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 11.32%/yr vs 16.76%/yr for MXXIX. Their correlation of 0.90 means they have usually moved in the same direction. FDEGX charges 0.69%/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 4.13% return, which is significantly lower than MXXIX's 14.63% return. Over the past 10 years, FDEGX has underperformed MXXIX with an annualized return of 11.32%, while MXXIX has yielded a comparatively higher 16.76% annualized return.
FDEGX
- 1D
- 0.48%
- 1M
- -6.20%
- 6M
- 3.37%
- YTD
- 4.13%
- 1Y
- -5.01%
- 3Y*
- 11.67%
- 5Y*
- 4.78%
- 10Y*
- 11.32%
- ALL TIME*
- 9.44%
MXXIX
- 1D
- 0.17%
- 1M
- -3.22%
- 6M
- 9.01%
- YTD
- 14.63%
- 1Y
- 20.24%
- 3Y*
- 29.73%
- 5Y*
- 11.16%
- 10Y*
- 16.76%
- ALL TIME*
- 9.37%
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. MXXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 4.13% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
MXXIX Marsico Midcap Growth Focus Fund | 14.63% | 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 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
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 0.89 to 0.93 - 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 | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.16 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.38 | -1.71 |
| Martin ratioReturn relative to average drawdown | -0.80 | 4.75 | -5.55 |
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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 | -10.69% | -5.13% | -5.56% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -18.27% | -18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 3.78% | +4.67% |
Volatility
FDEGX vs. MXXIX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.75% compared to Marsico Midcap Growth Focus Fund (MXXIX) at 4.69%. 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 | 7.75% | 4.69% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 16.58% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 20.41% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 22.96% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 21.87% | +0.36% |
FDEGX vs. MXXIX - Expense Ratio Comparison
FDEGX has a 0.69% 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 10.42%.
| 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 | 10.42% | 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
FDEGX and MXXIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (7.75%) compared to MXXIX (4.69%). In terms of maximum drawdown, FDEGX dropped -85.96% vs MXXIX's -62.49%.
MXXIX currently has the higher Sharpe Ratio (0.88 vs -0.28), 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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