FTQGX vs. FXAIX

Last updated Jun 4, 2026

FTQGX (Fidelity Focused Stock Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FTQGX is a Large Cap Growth Equities fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FTQGX returned 19.07%/yr vs 15.66%/yr for FXAIX. Their correlation of 0.92 suggests significant overlap in exposure. FTQGX charges 0.86%/yr vs 0.02%/yr for FXAIX.

Performance

FTQGX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Focused Stock Fund (FTQGX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTQGX achieves a 26.34% return, which is significantly higher than FXAIX's 11.71% return. Over the past 10 years, FTQGX has outperformed FXAIX with an annualized return of 19.07%, while FXAIX has yielded a comparatively lower 15.66% annualized return.

FTQGX

• 1D: 1.30%
• 1M: 10.43%
• YTD: 26.34%
• 6M: 25.73%
• 1Y: 52.54%
• 3Y*: 30.42%
• 5Y*: 16.78%
• 10Y*: 19.07%

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

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

FTQGX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTQGX Fidelity Focused Stock Fund	26.34%	13.65%	36.95%	28.94%	-26.68%	26.91%	33.41%	31.44%	4.90%	30.66%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between FTQGX and FXAIX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 5, 2011	0.92

The correlation between FTQGX and FXAIX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

FTQGX vs. FXAIX — Risk / Return Rank

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

FTQGX

FTQGX Risk / Return Rank: 80
FTQGX Sharpe Ratio Rank: 84
FTQGX Sortino Ratio Rank: 69
FTQGX Omega Ratio Rank: 67
FTQGX Calmar Ratio Rank: 87
FTQGX Martin Ratio Rank: 90

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX 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.

FTQGX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused Stock Fund (FTQGX) and Fidelity 500 Index Fund (FXAIX). 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.

	FTQGX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.52	+0.20
Sortino ratio: Return per unit of downside risk	3.47	3.42	+0.04
Omega ratio: Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio: Return relative to maximum drawdown	4.24	3.36	+0.88
Martin ratio: Return relative to average drawdown	18.25	15.70	+2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTQGX vs. FXAIX - Sharpe Ratio Comparison

The current FTQGX Sharpe Ratio is 2.72, which is comparable to the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FTQGX and FXAIX, 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

	FTQGX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	2.52	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.85	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.87	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.82	-0.31

Drawdowns

FTQGX vs. FXAIX - Drawdown Comparison

The maximum FTQGX drawdown since its inception was -61.29%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FTQGX and FXAIX.

Drawdown Indicators

	FTQGX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.29%	-33.79%	-27.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-8.89%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	-26.84%	-18.76%	-8.08%
Max Drawdown (5Y) Largest decline over 5 years	-32.31%	-24.50%	-7.81%
Max Drawdown (10Y) Largest decline over 10 years	-32.31%	-33.79%	+1.48%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-14.19%	-3.79%	-10.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	1.90%	+1.06%

Volatility

FTQGX vs. FXAIX - Volatility Comparison

Fidelity Focused Stock Fund (FTQGX) has a higher volatility of 7.14% compared to Fidelity 500 Index Fund (FXAIX) at 2.83%. This indicates that FTQGX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTQGX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	2.83%	+4.31%
Volatility (6M) Calculated over the trailing 6-month period	15.42%	8.97%	+6.45%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	11.86%	+8.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	16.91%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	18.07%	+3.50%

FTQGX vs. FXAIX - Expense Ratio Comparison

FTQGX has a 0.86% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

FTQGX vs. FXAIX - Dividend Comparison

FTQGX's dividend yield for the trailing twelve months is around 9.85%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQGX Fidelity Focused Stock Fund	9.85%	12.44%	9.94%	0.61%	7.96%	13.53%	11.41%	5.07%	14.71%	5.89%	1.08%	5.91%
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both FTQGX and FXAIX in my portfolio?

FTQGX and FXAIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTQGX or FXAIX?

FTQGX has higher volatility (7.14%) compared to FXAIX (2.83%). In terms of maximum drawdown, FTQGX dropped -61.29% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FTQGX currently has the higher Sharpe Ratio (2.72 vs 2.52), 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.