FDEGX vs. ^GSPC
FDEGX (Fidelity Growth Strategies Fund) is Mid Cap Growth Equities fund actively managed by Fidelity, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, FDEGX returned 11.15%/yr vs 13.26%/yr for ^GSPC. Their correlation of 0.84 means they have usually moved in the same direction.
Performance
FDEGX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, FDEGX achieves a 3.63% return, which is significantly lower than ^GSPC's 9.41% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 11.15%, while ^GSPC has yielded a comparatively higher 13.26% annualized return.
FDEGX
- 1D
- 3.45%
- 1M
- -6.65%
- 6M
- 3.54%
- YTD
- 3.63%
- 1Y
- -5.46%
- 3Y*
- 11.50%
- 5Y*
- 4.68%
- 10Y*
- 11.15%
- ALL TIME*
- 9.42%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $0.00 | $0.00 | $0.00 |
FDEGX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 3.63% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between FDEGX and ^GSPC is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1990 | 0.84 |
The correlation between FDEGX and ^GSPC has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
FDEGX vs. ^GSPC — Risk / Return Rank
FDEGX
^GSPC
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.
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.
| FDEGX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.25 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.00 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.89 | 8.49 | -9.39 |
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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.
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Drawdown Indicators
| FDEGX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -56.78% | -29.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -9.10% | -11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -18.90% | -7.14% |
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 DrawdownCurrent decline from peak | -11.12% | -1.58% | -9.54% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -10.70% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 2.14% | +6.28% |
Volatility
FDEGX vs. ^GSPC - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.89% compared to S&P 500 Index (^GSPC) at 3.51%. 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.
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Volatility by Period
| FDEGX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 3.51% | +4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 10.11% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 12.87% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 17.01% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 18.07% | +4.16% |
Frequently Asked Questions
FDEGX and ^GSPC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (7.89%) compared to ^GSPC (3.51%). In terms of maximum drawdown, FDEGX dropped -85.96% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.42 vs -0.31), 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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