FDEGX vs. IMCV
FDEGX (Fidelity Growth Strategies Fund) and IMCV (iShares Morningstar Mid-Cap ETF) are both funds - FDEGX is a Mid Cap Growth Equities fund managed by Fidelity, while IMCV is a Mid Cap Value Equities fund tracking the Morningstar US Mid Cap Broad Value Index. Over the past 10 years, FDEGX returned 11.34%/yr vs 10.54%/yr for IMCV. A 0.76 correlation means they provide meaningful diversification when combined. FDEGX charges 0.63%/yr vs 0.06%/yr for IMCV.
Performance
FDEGX vs. IMCV - Performance Comparison
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Returns By Period
In the year-to-date period, FDEGX achieves a 5.33% return, which is significantly lower than IMCV's 14.96% return. Over the past 10 years, FDEGX has outperformed IMCV with an annualized return of 11.34%, while IMCV has yielded a comparatively lower 10.54% annualized return.
FDEGX
- 1D
- -0.69%
- 1M
- -7.51%
- 6M
- -0.12%
- YTD
- 5.33%
- 1Y
- -5.12%
- 3Y*
- 11.99%
- 5Y*
- 6.04%
- 10Y*
- 11.34%
- ALL TIME*
- 9.48%
IMCV
- 1D
- -0.59%
- 1M
- 4.45%
- 6M
- 10.82%
- YTD
- 14.96%
- 1Y
- 23.82%
- 3Y*
- 15.08%
- 5Y*
- 10.69%
- 10Y*
- 10.54%
- ALL TIME*
- 9.85%
FDEGX vs. IMCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 5.33% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
IMCV iShares Morningstar Mid-Cap ETF | 14.96% | 13.52% | 12.28% | 11.89% | -6.98% | 33.56% | -4.11% | 24.72% | -10.93% | 12.60% |
Correlation
The correlation between FDEGX and IMCV is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004 | 0.76 |
Over the past year, the correlation between FDEGX and IMCV has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FDEGX vs. IMCV — Risk / Return Rank
FDEGX
IMCV
FDEGX vs. IMCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and iShares Morningstar Mid-Cap ETF (IMCV). 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 | IMCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.47 | -3.70 |
| Martin ratioReturn relative to average drawdown | -0.57 | 12.94 | -13.51 |
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Drawdowns
FDEGX vs. IMCV - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than IMCV's maximum drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for FDEGX and IMCV.
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Drawdown Indicators
| FDEGX | IMCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -64.74% | -21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -6.90% | -13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -18.63% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -19.87% | -16.75% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -46.33% | +9.71% |
Current DrawdownCurrent decline from peak | -9.66% | -0.83% | -8.83% |
Average DrawdownAverage peak-to-trough decline | -36.71% | -8.37% | -28.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.20% | 1.85% | +6.35% |
Volatility
FDEGX vs. IMCV - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 6.72% compared to iShares Morningstar Mid-Cap ETF (IMCV) at 2.88%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than IMCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEGX | IMCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 2.88% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 8.17% | +9.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.41% | 11.65% | +11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 16.52% | +7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 19.55% | +2.61% |
FDEGX vs. IMCV - Expense Ratio Comparison
FDEGX has a 0.63% expense ratio, which is higher than IMCV's 0.06% expense ratio.
Dividends
FDEGX vs. IMCV - Dividend Comparison
FDEGX has not paid dividends to shareholders, while IMCV's dividend yield for the trailing twelve months is around 1.84%.
| 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% |
IMCV iShares Morningstar Mid-Cap ETF | 1.84% | 2.23% | 2.36% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% |
Frequently Asked Questions
FDEGX and IMCV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (6.72%) compared to IMCV (2.88%). In terms of maximum drawdown, FDEGX dropped -85.96% vs IMCV's -64.74%.
IMCV currently has the higher Sharpe Ratio (2.06 vs -0.20), 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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