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:
0.44
^GSPC:
0.46
FDEGX:
0.78
^GSPC:
0.77
FDEGX:
1.11
^GSPC:
1.11
FDEGX:
0.46
^GSPC:
0.47
FDEGX:
1.51
^GSPC:
1.94
FDEGX:
7.89%
^GSPC:
4.61%
FDEGX:
27.08%
^GSPC:
19.44%
FDEGX:
-85.76%
^GSPC:
-56.78%
FDEGX:
-14.03%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, FDEGX achieves a -4.55% return, which is significantly higher than ^GSPC's -6.06% return. Both investments have delivered pretty close results over the past 10 years, with FDEGX having a 10.16% annualized return and ^GSPC not far ahead at 10.27%.
FDEGX
-4.55%
3.56%
-0.98%
10.99%
12.60%
10.16%
^GSPC
-6.06%
-1.00%
-4.87%
8.34%
14.11%
10.27%
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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 17.09% compared to S&P 500 (^GSPC) at 14.23%. 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.