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:
-0.29
^GSPC:
-0.17
FDEGX:
-0.23
^GSPC:
-0.11
FDEGX:
0.97
^GSPC:
0.98
FDEGX:
-0.27
^GSPC:
-0.15
FDEGX:
-1.05
^GSPC:
-0.79
FDEGX:
6.47%
^GSPC:
3.36%
FDEGX:
23.77%
^GSPC:
15.95%
FDEGX:
-85.76%
^GSPC:
-56.78%
FDEGX:
-25.62%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, FDEGX achieves a -17.42% return, which is significantly lower than ^GSPC's -13.73% return. Over the past 10 years, FDEGX has underperformed ^GSPC with an annualized return of 8.44%, while ^GSPC has yielded a comparatively higher 9.37% annualized return.
FDEGX
-17.42%
-15.04%
-12.54%
-5.43%
12.94%
8.44%
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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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 13.80% compared to S&P 500 (^GSPC) at 9.30%. 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.