FGSIX vs. IMCG
Compare and contrast key facts about Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
FGSIX is an actively managed fund by Federated. It was launched on Aug 23, 1984. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Performance
FGSIX vs. IMCG - Performance Comparison
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FGSIX vs. IMCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | -9.48% | 10.87% | 33.37% | 27.44% | -24.39% | 22.77% | 35.86% | 28.34% | -3.00% | 24.70% |
IMCG iShares Morningstar Mid-Cap Growth ETF | -1.19% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Returns By Period
In the year-to-date period, FGSIX achieves a -9.48% return, which is significantly lower than IMCG's -1.19% return. Over the past 10 years, FGSIX has outperformed IMCG with an annualized return of 13.82%, while IMCG has yielded a comparatively lower 12.58% annualized return.
FGSIX
- 1D
- -0.80%
- 1M
- -9.33%
- YTD
- -9.48%
- 6M
- -11.71%
- 1Y
- 8.47%
- 3Y*
- 15.84%
- 5Y*
- 9.58%
- 10Y*
- 13.82%
IMCG
- 1D
- 3.63%
- 1M
- -6.39%
- YTD
- -1.19%
- 6M
- -4.39%
- 1Y
- 11.14%
- 3Y*
- 11.94%
- 5Y*
- 5.08%
- 10Y*
- 12.58%
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FGSIX vs. IMCG - Expense Ratio Comparison
FGSIX has a 0.85% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Return for Risk
FGSIX vs. IMCG — Risk / Return Rank
FGSIX
IMCG
FGSIX vs. IMCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
| FGSIX | IMCG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.55 | -0.26 |
Sortino ratioReturn per unit of downside risk | 0.56 | 0.92 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.87 | -0.55 |
Martin ratioReturn relative to average drawdown | 0.99 | 3.61 | -2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGSIX | IMCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.55 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.25 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.62 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.50 | +0.13 |
Correlation
The correlation between FGSIX and IMCG is 0.88, 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.
Dividends
FGSIX vs. IMCG - Dividend Comparison
FGSIX's dividend yield for the trailing twelve months is around 5.04%, more than IMCG's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 5.04% | 4.56% | 4.02% | 0.00% | 2.17% | 24.31% | 6.77% | 7.83% | 14.02% | 13.59% | 1.11% | 24.86% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.80% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
Drawdowns
FGSIX vs. IMCG - Drawdown Comparison
The maximum FGSIX drawdown since its inception was -37.16%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for FGSIX and IMCG.
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Drawdown Indicators
| FGSIX | IMCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -58.96% | +21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -12.99% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -35.08% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -35.08% | -2.08% |
Current DrawdownCurrent decline from peak | -13.36% | -6.90% | -6.46% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -9.29% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 3.14% | +1.20% |
Volatility
FGSIX vs. IMCG - Volatility Comparison
The current volatility for Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) is 5.43%, while iShares Morningstar Mid-Cap Growth ETF (IMCG) has a volatility of 7.19%. This indicates that FGSIX experiences smaller price fluctuations and is considered to be less risky than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGSIX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 7.19% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 12.08% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 20.27% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.39% | 20.09% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 20.44% | +1.83% |