FTGRX vs. PAGRX

Last updated Aug 1, 2026

FTGRX (Fidelity Advisor Mega Cap Stock Fund Class M) and PAGRX (Permanent Portfolio Aggressive Growth Portfolio Class I) are both Large Cap Blend Equities funds. Over the past 10 years, FTGRX returned 15.63%/yr vs 19.45%/yr for PAGRX. Their correlation of 0.90 means they have usually moved in the same direction. FTGRX charges 1.15%/yr vs 1.10%/yr for PAGRX.

Performance

FTGRX vs. PAGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) and Permanent Portfolio Aggressive Growth Portfolio Class I (PAGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTGRX achieves a 10.36% return, which is significantly higher than PAGRX's 6.91% return. Over the past 10 years, FTGRX has underperformed PAGRX with an annualized return of 15.63%, while PAGRX has yielded a comparatively higher 19.45% annualized return.

FTGRX

• 1D: 2.11%
• 1M: 0.15%
• 6M: 7.11%
• YTD: 10.36%
• 1Y: 22.84%
• 3Y*: 22.17%
• 5Y*: 15.79%
• 10Y*: 15.63%
• ALL TIME*: 11.50%

PAGRX

• 1D: 1.18%
• 1M: -3.14%
• 6M: 3.47%
• YTD: 6.91%
• 1Y: 24.64%
• 3Y*: 31.22%
• 5Y*: 17.53%
• 10Y*: 19.45%
• ALL TIME*: 12.16%

*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)
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	$0.00	$0.00	$0.00
PAGRX Permanent Portfolio Aggressive Growth Portfolio Class I	$0.00	$0.00	$0.00

FTGRX vs. PAGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	10.36%	26.22%	25.36%	25.83%	-9.51%	25.63%	12.30%	30.47%	-7.95%	17.25%
PAGRX Permanent Portfolio Aggressive Growth Portfolio Class I	6.91%	36.92%	44.52%	38.73%	-26.06%	24.84%	37.65%	40.34%	-12.41%	21.19%

Correlation

The correlation between FTGRX and PAGRX is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008	0.90

The correlation between FTGRX and PAGRX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

Return for Risk

FTGRX vs. PAGRX — Risk / Return Rank

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

FTGRX

FTGRX Risk / Return Rank: 68
FTGRX Sharpe Ratio Rank: 67
FTGRX Sortino Ratio Rank: 64
FTGRX Omega Ratio Rank: 62
FTGRX Calmar Ratio Rank: 68
FTGRX Martin Ratio Rank: 79

PAGRX

PAGRX Risk / Return Rank: 49
PAGRX Sharpe Ratio Rank: 42
PAGRX Sortino Ratio Rank: 40
PAGRX Omega Ratio Rank: 39
PAGRX Calmar Ratio Rank: 74
PAGRX Martin Ratio Rank: 52

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.

FTGRX vs. PAGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) and Permanent Portfolio Aggressive Growth Portfolio Class I (PAGRX). 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.

	FTGRX	PAGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.19	+0.42
Sortino ratio: Return per unit of downside risk	2.27	1.69	+0.58
Omega ratio: Gain probability vs. loss probability	1.29	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	2.27	2.34	-0.07
Martin ratio: Return relative to average drawdown	9.81	6.90	+2.91

FTGRX vs. PAGRX - Sharpe Ratio Comparison

The current FTGRX Sharpe Ratio is 1.60, which is higher than the PAGRX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FTGRX and PAGRX, 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

FTGRX vs. PAGRX - Drawdown Comparison

The maximum FTGRX drawdown since its inception was -52.75%, smaller than the maximum PAGRX drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for FTGRX and PAGRX.

Drawdown Indicators

	FTGRX	PAGRX	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	-55.87%	+3.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-9.16%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-26.34%	+7.80%
Max Drawdown (5Y) Largest decline over 5 years	-23.63%	-36.52%	+12.89%
Max Drawdown (10Y) Largest decline over 10 years	-35.31%	-38.01%	+2.70%
Current Drawdown Current decline from peak	-1.43%	-8.09%	+6.66%
Average Drawdown Average peak-to-trough decline	-6.74%	-10.03%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	3.11%	-1.01%

Volatility

FTGRX vs. PAGRX - Volatility Comparison

The current volatility for Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) is 3.59%, while Permanent Portfolio Aggressive Growth Portfolio Class I (PAGRX) has a volatility of 4.20%. This indicates that FTGRX experiences smaller price fluctuations and is considered to be less risky than PAGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTGRX	PAGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.20%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	13.89%	-3.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	18.12%	-5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	24.54%	-7.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	24.48%	-6.39%

FTGRX vs. PAGRX - Expense Ratio Comparison

FTGRX has a 1.15% expense ratio, which is higher than PAGRX's 1.10% expense ratio.

Dividends

FTGRX vs. PAGRX - Dividend Comparison

FTGRX's dividend yield for the trailing twelve months is around 3.12%, more than PAGRX's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	3.12%	3.44%	2.20%	1.60%	3.88%	4.34%	7.59%	12.62%	21.28%	15.95%	1.52%	3.66%
PAGRX Permanent Portfolio Aggressive Growth Portfolio Class I	0.03%	0.03%	5.62%	2.72%	7.79%	6.82%	15.08%	17.51%	12.33%	8.70%	16.94%	6.31%

Frequently Asked Questions

Can I hold both FTGRX and PAGRX in my portfolio?

FTGRX and PAGRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTGRX or PAGRX?

PAGRX has higher volatility (4.20%) compared to FTGRX (3.59%). In terms of maximum drawdown, FTGRX dropped -52.75% vs PAGRX's -55.87%.

Which has better risk-adjusted returns?

FTGRX currently has the higher Sharpe Ratio (1.60 vs 1.19), 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.