FSCEX vs. FBGRX

Last updated Jun 4, 2026

FSCEX (Fidelity Advisor Small Cap Fund Class C) and FBGRX (Fidelity Blue Chip Growth Fund) are both mutual funds - FSCEX is a Small Cap Blend Equities fund managed by Fidelity, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FSCEX returned 7.87%/yr vs 21.88%/yr for FBGRX. Their correlation of 0.81 suggests significant overlap in exposure. FSCEX charges 2.04%/yr vs 0.79%/yr for FBGRX.

Performance

FSCEX vs. FBGRX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FSCEX having a 17.99% return and FBGRX slightly higher at 18.56%. Over the past 10 years, FSCEX has underperformed FBGRX with an annualized return of 7.87%, while FBGRX has yielded a comparatively higher 21.88% annualized return.

FSCEX

• 1D: 1.01%
• 1M: 2.91%
• YTD: 17.99%
• 6M: 16.14%
• 1Y: 36.53%
• 3Y*: 9.30%
• 5Y*: 3.24%
• 10Y*: 7.87%

FBGRX

• 1D: 0.76%
• 1M: 9.10%
• YTD: 18.56%
• 6M: 19.76%
• 1Y: 44.98%
• 3Y*: 32.54%
• 5Y*: 17.08%
• 10Y*: 21.88%

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

FSCEX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCEX Fidelity Advisor Small Cap Fund Class C	17.99%	11.04%	-11.92%	17.31%	-21.33%	30.13%	16.12%	31.37%	-16.86%	12.93%
FBGRX Fidelity Blue Chip Growth Fund	18.56%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FSCEX and FBGRX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 10, 1998	0.81

Over the past year, the correlation between FSCEX and FBGRX has dropped to 0.60 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FSCEX vs. FBGRX — Risk / Return Rank

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

FSCEX

FSCEX Risk / Return Rank: 66
FSCEX Sharpe Ratio Rank: 57
FSCEX Sortino Ratio Rank: 56
FSCEX Omega Ratio Rank: 47
FSCEX Calmar Ratio Rank: 86
FSCEX Martin Ratio Rank: 83

FBGRX

FBGRX Risk / Return Rank: 75
FBGRX Sharpe Ratio Rank: 83
FBGRX Sortino Ratio Rank: 67
FBGRX Omega Ratio Rank: 65
FBGRX Calmar Ratio Rank: 80
FBGRX Martin Ratio Rank: 83

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.

FSCEX vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Fund Class C (FSCEX) 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.

	FSCEX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.67	-0.45
Sortino ratio: Return per unit of downside risk	3.14	3.41	-0.27
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	4.17	3.67	+0.50
Martin ratio: Return relative to average drawdown	15.63	15.56	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSCEX vs. FBGRX - Sharpe Ratio Comparison

The current FSCEX Sharpe Ratio is 2.21, which is comparable to the FBGRX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of FSCEX and FBGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSCEX	FBGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.67	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.69	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.93	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.68	-0.28

Drawdowns

FSCEX vs. FBGRX - Drawdown Comparison

The maximum FSCEX drawdown since its inception was -51.02%, smaller than the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FSCEX and FBGRX.

Drawdown Indicators

	FSCEX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-51.02%	-58.64%	+7.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.37%	-12.65%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-41.37%	-27.07%	-14.30%
Max Drawdown (5Y) Largest decline over 5 years	-41.37%	-43.08%	+1.71%
Max Drawdown (10Y) Largest decline over 10 years	-41.37%	-43.08%	+1.71%
Current Drawdown Current decline from peak	-4.97%	0.00%	-4.97%
Average Drawdown Average peak-to-trough decline	-12.70%	-12.53%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.98%	-0.48%

Volatility

FSCEX vs. FBGRX - Volatility Comparison

Fidelity Advisor Small Cap Fund Class C (FSCEX) has a higher volatility of 5.57% compared to Fidelity Blue Chip Growth Fund (FBGRX) at 4.14%. This indicates that FSCEX's price experiences larger fluctuations and is considered to be riskier than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCEX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	4.14%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	13.00%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	17.67%	17.44%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.27%	24.88%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	23.69%	-1.13%

FSCEX vs. FBGRX - Expense Ratio Comparison

FSCEX has a 2.04% expense ratio, which is higher than FBGRX's 0.79% expense ratio.

Dividends

FSCEX vs. FBGRX - Dividend Comparison

FSCEX's dividend yield for the trailing twelve months is around 3.03%, more than FBGRX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.60%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FSCEX Fidelity Advisor Small Cap Fund Class C	3.03%	3.58%	0.00%	2.23%	8.66%	16.35%	3.97%	5.72%	20.54%	18.60%	2.60%	10.50%

Frequently Asked Questions

Can I hold both FSCEX and FBGRX in my portfolio?

FSCEX and FBGRX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCEX or FBGRX?

FSCEX has higher volatility (5.57%) compared to FBGRX (4.14%). In terms of maximum drawdown, FSCEX dropped -51.02% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (2.67 vs 2.21), 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.