PINDX vs. FNIAX

Last updated Jun 23, 2026

PINDX (Pioneer Disciplined Growth Fund) and FNIAX (Fidelity Advisor New Insights Fund Class A) are both Large Cap Growth Equities funds. Over the past 10 years, PINDX returned 16.52%/yr vs 16.88%/yr for FNIAX. Their correlation of 0.91 suggests significant overlap in exposure. PINDX charges 1.05%/yr vs 0.93%/yr for FNIAX.

Performance

PINDX vs. FNIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Disciplined Growth Fund (PINDX) and Fidelity Advisor New Insights Fund Class A (FNIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINDX achieves a 9.09% return, which is significantly lower than FNIAX's 13.98% return. Both investments have delivered pretty close results over the past 10 years, with PINDX having a 16.52% annualized return and FNIAX not far ahead at 16.88%.

PINDX

• 1D: 1.76%
• 1M: 0.00%
• YTD: 9.09%
• 6M: 8.63%
• 1Y: 27.65%
• 3Y*: 19.96%
• 5Y*: 13.02%
• 10Y*: 16.52%

FNIAX

• 1D: 1.10%
• 1M: 5.47%
• YTD: 13.98%
• 6M: 13.71%
• 1Y: 31.64%
• 3Y*: 27.82%
• 5Y*: 15.83%
• 10Y*: 16.88%

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

PINDX vs. FNIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PINDX Pioneer Disciplined Growth Fund	9.09%	21.16%	19.33%	28.67%	-21.49%	25.59%	34.78%	35.61%	-5.08%	26.41%
FNIAX Fidelity Advisor New Insights Fund Class A	13.98%	21.17%	34.94%	35.97%	-26.57%	24.40%	23.62%	29.17%	-4.67%	28.07%

Correlation

The correlation between PINDX and FNIAX is 0.87, 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	0.87
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	0.92
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003	0.91

The correlation between PINDX and FNIAX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

PINDX vs. FNIAX — Risk / Return Rank

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

PINDX

PINDX Risk / Return Rank: 30
PINDX Sharpe Ratio Rank: 33
PINDX Sortino Ratio Rank: 30
PINDX Omega Ratio Rank: 30
PINDX Calmar Ratio Rank: 27
PINDX Martin Ratio Rank: 28

FNIAX

FNIAX Risk / Return Rank: 60
FNIAX Sharpe Ratio Rank: 56
FNIAX Sortino Ratio Rank: 52
FNIAX Omega Ratio Rank: 52
FNIAX Calmar Ratio Rank: 66
FNIAX Martin Ratio Rank: 73

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.

PINDX vs. FNIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Disciplined Growth Fund (PINDX) and Fidelity Advisor New Insights Fund Class A (FNIAX). 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.

	PINDX	FNIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.03	-0.49
Sortino ratio: Return per unit of downside risk	2.12	2.78	-0.66
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.09
Calmar ratio: Return relative to maximum drawdown	1.82	2.99	-1.17
Martin ratio: Return relative to average drawdown	6.10	13.01	-6.90

PINDX vs. FNIAX - Sharpe Ratio Comparison

The current PINDX Sharpe Ratio is 1.54, which is comparable to the FNIAX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of PINDX and FNIAX, 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

PINDX vs. FNIAX - Drawdown Comparison

The maximum PINDX drawdown since its inception was -52.37%, which is greater than FNIAX's maximum drawdown of -49.69%. Use the drawdown chart below to compare losses from any high point for PINDX and FNIAX.

Drawdown Indicators

	PINDX	FNIAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.37%	-49.69%	-2.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-10.41%	-4.23%
Max Drawdown (3Y) Largest decline over 3 years	-23.52%	-20.61%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	-28.77%	-31.98%	+3.21%
Max Drawdown (10Y) Largest decline over 10 years	-29.82%	-31.98%	+2.16%
Current Drawdown Current decline from peak	-2.81%	-0.46%	-2.35%
Average Drawdown Average peak-to-trough decline	-11.46%	-7.22%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	2.39%	+1.97%

Volatility

PINDX vs. FNIAX - Volatility Comparison

Pioneer Disciplined Growth Fund (PINDX) and Fidelity Advisor New Insights Fund Class A (FNIAX) have volatilities of 6.26% and 6.57%, 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.

Volatility by Period

	PINDX	FNIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	6.57%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	12.23%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	15.36%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	19.24%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	19.37%	+0.23%

PINDX vs. FNIAX - Expense Ratio Comparison

PINDX has a 1.05% expense ratio, which is higher than FNIAX's 0.93% expense ratio.

Dividends

PINDX vs. FNIAX - Dividend Comparison

PINDX's dividend yield for the trailing twelve months is around 4.14%, less than FNIAX's 8.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNIAX Fidelity Advisor New Insights Fund Class A	8.20%	8.96%	5.85%	6.18%	17.12%	12.66%	8.14%	6.48%	13.78%	7.61%	4.99%	4.40%
PINDX Pioneer Disciplined Growth Fund	4.14%	4.51%	6.34%	0.17%	7.23%	33.14%	27.35%	5.20%	26.83%	12.86%	8.57%	6.14%

Frequently Asked Questions

Can I hold both PINDX and FNIAX in my portfolio?

PINDX and FNIAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINDX or FNIAX?

FNIAX has higher volatility (6.57%) compared to PINDX (6.26%). In terms of maximum drawdown, PINDX dropped -52.37% vs FNIAX's -49.69%.

Which has better risk-adjusted returns?

FNIAX currently has the higher Sharpe Ratio (2.03 vs 1.54), 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.