FSKGX vs. IIPR
Compare and contrast key facts about Fidelity Growth Strategies K6 Fund (FSKGX) and Innovative Industrial Properties, Inc. (IIPR).
FSKGX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSKGX or IIPR.
Key characteristics
| FSKGX | IIPR | |
|---|---|---|
| YTD Return | 30.29% | 14.68% |
| 1Y Return | 44.57% | 52.21% |
| 3Y Return (Ann) | -3.45% | -21.78% |
| 5Y Return (Ann) | 8.41% | 11.36% |
| Sharpe Ratio | 2.78 | 1.61 |
| Sortino Ratio | 3.74 | 2.15 |
| Omega Ratio | 1.49 | 1.30 |
| Calmar Ratio | 1.14 | 0.71 |
| Martin Ratio | 16.56 | 9.43 |
| Ulcer Index | 2.70% | 5.30% |
| Daily Std Dev | 16.09% | 30.96% |
| Max Drawdown | -49.53% | -75.43% |
| Current Drawdown | -11.88% | -52.76% |
Correlation
The correlation between FSKGX and IIPR is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSKGX vs. IIPR - Performance Comparison
In the year-to-date period, FSKGX achieves a 30.29% return, which is significantly higher than IIPR's 14.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FSKGX vs. IIPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies K6 Fund (FSKGX) and Innovative Industrial Properties, Inc. (IIPR). 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.
Dividends
FSKGX vs. IIPR - Dividend Comparison
FSKGX's dividend yield for the trailing twelve months is around 0.25%, less than IIPR's 6.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 0.25% | 0.32% | 0.27% | 0.00% | 0.11% | 0.50% | 0.85% | 0.30% |
IIPR Innovative Industrial Properties, Inc. | 6.76% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% |
Drawdowns
FSKGX vs. IIPR - Drawdown Comparison
The maximum FSKGX drawdown since its inception was -49.53%, smaller than the maximum IIPR drawdown of -75.43%. Use the drawdown chart below to compare losses from any high point for FSKGX and IIPR. For additional features, visit the drawdowns tool.
Volatility
FSKGX vs. IIPR - Volatility Comparison
The current volatility for Fidelity Growth Strategies K6 Fund (FSKGX) is 6.09%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 14.53%. This indicates that FSKGX experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.