D: 1.37%
• 1M: -4.44%
• 6M: 3.78%
• YTD: 5.75%
• 1Y: 14.69%
• 3Y*: 21.60%
• 5Y*: 12.14%
• 10Y*: 14.70%
• ALL TIME*: 10.63%

CHAIX

• 1D: 2.62%
• 1M: -0.74%
• 6M: 18.58%
• YTD: 22.42%
• 1Y: 37.43%
• 3Y*: 30.19%
• 5Y*: 16.79%
• 10Y*: 17.48%
• ALL TIME*: 11.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHAIX Chase Growth Fund Institutional Class	$0.00	$0.00	$0.00
FNICX Fidelity Advisor New Insights Fund Class C	$0.00	$0.00	$0.00

FNICX vs. CHAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNICX Fidelity Advisor New Insights Fund Class C	5.75%	19.70%	33.94%	34.88%	-26.87%	23.48%	22.72%	28.17%	-5.40%	27.10%
CHAIX Chase Growth Fund Institutional Class	22.42%	20.67%	38.77%	26.00%	-20.32%	22.36%	18.41%	41.69%	-3.87%	24.73%

Correlation

The correlation between FNICX and CHAIX is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jan 29, 2007	0.93

The correlation between FNICX and CHAIX has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

FNICX vs. CHAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNICX

FNICX Risk / Return Rank: 28
FNICX Sharpe Ratio Rank: 25
FNICX Sortino Ratio Rank: 25
FNICX Omega Ratio Rank: 25
FNICX Calmar Ratio Rank: 30
FNICX Martin Ratio Rank: 34

CHAIX

CHAIX Risk / Return Rank: 80
CHAIX Sharpe Ratio Rank: 76
CHAIX Sortino Ratio Rank: 72
CHAIX Omega Ratio Rank: 69
CHAIX Calmar Ratio Rank: 91
CHAIX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNICX vs. CHAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class C (FNICX) and Chase Growth Fund Institutional Class (CHAIX). 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.

	FNICX	CHAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.81	-0.95
Sortino ratio: Return per unit of downside risk	1.29	2.48	-1.19
Omega ratio: Gain probability vs. loss probability	1.16	1.31	-0.15
Calmar ratio: Return relative to maximum drawdown	1.32	3.53	-2.21
Martin ratio: Return relative to average drawdown	4.83	13.85	-9.03

FNICX vs. CHAIX - Sharpe Ratio Comparison

The current FNICX Sharpe Ratio is 0.86, which is lower than the CHAIX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of FNICX and CHAIX, 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

FNICX vs. CHAIX - Drawdown Comparison

The maximum FNICX drawdown since its inception was -50.18%, roughly equal to the maximum CHAIX drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for FNICX and CHAIX.

Drawdown Indicators

	FNICX	CHAIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.18%	-50.61%	+0.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-9.86%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	-21.10%	-23.40%	+2.30%
Max Drawdown (5Y) Largest decline over 5 years	-32.17%	-24.58%	-7.59%
Max Drawdown (10Y) Largest decline over 10 years	-32.17%	-30.36%	-1.81%
Current Drawdown Current decline from peak	-7.34%	-3.76%	-3.58%
Average Drawdown Average peak-to-trough decline	-7.58%	-10.33%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.51%	+0.37%

Volatility

FNICX vs. CHAIX - Volatility Comparison

The current volatility for Fidelity Advisor New Insights Fund Class C (FNICX) is 4.60%, while Chase Growth Fund Institutional Class (CHAIX) has a volatility of 6.41%. This indicates that FNICX experiences smaller price fluctuations and is considered to be less risky than CHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNICX	CHAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	6.41%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	15.32%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	19.27%	-3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.36%	18.88%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	19.18%	+0.19%

FNICX vs. CHAIX - Expense Ratio Comparison

FNICX has a 1.70% expense ratio, which is higher than CHAIX's 1.00% expense ratio.

Dividends

FNICX vs. CHAIX - Dividend Comparison

FNICX's dividend yield for the trailing twelve months is around 12.92%, more than CHAIX's 6.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAIX Chase Growth Fund Institutional Class	6.70%	8.20%	18.32%	5.36%	5.09%	18.78%	7.39%	21.65%	12.33%	11.44%	8.83%	9.93%
FNICX Fidelity Advisor New Insights Fund Class C	12.92%	13.07%	8.12%	8.07%	21.87%	15.96%	9.88%	7.53%	16.07%	8.64%	4.45%	4.78%

Frequently Asked Questions

Can I hold both FNICX and CHAIX in my portfolio?

FNICX and CHAIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNICX or CHAIX?

CHAIX has higher volatility (6.41%) compared to FNICX (4.60%). In terms of maximum drawdown, FNICX dropped -50.18% vs CHAIX's -50.61%.

Which has better risk-adjusted returns?

CHAIX currently has the higher Sharpe Ratio (1.81 vs 0.86), 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.