FZAFX vs. FDGRX
FZAFX (Fidelity Advisor Equity Growth Fund Class Z) and FDGRX (Fidelity Growth Company Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FZAFX returned 16.91%/yr vs 21.52%/yr for FDGRX. Their 0.96 correlation means they have historically moved very closely together. FZAFX charges 0.60%/yr vs 0.52%/yr for FDGRX.
Performance
FZAFX vs. FDGRX - Performance Comparison
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Returns By Period
In the year-to-date period, FZAFX achieves a 6.27% return, which is significantly lower than FDGRX's 15.01% return. Over the past 10 years, FZAFX has underperformed FDGRX with an annualized return of 16.91%, while FDGRX has yielded a comparatively higher 21.52% annualized return.
FZAFX
- 1D
- 2.82%
- 1M
- -3.42%
- 6M
- 5.15%
- YTD
- 6.27%
- 1Y
- 13.60%
- 3Y*
- 15.34%
- 5Y*
- 9.52%
- 10Y*
- 16.91%
- ALL TIME*
- 15.63%
FDGRX
- 1D
- 2.88%
- 1M
- -4.50%
- 6M
- 12.24%
- YTD
- 15.01%
- 1Y
- 27.79%
- 3Y*
- 25.32%
- 5Y*
- 13.97%
- 10Y*
- 21.52%
- ALL TIME*
- 14.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FZAFX vs. FDGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAFX Fidelity Advisor Equity Growth Fund Class Z | 6.27% | 14.68% | 18.15% | 35.80% | -24.36% | 23.09% | 43.86% | 35.68% | 0.36% | 35.37% |
FDGRX Fidelity Growth Company Fund | 15.01% | 18.54% | 37.18% | 47.25% | -33.86% | 22.57% | 67.42% | 38.40% | -4.14% | 36.76% |
Correlation
The correlation between FZAFX and FDGRX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013 | 0.96 |
The correlation between FZAFX and FDGRX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FZAFX vs. FDGRX — Risk / Return Rank
FZAFX
FDGRX
FZAFX vs. FDGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and Fidelity Growth Company Fund (FDGRX). 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.
| FZAFX | FDGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.04 | -1.16 |
| Martin ratioReturn relative to average drawdown | 2.86 | 6.83 | -3.97 |
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Drawdowns
FZAFX vs. FDGRX - Drawdown Comparison
The maximum FZAFX drawdown since its inception was -31.13%, smaller than the maximum FDGRX drawdown of -71.62%. Use the drawdown chart below to compare losses from any high point for FZAFX and FDGRX.
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Drawdown Indicators
| FZAFX | FDGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -71.62% | +40.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -12.60% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -29.19% | -26.19% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.73% | -40.25% | +10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -31.13% | -40.25% | +9.12% |
Current DrawdownCurrent decline from peak | -8.01% | -7.06% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -15.86% | +10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.74% | +0.11% |
Volatility
FZAFX vs. FDGRX - Volatility Comparison
Fidelity Advisor Equity Growth Fund Class Z (FZAFX) and Fidelity Growth Company Fund (FDGRX) have volatilities of 6.49% and 6.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAFX | FDGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 6.23% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.40% | 15.89% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 20.62% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 24.26% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 23.50% | -2.58% |
FZAFX vs. FDGRX - Expense Ratio Comparison
FZAFX has a 0.60% expense ratio, which is higher than FDGRX's 0.52% expense ratio.
Dividends
FZAFX vs. FDGRX - Dividend Comparison
FZAFX's dividend yield for the trailing twelve months is around 0.48%, while FDGRX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGRX Fidelity Growth Company Fund | 0.00% | 0.00% | 8.86% | 3.83% | 7.20% | 10.67% | 8.86% | 3.84% | 6.38% | 4.73% | 6.16% | 3.92% |
FZAFX Fidelity Advisor Equity Growth Fund Class Z | 0.48% | 0.51% | 0.00% | 0.48% | 1.93% | 11.39% | 10.84% | 9.53% | 6.38% | 11.66% | 5.87% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, FZAFX and FDGRX 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.
FZAFX has higher volatility (6.49%) compared to FDGRX (6.23%). In terms of maximum drawdown, FZAFX dropped -31.13% vs FDGRX's -71.62%.
FDGRX currently has the higher Sharpe Ratio (1.24 vs 0.59), 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.
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