FDEGX vs. VMGMX
FDEGX (Fidelity Growth Strategies Fund) and VMGMX (Vanguard Mid-Cap Growth Index Fund Admiral Shares) are both Mid Cap Growth Equities funds. FDEGX is actively managed, while VMGMX is passively managed. Over the past 10 years, FDEGX returned 11.32%/yr vs 11.65%/yr for VMGMX. Their 0.96 correlation means they have historically moved very closely together. FDEGX charges 0.69%/yr vs 0.07%/yr for VMGMX.
Performance
FDEGX vs. VMGMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDEGX achieves a 4.13% return, which is significantly lower than VMGMX's 6.22% return. Both investments have delivered pretty close results over the past 10 years, with FDEGX having a 11.32% annualized return and VMGMX not far ahead at 11.65%.
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%
VMGMX
- 1D
- 0.20%
- 1M
- -1.87%
- 6M
- 6.87%
- YTD
- 6.22%
- 1Y
- 4.11%
- 3Y*
- 12.47%
- 5Y*
- 4.87%
- 10Y*
- 11.65%
- ALL TIME*
- 12.37%
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. VMGMX - 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% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 6.22% | 10.69% | 15.65% | 23.93% | -28.84% | 20.48% | 34.45% | 33.85% | -5.61% | 21.83% |
Correlation
The correlation between FDEGX and VMGMX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011 | 0.96 |
The correlation between FDEGX and VMGMX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDEGX vs. VMGMX — Risk / Return Rank
FDEGX
VMGMX
FDEGX vs. VMGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). 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 | VMGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.14 | -0.47 |
| Martin ratioReturn relative to average drawdown | -0.80 | 0.40 | -1.20 |
Loading charts...
Drawdowns
FDEGX vs. VMGMX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than VMGMX's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for FDEGX and VMGMX.
Loading charts...
Drawdown Indicators
| FDEGX | VMGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -37.17% | -48.79% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -15.95% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -21.65% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -37.17% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -37.17% | +0.55% |
Current DrawdownCurrent decline from peak | -10.69% | -3.57% | -7.12% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -6.97% | -29.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 5.41% | +3.04% |
Volatility
FDEGX vs. VMGMX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.75% compared to Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) at 4.16%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than VMGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FDEGX | VMGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 4.16% | +3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 13.94% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 17.30% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 21.62% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 21.03% | +1.20% |
FDEGX vs. VMGMX - Expense Ratio Comparison
FDEGX has a 0.69% expense ratio, which is higher than VMGMX's 0.07% expense ratio.
Dividends
FDEGX vs. VMGMX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while VMGMX's dividend yield for the trailing twelve months is around 0.61%.
| 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% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.61% | 0.64% | 0.67% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% |
Frequently Asked Questions
With a correlation of 0.93, FDEGX and VMGMX 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 (7.75%) compared to VMGMX (4.16%). In terms of maximum drawdown, FDEGX dropped -85.96% vs VMGMX's -37.17%.
VMGMX currently has the higher Sharpe Ratio (0.13 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.
Find the right allocation for FDEGX and VMGMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer