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:
0.18
SPY:
0.54
FAGKX:
0.43
SPY:
0.89
FAGKX:
1.06
SPY:
1.13
FAGKX:
0.16
SPY:
0.58
FAGKX:
0.47
SPY:
2.39
FAGKX:
10.67%
SPY:
4.51%
FAGKX:
28.01%
SPY:
20.07%
FAGKX:
-54.37%
SPY:
-55.19%
FAGKX:
-20.33%
SPY:
-10.54%
Returns By Period
In the year-to-date period, FAGKX achieves a -5.17% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, FAGKX has underperformed SPY with an annualized return of 6.57%, while SPY has yielded a comparatively higher 11.95% annualized return.
FAGKX
-5.17%
-3.26%
-8.48%
3.28%
6.68%
6.57%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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 1.31%.
| 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 | 1.31% | 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 17.21% compared to SPDR S&P 500 ETF (SPY) at 15.13%. 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.