FGKFX vs. VUG

Last updated Jun 23, 2026

FGKFX (Fidelity Growth Company K6 Fund) and VUG (Vanguard Growth ETF) are both Large Cap Growth Equities funds. FGKFX is actively managed, while VUG is passively managed. Over the past 5 years, FGKFX returned 17.09%/yr vs 13.40%/yr for VUG. With a 0.95 correlation, they move nearly in lockstep. FGKFX charges 0.45%/yr vs 0.03%/yr for VUG.

Performance

FGKFX vs. VUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Company K6 Fund (FGKFX) and Vanguard Growth ETF (VUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGKFX achieves a 24.22% return, which is significantly higher than VUG's 5.76% return.

FGKFX

• 1D: 1.86%
• 1M: 2.61%
• YTD: 24.22%
• 6M: 18.73%
• 1Y: 51.43%
• 3Y*: 31.20%
• 5Y*: 17.09%
• 10Y*: —

VUG

• 1D: -1.24%
• 1M: -1.87%
• YTD: 5.76%
• 6M: 5.17%
• 1Y: 24.00%
• 3Y*: 23.62%
• 5Y*: 13.40%
• 10Y*: 18.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGKFX vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FGKFX Fidelity Growth Company K6 Fund	24.22%	21.67%	35.46%	46.02%	-32.62%	22.06%	68.76%	15.07%
VUG Vanguard Growth ETF	5.76%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	14.46%

Correlation

The correlation between FGKFX and VUG is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.96

The correlation between FGKFX and VUG has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FGKFX vs. VUG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGKFX

FGKFX Risk / Return Rank: 82
FGKFX Sharpe Ratio Rank: 86
FGKFX Sortino Ratio Rank: 71
FGKFX Omega Ratio Rank: 72
FGKFX Calmar Ratio Rank: 91
FGKFX Martin Ratio Rank: 92

VUG

VUG Risk / Return Rank: 37
VUG Sharpe Ratio Rank: 42
VUG Sortino Ratio Rank: 39
VUG Omega Ratio Rank: 39
VUG Calmar Ratio Rank: 30
VUG Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGKFX vs. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company K6 Fund (FGKFX) and Vanguard Growth ETF (VUG). 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.

	FGKFX	VUG	Difference
Sharpe ratio: Return per unit of total volatility	2.58	1.44	+1.14
Sortino ratio: Return per unit of downside risk	3.19	1.97	+1.21
Omega ratio: Gain probability vs. loss probability	1.43	1.25	+0.18
Calmar ratio: Return relative to maximum drawdown	4.47	1.46	+3.02
Martin ratio: Return relative to average drawdown	17.37	4.99	+12.38

FGKFX vs. VUG - Sharpe Ratio Comparison

The current FGKFX Sharpe Ratio is 2.58, which is higher than the VUG Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FGKFX and VUG, 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

FGKFX vs. VUG - Drawdown Comparison

The maximum FGKFX drawdown since its inception was -40.14%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for FGKFX and VUG.

Drawdown Indicators

	FGKFX	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-50.68%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-16.53%	+5.13%
Max Drawdown (3Y) Largest decline over 3 years	-27.38%	-22.85%	-4.53%
Max Drawdown (5Y) Largest decline over 5 years	-40.14%	-35.61%	-4.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.61%	—
Current Drawdown Current decline from peak	-0.56%	-4.86%	+4.30%
Average Drawdown Average peak-to-trough decline	-9.97%	-7.09%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	4.82%	-1.90%

Volatility

FGKFX vs. VUG - Volatility Comparison

Fidelity Growth Company K6 Fund (FGKFX) has a higher volatility of 7.68% compared to Vanguard Growth ETF (VUG) at 6.55%. This indicates that FGKFX's price experiences larger fluctuations and is considered to be riskier than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGKFX	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	6.55%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	13.32%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	16.80%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.32%	22.36%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.79%	21.53%	+4.26%

FGKFX vs. VUG - Expense Ratio Comparison

FGKFX has a 0.45% expense ratio, which is higher than VUG's 0.03% expense ratio.

Dividends

FGKFX vs. VUG - Dividend Comparison

FGKFX has not paid dividends to shareholders, while VUG's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGKFX Fidelity Growth Company K6 Fund	0.00%	0.00%	0.00%	0.10%	0.18%	2.64%	0.93%	0.06%	0.00%	0.00%	0.00%	0.00%
VUG Vanguard Growth ETF	0.39%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both FGKFX and VUG in my portfolio?

With a correlation of 0.92, FGKFX and VUG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FGKFX or VUG?

FGKFX has higher volatility (7.68%) compared to VUG (6.55%). In terms of maximum drawdown, FGKFX dropped -40.14% vs VUG's -50.68%.

Which has better risk-adjusted returns?

FGKFX currently has the higher Sharpe Ratio (2.58 vs 1.44), 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.