FIDGX vs. RYWCX
FIDGX (Fidelity Advisor Small Cap Growth Fund Class Z) and RYWCX (Rydex S&P SmallCap 600 Pure Growth Fund) are both Small Cap Growth Equities funds. Over the past 5 years, FIDGX returned 8.77%/yr vs 3.73%/yr for RYWCX. Their correlation of 0.90 suggests significant overlap in exposure. FIDGX charges 0.90%/yr vs 2.26%/yr for RYWCX.
Performance
FIDGX vs. RYWCX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FIDGX having a 25.29% return and RYWCX slightly higher at 26.14%.
FIDGX
- 1D
- 1.21%
- 1M
- 7.49%
- YTD
- 25.29%
- 6M
- 21.58%
- 1Y
- 45.01%
- 3Y*
- 22.97%
- 5Y*
- 8.77%
- 10Y*
- —
RYWCX
- 1D
- -0.02%
- 1M
- 8.58%
- YTD
- 26.14%
- 6M
- 22.20%
- 1Y
- 37.61%
- 3Y*
- 17.66%
- 5Y*
- 3.73%
- 10Y*
- 8.32%
FIDGX vs. RYWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z | 25.29% | 11.29% | 20.67% | 19.17% | -25.25% | 10.63% | 36.52% | 36.54% | -4.45% | 22.27% |
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund | 26.14% | 7.76% | 7.20% | 17.03% | -30.33% | 16.37% | 15.23% | 11.58% | -9.55% | 15.13% |
Correlation
The correlation between FIDGX and RYWCX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.90 |
The correlation between FIDGX and RYWCX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
FIDGX vs. RYWCX — Risk / Return Rank
FIDGX
RYWCX
FIDGX vs. RYWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) and Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX). 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.
| FIDGX | RYWCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 4.68 | -1.15 |
| Martin ratioReturn relative to average drawdown | 14.08 | 15.45 | -1.37 |
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Drawdowns
FIDGX vs. RYWCX - Drawdown Comparison
The maximum FIDGX drawdown since its inception was -38.99%, smaller than the maximum RYWCX drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for FIDGX and RYWCX.
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Drawdown Indicators
| FIDGX | RYWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.99% | -60.64% | +21.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -8.49% | -4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -28.68% | -26.39% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -38.99% | -40.28% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.65% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -13.42% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.57% | +0.70% |
Volatility
FIDGX vs. RYWCX - Volatility Comparison
Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) has a higher volatility of 7.83% compared to Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) at 5.56%. This indicates that FIDGX's price experiences larger fluctuations and is considered to be riskier than RYWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDGX | RYWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 5.56% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 17.33% | 13.92% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 18.79% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.68% | 22.93% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 24.75% | -1.36% |
FIDGX vs. RYWCX - Expense Ratio Comparison
FIDGX has a 0.90% expense ratio, which is lower than RYWCX's 2.26% expense ratio.
Dividends
FIDGX vs. RYWCX - Dividend Comparison
FIDGX's dividend yield for the trailing twelve months is around 5.03%, while RYWCX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z | 5.03% | 6.31% | 1.49% | 0.00% | 0.00% | 19.26% | 8.17% | 5.27% | 14.38% | 6.92% |
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund | 0.00% | 0.00% | 14.52% | 0.00% | 0.00% | 59.93% | 0.00% | 0.00% | 9.26% | 3.92% |
Frequently Asked Questions
FIDGX and RYWCX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDGX has higher volatility (7.83%) compared to RYWCX (5.56%). In terms of maximum drawdown, FIDGX dropped -38.99% vs RYWCX's -60.64%.
RYWCX currently has the higher Sharpe Ratio (2.12 vs 2.08), 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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