HACAX vs. FAGCX
Compare and contrast key facts about Harbor Capital Appreciation Fund Class I (HACAX) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987. FAGCX is managed by Fidelity. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HACAX or FAGCX.
Key characteristics
| HACAX | FAGCX | |
|---|---|---|
| YTD Return | 7.97% | 10.06% |
| 1Y Return | 38.52% | 40.70% |
| 3Y Return (Ann) | 4.67% | 0.66% |
| 5Y Return (Ann) | 15.32% | 16.03% |
| 10Y Return (Ann) | 15.20% | 16.11% |
| Sharpe Ratio | 2.17 | 2.30 |
| Daily Std Dev | 17.83% | 17.91% |
| Max Drawdown | -63.00% | -65.09% |
| Current Drawdown | -6.24% | -8.76% |
Correlation
The correlation between HACAX and FAGCX is 0.93, 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
HACAX vs. FAGCX - Performance Comparison
In the year-to-date period, HACAX achieves a 7.97% return, which is significantly lower than FAGCX's 10.06% return. Over the past 10 years, HACAX has underperformed FAGCX with an annualized return of 15.20%, while FAGCX has yielded a comparatively higher 16.11% 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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HACAX vs. FAGCX - Expense Ratio Comparison
HACAX has a 0.71% expense ratio, which is lower than FAGCX's 0.79% expense ratio.
Risk-Adjusted Performance
HACAX vs. FAGCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Capital Appreciation Fund Class I (HACAX) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX). 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
HACAX vs. FAGCX - Dividend Comparison
Neither HACAX nor FAGCX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HACAX Harbor Capital Appreciation Fund Class I | 0.00% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% | 6.52% | 3.13% |
FAGCX Fidelity Advisor Growth Opportunities Fund Class I | 0.00% | 0.00% | 0.00% | 9.45% | 5.13% | 3.77% | 11.09% | 7.45% | 14.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
HACAX vs. FAGCX - Drawdown Comparison
The maximum HACAX drawdown since its inception was -63.00%, roughly equal to the maximum FAGCX drawdown of -65.09%. Use the drawdown chart below to compare losses from any high point for HACAX and FAGCX. For additional features, visit the drawdowns tool.
Volatility
HACAX vs. FAGCX - Volatility Comparison
The current volatility for Harbor Capital Appreciation Fund Class I (HACAX) is 6.13%, while Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) has a volatility of 6.52%. This indicates that HACAX experiences smaller price fluctuations and is considered to be less risky than FAGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.