Correlation
The correlation between FGDKX and JGVVX is 0.92, 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.
FGDKX vs. JGVVX
Compare and contrast key facts about Fidelity Growth Discovery Fund Class K (FGDKX) and JPMorgan Growth Advantage Fund (JGVVX).
FGDKX is managed by Fidelity. It was launched on May 9, 2008. JGVVX is managed by JPMorgan. It was launched on Dec 23, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDKX or JGVVX.
Performance
FGDKX vs. JGVVX - Performance Comparison
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Key characteristics
FGDKX:
0.53
JGVVX:
0.61
FGDKX:
0.78
JGVVX:
0.91
FGDKX:
1.11
JGVVX:
1.13
FGDKX:
0.44
JGVVX:
0.57
FGDKX:
1.51
JGVVX:
1.85
FGDKX:
6.86%
JGVVX:
7.51%
FGDKX:
23.34%
JGVVX:
25.80%
FGDKX:
-55.39%
JGVVX:
-34.92%
FGDKX:
-4.61%
JGVVX:
-4.98%
Returns By Period
In the year-to-date period, FGDKX achieves a 0.71% return, which is significantly higher than JGVVX's 0.42% return. Both investments have delivered pretty close results over the past 10 years, with FGDKX having a 15.91% annualized return and JGVVX not far ahead at 16.27%.
FGDKX
0.71%
6.27%
-1.55%
12.20%
18.01%
16.77%
15.91%
JGVVX
0.42%
6.40%
-1.36%
15.58%
18.69%
16.72%
16.27%
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FGDKX vs. JGVVX - Expense Ratio Comparison
FGDKX has a 0.68% expense ratio, which is higher than JGVVX's 0.55% expense ratio.
Risk-Adjusted Performance
FGDKX vs. JGVVX — Risk-Adjusted Performance Rank
FGDKX
JGVVX
FGDKX vs. JGVVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund Class K (FGDKX) and JPMorgan Growth Advantage Fund (JGVVX). 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
FGDKX vs. JGVVX - Dividend Comparison
FGDKX's dividend yield for the trailing twelve months is around 12.73%, more than JGVVX's 5.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGDKX Fidelity Growth Discovery Fund Class K | 12.73% | 12.82% | 2.63% | 3.69% | 13.53% | 9.77% | 4.37% | 5.13% | 5.05% | 0.15% | 0.28% | 0.28% |
JGVVX JPMorgan Growth Advantage Fund | 5.58% | 5.61% | 0.58% | 0.38% | 14.11% | 9.86% | 9.28% | 9.37% | 4.04% | 0.00% | 3.42% | 3.83% |
Drawdowns
FGDKX vs. JGVVX - Drawdown Comparison
The maximum FGDKX drawdown since its inception was -55.39%, which is greater than JGVVX's maximum drawdown of -34.92%. Use the drawdown chart below to compare losses from any high point for FGDKX and JGVVX.
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Volatility
FGDKX vs. JGVVX - Volatility Comparison
Fidelity Growth Discovery Fund Class K (FGDKX) and JPMorgan Growth Advantage Fund (JGVVX) have volatilities of 5.62% and 5.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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