EQPGX vs. IWF

Last updated Jun 5, 2026

EQPGX (Fidelity Advisor Equity Growth Fund Class I) and IWF (iShares Russell 1000 Growth ETF) are both Large Cap Growth Equities funds. Over the past 10 years, EQPGX returned 19.07%/yr vs 18.47%/yr for IWF. With a 0.95 correlation, they move nearly in lockstep. EQPGX charges 0.71%/yr vs 0.18%/yr for IWF.

Performance

EQPGX vs. IWF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class I (EQPGX) and iShares Russell 1000 Growth ETF (IWF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQPGX achieves a 14.28% return, which is significantly higher than IWF's 7.28% return. Both investments have delivered pretty close results over the past 10 years, with EQPGX having a 19.07% annualized return and IWF not far behind at 18.47%.

EQPGX

• 1D: -1.01%
• 1M: 5.59%
• YTD: 14.28%
• 6M: 13.42%
• 1Y: 28.97%
• 3Y*: 24.86%
• 5Y*: 14.41%
• 10Y*: 19.07%

IWF

• 1D: 0.16%
• 1M: 5.33%
• YTD: 7.28%
• 6M: 6.46%
• 1Y: 25.41%
• 3Y*: 24.91%
• 5Y*: 15.28%
• 10Y*: 18.47%

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

EQPGX vs. IWF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQPGX Fidelity Advisor Equity Growth Fund Class I	14.28%	14.60%	29.99%	35.60%	-24.45%	22.94%	43.80%	34.01%	0.17%	35.19%
IWF iShares Russell 1000 Growth ETF	7.28%	18.33%	33.12%	42.59%	-29.31%	27.43%	38.25%	35.86%	-1.67%	29.95%

Correlation

The correlation between EQPGX and IWF is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.95

The correlation between EQPGX and IWF has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

EQPGX vs. IWF — Risk / Return Rank

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

EQPGX

EQPGX Risk / Return Rank: 39
EQPGX Sharpe Ratio Rank: 40
EQPGX Sortino Ratio Rank: 36
EQPGX Omega Ratio Rank: 37
EQPGX Calmar Ratio Rank: 39
EQPGX Martin Ratio Rank: 43

IWF

IWF Risk / Return Rank: 42
IWF Sharpe Ratio Rank: 48
IWF Sortino Ratio Rank: 47
IWF Omega Ratio Rank: 47
IWF Calmar Ratio Rank: 32
IWF Martin Ratio Rank: 35

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.

EQPGX vs. IWF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class I (EQPGX) and iShares Russell 1000 Growth ETF (IWF). 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.

	EQPGX	IWF	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.65	+0.17
Sortino ratio: Return per unit of downside risk	2.48	2.27	+0.21
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.37	1.57	+0.80
Martin ratio: Return relative to average drawdown	9.02	5.24	+3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQPGX vs. IWF - Sharpe Ratio Comparison

The current EQPGX Sharpe Ratio is 1.82, which is comparable to the IWF Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of EQPGX and IWF, 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

	EQPGX	IWF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.65	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.72	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.88	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.40	+0.22

Drawdowns

EQPGX vs. IWF - Drawdown Comparison

The maximum EQPGX drawdown since its inception was -62.00%, roughly equal to the maximum IWF drawdown of -64.25%. Use the drawdown chart below to compare losses from any high point for EQPGX and IWF.

Drawdown Indicators

	EQPGX	IWF	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-64.25%	+2.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.57%	-16.27%	+3.70%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-23.36%	+0.32%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	-32.72%	+2.91%
Max Drawdown (10Y) Largest decline over 10 years	-31.11%	-32.72%	+1.61%
Current Drawdown Current decline from peak	-1.01%	-1.51%	+0.50%
Average Drawdown Average peak-to-trough decline	-13.75%	-22.08%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	4.86%	-1.56%

Volatility

EQPGX vs. IWF - Volatility Comparison

Fidelity Advisor Equity Growth Fund Class I (EQPGX) has a higher volatility of 4.41% compared to iShares Russell 1000 Growth ETF (IWF) at 3.60%. This indicates that EQPGX's price experiences larger fluctuations and is considered to be riskier than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQPGX	IWF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	3.60%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	12.73%	11.65%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	15.43%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	21.39%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.55%	20.96%	-0.41%

EQPGX vs. IWF - Expense Ratio Comparison

EQPGX has a 0.71% expense ratio, which is higher than IWF's 0.18% expense ratio.

Dividends

EQPGX vs. IWF - Dividend Comparison

EQPGX's dividend yield for the trailing twelve months is around 0.46%, more than IWF's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQPGX Fidelity Advisor Equity Growth Fund Class I	0.46%	0.52%	10.64%	0.48%	1.96%	11.42%	10.84%	8.56%	6.43%	11.57%	5.90%	2.21%
IWF iShares Russell 1000 Growth ETF	0.33%	0.36%	0.46%	0.67%	0.91%	0.49%	0.66%	0.99%	1.27%	1.10%	1.43%	1.37%

Frequently Asked Questions

Can I hold both EQPGX and IWF in my portfolio?

With a correlation of 0.94, EQPGX and IWF 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.

Which is riskier, EQPGX or IWF?

EQPGX has higher volatility (4.41%) compared to IWF (3.60%). In terms of maximum drawdown, EQPGX dropped -62.00% vs IWF's -64.25%.

Which has better risk-adjusted returns?

EQPGX currently has the higher Sharpe Ratio (1.82 vs 1.65), 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.