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 0.83, 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:
1.40
^GSPC:
1.98
FDEGX:
1.84
^GSPC:
2.64
FDEGX:
1.26
^GSPC:
1.36
FDEGX:
1.08
^GSPC:
3.00
FDEGX:
5.69
^GSPC:
12.30
FDEGX:
4.74%
^GSPC:
2.07%
FDEGX:
19.28%
^GSPC:
12.87%
FDEGX:
-85.76%
^GSPC:
-56.78%
FDEGX:
-8.75%
^GSPC:
-0.29%
Returns By Period
In the year-to-date period, FDEGX achieves a 8.74% return, which is significantly higher than ^GSPC's 3.73% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 8.82%, while ^GSPC has yielded a comparatively higher 11.82% annualized return.
FDEGX
8.74%
4.97%
16.76%
27.24%
7.04%
8.82%
^GSPC
3.73%
1.05%
11.76%
24.74%
13.51%
11.82%
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Risk-Adjusted Performance
FDEGX vs. ^GSPC — Risk-Adjusted Performance Rank
FDEGX
^GSPC
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 9.45% compared to S&P 500 (^GSPC) at 4.02%. 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.