FCGSX vs. IOLZX

Last updated Jun 24, 2026

FCGSX (Fidelity Series Growth Company Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FCGSX returned 25.14%/yr vs 15.49%/yr for IOLZX. A 0.75 correlation means they provide meaningful diversification when combined. FCGSX charges 0.00%/yr vs 1.04%/yr for IOLZX.

Performance

FCGSX vs. IOLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Growth Company Fund (FCGSX) and ICON Equity Fund (IOLZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCGSX achieves a 22.34% return, which is significantly lower than IOLZX's 30.88% return. Over the past 10 years, FCGSX has outperformed IOLZX with an annualized return of 25.14%, while IOLZX has yielded a comparatively lower 15.49% annualized return.

FCGSX

• 1D: -1.13%
• 1M: 1.46%
• YTD: 22.34%
• 6M: 20.75%
• 1Y: 53.24%
• 3Y*: 33.28%
• 5Y*: 18.04%
• 10Y*: 25.14%

IOLZX

• 1D: 0.36%
• 1M: 7.28%
• YTD: 30.88%
• 6M: 29.23%
• 1Y: 53.97%
• 3Y*: 25.06%
• 5Y*: 11.89%
• 10Y*: 15.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCGSX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCGSX Fidelity Series Growth Company Fund	22.34%	25.52%	38.00%	45.97%	-32.15%	25.13%	70.01%	39.75%	-4.03%	37.69%
IOLZX ICON Equity Fund	30.88%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%

Correlation

The correlation between FCGSX and IOLZX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 19, 2013	0.75

The correlation between FCGSX and IOLZX shifts across timeframes, from 0.58 (3 years) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCGSX vs. IOLZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCGSX

FCGSX Risk / Return Rank: 89
FCGSX Sharpe Ratio Rank: 93
FCGSX Sortino Ratio Rank: 83
FCGSX Omega Ratio Rank: 80
FCGSX Calmar Ratio Rank: 95
FCGSX Martin Ratio Rank: 96

IOLZX

IOLZX Risk / Return Rank: 85
IOLZX Sharpe Ratio Rank: 92
IOLZX Sortino Ratio Rank: 86
IOLZX Omega Ratio Rank: 80
IOLZX Calmar Ratio Rank: 86
IOLZX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCGSX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Growth Company Fund (FCGSX) and ICON Equity Fund (IOLZX). 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.

	FCGSX	IOLZX	Difference
Sharpe ratio: Return per unit of total volatility	2.90	2.87	+0.03
Sortino ratio: Return per unit of downside risk	3.61	3.79	-0.19
Omega ratio: Gain probability vs. loss probability	1.48	1.48	0.00
Calmar ratio: Return relative to maximum drawdown	5.25	3.91	+1.34
Martin ratio: Return relative to average drawdown	22.90	13.84	+9.07

FCGSX vs. IOLZX - Sharpe Ratio Comparison

The current FCGSX Sharpe Ratio is 2.90, which is comparable to the IOLZX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of FCGSX and IOLZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCGSX vs. IOLZX - Drawdown Comparison

The maximum FCGSX drawdown since its inception was -38.77%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for FCGSX and IOLZX.

Drawdown Indicators

	FCGSX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-38.77%	-56.03%	+17.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-14.35%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-24.71%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-38.77%	-27.77%	-11.00%
Max Drawdown (10Y) Largest decline over 10 years	-38.77%	-41.04%	+2.27%
Current Drawdown Current decline from peak	-1.74%	0.00%	-1.74%
Average Drawdown Average peak-to-trough decline	-6.94%	-12.61%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	4.05%	-1.67%

Volatility

FCGSX vs. IOLZX - Volatility Comparison

Fidelity Series Growth Company Fund (FCGSX) and ICON Equity Fund (IOLZX) have volatilities of 7.52% and 7.17%, 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.

Volatility by Period

	FCGSX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	7.17%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	14.75%	15.88%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	19.60%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.84%	21.54%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.34%	22.43%	+0.91%

FCGSX vs. IOLZX - Expense Ratio Comparison

FCGSX has a 0.00% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

Dividends

FCGSX vs. IOLZX - Dividend Comparison

FCGSX's dividend yield for the trailing twelve months is around 8.56%, more than IOLZX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCGSX Fidelity Series Growth Company Fund	8.56%	10.48%	12.49%	3.13%	0.61%	38.65%	31.99%	11.06%	13.21%	10.51%	2.44%	0.25%
IOLZX ICON Equity Fund	8.17%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCGSX and IOLZX in my portfolio?

FCGSX and IOLZX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCGSX or IOLZX?

FCGSX has higher volatility (7.52%) compared to IOLZX (7.17%). In terms of maximum drawdown, FCGSX dropped -38.77% vs IOLZX's -56.03%.

Which has better risk-adjusted returns?

FCGSX currently has the higher Sharpe Ratio (2.90 vs 2.87), 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.