FDEGX vs. ^GSPC
Compare and contrast key facts about Fidelity Growth Strategies Fund (FDEGX) and S&P 500 (^GSPC).
FDEGX is managed by Fidelity. It was launched on Dec 28, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEGX or ^GSPC.
Correlation
The correlation between FDEGX and ^GSPC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDEGX vs. ^GSPC - Performance Comparison
Key characteristics
FDEGX:
1.87
^GSPC:
2.10
FDEGX:
2.52
^GSPC:
2.80
FDEGX:
1.33
^GSPC:
1.39
FDEGX:
1.18
^GSPC:
3.09
FDEGX:
10.92
^GSPC:
13.49
FDEGX:
2.98%
^GSPC:
1.94%
FDEGX:
17.39%
^GSPC:
12.52%
FDEGX:
-85.76%
^GSPC:
-56.78%
FDEGX:
-7.08%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FDEGX achieves a 30.23% return, which is significantly higher than ^GSPC's 24.34% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 8.77%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
FDEGX
30.23%
-1.93%
15.53%
30.56%
7.33%
8.77%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FDEGX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and S&P 500 (^GSPC). 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.
Drawdowns
FDEGX vs. ^GSPC - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.76%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FDEGX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FDEGX vs. ^GSPC - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.15% compared to S&P 500 (^GSPC) at 3.79%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.