FDEGX vs. FXAIX
FDEGX (Fidelity Growth Strategies Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FDEGX is a Mid Cap Growth Equities fund actively managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. FDEGX is actively managed, while FXAIX is passively managed. Over the past 10 years, FDEGX returned 11.15%/yr vs 15.00%/yr for FXAIX. Their correlation of 0.89 means they have usually moved in the same direction. FDEGX charges 0.69%/yr vs 0.02%/yr for FXAIX.
Performance
FDEGX vs. FXAIX - 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 FXAIX's 9.35% return. Over the past 10 years, FDEGX has underperformed FXAIX with an annualized return of 11.15%, while FXAIX has yielded a comparatively higher 15.00% 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%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDEGX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between FDEGX and FXAIX 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. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.89 |
The correlation between FDEGX and FXAIX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
FDEGX vs. FXAIX — Risk / Return Rank
FDEGX
FXAIX
FDEGX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.26 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.06 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.89 | 8.86 | -9.76 |
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Drawdowns
FDEGX vs. FXAIX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FDEGX and FXAIX.
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Drawdown Indicators
| FDEGX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -33.79% | -52.17% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -8.89% | -11.56% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -18.76% | -7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -24.50% | -12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -33.79% | -2.83% |
Current DrawdownCurrent decline from peak | -11.12% | -2.11% | -9.01% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -3.77% | -32.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 2.07% | +6.35% |
Volatility
FDEGX vs. FXAIX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.89% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEGX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 3.44% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 10.09% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 12.86% | +11.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 17.03% | +6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 18.07% | +4.16% |
FDEGX vs. FXAIX - Expense Ratio Comparison
FDEGX has a 0.69% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FDEGX vs. FXAIX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FDEGX and FXAIX 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 FXAIX (3.44%). In terms of maximum drawdown, FDEGX dropped -85.96% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 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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