FECGX vs. VGT

Last updated Aug 1, 2026

FECGX (Fidelity Small Cap Growth Index Fund) and VGT (Vanguard Information Technology ETF) are both funds - FECGX is a Small Cap Growth Equities fund tracking the Russell 2000 Growth Index, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 5 years, FECGX returned 5.35%/yr vs 17.81%/yr for VGT. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FECGX charges 0.05%/yr vs 0.09%/yr for VGT.

Performance

FECGX vs. VGT - Performance Comparison

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

Returns By Period

In the year-to-date period, FECGX achieves a 15.86% return, which is significantly lower than VGT's 20.36% return.

FECGX

• 1D: 2.65%
• 1M: -3.50%
• 6M: 11.42%
• YTD: 15.86%
• 1Y: 31.92%
• 3Y*: 14.66%
• 5Y*: 5.35%
• 10Y*: —
• ALL TIME*: 10.05%

VGT

• 1D: -0.38%
• 1M: -1.30%
• 6M: 21.30%
• YTD: 20.36%
• 1Y: 34.81%
• 3Y*: 26.48%
• 5Y*: 17.81%
• 10Y*: 24.06%
• ALL TIME*: 14.84%

*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)
FECGX Fidelity Small Cap Growth Index Fund	$0.00	$0.00	$0.00
VGT Vanguard Information Technology ETF	$440.89M	$515.41M	$573.34M

FECGX vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FECGX Fidelity Small Cap Growth Index Fund	15.86%	13.04%	15.26%	18.90%	-26.17%	2.83%	34.41%	7.11%
VGT Vanguard Information Technology ETF	20.36%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	13.15%

Correlation

The correlation between FECGX and VGT is 0.76, 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.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.77

The correlation between FECGX and VGT has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

FECGX vs. VGT — Risk / Return Rank

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

FECGX

FECGX Risk / Return Rank: 48
FECGX Sharpe Ratio Rank: 47
FECGX Sortino Ratio Rank: 49
FECGX Omega Ratio Rank: 40
FECGX Calmar Ratio Rank: 56
FECGX Martin Ratio Rank: 49

VGT

VGT Risk / Return Rank: 52
VGT Sharpe Ratio Rank: 55
VGT Sortino Ratio Rank: 52
VGT Omega Ratio Rank: 50
VGT Calmar Ratio Rank: 55
VGT Martin Ratio Rank: 46

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.

FECGX vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth Index Fund (FECGX) and Vanguard Information Technology ETF (VGT). 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.

	FECGX	VGT	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.31	-0.04
Sortino ratio: Return per unit of downside risk	1.85	1.82	+0.03
Omega ratio: Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio: Return relative to maximum drawdown	1.92	1.94	-0.02
Martin ratio: Return relative to average drawdown	6.64	5.23	+1.41

FECGX vs. VGT - Sharpe Ratio Comparison

The current FECGX Sharpe Ratio is 1.27, which is comparable to the VGT Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FECGX and VGT, 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

FECGX vs. VGT - Drawdown Comparison

The maximum FECGX drawdown since its inception was -41.85%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FECGX and VGT.

Drawdown Indicators

	FECGX	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-54.63%	+12.78%
Max Drawdown (1Y) Largest decline over 1 year	-14.81%	-16.40%	+1.59%
Max Drawdown (3Y) Largest decline over 3 years	-28.45%	-27.23%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-40.34%	-35.07%	-5.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.07%	—
Current Drawdown Current decline from peak	-5.23%	-9.93%	+4.70%
Average Drawdown Average peak-to-trough decline	-15.46%	-7.95%	-7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	6.07%	-1.79%

Volatility

FECGX vs. VGT - Volatility Comparison

The current volatility for Fidelity Small Cap Growth Index Fund (FECGX) is 5.75%, while Vanguard Information Technology ETF (VGT) has a volatility of 8.42%. This indicates that FECGX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FECGX	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	8.42%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	17.18%	20.14%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	22.42%	24.28%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.68%	25.83%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.10%	24.89%	+2.21%

FECGX vs. VGT - Expense Ratio Comparison

FECGX has a 0.05% expense ratio, which is lower than VGT's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FECGX vs. VGT - Dividend Comparison

FECGX's dividend yield for the trailing twelve months is around 0.47%, more than VGT's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FECGX Fidelity Small Cap Growth Index Fund	0.47%	0.54%	1.25%	0.81%	0.80%	3.43%	1.00%	0.29%	0.00%	0.00%	0.00%	0.00%
VGT Vanguard Information Technology ETF	0.38%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both FECGX and VGT in my portfolio?

FECGX and VGT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FECGX or VGT?

VGT has higher volatility (8.42%) compared to FECGX (5.75%). In terms of maximum drawdown, FECGX dropped -41.85% vs VGT's -54.63%.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (1.31 vs 1.27), 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.