FACGX vs. IGM
FACGX (Fidelity Advisor Growth Opportunities Fund Class C) and IGM (iShares Expanded Tech Sector ETF) are both funds - FACGX is a Large Cap Growth Equities fund managed by Fidelity, while IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, FACGX returned 20.10%/yr vs 23.41%/yr for IGM. Their correlation of 0.89 means they have usually moved in the same direction. FACGX charges 1.80%/yr vs 0.39%/yr for IGM.
Performance
FACGX vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, FACGX achieves a 8.07% return, which is significantly lower than IGM's 21.55% return. Over the past 10 years, FACGX has underperformed IGM with an annualized return of 20.10%, while IGM has yielded a comparatively higher 23.41% annualized return.
FACGX
- 1D
- 1.13%
- 1M
- -4.31%
- 6M
- 9.00%
- YTD
- 8.07%
- 1Y
- 18.33%
- 3Y*
- 23.70%
- 5Y*
- 9.33%
- 10Y*
- 20.10%
- ALL TIME*
- 9.79%
IGM
- 1D
- 2.20%
- 1M
- 0.03%
- 6M
- 20.71%
- YTD
- 21.55%
- 1Y
- 38.56%
- 3Y*
- 33.72%
- 5Y*
- 18.11%
- 10Y*
- 23.41%
- ALL TIME*
- 12.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $47.27M | $46.48M | $81.75M |
FACGX vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FACGX Fidelity Advisor Growth Opportunities Fund Class C | 8.07% | 21.26% | 37.68% | 44.06% | -38.87% | 10.46% | 67.34% | 39.19% | 14.13% | 33.63% |
IGM iShares Expanded Tech Sector ETF | 21.55% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between FACGX and IGM is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2001 | 0.89 |
The correlation between FACGX and IGM has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
FACGX vs. IGM — Risk / Return Rank
FACGX
IGM
FACGX vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class C (FACGX) and iShares Expanded Tech Sector ETF (IGM). 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.
| FACGX | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.36 | -1.40 |
| Martin ratioReturn relative to average drawdown | 3.23 | 6.77 | -3.54 |
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Drawdowns
FACGX vs. IGM - Drawdown Comparison
The maximum FACGX drawdown since its inception was -65.53%, roughly equal to the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for FACGX and IGM.
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Drawdown Indicators
| FACGX | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.53% | -65.59% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.45% | -16.44% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -26.39% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -45.17% | -40.68% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.17% | -40.68% | -4.49% |
Current DrawdownCurrent decline from peak | -7.19% | -8.21% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -15.18% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 5.71% | -0.87% |
Volatility
FACGX vs. IGM - Volatility Comparison
Fidelity Advisor Growth Opportunities Fund Class C (FACGX) and iShares Expanded Tech Sector ETF (IGM) have volatilities of 8.05% and 8.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FACGX | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 8.47% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.89% | 20.36% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.54% | 24.40% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.31% | 26.36% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.11% | 24.85% | -0.74% |
FACGX vs. IGM - Expense Ratio Comparison
FACGX has a 1.80% expense ratio, which is higher than IGM's 0.39% expense ratio.
Dividends
FACGX vs. IGM - Dividend Comparison
FACGX's dividend yield for the trailing twelve months is around 4.87%, more than IGM's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FACGX Fidelity Advisor Growth Opportunities Fund Class C | 4.87% | 5.26% | 0.00% | 0.00% | 0.00% | 11.75% | 6.13% | 4.87% | 14.01% | 8.00% | 17.39% | 12.23% |
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
Frequently Asked Questions
With a correlation of 0.92, FACGX and IGM 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.
IGM has higher volatility (8.47%) compared to FACGX (8.05%). In terms of maximum drawdown, FACGX dropped -65.53% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (1.59 vs 0.73), 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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