FGSIX vs. IMCG
FGSIX (Federated MDT Mid Cap Growth Fund Institutional Shares) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both Mid Cap Growth Equities funds. FGSIX is actively managed, while IMCG is passively managed. Over the past 10 years, FGSIX returned 14.83%/yr vs 14.11%/yr for IMCG. Their correlation of 0.88 means they have usually moved in the same direction. FGSIX charges 0.85%/yr vs 0.06%/yr for IMCG.
Performance
FGSIX vs. IMCG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGSIX achieves a -0.65% return, which is significantly lower than IMCG's 19.44% return. Both investments have delivered pretty close results over the past 10 years, with FGSIX having a 14.83% annualized return and IMCG not far behind at 14.11%.
FGSIX
- 1D
- 2.56%
- 1M
- -1.52%
- 6M
- 0.26%
- YTD
- -0.65%
- 1Y
- -1.62%
- 3Y*
- 15.84%
- 5Y*
- 8.19%
- 10Y*
- 14.83%
- ALL TIME*
- 13.50%
IMCG
- 1D
- -0.08%
- 1M
- -2.22%
- 6M
- 16.42%
- YTD
- 19.44%
- 1Y
- 19.29%
- 3Y*
- 15.82%
- 5Y*
- 7.06%
- 10Y*
- 14.11%
- ALL TIME*
- 11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $8.72M | $8.89M | $9.03M |
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 | -0.65% | 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 | 19.44% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Correlation
The correlation between FGSIX and IMCG is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.88 |
Over the past year, the correlation between FGSIX and IMCG has dropped to 0.35 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| FGSIX | IMCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.70 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.21 | 6.41 | -6.62 |
Loading charts...
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.
Loading charts...
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% | -10.17% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -21.92% | -2.54% |
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 | -4.91% | -3.25% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -9.17% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 2.70% | +2.33% |
Volatility
FGSIX vs. IMCG - Volatility Comparison
Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) has a higher volatility of 4.97% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 3.48%. This indicates that FGSIX's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGSIX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 3.48% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 14.04% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 16.92% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 20.36% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 20.55% | +1.71% |
FGSIX vs. IMCG - Expense Ratio Comparison
FGSIX has a 0.85% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Dividends
FGSIX vs. IMCG - Dividend Comparison
FGSIX's dividend yield for the trailing twelve months is around 4.59%, more than IMCG's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 4.59% | 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 | 0.63% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
Frequently Asked Questions
FGSIX and IMCG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSIX has higher volatility (4.97%) compared to IMCG (3.48%). In terms of maximum drawdown, FGSIX dropped -37.16% vs IMCG's -58.96%.
IMCG currently has the higher Sharpe Ratio (1.02 vs -0.06), 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.
Find the right allocation for FGSIX and IMCG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer