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 14.83%/yr vs 10.30%/yr for IWS. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FGSIX charges 0.85%/yr vs 0.23%/yr for IWS.
Performance
FGSIX vs. IWS - Performance Comparison
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Returns By Period
In the year-to-date period, FGSIX achieves a -0.65% return, which is significantly lower than IWS's 19.19% return. Over the past 10 years, FGSIX has outperformed IWS with an annualized return of 14.83%, while IWS has yielded a comparatively lower 10.30% annualized return.
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%
IWS
- 1D
- -0.31%
- 1M
- 0.62%
- 6M
- 14.40%
- YTD
- 19.19%
- 1Y
- 27.66%
- 3Y*
- 15.33%
- 5Y*
- 9.45%
- 10Y*
- 10.30%
- ALL TIME*
- 9.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $90.38M | $82.14M | $73.71M |
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 | -0.65% | 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 | 19.19% | 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 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
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 0.19 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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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 | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.47 | -3.55 |
| Martin ratioReturn relative to average drawdown | -0.21 | 13.35 | -13.56 |
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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.
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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 | -4.91% | -1.38% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -7.97% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 1.95% | +3.08% |
Volatility
FGSIX vs. IWS - Volatility Comparison
Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) has a higher volatility of 4.97% compared to iShares Russell Mid-Cap Value ETF (IWS) at 2.96%. 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.
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Volatility by Period
| FGSIX | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 2.96% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 9.98% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 13.46% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 17.26% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 19.30% | +2.96% |
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 4.59%, more than IWS's 1.30% 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% |
IWS iShares Russell Mid-Cap Value ETF | 1.30% | 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 0.19, 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 IWS (2.96%). In terms of maximum drawdown, FGSIX dropped -37.16% vs IWS's -62.40%.
IWS currently has the higher Sharpe Ratio (1.94 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.
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