CAPEX vs. FGKFX

Last updated Aug 1, 2026

CAPEX (Eaton Vance Tax Managed Growth 1.0 Fund) and FGKFX (Fidelity Growth Company K6 Fund) are both Large Cap Growth Equities funds. Over the past 5 years, CAPEX returned 11.50%/yr vs 14.61%/yr for FGKFX. Their correlation of 0.90 means they have usually moved in the same direction. Both charge a 0.45% expense ratio.

Performance

CAPEX vs. FGKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and Fidelity Growth Company K6 Fund (FGKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPEX achieves a 6.95% return, which is significantly lower than FGKFX's 15.92% return.

CAPEX

• 1D: 1.48%
• 1M: -0.85%
• 6M: 5.16%
• YTD: 6.95%
• 1Y: 16.60%
• 3Y*: 18.18%
• 5Y*: 11.50%
• 10Y*: 14.62%
• ALL TIME*: 10.29%

FGKFX

• 1D: 3.03%
• 1M: -4.41%
• 6M: 12.69%
• YTD: 15.92%
• 1Y: 30.68%
• 3Y*: 26.36%
• 5Y*: 14.61%
• 10Y*: —
• ALL TIME*: 23.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	$0.00	$0.00	$0.00
FGKFX Fidelity Growth Company K6 Fund	$0.00	$0.00	$0.00

CAPEX vs. FGKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	6.95%	16.83%	25.45%	28.62%	-19.92%	25.05%	23.49%	12.91%
FGKFX Fidelity Growth Company K6 Fund	15.92%	21.67%	35.46%	46.02%	-32.62%	22.06%	68.76%	15.07%

Correlation

The correlation between CAPEX and FGKFX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.90

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

Return for Risk

CAPEX vs. FGKFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CAPEX

CAPEX Risk / Return Rank: 34
CAPEX Sharpe Ratio Rank: 34
CAPEX Sortino Ratio Rank: 34
CAPEX Omega Ratio Rank: 33
CAPEX Calmar Ratio Rank: 31
CAPEX Martin Ratio Rank: 40

FGKFX

FGKFX Risk / Return Rank: 61
FGKFX Sharpe Ratio Rank: 56
FGKFX Sortino Ratio Rank: 51
FGKFX Omega Ratio Rank: 49
FGKFX Calmar Ratio Rank: 78
FGKFX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CAPEX vs. FGKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and Fidelity Growth Company K6 Fund (FGKFX). 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.

	CAPEX	FGKFX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.37	-0.28
Sortino ratio: Return per unit of downside risk	1.59	1.88	-0.29
Omega ratio: Gain probability vs. loss probability	1.20	1.24	-0.04
Calmar ratio: Return relative to maximum drawdown	1.39	2.51	-1.13
Martin ratio: Return relative to average drawdown	5.91	8.60	-2.69

CAPEX vs. FGKFX - Sharpe Ratio Comparison

The current CAPEX Sharpe Ratio is 1.10, which is comparable to the FGKFX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of CAPEX and FGKFX, 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

CAPEX vs. FGKFX - Drawdown Comparison

The maximum CAPEX drawdown since its inception was -51.71%, which is greater than FGKFX's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for CAPEX and FGKFX.

Drawdown Indicators

	CAPEX	FGKFX	Difference
Max Drawdown Largest peak-to-trough decline	-51.71%	-40.14%	-11.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-11.40%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-27.38%	+8.33%
Max Drawdown (5Y) Largest decline over 5 years	-25.87%	-40.14%	+14.27%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	—	—
Current Drawdown Current decline from peak	-2.90%	-7.20%	+4.30%
Average Drawdown Average peak-to-trough decline	-8.35%	-9.87%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	3.32%	-0.86%

Volatility

CAPEX vs. FGKFX - Volatility Comparison

The current volatility for Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) is 3.78%, while Fidelity Growth Company K6 Fund (FGKFX) has a volatility of 6.46%. This indicates that CAPEX experiences smaller price fluctuations and is considered to be less risky than FGKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPEX	FGKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	6.46%	-2.68%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	16.18%	-5.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	20.89%	-7.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	24.49%	-7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	25.75%	-7.39%

CAPEX vs. FGKFX - Expense Ratio Comparison

Both CAPEX and FGKFX have an expense ratio of 0.45%.

Dividends

CAPEX vs. FGKFX - Dividend Comparison

CAPEX's dividend yield for the trailing twelve months is around 3.09%, while FGKFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	3.09%	3.19%	2.40%	0.83%	0.97%	0.63%	0.88%	1.15%	1.36%	1.20%	1.41%	1.39%
FGKFX Fidelity Growth Company K6 Fund	0.00%	0.00%	0.00%	0.10%	0.18%	2.64%	0.93%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CAPEX and FGKFX in my portfolio?

CAPEX and FGKFX 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, CAPEX or FGKFX?

FGKFX has higher volatility (6.46%) compared to CAPEX (3.78%). In terms of maximum drawdown, CAPEX dropped -51.71% vs FGKFX's -40.14%.

Which has better risk-adjusted returns?

FGKFX currently has the higher Sharpe Ratio (1.37 vs 1.10), 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.