FDEGX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Growth Strategies Fund (FDEGX) and S&P 500 Index (^GSPC).

FDEGX is managed by Fidelity. It was launched on Dec 28, 1990.

Performance

FDEGX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Strategies Fund (FDEGX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FDEGX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDEGX Fidelity Growth Strategies Fund	-3.21%	2.88%	26.57%	20.93%	-26.50%	21.30%	29.34%	36.59%	-6.92%	21.03%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FDEGX achieves a -3.21% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 10.75%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

FDEGX

• 1D: 4.36%
• 1M: -8.30%
• YTD: -3.21%
• 6M: -14.32%
• 1Y: 6.96%
• 3Y*: 12.09%
• 5Y*: 5.87%
• 10Y*: 10.75%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FDEGX vs. ^GSPC — Risk / Return Rank

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

FDEGX

FDEGX Risk / Return Rank: 11
FDEGX Sharpe Ratio Rank: 11
FDEGX Sortino Ratio Rank: 12
FDEGX Omega Ratio Rank: 12
FDEGX Calmar Ratio Rank: 11
FDEGX Martin Ratio Rank: 10

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FDEGX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and S&P 500 Index (^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.

	FDEGX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.92	-0.61
Sortino ratio Return per unit of downside risk	0.60	1.41	-0.81
Omega ratio Gain probability vs. loss probability	1.08	1.21	-0.13
Calmar ratio Return relative to maximum drawdown	0.28	1.41	-1.14
Martin ratio Return relative to average drawdown	0.79	6.61	-5.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDEGX vs. ^GSPC - Sharpe Ratio Comparison

The current FDEGX Sharpe Ratio is 0.31, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FDEGX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDEGX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.92	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.61	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.68	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.46	-0.08

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.

Drawdowns

FDEGX vs. ^GSPC - Drawdown Comparison

The maximum FDEGX drawdown since its inception was -85.96%, 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.

Drawdown Indicators

	FDEGX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-85.96%	-56.78%	-29.18%
Max Drawdown (1Y) Largest decline over 1 year	-20.45%	-12.14%	-8.31%
Max Drawdown (5Y) Largest decline over 5 years	-36.62%	-25.43%	-11.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.62%	-33.92%	-2.70%
Current Drawdown Current decline from peak	-16.98%	-5.78%	-11.20%
Average Drawdown Average peak-to-trough decline	-36.96%	-10.75%	-26.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.19%	2.60%	+4.59%

Volatility

FDEGX vs. ^GSPC - Volatility Comparison

Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 8.96% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	FDEGX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.96%	5.37%	+3.59%
Volatility (6M) Calculated over the trailing 6-month period	18.52%	9.55%	+8.97%
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	18.33%	+8.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.18%	16.90%	+6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	18.05%	+3.85%