FCPGX vs. IWV
FCPGX (Fidelity Small Cap Growth Fund) and IWV (iShares Russell 3000 ETF) are both funds - FCPGX is a Small Cap Growth Equities fund managed by Fidelity, while IWV is a Large Cap Blend Equities fund tracking the Russell 3000 Index. Over the past 10 years, FCPGX returned 14.76%/yr vs 14.85%/yr for IWV. Their correlation of 0.89 suggests significant overlap in exposure. FCPGX charges 1.00%/yr vs 0.20%/yr for IWV.
Performance
FCPGX vs. IWV - Performance Comparison
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Returns By Period
In the year-to-date period, FCPGX achieves a 17.99% return, which is significantly higher than IWV's 11.36% return. Both investments have delivered pretty close results over the past 10 years, with FCPGX having a 14.76% annualized return and IWV not far ahead at 14.85%.
FCPGX
- 1D
- -0.48%
- 1M
- 1.35%
- YTD
- 17.99%
- 6M
- 14.58%
- 1Y
- 37.19%
- 3Y*
- 20.62%
- 5Y*
- 8.07%
- 10Y*
- 14.76%
IWV
- 1D
- 0.52%
- 1M
- 4.56%
- YTD
- 11.36%
- 6M
- 11.08%
- 1Y
- 28.12%
- 3Y*
- 22.07%
- 5Y*
- 12.64%
- 10Y*
- 14.85%
FCPGX vs. IWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 17.99% | 11.20% | 20.56% | 19.02% | -25.34% | 10.50% | 36.41% | 36.31% | -4.57% | 28.99% |
IWV iShares Russell 3000 ETF | 11.36% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
Correlation
The correlation between FCPGX and IWV is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2004 | 0.89 |
The correlation between FCPGX and IWV has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
FCPGX vs. IWV — Risk / Return Rank
FCPGX
IWV
FCPGX vs. IWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth Fund (FCPGX) and iShares Russell 3000 ETF (IWV). 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.
| FCPGX | IWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 3.18 | -0.32 |
| Martin ratioReturn relative to average drawdown | 11.49 | 14.64 | -3.14 |
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
| FCPGX | IWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.33 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.74 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.81 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.45 | +0.08 |
Drawdowns
FCPGX vs. IWV - Drawdown Comparison
The maximum FCPGX drawdown since its inception was -59.11%, which is greater than IWV's maximum drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for FCPGX and IWV.
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Drawdown Indicators
| FCPGX | IWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.11% | -55.61% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -8.89% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -28.69% | -19.28% | -9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -25.11% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | -35.22% | -3.82% |
Current DrawdownCurrent decline from peak | -0.87% | -0.25% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -10.59% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.93% | +1.33% |
Volatility
FCPGX vs. IWV - Volatility Comparison
Fidelity Small Cap Growth Fund (FCPGX) has a higher volatility of 6.52% compared to iShares Russell 3000 ETF (IWV) at 2.91%. This indicates that FCPGX's price experiences larger fluctuations and is considered to be riskier than IWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCPGX | IWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 2.91% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 9.10% | +7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.19% | 12.11% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 17.24% | +6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 18.40% | +4.44% |
FCPGX vs. IWV - Expense Ratio Comparison
FCPGX has a 1.00% expense ratio, which is higher than IWV's 0.20% expense ratio.
Dividends
FCPGX vs. IWV - Dividend Comparison
FCPGX's dividend yield for the trailing twelve months is around 5.41%, more than IWV's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 5.41% | 6.38% | 1.37% | 0.00% | 0.00% | 19.27% | 8.19% | 5.31% | 14.35% | 6.88% | 1.53% | 4.32% |
IWV iShares Russell 3000 ETF | 0.85% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
Frequently Asked Questions
FCPGX and IWV have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCPGX has higher volatility (6.52%) compared to IWV (2.91%). In terms of maximum drawdown, FCPGX dropped -59.11% vs IWV's -55.61%.
IWV currently has the higher Sharpe Ratio (2.33 vs 1.77), 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.
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