FGDKX vs. VGT
Compare and contrast key facts about Fidelity Growth Discovery Fund Class K (FGDKX) and Vanguard Information Technology ETF (VGT).
FGDKX is managed by Fidelity. It was launched on May 9, 2008. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDKX or VGT.
Correlation
The correlation between FGDKX and VGT 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.
Performance
FGDKX vs. VGT - Performance Comparison
Key characteristics
FGDKX:
0.36
VGT:
1.20
FGDKX:
0.57
VGT:
1.65
FGDKX:
1.08
VGT:
1.22
FGDKX:
0.41
VGT:
1.76
FGDKX:
0.95
VGT:
6.12
FGDKX:
7.08%
VGT:
4.39%
FGDKX:
18.86%
VGT:
22.30%
FGDKX:
-55.39%
VGT:
-54.63%
FGDKX:
-7.42%
VGT:
-0.88%
Returns By Period
In the year-to-date period, FGDKX achieves a 3.45% return, which is significantly higher than VGT's 3.17% return. Over the past 10 years, FGDKX has underperformed VGT with an annualized return of 10.15%, while VGT has yielded a comparatively higher 20.64% annualized return.
FGDKX
3.45%
-0.41%
5.93%
8.21%
8.47%
10.15%
VGT
3.17%
1.41%
12.88%
29.47%
20.41%
20.64%
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FGDKX vs. VGT - Expense Ratio Comparison
FGDKX has a 0.68% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
FGDKX vs. VGT — Risk-Adjusted Performance Rank
FGDKX
VGT
FGDKX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund Class K (FGDKX) 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.
Dividends
FGDKX vs. VGT - Dividend Comparison
FGDKX has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGDKX Fidelity Growth Discovery Fund Class K | 0.00% | 0.00% | 0.14% | 0.07% | 0.28% | 0.11% | 0.15% | 0.31% | 0.26% | 0.15% | 0.24% | 0.28% |
VGT Vanguard Information Technology ETF | 0.58% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
FGDKX vs. VGT - Drawdown Comparison
The maximum FGDKX drawdown since its inception was -55.39%, roughly equal to the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FGDKX and VGT. For additional features, visit the drawdowns tool.
Volatility
FGDKX vs. VGT - Volatility Comparison
The current volatility for Fidelity Growth Discovery Fund Class K (FGDKX) is 5.07%, while Vanguard Information Technology ETF (VGT) has a volatility of 7.64%. This indicates that FGDKX 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.