TORYX vs. FDGKX

Last updated Jun 23, 2026

TORYX (Torray Fund) and FDGKX (Fidelity Dividend Growth Fund Class K) are both Large Cap Value Equities funds. Over the past 10 years, TORYX returned 9.43%/yr vs 13.93%/yr for FDGKX. Their correlation of 0.89 suggests significant overlap in exposure. TORYX charges 1.07%/yr vs 0.38%/yr for FDGKX.

Performance

TORYX vs. FDGKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Torray Fund (TORYX) and Fidelity Dividend Growth Fund Class K (FDGKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TORYX achieves a 9.90% return, which is significantly lower than FDGKX's 18.57% return. Over the past 10 years, TORYX has underperformed FDGKX with an annualized return of 9.43%, while FDGKX has yielded a comparatively higher 13.93% annualized return.

TORYX

• 1D: -0.46%
• 1M: -1.77%
• YTD: 9.90%
• 6M: 9.21%
• 1Y: 20.72%
• 3Y*: 16.42%
• 5Y*: 11.43%
• 10Y*: 9.43%

FDGKX

• 1D: 1.72%
• 1M: 3.27%
• YTD: 18.57%
• 6M: 15.37%
• 1Y: 37.00%
• 3Y*: 24.82%
• 5Y*: 15.76%
• 10Y*: 13.93%

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

TORYX vs. FDGKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TORYX Torray Fund	9.90%	14.89%	13.77%	12.57%	-0.69%	21.40%	-2.45%	19.89%	-10.59%	12.07%
FDGKX Fidelity Dividend Growth Fund Class K	18.57%	19.47%	24.72%	18.00%	-11.54%	28.10%	2.31%	28.84%	-7.09%	18.03%

Correlation

The correlation between TORYX and FDGKX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 15, 2008	0.89

Over the past year, the correlation between TORYX and FDGKX has dropped to 0.54 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

TORYX vs. FDGKX — Risk / Return Rank

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

TORYX

TORYX Risk / Return Rank: 64
TORYX Sharpe Ratio Rank: 49
TORYX Sortino Ratio Rank: 53
TORYX Omega Ratio Rank: 44
TORYX Calmar Ratio Rank: 92
TORYX Martin Ratio Rank: 79

FDGKX

FDGKX Risk / Return Rank: 80
FDGKX Sharpe Ratio Rank: 83
FDGKX Sortino Ratio Rank: 74
FDGKX Omega Ratio Rank: 74
FDGKX Calmar Ratio Rank: 83
FDGKX Martin Ratio Rank: 88

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.

TORYX vs. FDGKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Torray Fund (TORYX) and Fidelity Dividend Growth Fund Class K (FDGKX). 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.

	TORYX	FDGKX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.49	-0.58
Sortino ratio: Return per unit of downside risk	2.82	3.26	-0.44
Omega ratio: Gain probability vs. loss probability	1.33	1.44	-0.11
Calmar ratio: Return relative to maximum drawdown	4.67	3.62	+1.05
Martin ratio: Return relative to average drawdown	13.65	15.63	-1.97

TORYX vs. FDGKX - Sharpe Ratio Comparison

The current TORYX Sharpe Ratio is 1.91, which is comparable to the FDGKX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of TORYX and FDGKX, 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

TORYX vs. FDGKX - Drawdown Comparison

The maximum TORYX drawdown since its inception was -56.55%, which is greater than FDGKX's maximum drawdown of -53.34%. Use the drawdown chart below to compare losses from any high point for TORYX and FDGKX.

Drawdown Indicators

	TORYX	FDGKX	Difference
Max Drawdown Largest peak-to-trough decline	-56.55%	-53.34%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	-10.15%	+5.65%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-21.35%	+6.71%
Max Drawdown (5Y) Largest decline over 5 years	-16.53%	-21.35%	+4.82%
Max Drawdown (10Y) Largest decline over 10 years	-38.31%	-41.28%	+2.97%
Current Drawdown Current decline from peak	-3.37%	0.00%	-3.37%
Average Drawdown Average peak-to-trough decline	-7.33%	-6.53%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	2.34%	-0.80%

Volatility

TORYX vs. FDGKX - Volatility Comparison

The current volatility for Torray Fund (TORYX) is 3.76%, while Fidelity Dividend Growth Fund Class K (FDGKX) has a volatility of 6.07%. This indicates that TORYX experiences smaller price fluctuations and is considered to be less risky than FDGKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TORYX	FDGKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	6.07%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	12.15%	-4.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.03%	14.77%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	16.85%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	19.34%	-1.72%

TORYX vs. FDGKX - Expense Ratio Comparison

TORYX has a 1.07% expense ratio, which is higher than FDGKX's 0.38% expense ratio.

Dividends

TORYX vs. FDGKX - Dividend Comparison

TORYX's dividend yield for the trailing twelve months is around 30.07%, more than FDGKX's 5.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGKX Fidelity Dividend Growth Fund Class K	5.92%	6.82%	7.46%	3.57%	11.59%	7.90%	1.98%	4.95%	23.08%	15.37%	1.70%	8.50%
TORYX Torray Fund	30.07%	32.38%	7.32%	6.47%	10.55%	10.80%	3.22%	2.66%	2.21%	7.34%	8.93%	4.30%

Frequently Asked Questions

Can I hold both TORYX and FDGKX in my portfolio?

TORYX and FDGKX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TORYX or FDGKX?

FDGKX has higher volatility (6.07%) compared to TORYX (3.76%). In terms of maximum drawdown, TORYX dropped -56.55% vs FDGKX's -53.34%.

Which has better risk-adjusted returns?

FDGKX currently has the higher Sharpe Ratio (2.49 vs 1.91), 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.