FDEGX vs. MXXIX
FDEGX (Fidelity Growth Strategies Fund) and MXXIX (Marsico Midcap Growth Focus Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, FDEGX returned 11.95%/yr vs 17.00%/yr for MXXIX. Their correlation of 0.90 suggests significant overlap in exposure. FDEGX charges 0.63%/yr vs 1.33%/yr for MXXIX.
Performance
FDEGX vs. MXXIX - Performance Comparison
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Returns By Period
In the year-to-date period, FDEGX achieves a 10.49% return, which is significantly lower than MXXIX's 16.67% return. Over the past 10 years, FDEGX has underperformed MXXIX with an annualized return of 11.95%, while MXXIX has yielded a comparatively higher 17.00% annualized return.
FDEGX
- 1D
- 1.64%
- 1M
- -0.98%
- 6M
- 6.13%
- YTD
- 10.49%
- 1Y
- 1.97%
- 3Y*
- 15.01%
- 5Y*
- 6.59%
- 10Y*
- 11.95%
MXXIX
- 1D
- 1.32%
- 1M
- 1.16%
- 6M
- 10.07%
- YTD
- 16.67%
- 1Y
- 23.38%
- 3Y*
- 31.27%
- 5Y*
- 12.11%
- 10Y*
- 17.00%
FDEGX vs. MXXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 10.49% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
MXXIX Marsico Midcap Growth Focus Fund | 16.67% | 26.09% | 42.95% | 21.71% | -31.84% | 12.04% | 45.34% | 29.88% | 1.76% | 30.05% |
Correlation
The correlation between FDEGX and MXXIX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000 | 0.90 |
The correlation between FDEGX and MXXIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FDEGX vs. MXXIX — Risk / Return Rank
FDEGX
MXXIX
FDEGX vs. MXXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Marsico Midcap Growth Focus Fund (MXXIX). 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 | MXXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.20 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.75 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.06 | 6.52 | -6.46 |
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Drawdowns
FDEGX vs. MXXIX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than MXXIX's maximum drawdown of -62.49%. Use the drawdown chart below to compare losses from any high point for FDEGX and MXXIX.
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Drawdown Indicators
| FDEGX | MXXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -62.49% | -23.47% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -13.07% | -7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -20.05% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -40.59% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -40.59% | +3.97% |
Current DrawdownCurrent decline from peak | -5.24% | -3.44% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -36.73% | -18.30% | -18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 3.49% | +4.63% |
Volatility
FDEGX vs. MXXIX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 8.19% compared to Marsico Midcap Growth Focus Fund (MXXIX) at 7.20%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than MXXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEGX | MXXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 7.20% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 17.56% | 16.53% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 20.28% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.59% | 22.98% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.13% | 21.85% | +0.28% |
FDEGX vs. MXXIX - Expense Ratio Comparison
FDEGX has a 0.63% expense ratio, which is lower than MXXIX's 1.33% expense ratio.
Dividends
FDEGX vs. MXXIX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while MXXIX's dividend yield for the trailing twelve months is around 10.24%.
| 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% |
MXXIX Marsico Midcap Growth Focus Fund | 10.24% | 11.95% | 9.18% | 1.24% | 0.00% | 14.22% | 2.83% | 3.26% | 5.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, FDEGX and MXXIX 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 (8.19%) compared to MXXIX (7.20%). In terms of maximum drawdown, FDEGX dropped -85.96% vs MXXIX's -62.49%.
MXXIX currently has the higher Sharpe Ratio (1.13 vs 0.02), 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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