Correlation
The correlation between FDGRX and SPY is 0.88, 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.
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.
Performance
FDGRX vs. SPY - Performance Comparison
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Key characteristics
FDGRX:
0.49
SPY:
0.68
FDGRX:
0.75
SPY:
1.11
FDGRX:
1.10
SPY:
1.16
FDGRX:
0.42
SPY:
0.75
FDGRX:
1.30
SPY:
2.86
FDGRX:
8.46%
SPY:
4.93%
FDGRX:
27.09%
SPY:
20.44%
FDGRX:
-71.50%
SPY:
-55.19%
FDGRX:
-6.63%
SPY:
-3.01%
Returns By Period
In the year-to-date period, FDGRX achieves a -2.18% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, FDGRX has outperformed SPY with an annualized return of 17.80%, while SPY has yielded a comparatively lower 12.88% annualized return.
FDGRX
-2.18%
7.81%
-2.27%
13.23%
21.17%
18.00%
17.80%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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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 Rank
FDGRX
SPY
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.
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Dividends
FDGRX vs. SPY - Dividend Comparison
FDGRX's dividend yield for the trailing twelve months is around 9.06%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGRX Fidelity Growth Company Fund | 9.06% | 8.86% | 3.83% | 7.20% | 10.67% | 8.86% | 3.84% | 6.38% | 4.73% | 6.23% | 3.92% | 3.94% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
FDGRX vs. SPY - Volatility Comparison
Fidelity Growth Company Fund (FDGRX) has a higher volatility of 6.13% compared to SPDR S&P 500 ETF (SPY) at 4.85%. 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.
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