FDEGX vs. ^GSPC
Compare and contrast key facts about Fidelity Growth Strategies Fund (FDEGX) and S&P 500 (^GSPC).
FDEGX is managed by Fidelity. It was launched on Dec 28, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEGX or ^GSPC.
Key characteristics
| FDEGX | ^GSPC | |
|---|---|---|
| YTD Return | 14.60% | 18.13% |
| 1Y Return | 24.36% | 26.52% |
| 3Y Return (Ann) | 1.21% | 8.36% |
| 5Y Return (Ann) | 11.51% | 13.43% |
| 10Y Return (Ann) | 10.69% | 10.88% |
| Sharpe Ratio | 1.50 | 2.10 |
| Daily Std Dev | 16.21% | 12.68% |
| Max Drawdown | -85.76% | -56.78% |
| Current Drawdown | -2.35% | -0.58% |
Correlation
The correlation between FDEGX and ^GSPC is 0.84, 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
FDEGX vs. ^GSPC - Performance Comparison
In the year-to-date period, FDEGX achieves a 14.60% return, which is significantly lower than ^GSPC's 18.13% return. Both investments have delivered pretty close results over the past 10 years, with FDEGX having a 10.69% annualized return and ^GSPC not far ahead at 10.88%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FDEGX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and S&P 500 (^GSPC). 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.
Drawdowns
FDEGX vs. ^GSPC - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.76%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FDEGX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FDEGX vs. ^GSPC - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 5.78% compared to S&P 500 (^GSPC) at 4.08%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.