CFAGX vs. FMDGX
CFAGX (Commerce MidCap Growth Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, CFAGX returned 2.55%/yr vs 4.37%/yr for FMDGX. Their 0.95 correlation means they have historically moved very closely together. CFAGX charges 0.71%/yr vs 0.05%/yr for FMDGX.
Performance
CFAGX vs. FMDGX - Performance Comparison
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Returns By Period
In the year-to-date period, CFAGX achieves a 2.17% return, which is significantly higher than FMDGX's 0.31% return.
CFAGX
- 1D
- 0.05%
- 1M
- -3.26%
- 6M
- 2.88%
- YTD
- 2.17%
- 1Y
- -1.61%
- 3Y*
- 6.94%
- 5Y*
- 2.55%
- 10Y*
- 9.88%
- ALL TIME*
- 7.66%
FMDGX
- 1D
- -0.28%
- 1M
- -4.14%
- 6M
- 0.83%
- YTD
- 0.31%
- 1Y
- -1.05%
- 3Y*
- 12.08%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 9.95%
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 |
CFAGX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CFAGX Commerce MidCap Growth Fund | 2.17% | 1.58% | 11.77% | 17.74% | -20.31% | 19.12% | 23.78% | 2.97% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.31% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between CFAGX and FMDGX 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. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.95 |
The correlation between CFAGX and FMDGX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
CFAGX vs. FMDGX — Risk / Return Rank
CFAGX
FMDGX
CFAGX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce MidCap Growth Fund (CFAGX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
| CFAGX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.99 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.18 | -0.05 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.51 | -0.10 |
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Drawdowns
CFAGX vs. FMDGX - Drawdown Comparison
The maximum CFAGX drawdown since its inception was -61.05%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for CFAGX and FMDGX.
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Drawdown Indicators
| CFAGX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -38.59% | -22.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -14.75% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -21.16% | -25.30% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -38.59% | +9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -34.23% | — | — |
Current DrawdownCurrent decline from peak | -4.40% | -6.46% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -11.02% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 5.30% | -0.36% |
Volatility
CFAGX vs. FMDGX - Volatility Comparison
The current volatility for Commerce MidCap Growth Fund (CFAGX) is 4.75%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.09%. This indicates that CFAGX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFAGX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 5.09% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 13.99% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 17.60% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 22.53% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 24.22% | -5.74% |
CFAGX vs. FMDGX - Expense Ratio Comparison
CFAGX has a 0.71% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
CFAGX vs. FMDGX - Dividend Comparison
CFAGX's dividend yield for the trailing twelve months is around 24.36%, more than FMDGX's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFAGX Commerce MidCap Growth Fund | 24.36% | 24.89% | 10.80% | 6.77% | 2.00% | 19.35% | 4.23% | 6.59% | 10.81% | 7.05% | 5.27% | 8.83% |
FMDGX Fidelity Mid Cap Growth Index Fund | 1.85% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, CFAGX and FMDGX 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.
FMDGX has higher volatility (5.09%) compared to CFAGX (4.75%). In terms of maximum drawdown, CFAGX dropped -61.05% vs FMDGX's -38.59%.
FMDGX currently has the higher Sharpe Ratio (-0.15 vs -0.20), 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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