FDGRX vs. SPY
Compare and contrast key facts about Fidelity Growth Company Fund (FDGRX) and SPDR S&P 500 ETF (SPY).
FDGRX is managed by Fidelity. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDGRX or SPY.
Key characteristics
FDGRX | SPY | |
---|---|---|
YTD Return | 13.66% | 7.90% |
1Y Return | 43.96% | 28.03% |
3Y Return (Ann) | 8.69% | 8.75% |
5Y Return (Ann) | 20.44% | 13.52% |
10Y Return (Ann) | 18.58% | 12.62% |
Sharpe Ratio | 2.38 | 2.33 |
Daily Std Dev | 18.21% | 11.63% |
Max Drawdown | -71.50% | -55.19% |
Current Drawdown | -2.34% | -2.27% |
Correlation
The correlation between FDGRX and SPY is 0.86, 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
FDGRX vs. SPY - Performance Comparison
In the year-to-date period, FDGRX achieves a 13.66% return, which is significantly higher than SPY's 7.90% return. Over the past 10 years, FDGRX has outperformed SPY with an annualized return of 18.58%, while SPY has yielded a comparatively lower 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDGRX vs. SPY - Expense Ratio Comparison
FDGRX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDGRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company Fund (FDGRX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FDGRX vs. SPY - Dividend Comparison
FDGRX's dividend yield for the trailing twelve months is around 3.37%, more than SPY's 1.31% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity Growth Company Fund | 3.37% | 3.83% | 7.20% | 10.67% | 8.86% | 3.84% | 6.38% | 4.73% | 6.23% | 3.92% | 4.03% | 7.12% |
SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FDGRX vs. SPY - Drawdown Comparison
The maximum FDGRX drawdown since its inception was -71.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDGRX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDGRX vs. SPY - Volatility Comparison
Fidelity Growth Company Fund (FDGRX) has a higher volatility of 6.71% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that FDGRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.