FFLC vs. MGK
Compare and contrast key facts about Fidelity Fundamental Large Cap Core ETF (FFLC) and Vanguard Mega Cap Growth ETF (MGK).
FFLC and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLC or MGK.
Key characteristics
| FFLC | MGK | |
|---|---|---|
| YTD Return | 17.78% | 12.63% |
| 1Y Return | 38.83% | 39.11% |
| 3Y Return (Ann) | 14.51% | 11.47% |
| Sharpe Ratio | 2.94 | 2.44 |
| Daily Std Dev | 12.89% | 16.09% |
| Max Drawdown | -15.87% | -48.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFLC and MGK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FFLC vs. MGK - Performance Comparison
In the year-to-date period, FFLC achieves a 17.78% return, which is significantly higher than MGK's 12.63% 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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FFLC vs. MGK - Expense Ratio Comparison
FFLC has a 0.38% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
FFLC vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) and Vanguard Mega Cap Growth ETF (MGK). 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
FFLC vs. MGK - Dividend Comparison
FFLC's dividend yield for the trailing twelve months is around 0.44%, less than MGK's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | 0.44% | 0.57% | 1.67% | 1.68% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGK Vanguard Mega Cap Growth ETF | 0.45% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
FFLC vs. MGK - Drawdown Comparison
The maximum FFLC drawdown since its inception was -15.87%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for FFLC and MGK. For additional features, visit the drawdowns tool.
Volatility
FFLC vs. MGK - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Core ETF (FFLC) is 3.77%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.39%. This indicates that FFLC experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.