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.
Correlation
The correlation between FSKGX and IIPR is 0.43, 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
Key characteristics
FSKGX:
0.26
IIPR:
-0.89
FSKGX:
0.54
IIPR:
-1.06
FSKGX:
1.07
IIPR:
0.83
FSKGX:
0.22
IIPR:
-0.50
FSKGX:
0.71
IIPR:
-1.25
FSKGX:
10.08%
IIPR:
31.21%
FSKGX:
27.17%
IIPR:
43.57%
FSKGX:
-49.53%
IIPR:
-78.14%
FSKGX:
-20.65%
IIPR:
-74.97%
Returns By Period
In the year-to-date period, FSKGX achieves a -2.40% return, which is significantly higher than IIPR's -14.95% return.
FSKGX
-2.40%
4.55%
-2.53%
9.27%
6.76%
N/A
IIPR
-14.95%
-1.52%
-54.85%
-42.96%
0.03%
N/A
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Risk-Adjusted Performance
FSKGX vs. IIPR — Risk-Adjusted Performance Rank
FSKGX
IIPR
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 6.05%, less than IIPR's 13.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 6.05% | 5.91% | 1.37% | 0.27% | 26.04% | 2.53% | 0.50% | 0.85% | 0.30% |
IIPR Innovative Industrial Properties, Inc. | 13.82% | 11.28% | 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 -78.14%. 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
Fidelity Growth Strategies K6 Fund (FSKGX) and Innovative Industrial Properties, Inc. (IIPR) have volatilities of 16.52% and 16.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.