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 0.83, 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:
0.70
^GSPC:
1.62
FDEGX:
1.00
^GSPC:
2.20
FDEGX:
1.14
^GSPC:
1.30
FDEGX:
0.62
^GSPC:
2.46
FDEGX:
2.60
^GSPC:
10.01
FDEGX:
5.46%
^GSPC:
2.08%
FDEGX:
20.44%
^GSPC:
12.88%
FDEGX:
-85.76%
^GSPC:
-56.78%
FDEGX:
-14.59%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FDEGX achieves a 1.78% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 7.32%, while ^GSPC has yielded a comparatively higher 11.07% annualized return.
FDEGX
1.78%
-6.72%
4.74%
11.67%
5.57%
7.32%
^GSPC
2.24%
-1.44%
6.72%
18.16%
14.02%
11.07%
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Risk-Adjusted Performance
FDEGX vs. ^GSPC — Risk-Adjusted Performance Rank
FDEGX
^GSPC
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 7.73% compared to S&P 500 (^GSPC) at 3.43%. 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.