FDGRX vs. VSGIX

Last updated Aug 2, 2026

FDGRX (Fidelity Growth Company Fund) and VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) are both mutual funds - FDGRX is a Large Cap Growth Equities fund actively managed by Fidelity, while VSGIX is a Small Cap Growth Equities fund managed by Vanguard. Over the past 10 years, FDGRX returned 21.52%/yr vs 10.77%/yr for VSGIX. Their correlation of 0.89 means they have usually moved in the same direction. FDGRX charges 0.52%/yr vs 0.06%/yr for VSGIX.

Performance

FDGRX vs. VSGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Company Fund (FDGRX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDGRX achieves a 15.01% return, which is significantly higher than VSGIX's 13.37% return. Over the past 10 years, FDGRX has outperformed VSGIX with an annualized return of 21.52%, while VSGIX has yielded a comparatively lower 10.77% annualized return.

FDGRX

• 1D: 2.88%
• 1M: -4.50%
• 6M: 12.24%
• YTD: 15.01%
• 1Y: 27.79%
• 3Y*: 25.32%
• 5Y*: 13.97%
• 10Y*: 21.52%
• ALL TIME*: 14.94%

VSGIX

• 1D: 2.22%
• 1M: -4.69%
• 6M: 9.37%
• YTD: 13.37%
• 1Y: 23.57%
• 3Y*: 13.22%
• 5Y*: 4.18%
• 10Y*: 10.77%
• ALL TIME*: 9.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDGRX Fidelity Growth Company Fund	$0.00	$0.00	$0.00
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	$0.00	$0.00	$0.00

FDGRX vs. VSGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGRX Fidelity Growth Company Fund	15.01%	18.54%	37.18%	47.25%	-33.86%	22.57%	67.42%	38.40%	-4.14%	36.76%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	13.37%	8.44%	14.95%	23.07%	-28.39%	5.70%	35.29%	32.77%	-5.70%	21.94%

Correlation

The correlation between FDGRX and VSGIX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since May 24, 2000	0.89

The correlation between FDGRX and VSGIX shifts across timeframes, from 0.76 (3 years) to 0.89 (all time), reflecting how their relationship changes across market environments.

FDGRX vs. VSGIX - Sectors Allocation Comparison

Sectors	FDGRX	VSGIX
Technology	55.4%	27.1%
Communication Services	13.4%	3.6%
Healthcare	11.0%	17.9%
Consumer Cyclical	10.8%	8.9%
Financial Services	2.9%	5.7%
Industrials	2.8%	23.4%
Consumer Defensive	2.5%	2.0%
Basic Materials	0.6%	3.1%
Energy	0.5%	3.4%
Real Estate	0.1%	3.7%
Utilities	-	1.1%

Return for Risk

FDGRX vs. VSGIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDGRX

FDGRX Risk / Return Rank: 49
FDGRX Sharpe Ratio Rank: 46
FDGRX Sortino Ratio Rank: 42
FDGRX Omega Ratio Rank: 42
FDGRX Calmar Ratio Rank: 64
FDGRX Martin Ratio Rank: 51

VSGIX

VSGIX Risk / Return Rank: 36
VSGIX Sharpe Ratio Rank: 31
VSGIX Sortino Ratio Rank: 31
VSGIX Omega Ratio Rank: 29
VSGIX Calmar Ratio Rank: 48
VSGIX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDGRX vs. VSGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company Fund (FDGRX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX). 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	VSGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	0.97	+0.27
Sortino ratio: Return per unit of downside risk	1.71	1.46	+0.25
Omega ratio: Gain probability vs. loss probability	1.22	1.17	+0.05
Calmar ratio: Return relative to maximum drawdown	2.04	1.77	+0.26
Martin ratio: Return relative to average drawdown	6.83	6.04	+0.79

FDGRX vs. VSGIX - Sharpe Ratio Comparison

The current FDGRX Sharpe Ratio is 1.24, which is comparable to the VSGIX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FDGRX and VSGIX, 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. VSGIX - Drawdown Comparison

The maximum FDGRX drawdown since its inception was -71.62%, which is greater than VSGIX's maximum drawdown of -58.66%. Use the drawdown chart below to compare losses from any high point for FDGRX and VSGIX.

Drawdown Indicators

	FDGRX	VSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-71.62%	-58.66%	-12.96%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-11.38%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-26.19%	-27.47%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	-38.36%	-1.89%
Max Drawdown (10Y) Largest decline over 10 years	-40.25%	-38.70%	-1.55%
Current Drawdown Current decline from peak	-7.06%	-6.65%	-0.41%
Average Drawdown Average peak-to-trough decline	-15.86%	-11.29%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	3.35%	+0.39%

Volatility

FDGRX vs. VSGIX - Volatility Comparison

Fidelity Growth Company Fund (FDGRX) has a higher volatility of 6.23% compared to Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) at 5.23%. This indicates that FDGRX's price experiences larger fluctuations and is considered to be riskier than VSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGRX	VSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	5.23%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	16.14%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	20.71%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	23.74%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.50%	23.03%	+0.47%

FDGRX vs. VSGIX - Expense Ratio Comparison

FDGRX has a 0.52% expense ratio, which is higher than VSGIX's 0.06% expense ratio.

Dividends

FDGRX vs. VSGIX - Dividend Comparison

FDGRX has not paid dividends to shareholders, while VSGIX's dividend yield for the trailing twelve months is around 0.45%.

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%
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares	0.45%	0.55%	0.55%	0.68%	0.56%	0.37%	0.45%	0.58%	0.80%	0.82%	1.09%	0.98%

Frequently Asked Questions

Can I hold both FDGRX and VSGIX in my portfolio?

FDGRX and VSGIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDGRX or VSGIX?

FDGRX has higher volatility (6.23%) compared to VSGIX (5.23%). In terms of maximum drawdown, FDGRX dropped -71.62% vs VSGIX's -58.66%.

Which has better risk-adjusted returns?

FDGRX currently has the higher Sharpe Ratio (1.24 vs 0.97), 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.