Correlation
The correlation between FGIKX and VOO is 0.93, 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.
FGIKX vs. VOO
Compare and contrast key facts about Fidelity Growth & Income Portfolio Class K (FGIKX) and Vanguard S&P 500 ETF (VOO).
FGIKX is managed by Fidelity. It was launched on May 9, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGIKX or VOO.
Performance
FGIKX vs. VOO - Performance Comparison
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Key characteristics
FGIKX:
0.88
VOO:
0.74
FGIKX:
1.19
VOO:
1.04
FGIKX:
1.18
VOO:
1.15
FGIKX:
0.85
VOO:
0.68
FGIKX:
3.48
VOO:
2.58
FGIKX:
4.00%
VOO:
4.93%
FGIKX:
17.70%
VOO:
19.54%
FGIKX:
-62.06%
VOO:
-33.99%
FGIKX:
-0.73%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FGIKX achieves a 5.06% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, FGIKX has underperformed VOO with an annualized return of 11.63%, while VOO has yielded a comparatively higher 12.81% annualized return.
FGIKX
5.06%
6.52%
0.52%
15.42%
14.23%
17.82%
11.63%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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FGIKX vs. VOO - Expense Ratio Comparison
FGIKX has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FGIKX vs. VOO — Risk-Adjusted Performance Rank
FGIKX
VOO
FGIKX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio Class K (FGIKX) and Vanguard S&P 500 ETF (VOO). 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
FGIKX vs. VOO - Dividend Comparison
FGIKX's dividend yield for the trailing twelve months is around 6.53%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIKX Fidelity Growth & Income Portfolio Class K | 6.53% | 6.89% | 4.03% | 3.52% | 6.11% | 3.71% | 2.94% | 3.51% | 1.63% | 1.92% | 2.23% | 1.84% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FGIKX vs. VOO - Drawdown Comparison
The maximum FGIKX drawdown since its inception was -62.06%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FGIKX and VOO.
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Volatility
FGIKX vs. VOO - Volatility Comparison
The current volatility for Fidelity Growth & Income Portfolio Class K (FGIKX) is 3.79%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FGIKX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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