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FDEGX vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.00.8

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 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
15.93%
9.23%
FDEGX
^GSPC

Key characteristics

Sharpe Ratio

FDEGX:

1.74

^GSPC:

2.07

Sortino Ratio

FDEGX:

2.36

^GSPC:

2.76

Omega Ratio

FDEGX:

1.31

^GSPC:

1.39

Calmar Ratio

FDEGX:

1.10

^GSPC:

3.05

Martin Ratio

FDEGX:

10.01

^GSPC:

13.27

Ulcer Index

FDEGX:

3.02%

^GSPC:

1.95%

Daily Std Dev

FDEGX:

17.37%

^GSPC:

12.52%

Max Drawdown

FDEGX:

-85.76%

^GSPC:

-56.78%

Current Drawdown

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

YTD

29.90%

1M

-4.74%

6M

15.74%

1Y

30.06%

5Y*

7.29%

10Y*

8.71%

^GSPC

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

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.


Sharpe ratio
The chart of Sharpe ratio for FDEGX, currently valued at 1.74, compared to the broader market-1.000.001.002.003.004.001.742.07
The chart of Sortino ratio for FDEGX, currently valued at 2.36, compared to the broader market-2.000.002.004.006.008.0010.002.362.76
The chart of Omega ratio for FDEGX, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.003.501.311.39
The chart of Calmar ratio for FDEGX, currently valued at 1.10, compared to the broader market0.002.004.006.008.0010.0012.0014.001.103.05
The chart of Martin ratio for FDEGX, currently valued at 10.01, compared to the broader market0.0020.0040.0060.0010.0113.27
FDEGX
^GSPC

The current FDEGX Sharpe Ratio is 1.74, which is comparable to the ^GSPC Sharpe Ratio of 2.07. 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.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.74
2.07
FDEGX
^GSPC

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.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.32%
-1.91%
FDEGX
^GSPC

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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
6.96%
3.82%
FDEGX
^GSPC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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