FGRTX vs. MGC
Compare and contrast key facts about Fidelity Mega Cap Stock Fund (FGRTX) and Vanguard Mega Cap ETF (MGC).
FGRTX is managed by Fidelity. It was launched on Dec 28, 1998. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap 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: FGRTX or MGC.
Performance
FGRTX vs. MGC - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FGRTX having a 26.53% return and MGC slightly lower at 25.73%. Over the past 10 years, FGRTX has underperformed MGC with an annualized return of 12.99%, while MGC has yielded a comparatively higher 13.65% annualized return.
FGRTX
26.53%
0.73%
10.07%
33.66%
16.86%
12.99%
MGC
25.73%
0.71%
11.79%
32.79%
16.05%
13.65%
Key characteristics
| FGRTX | MGC | |
|---|---|---|
| Sharpe Ratio | 2.94 | 2.59 |
| Sortino Ratio | 3.97 | 3.42 |
| Omega Ratio | 1.56 | 1.48 |
| Calmar Ratio | 4.14 | 3.63 |
| Martin Ratio | 21.05 | 16.61 |
| Ulcer Index | 1.62% | 1.99% |
| Daily Std Dev | 11.55% | 12.76% |
| Max Drawdown | -57.06% | -52.20% |
| Current Drawdown | -1.92% | -2.20% |
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FGRTX vs. MGC - Expense Ratio Comparison
FGRTX has a 0.61% expense ratio, which is higher than MGC's 0.07% expense ratio.
Correlation
The correlation between FGRTX and MGC is 0.94, 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.
Risk-Adjusted Performance
FGRTX vs. MGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) and Vanguard Mega Cap ETF (MGC). 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
FGRTX vs. MGC - Dividend Comparison
FGRTX's dividend yield for the trailing twelve months is around 0.96%, less than MGC's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 0.96% | 1.06% | 1.34% | 1.76% | 2.87% | 2.01% | 2.22% | 1.57% | 1.48% | 4.07% | 5.39% | 3.20% |
MGC Vanguard Mega Cap ETF | 1.18% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.82% | 2.14% | 2.11% | 1.81% | 1.86% |
Drawdowns
FGRTX vs. MGC - Drawdown Comparison
The maximum FGRTX drawdown since its inception was -57.06%, which is greater than MGC's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for FGRTX and MGC. For additional features, visit the drawdowns tool.
Volatility
FGRTX vs. MGC - Volatility Comparison
The current volatility for Fidelity Mega Cap Stock Fund (FGRTX) is 3.60%, while Vanguard Mega Cap ETF (MGC) has a volatility of 4.37%. This indicates that FGRTX experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.