Correlation
The correlation between FMGAX and SCHG is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FMGAX vs. SCHG
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
FMGAX is managed by Fidelity. It was launched on Mar 3, 1997. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMGAX or SCHG.
Performance
FMGAX vs. SCHG - Performance Comparison
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Key characteristics
FMGAX:
0.96
SCHG:
0.61
FMGAX:
1.31
SCHG:
1.02
FMGAX:
1.16
SCHG:
1.14
FMGAX:
0.44
SCHG:
0.66
FMGAX:
2.10
SCHG:
2.18
FMGAX:
2.54%
SCHG:
7.12%
FMGAX:
6.00%
SCHG:
25.37%
FMGAX:
-19.21%
SCHG:
-34.59%
FMGAX:
-7.95%
SCHG:
-5.09%
Returns By Period
In the year-to-date period, FMGAX achieves a 1.59% return, which is significantly higher than SCHG's -0.90% return. Over the past 10 years, FMGAX has underperformed SCHG with an annualized return of 0.60%, while SCHG has yielded a comparatively higher 15.86% annualized return.
FMGAX
1.59%
-1.23%
0.34%
5.79%
0.21%
-1.44%
0.60%
SCHG
-0.90%
8.58%
0.32%
15.40%
20.90%
18.26%
15.86%
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FMGAX vs. SCHG - Expense Ratio Comparison
FMGAX has a 0.79% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
FMGAX vs. SCHG — Risk-Adjusted Performance Rank
FMGAX
SCHG
FMGAX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
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Dividends
FMGAX vs. SCHG - Dividend Comparison
FMGAX's dividend yield for the trailing twelve months is around 3.89%, more than SCHG's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 3.89% | 3.77% | 3.16% | 1.52% | 0.61% | 2.06% | 2.25% | 2.22% | 2.26% | 1.99% | 1.99% | 2.20% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
FMGAX vs. SCHG - Drawdown Comparison
The maximum FMGAX drawdown since its inception was -19.21%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for FMGAX and SCHG.
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Volatility
FMGAX vs. SCHG - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) is 1.69%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.74%. This indicates that FMGAX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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