FAGKX vs. FSMAX
Compare and contrast key facts about Fidelity Growth Strategies Fund Class K (FAGKX) and Fidelity Extended Market Index Fund (FSMAX).
FAGKX is managed by Fidelity. It was launched on May 9, 2008. FSMAX is managed by Fidelity.
Performance
FAGKX vs. FSMAX - Performance Comparison
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FAGKX vs. FSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | -7.23% | 3.13% | 17.83% | 21.07% | -26.41% | 21.43% | 29.49% | 36.75% | -6.77% | 21.07% |
FSMAX Fidelity Extended Market Index Fund | -4.54% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
Returns By Period
In the year-to-date period, FAGKX achieves a -7.23% return, which is significantly lower than FSMAX's -4.54% return. Over the past 10 years, FAGKX has underperformed FSMAX with an annualized return of 9.61%, while FSMAX has yielded a comparatively higher 10.54% annualized return.
FAGKX
- 1D
- -2.01%
- 1M
- -11.55%
- YTD
- -7.23%
- 6M
- -18.03%
- 1Y
- 4.00%
- 3Y*
- 8.03%
- 5Y*
- 4.00%
- 10Y*
- 9.61%
FSMAX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.77%
- 3Y*
- 13.78%
- 5Y*
- 3.66%
- 10Y*
- 10.54%
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FAGKX vs. FSMAX - Expense Ratio Comparison
FAGKX has a 0.52% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Return for Risk
FAGKX vs. FSMAX — Risk / Return Rank
FAGKX
FSMAX
FAGKX vs. FSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund Class K (FAGKX) and Fidelity Extended Market Index Fund (FSMAX). 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.
| FAGKX | FSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.72 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.38 | 1.16 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.95 | -0.95 |
Martin ratioReturn relative to average drawdown | -0.03 | 3.91 | -3.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAGKX | FSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.72 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.16 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.35 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.41 | -0.05 |
Correlation
The correlation between FAGKX and FSMAX is 0.90, 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.
Dividends
FAGKX vs. FSMAX - Dividend Comparison
FAGKX has not paid dividends to shareholders, while FSMAX's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 0.00% | 0.00% | 0.00% | 0.16% | 0.00% | 13.99% | 8.30% | 3.73% | 0.90% | 0.05% | 0.72% | 0.29% |
FSMAX Fidelity Extended Market Index Fund | 0.60% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
Drawdowns
FAGKX vs. FSMAX - Drawdown Comparison
The maximum FAGKX drawdown since its inception was -54.37%, which is greater than FSMAX's maximum drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for FAGKX and FSMAX.
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Drawdown Indicators
| FAGKX | FSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.37% | -50.55% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -14.64% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -36.31% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -50.55% | +13.98% |
Current DrawdownCurrent decline from peak | -20.29% | -10.26% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -12.29% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.04% | 3.54% | +3.50% |
Volatility
FAGKX vs. FSMAX - Volatility Comparison
Fidelity Growth Strategies Fund Class K (FAGKX) has a higher volatility of 7.61% compared to Fidelity Extended Market Index Fund (FSMAX) at 6.01%. This indicates that FAGKX's price experiences larger fluctuations and is considered to be riskier than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGKX | FSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.61% | 6.01% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 17.93% | 13.07% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.56% | 22.79% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.31% | 22.32% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 30.19% | -8.23% |