FCPGX vs. VBK
FCPGX (Fidelity Small Cap Growth Fund) and VBK (Vanguard Small-Cap Growth ETF) are both Small Cap Growth Equities funds. Over the past 10 years, FCPGX returned 14.39%/yr vs 10.90%/yr for VBK. Their 0.96 correlation means they have historically moved very closely together. FCPGX charges 0.88%/yr vs 0.05%/yr for VBK.
Performance
FCPGX vs. VBK - Performance Comparison
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Returns By Period
In the year-to-date period, FCPGX achieves a 20.94% return, which is significantly higher than VBK's 12.94% return. Over the past 10 years, FCPGX has outperformed VBK with an annualized return of 14.39%, while VBK has yielded a comparatively lower 10.90% annualized return.
FCPGX
- 1D
- 2.52%
- 1M
- -3.07%
- 6M
- 16.38%
- YTD
- 20.94%
- 1Y
- 36.65%
- 3Y*
- 18.73%
- 5Y*
- 7.92%
- 10Y*
- 14.39%
- ALL TIME*
- 12.16%
VBK
- 1D
- -0.27%
- 1M
- -4.86%
- 6M
- 9.06%
- YTD
- 12.94%
- 1Y
- 23.19%
- 3Y*
- 13.33%
- 5Y*
- 4.14%
- 10Y*
- 10.90%
- ALL TIME*
- 9.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $67.40M | $71.27M | $83.02M |
FCPGX vs. VBK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 20.94% | 11.20% | 20.56% | 19.02% | -25.34% | 10.50% | 36.41% | 36.31% | -4.57% | 28.99% |
VBK Vanguard Small-Cap Growth ETF | 12.94% | 8.50% | 16.50% | 21.45% | -28.44% | 5.66% | 35.44% | 32.75% | -5.70% | 21.87% |
Correlation
The correlation between FCPGX and VBK is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004 | 0.96 |
The correlation between FCPGX and VBK has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
FCPGX vs. VBK — Risk / Return Rank
FCPGX
VBK
FCPGX vs. VBK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth Fund (FCPGX) and Vanguard Small-Cap Growth ETF (VBK). 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.
| FCPGX | VBK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.86 | +0.65 |
| Martin ratioReturn relative to average drawdown | 9.38 | 6.29 | +3.09 |
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Drawdowns
FCPGX vs. VBK - Drawdown Comparison
The maximum FCPGX drawdown since its inception was -59.11%, roughly equal to the maximum VBK drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for FCPGX and VBK.
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Drawdown Indicators
| FCPGX | VBK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.11% | -58.68% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -11.44% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -28.69% | -27.54% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -38.39% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | -38.70% | -0.34% |
Current DrawdownCurrent decline from peak | -5.24% | -6.90% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -10.10% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.37% | +0.14% |
Volatility
FCPGX vs. VBK - Volatility Comparison
Fidelity Small Cap Growth Fund (FCPGX) has a higher volatility of 6.00% compared to Vanguard Small-Cap Growth ETF (VBK) at 5.16%. This indicates that FCPGX's price experiences larger fluctuations and is considered to be riskier than VBK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCPGX | VBK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.16% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.96% | 15.93% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 20.39% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.72% | 23.65% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 22.91% | +0.03% |
FCPGX vs. VBK - Expense Ratio Comparison
FCPGX has a 0.88% expense ratio, which is higher than VBK's 0.05% expense ratio.
Dividends
FCPGX vs. VBK - Dividend Comparison
FCPGX's dividend yield for the trailing twelve months is around 5.28%, more than VBK's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 5.28% | 6.38% | 1.37% | 0.00% | 0.00% | 19.27% | 8.19% | 5.31% | 14.35% | 6.88% | 1.53% | 4.32% |
VBK Vanguard Small-Cap Growth ETF | 0.45% | 0.54% | 0.54% | 0.68% | 0.55% | 0.36% | 0.44% | 0.57% | 0.79% | 0.82% | 1.08% | 0.98% |
Frequently Asked Questions
With a correlation of 0.95, FCPGX and VBK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCPGX has higher volatility (6.00%) compared to VBK (5.16%). In terms of maximum drawdown, FCPGX dropped -59.11% vs VBK's -58.68%.
FCPGX currently has the higher Sharpe Ratio (1.45 vs 1.04), 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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