FAGKX vs. SPY
Compare and contrast key facts about Fidelity Growth Strategies Fund Class K (FAGKX) and SPDR S&P 500 ETF (SPY).
FAGKX is managed by Fidelity. It was launched on May 9, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAGKX or SPY.
Correlation
The correlation between FAGKX and SPY is 0.89, 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
FAGKX vs. SPY - Performance Comparison
Key characteristics
FAGKX:
0.71
SPY:
1.75
FAGKX:
1.01
SPY:
2.36
FAGKX:
1.14
SPY:
1.32
FAGKX:
0.64
SPY:
2.66
FAGKX:
2.65
SPY:
11.01
FAGKX:
5.43%
SPY:
2.03%
FAGKX:
20.42%
SPY:
12.77%
FAGKX:
-54.37%
SPY:
-55.19%
FAGKX:
-14.48%
SPY:
-2.12%
Returns By Period
In the year-to-date period, FAGKX achieves a 1.80% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, FAGKX has underperformed SPY with an annualized return of 7.50%, while SPY has yielded a comparatively higher 12.96% annualized return.
FAGKX
1.80%
-6.26%
4.90%
12.19%
5.13%
7.50%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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FAGKX vs. SPY - Expense Ratio Comparison
FAGKX has a 0.52% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FAGKX vs. SPY — Risk-Adjusted Performance Rank
FAGKX
SPY
FAGKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund Class K (FAGKX) and SPDR S&P 500 ETF (SPY). 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
FAGKX vs. SPY - Dividend Comparison
FAGKX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGKX Fidelity Growth Strategies Fund Class K | 0.00% | 0.00% | 0.16% | 0.00% | 0.00% | 0.00% | 0.54% | 0.90% | 0.50% | 0.68% | 0.29% | 0.92% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FAGKX vs. SPY - Drawdown Comparison
The maximum FAGKX drawdown since its inception was -54.37%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FAGKX and SPY. For additional features, visit the drawdowns tool.
Volatility
FAGKX vs. SPY - Volatility Comparison
Fidelity Growth Strategies Fund Class K (FAGKX) has a higher volatility of 7.73% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that FAGKX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.