FDEGX vs. IWP
FDEGX (Fidelity Growth Strategies Fund) and IWP (iShares Russell Mid-Cap Growth ETF) are both Mid Cap Growth Equities funds. Over the past 10 years, FDEGX returned 11.86%/yr vs 12.22%/yr for IWP. Their correlation of 0.95 suggests significant overlap in exposure. FDEGX charges 0.63%/yr vs 0.23%/yr for IWP.
Performance
FDEGX vs. IWP - Performance Comparison
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Returns By Period
In the year-to-date period, FDEGX achieves a 8.51% return, which is significantly higher than IWP's 1.66% return. Both investments have delivered pretty close results over the past 10 years, with FDEGX having a 11.86% annualized return and IWP not far ahead at 12.22%.
FDEGX
- 1D
- -3.58%
- 1M
- -0.04%
- YTD
- 8.51%
- 6M
- -1.97%
- 1Y
- 1.60%
- 3Y*
- 16.17%
- 5Y*
- 7.93%
- 10Y*
- 11.86%
IWP
- 1D
- -0.06%
- 1M
- 1.28%
- YTD
- 1.66%
- 6M
- 0.18%
- 1Y
- 2.82%
- 3Y*
- 15.01%
- 5Y*
- 5.99%
- 10Y*
- 12.22%
FDEGX vs. IWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 8.51% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
IWP iShares Russell Mid-Cap Growth ETF | 1.66% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
Correlation
The correlation between FDEGX and IWP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2001 | 0.95 |
The correlation between FDEGX and IWP has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
FDEGX vs. IWP — Risk / Return Rank
FDEGX
IWP
FDEGX vs. IWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and iShares Russell Mid-Cap Growth ETF (IWP). 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.
| FDEGX | IWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.19 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.37 | 0.56 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDEGX | IWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.17 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.27 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.57 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.42 | -0.03 |
Drawdowns
FDEGX vs. IWP - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than IWP's maximum drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for FDEGX and IWP.
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Drawdown Indicators
| FDEGX | IWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -56.92% | -29.04% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -14.79% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -25.20% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -38.62% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -38.62% | +2.00% |
Current DrawdownCurrent decline from peak | -6.93% | -4.08% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -36.82% | -9.68% | -27.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.01% | 5.08% | +2.93% |
Volatility
FDEGX vs. IWP - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 6.56% compared to iShares Russell Mid-Cap Growth ETF (IWP) at 4.62%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEGX | IWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 4.62% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 12.93% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 16.71% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.35% | 22.34% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 21.70% | +0.37% |
FDEGX vs. IWP - Expense Ratio Comparison
FDEGX has a 0.63% expense ratio, which is higher than IWP's 0.23% expense ratio.
Dividends
FDEGX vs. IWP - Dividend Comparison
FDEGX has not paid dividends to shareholders, while IWP's dividend yield for the trailing twelve months is around 0.33%.
| 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% |
IWP iShares Russell Mid-Cap Growth ETF | 0.33% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
With a correlation of 0.93, FDEGX and IWP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FDEGX has higher volatility (6.56%) compared to IWP (4.62%). In terms of maximum drawdown, FDEGX dropped -85.96% vs IWP's -56.92%.
IWP currently has the higher Sharpe Ratio (0.17 vs 0.13), 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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