GWPAX vs. FXAIX
Compare and contrast key facts about American Funds Growth Portfolio Class A (GWPAX) and Fidelity 500 Index Fund (FXAIX).
GWPAX is managed by American Funds. It was launched on May 18, 2012. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GWPAX or FXAIX.
Key characteristics
| GWPAX | FXAIX | |
|---|---|---|
| YTD Return | 6.89% | 7.98% |
| 1Y Return | 27.50% | 28.23% |
| 3Y Return (Ann) | 3.50% | 8.87% |
| 5Y Return (Ann) | 10.23% | 13.61% |
| 10Y Return (Ann) | 9.92% | 12.78% |
| Sharpe Ratio | 2.05 | 2.33 |
| Daily Std Dev | 13.01% | 11.70% |
| Max Drawdown | -34.15% | -33.79% |
| Current Drawdown | -3.01% | -2.32% |
Correlation
The correlation between GWPAX and FXAIX is 0.95, 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
GWPAX vs. FXAIX - Performance Comparison
In the year-to-date period, GWPAX achieves a 6.89% return, which is significantly lower than FXAIX's 7.98% return. Over the past 10 years, GWPAX has underperformed FXAIX with an annualized return of 9.92%, while FXAIX has yielded a comparatively higher 12.78% annualized 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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GWPAX vs. FXAIX - Expense Ratio Comparison
GWPAX has a 0.73% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
GWPAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Portfolio Class A (GWPAX) 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
GWPAX vs. FXAIX - Dividend Comparison
GWPAX's dividend yield for the trailing twelve months is around 1.51%, more than FXAIX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWPAX American Funds Growth Portfolio Class A | 1.51% | 1.61% | 9.94% | 3.42% | 3.42% | 5.77% | 6.19% | 3.39% | 4.36% | 4.84% | 3.99% | 1.36% |
FXAIX Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
GWPAX vs. FXAIX - Drawdown Comparison
The maximum GWPAX drawdown since its inception was -34.15%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GWPAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
GWPAX vs. FXAIX - Volatility Comparison
American Funds Growth Portfolio Class A (GWPAX) has a higher volatility of 4.62% compared to Fidelity 500 Index Fund (FXAIX) at 4.10%. This indicates that GWPAX'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.