FAGAX vs. IWF
Compare and contrast key facts about Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and iShares Russell 1000 Growth ETF (IWF).
FAGAX is managed by Fidelity. It was launched on Sep 3, 1996. IWF is a passively managed fund by iShares that tracks the performance of the Russell 1000 Growth Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAGAX or IWF.
Key characteristics
| FAGAX | IWF | |
|---|---|---|
| YTD Return | 24.79% | 20.61% |
| 1Y Return | 39.63% | 32.87% |
| 3Y Return (Ann) | 2.10% | 9.19% |
| 5Y Return (Ann) | 18.44% | 18.68% |
| 10Y Return (Ann) | 17.55% | 15.80% |
| Sharpe Ratio | 1.93 | 1.92 |
| Daily Std Dev | 20.33% | 17.02% |
| Max Drawdown | -65.24% | -64.18% |
| Current Drawdown | -3.42% | -4.70% |
Correlation
The correlation between FAGAX and IWF is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FAGAX vs. IWF - Performance Comparison
In the year-to-date period, FAGAX achieves a 24.79% return, which is significantly higher than IWF's 20.61% return. Over the past 10 years, FAGAX has outperformed IWF with an annualized return of 17.55%, while IWF has yielded a comparatively lower 15.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAGAX vs. IWF - Expense Ratio Comparison
FAGAX has a 1.04% expense ratio, which is higher than IWF's 0.19% expense ratio.
Risk-Adjusted Performance
FAGAX vs. IWF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) 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.
Dividends
FAGAX vs. IWF - Dividend Comparison
FAGAX has not paid dividends to shareholders, while IWF's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 0.00% | 0.00% | 0.00% | 10.19% | 5.45% | 4.10% | 11.99% | 7.67% | 15.44% | 11.12% | 0.00% | 0.00% |
IWF iShares Russell 1000 Growth ETF | 0.54% | 0.67% | 0.91% | 0.49% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% | 1.32% | 1.29% |
Drawdowns
FAGAX vs. IWF - Drawdown Comparison
The maximum FAGAX drawdown since its inception was -65.24%, roughly equal to the maximum IWF drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for FAGAX and IWF. For additional features, visit the drawdowns tool.
Volatility
FAGAX vs. IWF - Volatility Comparison
Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) has a higher volatility of 7.12% compared to iShares Russell 1000 Growth ETF (IWF) at 5.49%. This indicates that FAGAX'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.