FGSIX vs. IWS
FGSIX (Federated MDT Mid Cap Growth Fund Institutional Shares) and IWS (iShares Russell Mid-Cap Value ETF) are both funds - FGSIX is a Mid Cap Growth Equities fund actively managed by Federated, while IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index. FGSIX is actively managed, while IWS is passively managed. Over the past 10 years, FGSIX returned 15.83%/yr vs 10.56%/yr for IWS. A 0.78 correlation means they provide meaningful diversification when combined. FGSIX charges 0.85%/yr vs 0.23%/yr for IWS.
Performance
FGSIX vs. IWS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGSIX achieves a 0.24% return, which is significantly lower than IWS's 15.78% return. Over the past 10 years, FGSIX has outperformed IWS with an annualized return of 15.83%, while IWS has yielded a comparatively lower 10.56% annualized return.
FGSIX
- 1D
- 0.43%
- 1M
- 0.80%
- YTD
- 0.24%
- 6M
- -0.65%
- 1Y
- 3.12%
- 3Y*
- 19.04%
- 5Y*
- 9.71%
- 10Y*
- 15.83%
IWS
- 1D
- -1.08%
- 1M
- 2.64%
- YTD
- 15.78%
- 6M
- 14.47%
- 1Y
- 26.77%
- 3Y*
- 17.23%
- 5Y*
- 8.94%
- 10Y*
- 10.56%
FGSIX vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 0.24% | 10.87% | 33.37% | 27.44% | -24.39% | 22.77% | 35.86% | 28.34% | -3.00% | 24.70% |
IWS iShares Russell Mid-Cap Value ETF | 15.78% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 26.73% | -12.43% | 13.14% |
Correlation
The correlation between FGSIX and IWS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.78 |
Over the past year, the correlation between FGSIX and IWS has dropped to 0.16 - well below their long-term average of 0.78, 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. IWS — Risk / Return Rank
FGSIX
IWS
FGSIX vs. IWS - 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 Russell Mid-Cap Value ETF (IWS). 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 | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.57 | -3.26 |
| Martin ratioReturn relative to average drawdown | 0.85 | 13.39 | -12.53 |
Loading charts...
Drawdowns
FGSIX vs. IWS - Drawdown Comparison
The maximum FGSIX drawdown since its inception was -37.16%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FGSIX and IWS.
Loading charts...
Drawdown Indicators
| FGSIX | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -62.40% | +25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -7.53% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -20.57% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -21.23% | -14.44% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -43.83% | +6.67% |
Current DrawdownCurrent decline from peak | -4.05% | -1.24% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -8.00% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 2.00% | +2.79% |
Volatility
FGSIX vs. IWS - Volatility Comparison
Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) has a higher volatility of 5.42% compared to iShares Russell Mid-Cap Value ETF (IWS) at 4.37%. This indicates that FGSIX's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGSIX | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.37% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 10.12% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.26% | 13.57% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.48% | 17.33% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 19.35% | +2.99% |
FGSIX vs. IWS - Expense Ratio Comparison
FGSIX has a 0.85% expense ratio, which is higher than IWS's 0.23% expense ratio.
Dividends
FGSIX vs. IWS - Dividend Comparison
FGSIX's dividend yield for the trailing twelve months is around 4.55%, more than IWS's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 4.55% | 4.56% | 4.02% | 0.00% | 2.17% | 24.31% | 6.77% | 7.83% | 14.02% | 13.59% | 1.11% | 24.86% |
IWS iShares Russell Mid-Cap Value ETF | 1.34% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
FGSIX and IWS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSIX has higher volatility (5.42%) compared to IWS (4.37%). In terms of maximum drawdown, FGSIX dropped -37.16% vs IWS's -62.40%.
IWS currently has the higher Sharpe Ratio (1.98 vs 0.24), 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 IWS
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