FSKGX vs. DGRO
FSKGX (Fidelity Growth Strategies K6 Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - FSKGX is a Mid Cap Growth Equities fund managed by Fidelity, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 5 years, FSKGX returned 4.80%/yr vs 11.08%/yr for DGRO. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FSKGX charges 0.45%/yr vs 0.08%/yr for DGRO.
Performance
FSKGX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, FSKGX achieves a 3.88% return, which is significantly lower than DGRO's 13.39% return.
FSKGX
- 1D
- 3.40%
- 1M
- -6.61%
- 6M
- 3.78%
- YTD
- 3.88%
- 1Y
- -0.69%
- 3Y*
- 11.50%
- 5Y*
- 4.80%
- 10Y*
- —
- ALL TIME*
- 11.31%
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M | |
| $0.00 | $0.00 | $0.00 |
FSKGX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 3.88% | 7.82% | 20.04% | 21.58% | -26.20% | 21.62% | 29.50% | 36.90% | -6.89% | 10.43% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 14.36% |
Correlation
The correlation between FSKGX and DGRO is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.73 |
Over the past year, the correlation between FSKGX and DGRO has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
FSKGX vs. DGRO — Risk / Return Rank
FSKGX
DGRO
FSKGX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies K6 Fund (FSKGX) and iShares Core Dividend Growth ETF (DGRO). 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.
| FSKGX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.45 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.61 | -3.78 |
| Martin ratioReturn relative to average drawdown | -0.47 | 14.07 | -14.54 |
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Drawdowns
FSKGX vs. DGRO - Drawdown Comparison
The maximum FSKGX drawdown since its inception was -36.51%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for FSKGX and DGRO.
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Drawdown Indicators
| FSKGX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.51% | -35.10% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -16.39% | -6.47% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -29.47% | -14.03% | -15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -36.51% | -19.31% | -17.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -10.53% | -1.35% | -9.18% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -3.41% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 1.66% | +4.29% |
Volatility
FSKGX vs. DGRO - Volatility Comparison
Fidelity Growth Strategies K6 Fund (FSKGX) has a higher volatility of 7.86% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that FSKGX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSKGX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 3.21% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 18.41% | 7.12% | +11.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 9.61% | +13.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 13.79% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 16.58% | +6.32% |
FSKGX vs. DGRO - Expense Ratio Comparison
FSKGX has a 0.45% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
FSKGX vs. DGRO - Dividend Comparison
FSKGX has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
FSKGX Fidelity Growth Strategies K6 Fund | 0.00% | 0.00% | 0.00% | 1.37% | 0.27% | 26.04% | 2.53% | 0.50% | 0.85% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
FSKGX and DGRO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKGX has higher volatility (7.86%) compared to DGRO (3.21%). In terms of maximum drawdown, FSKGX dropped -36.51% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.44 vs -0.12), 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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