FGRTX vs. SOXX
FGRTX (Fidelity Mega Cap Stock Fund) and SOXX (iShares Semiconductor ETF) are both funds - FGRTX is a Large Cap Blend Equities fund actively managed by Fidelity, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. FGRTX is actively managed, while SOXX is passively managed. Over the past 10 years, FGRTX returned 16.46%/yr vs 35.55%/yr for SOXX. A 0.72 correlation means they provide meaningful diversification when combined. FGRTX charges 0.58%/yr vs 0.34%/yr for SOXX.
Performance
FGRTX vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, FGRTX achieves a 8.35% return, which is significantly lower than SOXX's 98.11% return. Over the past 10 years, FGRTX has underperformed SOXX with an annualized return of 16.46%, while SOXX has yielded a comparatively higher 35.55% annualized return.
FGRTX
- 1D
- 1.62%
- 1M
- -1.08%
- YTD
- 8.35%
- 6M
- 9.78%
- 1Y
- 26.75%
- 3Y*
- 24.44%
- 5Y*
- 15.83%
- 10Y*
- 16.46%
SOXX
- 1D
- 1.59%
- 1M
- 12.86%
- YTD
- 98.11%
- 6M
- 99.51%
- 1Y
- 164.50%
- 3Y*
- 53.00%
- 5Y*
- 33.69%
- 10Y*
- 35.55%
FGRTX vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 8.35% | 26.92% | 25.98% | 26.51% | -8.98% | 26.29% | 12.96% | 31.07% | -7.44% | 16.98% |
SOXX iShares Semiconductor ETF | 98.11% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between FGRTX and SOXX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.72 |
The correlation between FGRTX and SOXX has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
FGRTX vs. SOXX — Risk / Return Rank
FGRTX
SOXX
FGRTX vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) and iShares Semiconductor ETF (SOXX). 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.
| FGRTX | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.62 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 10.50 | -7.50 |
| Martin ratioReturn relative to average drawdown | 13.36 | 38.20 | -24.84 |
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Drawdowns
FGRTX vs. SOXX - Drawdown Comparison
The maximum FGRTX drawdown since its inception was -56.17%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for FGRTX and SOXX.
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Drawdown Indicators
| FGRTX | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -70.21% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -15.77% | +6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -41.36% | +22.85% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -45.75% | +22.40% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -45.75% | +10.57% |
Current DrawdownCurrent decline from peak | -2.25% | -3.16% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -19.95% | +11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 4.33% | -2.32% |
Volatility
FGRTX vs. SOXX - Volatility Comparison
The current volatility for Fidelity Mega Cap Stock Fund (FGRTX) is 4.04%, while iShares Semiconductor ETF (SOXX) has a volatility of 19.42%. This indicates that FGRTX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGRTX | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 19.42% | -15.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 31.46% | -21.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 37.35% | -24.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 36.73% | -19.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 33.77% | -15.63% |
FGRTX vs. SOXX - Expense Ratio Comparison
FGRTX has a 0.58% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
FGRTX vs. SOXX - Dividend Comparison
FGRTX's dividend yield for the trailing twelve months is around 3.59%, more than SOXX's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 3.59% | 3.89% | 2.68% | 2.06% | 4.38% | 4.79% | 7.96% | 12.98% | 21.72% | 15.57% | 1.97% | 4.16% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
FGRTX and SOXX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (19.42%) compared to FGRTX (4.04%). In terms of maximum drawdown, FGRTX dropped -56.17% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (4.43 vs 2.17), 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.
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