FDEGX vs. FSLBX
Compare and contrast key facts about Fidelity Growth Strategies Fund (FDEGX) and Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX).
FDEGX is managed by Fidelity. It was launched on Dec 28, 1990. FSLBX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEGX or FSLBX.
Key characteristics
| FDEGX | FSLBX | |
|---|---|---|
| YTD Return | 14.60% | 19.69% |
| 1Y Return | 24.36% | 36.35% |
| 3Y Return (Ann) | 1.21% | 10.27% |
| 5Y Return (Ann) | 11.51% | 18.69% |
| 10Y Return (Ann) | 10.69% | 12.05% |
| Sharpe Ratio | 1.50 | 2.19 |
| Daily Std Dev | 16.21% | 16.66% |
| Max Drawdown | -85.76% | -67.50% |
| Current Drawdown | -2.35% | 0.00% |
Correlation
The correlation between FDEGX and FSLBX is 0.73, 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. FSLBX - Performance Comparison
In the year-to-date period, FDEGX achieves a 14.60% return, which is significantly lower than FSLBX's 19.69% return. Over the past 10 years, FDEGX has underperformed FSLBX with an annualized return of 10.69%, while FSLBX has yielded a comparatively higher 12.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDEGX vs. FSLBX - Expense Ratio Comparison
FDEGX has a 0.63% expense ratio, which is lower than FSLBX's 0.75% expense ratio.
Risk-Adjusted Performance
FDEGX vs. FSLBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX). 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.
Dividends
FDEGX vs. FSLBX - Dividend Comparison
FDEGX's dividend yield for the trailing twelve months is around 0.05%, less than FSLBX's 1.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.05% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.43% | 0.59% | 0.13% | 0.59% | 0.18% |
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 1.05% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 9.24% | 6.96% | 1.25% | 6.51% | 3.52% | 0.54% |
Drawdowns
FDEGX vs. FSLBX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.76%, which is greater than FSLBX's maximum drawdown of -67.50%. Use the drawdown chart below to compare losses from any high point for FDEGX and FSLBX. For additional features, visit the drawdowns tool.
Volatility
FDEGX vs. FSLBX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 5.78% compared to Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) at 4.42%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than FSLBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.