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.
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
Key characteristics
FDEGX:
1.74
^GSPC:
2.07
FDEGX:
2.36
^GSPC:
2.76
FDEGX:
1.31
^GSPC:
1.39
FDEGX:
1.10
^GSPC:
3.05
FDEGX:
10.01
^GSPC:
13.27
FDEGX:
3.02%
^GSPC:
1.95%
FDEGX:
17.37%
^GSPC:
12.52%
FDEGX:
-85.76%
^GSPC:
-56.78%
FDEGX:
-7.32%
^GSPC:
-1.91%
Returns By Period
In the year-to-date period, FDEGX achieves a 29.90% return, which is significantly higher than ^GSPC's 25.25% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 8.71%, while ^GSPC has yielded a comparatively higher 11.11% annualized return.
FDEGX
29.90%
-4.74%
15.74%
30.06%
7.29%
8.71%
^GSPC
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
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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 6.96% compared to S&P 500 (^GSPC) at 3.82%. 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.