FDGRX vs. FTEC

Last updated Jun 24, 2026

FDGRX (Fidelity Growth Company Fund) and FTEC (Fidelity MSCI Information Technology Index ETF) are both funds - FDGRX is a Large Cap Growth Equities fund actively managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. FDGRX is actively managed, while FTEC is passively managed. Over the past 10 years, FDGRX returned 23.44%/yr vs 25.28%/yr for FTEC. Their correlation of 0.93 suggests significant overlap in exposure. FDGRX charges 0.52%/yr vs 0.08%/yr for FTEC.

Performance

FDGRX vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Company Fund (FDGRX) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDGRX achieves a 21.71% return, which is significantly lower than FTEC's 23.56% return. Over the past 10 years, FDGRX has underperformed FTEC with an annualized return of 23.44%, while FTEC has yielded a comparatively higher 25.28% annualized return.

FDGRX

• 1D: -1.05%
• 1M: 1.13%
• YTD: 21.71%
• 6M: 14.48%
• 1Y: 44.78%
• 3Y*: 30.10%
• 5Y*: 15.67%
• 10Y*: 23.44%

FTEC

• 1D: -3.70%
• 1M: 0.35%
• YTD: 23.56%
• 6M: 21.69%
• 1Y: 47.58%
• 3Y*: 30.58%
• 5Y*: 19.77%
• 10Y*: 25.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDGRX vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGRX Fidelity Growth Company Fund	21.71%	18.54%	37.18%	47.25%	-33.86%	22.57%	67.42%	38.40%	-4.14%	36.76%
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between FDGRX and FTEC is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.93

The correlation between FDGRX and FTEC has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

FDGRX vs. FTEC - Sectors Allocation Comparison

Sectors	FDGRX	FTEC
Technology	53.5%	98.3%
Communication Services	14.1%	0.0%
Consumer Cyclical	11.5%	0.0%
Healthcare	11.3%	-
Financial Services	3.0%	0.6%
Industrials	2.7%	0.6%
Consumer Defensive	2.6%	-
Basic Materials	0.6%	0.0%
Energy	0.5%	0.3%
Real Estate	0.2%	-
Utilities	-	-

Return for Risk

FDGRX vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDGRX

FDGRX Risk / Return Rank: 72
FDGRX Sharpe Ratio Rank: 78
FDGRX Sortino Ratio Rank: 58
FDGRX Omega Ratio Rank: 63
FDGRX Calmar Ratio Rank: 83
FDGRX Martin Ratio Rank: 77

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDGRX vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company Fund (FDGRX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	FDGRX	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.10	+0.27
Sortino ratio: Return per unit of downside risk	2.94	2.63	+0.30
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	3.68	2.94	+0.74
Martin ratio: Return relative to average drawdown	13.48	9.03	+4.46

FDGRX vs. FTEC - Sharpe Ratio Comparison

The current FDGRX Sharpe Ratio is 2.37, which is comparable to the FTEC Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FDGRX and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDGRX vs. FTEC - Drawdown Comparison

The maximum FDGRX drawdown since its inception was -71.62%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDGRX and FTEC.

Drawdown Indicators

	FDGRX	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-71.62%	-34.95%	-36.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-16.26%	+3.66%
Max Drawdown (3Y) Largest decline over 3 years	-26.19%	-27.30%	+1.11%
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	-34.95%	-5.30%
Max Drawdown (10Y) Largest decline over 10 years	-40.25%	-34.95%	-5.30%
Current Drawdown Current decline from peak	-1.66%	-7.72%	+6.06%
Average Drawdown Average peak-to-trough decline	-15.89%	-5.57%	-10.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	5.28%	-1.86%

Volatility

FDGRX vs. FTEC - Volatility Comparison

The current volatility for Fidelity Growth Company Fund (FDGRX) is 7.45%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 11.42%. This indicates that FDGRX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGRX	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	11.42%	-3.97%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	18.65%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	22.79%	-3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.11%	25.60%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.48%	24.86%	-1.38%

FDGRX vs. FTEC - Expense Ratio Comparison

FDGRX has a 0.52% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

FDGRX vs. FTEC - Dividend Comparison

FDGRX has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGRX Fidelity Growth Company Fund	0.00%	0.00%	8.86%	3.83%	7.20%	10.67%	8.86%	3.84%	6.38%	4.73%	6.16%	3.92%
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FDGRX and FTEC in my portfolio?

With a correlation of 0.92, FDGRX and FTEC 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.

Which is riskier, FDGRX or FTEC?

FTEC has higher volatility (11.42%) compared to FDGRX (7.45%). In terms of maximum drawdown, FDGRX dropped -71.62% vs FTEC's -34.95%.

Which has better risk-adjusted returns?

FDGRX currently has the higher Sharpe Ratio (2.37 vs 2.10), 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.