FNKFX vs. FSKGX

Last updated Jun 24, 2026

FNKFX (Fidelity Mid-Cap Stock K6 Fund) and FSKGX (Fidelity Growth Strategies K6 Fund) are both mutual funds - FNKFX is a Mid Cap Blend Equities fund managed by Fidelity, while FSKGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FNKFX returned 12.64%/yr vs 8.23%/yr for FSKGX. A 0.79 correlation means they provide meaningful diversification when combined. FNKFX charges 0.52%/yr vs 0.45%/yr for FSKGX.

Performance

FNKFX vs. FSKGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid-Cap Stock K6 Fund (FNKFX) and Fidelity Growth Strategies K6 Fund (FSKGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNKFX achieves a 18.97% return, which is significantly higher than FSKGX's 14.97% return.

FNKFX

• 1D: 0.71%
• 1M: 3.87%
• YTD: 18.97%
• 6M: 16.69%
• 1Y: 31.22%
• 3Y*: 21.19%
• 5Y*: 12.64%
• 10Y*: —

FSKGX

• 1D: 0.73%
• 1M: 6.47%
• YTD: 14.97%
• 6M: 7.40%
• 1Y: 12.80%
• 3Y*: 17.99%
• 5Y*: 8.23%
• 10Y*: —

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

FNKFX vs. FSKGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNKFX Fidelity Mid-Cap Stock K6 Fund	18.97%	11.07%	21.99%	11.55%	-5.98%	27.16%	11.27%	8.97%
FSKGX Fidelity Growth Strategies K6 Fund	14.97%	7.82%	20.04%	21.58%	-26.20%	21.62%	29.50%	11.18%

Correlation

The correlation between FNKFX and FSKGX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.79

The correlation between FNKFX and FSKGX shifts across timeframes, from 0.79 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FNKFX vs. FSKGX — Risk / Return Rank

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

FNKFX

FNKFX Risk / Return Rank: 64
FNKFX Sharpe Ratio Rank: 54
FNKFX Sortino Ratio Rank: 53
FNKFX Omega Ratio Rank: 48
FNKFX Calmar Ratio Rank: 84
FNKFX Martin Ratio Rank: 83

FSKGX

FSKGX Risk / Return Rank: 9
FSKGX Sharpe Ratio Rank: 8
FSKGX Sortino Ratio Rank: 9
FSKGX Omega Ratio Rank: 8
FSKGX Calmar Ratio Rank: 9
FSKGX Martin Ratio Rank: 9

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.

FNKFX vs. FSKGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock K6 Fund (FNKFX) and Fidelity Growth Strategies K6 Fund (FSKGX). 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.

	FNKFX	FSKGX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.66	+1.34
Sortino ratio: Return per unit of downside risk	2.80	1.04	+1.76
Omega ratio: Gain probability vs. loss probability	1.35	1.13	+0.22
Calmar ratio: Return relative to maximum drawdown	3.79	0.86	+2.93
Martin ratio: Return relative to average drawdown	14.52	2.54	+11.98

FNKFX vs. FSKGX - Sharpe Ratio Comparison

The current FNKFX Sharpe Ratio is 2.00, which is higher than the FSKGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FNKFX and FSKGX, 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

FNKFX vs. FSKGX - Drawdown Comparison

The maximum FNKFX drawdown since its inception was -41.25%, which is greater than FSKGX's maximum drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for FNKFX and FSKGX.

Drawdown Indicators

	FNKFX	FSKGX	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-36.51%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-16.39%	+7.72%
Max Drawdown (3Y) Largest decline over 3 years	-21.86%	-29.47%	+7.61%
Max Drawdown (5Y) Largest decline over 5 years	-21.86%	-36.51%	+14.65%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.95%	-8.92%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	5.52%	-3.27%

Volatility

FNKFX vs. FSKGX - Volatility Comparison

The current volatility for Fidelity Mid-Cap Stock K6 Fund (FNKFX) is 5.52%, while Fidelity Growth Strategies K6 Fund (FSKGX) has a volatility of 7.35%. This indicates that FNKFX experiences smaller price fluctuations and is considered to be less risky than FSKGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNKFX	FSKGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	7.35%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	17.92%	-4.86%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	21.41%	-4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	23.19%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	22.85%	-0.89%

FNKFX vs. FSKGX - Expense Ratio Comparison

FNKFX has a 0.52% expense ratio, which is higher than FSKGX's 0.45% expense ratio.

Dividends

FNKFX vs. FSKGX - Dividend Comparison

FNKFX's dividend yield for the trailing twelve months is around 3.85%, while FSKGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNKFX Fidelity Mid-Cap Stock K6 Fund	3.85%	0.59%	12.35%	0.99%	2.91%	4.03%	1.45%	0.52%	0.00%	0.00%
FSKGX Fidelity Growth Strategies K6 Fund	0.00%	0.00%	0.00%	1.37%	0.27%	26.04%	2.53%	0.50%	0.85%	0.30%

Frequently Asked Questions

Can I hold both FNKFX and FSKGX in my portfolio?

FNKFX and FSKGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNKFX or FSKGX?

FSKGX has higher volatility (7.35%) compared to FNKFX (5.52%). In terms of maximum drawdown, FNKFX dropped -41.25% vs FSKGX's -36.51%.

Which has better risk-adjusted returns?

FNKFX currently has the higher Sharpe Ratio (2.00 vs 0.66), 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.