FDEGX vs. VHCOX
FDEGX (Fidelity Growth Strategies Fund) and VHCOX (Vanguard Capital Opportunity Fund Investor Shares) are both Mid Cap Growth Equities funds. Both are actively managed. Over the past 10 years, FDEGX returned 11.32%/yr vs 16.08%/yr for VHCOX. Their correlation of 0.88 means they have usually moved in the same direction. FDEGX charges 0.69%/yr vs 0.40%/yr for VHCOX.
Performance
FDEGX vs. VHCOX - 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 VHCOX's 20.16% return. Over the past 10 years, FDEGX has underperformed VHCOX with an annualized return of 11.32%, while VHCOX has yielded a comparatively higher 16.08% 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%
VHCOX
- 1D
- -0.01%
- 1M
- -3.89%
- 6M
- 13.24%
- YTD
- 20.16%
- 1Y
- 43.28%
- 3Y*
- 22.48%
- 5Y*
- 12.69%
- 10Y*
- 16.08%
- ALL TIME*
- 13.24%
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. VHCOX - 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% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 20.16% | 25.74% | 14.00% | 25.55% | -17.61% | 20.85% | 22.73% | 27.20% | -3.76% | 28.28% |
Correlation
The correlation between FDEGX and VHCOX is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 1995 | 0.88 |
The correlation between FDEGX and VHCOX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
FDEGX vs. VHCOX — Risk / Return Rank
FDEGX
VHCOX
FDEGX vs. VHCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Vanguard Capital Opportunity Fund Investor Shares (VHCOX). 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 | VHCOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 3.35 | -3.68 |
| Martin ratioReturn relative to average drawdown | -0.80 | 12.16 | -12.96 |
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Drawdowns
FDEGX vs. VHCOX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than VHCOX's maximum drawdown of -54.76%. Use the drawdown chart below to compare losses from any high point for FDEGX and VHCOX.
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Drawdown Indicators
| FDEGX | VHCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -54.76% | -31.20% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -12.43% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -23.87% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -27.59% | -9.03% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -33.78% | -2.84% |
Current DrawdownCurrent decline from peak | -10.69% | -7.93% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -9.97% | -26.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 3.42% | +5.03% |
Volatility
FDEGX vs. VHCOX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.75% compared to Vanguard Capital Opportunity Fund Investor Shares (VHCOX) at 6.42%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than VHCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEGX | VHCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 6.42% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 17.10% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 20.12% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 20.40% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 20.51% | +1.72% |
FDEGX vs. VHCOX - Expense Ratio Comparison
FDEGX has a 0.69% expense ratio, which is higher than VHCOX's 0.40% expense ratio.
Dividends
FDEGX vs. VHCOX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while VHCOX's dividend yield for the trailing twelve months is around 8.00%.
| 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% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 8.00% | 9.62% | 8.16% | 2.33% | 9.26% | 10.44% | 9.10% | 6.41% | 12.11% | 3.87% | 5.66% | 5.30% |
Frequently Asked Questions
FDEGX and VHCOX have a correlation of 0.83, 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 VHCOX (6.42%). In terms of maximum drawdown, FDEGX dropped -85.96% vs VHCOX's -54.76%.
VHCOX currently has the higher Sharpe Ratio (2.08 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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