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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GWGIX or FXAIX.
Key characteristics
| GWGIX | FXAIX | |
|---|---|---|
| YTD Return | 6.49% | 11.87% |
| 1Y Return | 24.10% | 31.17% |
| 3Y Return (Ann) | 3.49% | 10.05% |
| 5Y Return (Ann) | 11.93% | 15.09% |
| Sharpe Ratio | 1.44 | 2.61 |
| Daily Std Dev | 15.62% | 11.62% |
| Max Drawdown | -37.41% | -33.79% |
| Current Drawdown | -3.40% | 0.00% |
Correlation
The correlation between GWGIX and FXAIX is 0.86, 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.
Performance
GWGIX vs. FXAIX - Performance Comparison
In the year-to-date period, GWGIX achieves a 6.49% return, which is significantly lower than FXAIX's 11.87% 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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GWGIX vs. FXAIX - Expense Ratio Comparison
GWGIX has a 0.87% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
GWGIX vs. FXAIX - Risk-Adjusted Performance 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.
Dividends
GWGIX vs. FXAIX - Dividend Comparison
GWGIX's dividend yield for the trailing twelve months is around 0.18%, less than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 0.18% | 0.19% | 4.22% | 5.45% | 0.12% | 0.25% | 2.48% | 1.46% | 0.05% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
GWGIX vs. FXAIX - Volatility Comparison
AMG GW&K Small/Mid Cap Fund (GWGIX) has a higher volatility of 3.84% compared to Fidelity 500 Index Fund (FXAIX) at 3.48%. 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.