FGRTX vs. VFFIX

Last updated Jun 4, 2026

FGRTX (Fidelity Mega Cap Stock Fund) and VFFIX (Victory INCORE Fund for Income Class I) are both mutual funds - FGRTX is a Large Cap Blend Equities fund managed by Fidelity, while VFFIX is a Government Bonds fund managed by Victory. Over the past 10 years, FGRTX returned 16.48%/yr vs 1.44%/yr for VFFIX. At a correlation of -0.17, they often move in opposite directions. FGRTX charges 0.61%/yr vs 0.64%/yr for VFFIX.

Performance

FGRTX vs. VFFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mega Cap Stock Fund (FGRTX) and Victory INCORE Fund for Income Class I (VFFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGRTX achieves a 10.50% return, which is significantly higher than VFFIX's 0.55% return. Over the past 10 years, FGRTX has outperformed VFFIX with an annualized return of 16.48%, while VFFIX has yielded a comparatively lower 1.44% annualized return.

FGRTX

• 1D: -0.32%
• 1M: 3.41%
• YTD: 10.50%
• 6M: 12.42%
• 1Y: 31.38%
• 3Y*: 25.59%
• 5Y*: 16.32%
• 10Y*: 16.48%

VFFIX

• 1D: 0.00%
• 1M: 0.06%
• YTD: 0.55%
• 6M: 0.71%
• 1Y: 3.56%
• 3Y*: 4.05%
• 5Y*: 1.34%
• 10Y*: 1.44%

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

FGRTX vs. VFFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGRTX Fidelity Mega Cap Stock Fund	10.50%	26.92%	25.98%	26.51%	-8.98%	26.29%	12.96%	31.07%	-7.44%	16.98%
VFFIX Victory INCORE Fund for Income Class I	0.55%	4.51%	4.48%	4.14%	-5.23%	-1.60%	3.05%	4.14%	1.24%	0.67%

Correlation

The correlation between FGRTX and VFFIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Mar 2, 2011	-0.17

The correlation between FGRTX and VFFIX shifts across timeframes, from -0.17 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FGRTX vs. VFFIX — Risk / Return Rank

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

FGRTX

FGRTX Risk / Return Rank: 80
FGRTX Sharpe Ratio Rank: 84
FGRTX Sortino Ratio Rank: 78
FGRTX Omega Ratio Rank: 75
FGRTX Calmar Ratio Rank: 79
FGRTX Martin Ratio Rank: 85

VFFIX

VFFIX Risk / Return Rank: 67
VFFIX Sharpe Ratio Rank: 49
VFFIX Sortino Ratio Rank: 60
VFFIX Omega Ratio Rank: 75
VFFIX Calmar Ratio Rank: 79
VFFIX Martin Ratio Rank: 74

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.

FGRTX vs. VFFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) and Victory INCORE Fund for Income Class I (VFFIX). 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.

	FGRTX	VFFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.05	+0.65
Sortino ratio: Return per unit of downside risk	3.70	3.25	+0.45
Omega ratio: Gain probability vs. loss probability	1.49	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	3.59	3.56	+0.03
Martin ratio: Return relative to average drawdown	16.31	14.14	+2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRTX vs. VFFIX - Sharpe Ratio Comparison

The current FGRTX Sharpe Ratio is 2.70, which is higher than the VFFIX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of FGRTX and VFFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGRTX	VFFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	2.05	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.53	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.64	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.64	-0.17

Drawdowns

FGRTX vs. VFFIX - Drawdown Comparison

The maximum FGRTX drawdown since its inception was -56.17%, which is greater than VFFIX's maximum drawdown of -8.60%. Use the drawdown chart below to compare losses from any high point for FGRTX and VFFIX.

Drawdown Indicators

	FGRTX	VFFIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.17%	-8.60%	-47.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-1.00%	-7.99%
Max Drawdown (3Y) Largest decline over 3 years	-18.51%	-1.02%	-17.49%
Max Drawdown (5Y) Largest decline over 5 years	-23.35%	-8.04%	-15.31%
Max Drawdown (10Y) Largest decline over 10 years	-35.18%	-8.60%	-26.58%
Current Drawdown Current decline from peak	-0.32%	-0.28%	-0.04%
Average Drawdown Average peak-to-trough decline	-8.72%	-1.46%	-7.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	0.25%	+1.73%

Volatility

FGRTX vs. VFFIX - Volatility Comparison

Fidelity Mega Cap Stock Fund (FGRTX) has a higher volatility of 2.71% compared to Victory INCORE Fund for Income Class I (VFFIX) at 0.57%. This indicates that FGRTX's price experiences larger fluctuations and is considered to be riskier than VFFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRTX	VFFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	0.57%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	9.06%	1.26%	+7.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	1.74%	+10.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	2.53%	+14.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	2.25%	+15.87%

FGRTX vs. VFFIX - Expense Ratio Comparison

FGRTX has a 0.61% expense ratio, which is lower than VFFIX's 0.64% expense ratio.

Dividends

FGRTX vs. VFFIX - Dividend Comparison

FGRTX's dividend yield for the trailing twelve months is around 3.52%, less than VFFIX's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRTX Fidelity Mega Cap Stock Fund	3.52%	3.89%	2.68%	2.06%	4.38%	4.79%	7.96%	12.98%	21.72%	15.57%	1.97%	4.16%
VFFIX Victory INCORE Fund for Income Class I	5.19%	4.43%	5.60%	5.67%	5.68%	5.15%	4.89%	5.41%	5.87%	5.50%	5.51%	5.37%

Frequently Asked Questions

Can I hold both FGRTX and VFFIX in my portfolio?

FGRTX and VFFIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRTX or VFFIX?

FGRTX has higher volatility (2.71%) compared to VFFIX (0.57%). In terms of maximum drawdown, FGRTX dropped -56.17% vs VFFIX's -8.60%.

Which has better risk-adjusted returns?

FGRTX currently has the higher Sharpe Ratio (2.70 vs 2.05), 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.