GWGIX vs. FXAIX
Compare and contrast key facts about AMG GW&K Small/Mid Cap Fund (GWGIX) and Fidelity 500 Index Fund (FXAIX).
GWGIX is managed by AMG. It was launched on Jun 30, 2015. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
GWGIX vs. FXAIX - Performance Comparison
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GWGIX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 0.21% | 1.53% | 10.85% | 14.76% | -18.09% | 26.01% | 23.31% | 31.02% | -8.14% | 15.44% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, GWGIX achieves a 0.21% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, GWGIX has underperformed FXAIX with an annualized return of 9.76%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
GWGIX
- 1D
- -1.13%
- 1M
- -8.40%
- YTD
- 0.21%
- 6M
- -1.03%
- 1Y
- 10.80%
- 3Y*
- 7.57%
- 5Y*
- 3.97%
- 10Y*
- 9.76%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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GWGIX vs. FXAIX - Expense Ratio Comparison
GWGIX has a 0.87% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
GWGIX vs. FXAIX — Risk / Return Rank
GWGIX
FXAIX
GWGIX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small/Mid Cap Fund (GWGIX) and Fidelity 500 Index Fund (FXAIX). 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.
| GWGIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.84 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.30 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.05 | -0.59 |
Martin ratioReturn relative to average drawdown | 1.81 | 5.13 | -3.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GWGIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.84 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.68 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.77 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.75 | -0.27 |
Correlation
The correlation between GWGIX and FXAIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GWGIX vs. FXAIX - Dividend Comparison
GWGIX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 0.00% | 0.00% | 0.95% | 0.19% | 4.22% | 5.45% | 0.12% | 0.37% | 2.48% | 1.46% | 0.05% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
GWGIX vs. FXAIX - Drawdown Comparison
The maximum GWGIX drawdown since its inception was -37.41%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GWGIX and FXAIX.
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Drawdown Indicators
| GWGIX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.41% | -33.79% | -3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -12.13% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -27.18% | -24.50% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -37.41% | -33.79% | -3.62% |
Current DrawdownCurrent decline from peak | -9.90% | -8.89% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -3.83% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.50% | +1.26% |
Volatility
GWGIX vs. FXAIX - Volatility Comparison
AMG GW&K Small/Mid Cap Fund (GWGIX) has a higher volatility of 6.42% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that GWGIX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWGIX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 4.24% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 9.08% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 18.13% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 16.88% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 18.03% | +2.15% |