FNITX vs. FGKFX

Last updated Jun 24, 2026

FNITX (Fidelity Advisor New Insights Fund Class M) and FGKFX (Fidelity Growth Company K6 Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 5 years, FNITX returned 15.00%/yr vs 16.32%/yr for FGKFX. Their correlation of 0.95 suggests significant overlap in exposure. FNITX charges 1.18%/yr vs 0.45%/yr for FGKFX.

Performance

FNITX vs. FGKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Growth Company K6 Fund (FGKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNITX achieves a 11.69% return, which is significantly lower than FGKFX's 22.73% return.

FNITX

• 1D: -1.91%
• 1M: 3.45%
• YTD: 11.69%
• 6M: 10.71%
• 1Y: 27.56%
• 3Y*: 27.47%
• 5Y*: 15.00%
• 10Y*: 16.83%

FGKFX

• 1D: -1.20%
• 1M: 1.38%
• YTD: 22.73%
• 6M: 16.53%
• 1Y: 48.45%
• 3Y*: 31.24%
• 5Y*: 16.32%
• 10Y*: —

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

FNITX vs. FGKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNITX Fidelity Advisor New Insights Fund Class M	11.69%	22.36%	34.61%	35.61%	-26.67%	24.10%	23.30%	8.91%
FGKFX Fidelity Growth Company K6 Fund	22.73%	21.67%	35.46%	46.02%	-32.62%	22.06%	68.76%	15.07%

Correlation

The correlation between FNITX and FGKFX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.95

The correlation between FNITX and FGKFX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

FNITX vs. FGKFX — Risk / Return Rank

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

FNITX

FNITX Risk / Return Rank: 52
FNITX Sharpe Ratio Rank: 47
FNITX Sortino Ratio Rank: 44
FNITX Omega Ratio Rank: 45
FNITX Calmar Ratio Rank: 57
FNITX Martin Ratio Rank: 65

FGKFX

FGKFX Risk / Return Rank: 81
FGKFX Sharpe Ratio Rank: 84
FGKFX Sortino Ratio Rank: 68
FGKFX Omega Ratio Rank: 70
FGKFX Calmar Ratio Rank: 91
FGKFX Martin Ratio Rank: 91

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.

FNITX vs. FGKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Growth Company K6 Fund (FGKFX). 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.

	FNITX	FGKFX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.53	-0.66
Sortino ratio: Return per unit of downside risk	2.57	3.14	-0.56
Omega ratio: Gain probability vs. loss probability	1.34	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.77	4.40	-1.63
Martin ratio: Return relative to average drawdown	12.02	17.06	-5.04

FNITX vs. FGKFX - Sharpe Ratio Comparison

The current FNITX Sharpe Ratio is 1.87, which is comparable to the FGKFX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FNITX and FGKFX, 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

FNITX vs. FGKFX - Drawdown Comparison

The maximum FNITX drawdown since its inception was -49.84%, which is greater than FGKFX's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for FNITX and FGKFX.

Drawdown Indicators

	FNITX	FGKFX	Difference
Max Drawdown Largest peak-to-trough decline	-49.84%	-40.14%	-9.70%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-11.40%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-20.11%	-27.38%	+7.27%
Max Drawdown (5Y) Largest decline over 5 years	-32.06%	-40.14%	+8.08%
Max Drawdown (10Y) Largest decline over 10 years	-32.06%	—	—
Current Drawdown Current decline from peak	-2.36%	-1.75%	-0.61%
Average Drawdown Average peak-to-trough decline	-7.32%	-9.96%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.93%	-0.53%

Volatility

FNITX vs. FGKFX - Volatility Comparison

The current volatility for Fidelity Advisor New Insights Fund Class M (FNITX) is 6.87%, while Fidelity Growth Company K6 Fund (FGKFX) has a volatility of 7.66%. This indicates that FNITX experiences smaller price fluctuations and is considered to be less risky than FGKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNITX	FGKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	7.66%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	15.78%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	19.83%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	24.33%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	25.79%	-6.41%

FNITX vs. FGKFX - Expense Ratio Comparison

FNITX has a 1.18% expense ratio, which is higher than FGKFX's 0.45% expense ratio.

Dividends

FNITX vs. FGKFX - Dividend Comparison

FNITX's dividend yield for the trailing twelve months is around 9.16%, while FGKFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGKFX Fidelity Growth Company K6 Fund	0.00%	0.00%	0.00%	0.10%	0.18%	2.64%	0.93%	0.06%	0.00%	0.00%	0.00%	0.00%
FNITX Fidelity Advisor New Insights Fund Class M	9.16%	11.08%	6.33%	6.43%	18.00%	13.42%	8.54%	6.62%	14.33%	7.86%	4.99%	4.45%

Frequently Asked Questions

Can I hold both FNITX and FGKFX in my portfolio?

With a correlation of 0.91, FNITX and FGKFX 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, FNITX or FGKFX?

FGKFX has higher volatility (7.66%) compared to FNITX (6.87%). In terms of maximum drawdown, FNITX dropped -49.84% vs FGKFX's -40.14%.

Which has better risk-adjusted returns?

FGKFX currently has the higher Sharpe Ratio (2.53 vs 1.87), 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.