AGRDX vs. FGRTX

Last updated Jun 5, 2026

AGRDX (JPMorgan Research Enhanced Equity Fund Class R6) and FGRTX (Fidelity Mega Cap Stock Fund) are both Large Cap Blend Equities funds. Over the past 10 years, AGRDX returned 17.11%/yr vs 16.36%/yr for FGRTX. Their correlation of 0.83 suggests significant overlap in exposure. AGRDX charges 0.25%/yr vs 0.61%/yr for FGRTX.

Performance

AGRDX vs. FGRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and Fidelity Mega Cap Stock Fund (FGRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGRDX achieves a 7.03% return, which is significantly lower than FGRTX's 9.38% return. Both investments have delivered pretty close results over the past 10 years, with AGRDX having a 17.11% annualized return and FGRTX not far behind at 16.36%.

AGRDX

• 1D: -1.56%
• 1M: 5.45%
• YTD: 7.03%
• 6M: 6.02%
• 1Y: 24.54%
• 3Y*: 21.77%
• 5Y*: 13.13%
• 10Y*: 17.11%

FGRTX

• 1D: -1.01%
• 1M: 1.54%
• YTD: 9.38%
• 6M: 11.06%
• 1Y: 29.86%
• 3Y*: 25.16%
• 5Y*: 15.94%
• 10Y*: 16.36%

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

AGRDX vs. FGRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	7.03%	15.66%	26.66%	43.81%	-31.15%	28.29%	35.69%	35.89%	-1.22%	29.85%
FGRTX Fidelity Mega Cap Stock Fund	9.38%	26.92%	25.98%	26.51%	-8.98%	26.29%	12.96%	31.07%	-7.44%	16.98%

Correlation

The correlation between AGRDX and FGRTX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.83

The correlation between AGRDX and FGRTX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

Return for Risk

AGRDX vs. FGRTX — Risk / Return Rank

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

AGRDX

AGRDX Risk / Return Rank: 26
AGRDX Sharpe Ratio Rank: 33
AGRDX Sortino Ratio Rank: 29
AGRDX Omega Ratio Rank: 30
AGRDX Calmar Ratio Rank: 19
AGRDX Martin Ratio Rank: 20

FGRTX

FGRTX Risk / Return Rank: 73
FGRTX Sharpe Ratio Rank: 74
FGRTX Sortino Ratio Rank: 68
FGRTX Omega Ratio Rank: 66
FGRTX Calmar Ratio Rank: 74
FGRTX Martin Ratio Rank: 82

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.

AGRDX vs. FGRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and Fidelity Mega Cap Stock Fund (FGRTX). 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.

	AGRDX	FGRTX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.51	-0.91
Sortino ratio: Return per unit of downside risk	2.20	3.46	-1.26
Omega ratio: Gain probability vs. loss probability	1.28	1.46	-0.18
Calmar ratio: Return relative to maximum drawdown	1.52	3.36	-1.83
Martin ratio: Return relative to average drawdown	5.09	15.23	-10.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRDX vs. FGRTX - Sharpe Ratio Comparison

The current AGRDX Sharpe Ratio is 1.60, which is lower than the FGRTX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of AGRDX and FGRTX, 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

	AGRDX	FGRTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	2.51	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.96	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.91	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.47	+0.27

Drawdowns

AGRDX vs. FGRTX - Drawdown Comparison

The maximum AGRDX drawdown since its inception was -34.73%, smaller than the maximum FGRTX drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for AGRDX and FGRTX.

Drawdown Indicators

	AGRDX	FGRTX	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	-56.17%	+21.44%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-8.99%	-7.56%
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	-18.51%	-5.61%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-23.35%	-11.38%
Max Drawdown (10Y) Largest decline over 10 years	-34.73%	-35.18%	+0.45%
Current Drawdown Current decline from peak	-2.07%	-1.33%	-0.74%
Average Drawdown Average peak-to-trough decline	-5.90%	-8.72%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	1.98%	+2.97%

Volatility

AGRDX vs. FGRTX - Volatility Comparison

JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) has a higher volatility of 3.92% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 2.87%. This indicates that AGRDX's price experiences larger fluctuations and is considered to be riskier than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRDX	FGRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	2.87%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	9.09%	+2.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	12.02%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.59%	16.71%	+4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	18.12%	+3.20%

AGRDX vs. FGRTX - Expense Ratio Comparison

AGRDX has a 0.25% expense ratio, which is lower than FGRTX's 0.61% expense ratio.

Dividends

AGRDX vs. FGRTX - Dividend Comparison

AGRDX's dividend yield for the trailing twelve months is around 15.19%, more than FGRTX's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	15.19%	16.25%	5.72%	4.64%	5.01%	9.55%	5.24%	5.86%	13.94%	9.95%	4.58%	6.71%
FGRTX Fidelity Mega Cap Stock Fund	3.55%	3.89%	2.68%	2.06%	4.38%	4.79%	7.96%	12.98%	21.72%	15.57%	1.97%	4.16%

Frequently Asked Questions

Can I hold both AGRDX and FGRTX in my portfolio?

AGRDX and FGRTX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGRDX or FGRTX?

AGRDX has higher volatility (3.92%) compared to FGRTX (2.87%). In terms of maximum drawdown, AGRDX dropped -34.73% vs FGRTX's -56.17%.

Which has better risk-adjusted returns?

FGRTX currently has the higher Sharpe Ratio (2.51 vs 1.60), 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.