HAGAX vs. FMDGX
HAGAX (Carillon Eagle Mid Cap Growth Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, HAGAX returned 1.88%/yr vs 4.43%/yr for FMDGX. Their 0.98 correlation means they have historically moved very closely together. HAGAX charges 1.03%/yr vs 0.05%/yr for FMDGX.
Performance
HAGAX vs. FMDGX - Performance Comparison
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Returns By Period
In the year-to-date period, HAGAX achieves a 5.06% return, which is significantly higher than FMDGX's 0.60% return.
HAGAX
- 1D
- 1.37%
- 1M
- -3.38%
- 6M
- 4.61%
- YTD
- 5.06%
- 1Y
- 3.66%
- 3Y*
- 8.68%
- 5Y*
- 1.88%
- 10Y*
- 10.98%
- ALL TIME*
- 10.23%
FMDGX
- 1D
- 2.29%
- 1M
- -3.87%
- 6M
- 1.50%
- YTD
- 0.60%
- 1Y
- -0.77%
- 3Y*
- 11.99%
- 5Y*
- 4.43%
- 10Y*
- —
- ALL TIME*
- 10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HAGAX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HAGAX Carillon Eagle Mid Cap Growth Fund | 5.06% | 4.50% | 12.64% | 19.76% | -25.85% | 11.19% | 39.79% | 3.49% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.60% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between HAGAX and FMDGX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.98 |
The correlation between HAGAX and FMDGX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
HAGAX vs. FMDGX — Risk / Return Rank
HAGAX
FMDGX
HAGAX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carillon Eagle Mid Cap Growth Fund (HAGAX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HAGAX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.21 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.28 | -0.57 | +0.85 |
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Drawdowns
HAGAX vs. FMDGX - Drawdown Comparison
The maximum HAGAX drawdown since its inception was -52.32%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for HAGAX and FMDGX.
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Drawdown Indicators
| HAGAX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.32% | -38.59% | -13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -14.75% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -25.30% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -34.36% | -38.59% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | — | — |
Current DrawdownCurrent decline from peak | -5.46% | -6.20% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -11.03% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 5.29% | -1.36% |
Volatility
HAGAX vs. FMDGX - Volatility Comparison
The current volatility for Carillon Eagle Mid Cap Growth Fund (HAGAX) is 4.17%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.15%. This indicates that HAGAX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAGAX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 5.15% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 14.00% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 17.61% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.06% | 22.54% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 24.23% | -2.39% |
HAGAX vs. FMDGX - Expense Ratio Comparison
HAGAX has a 1.03% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
HAGAX vs. FMDGX - Dividend Comparison
HAGAX's dividend yield for the trailing twelve months is around 13.19%, more than FMDGX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.84% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
HAGAX Carillon Eagle Mid Cap Growth Fund | 13.19% | 13.86% | 13.00% | 11.74% | 1.41% | 10.82% | 2.26% | 2.19% | 5.95% | 2.69% | 0.00% | 1.67% |
Frequently Asked Questions
With a correlation of 0.97, HAGAX and FMDGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FMDGX has higher volatility (5.15%) compared to HAGAX (4.17%). In terms of maximum drawdown, HAGAX dropped -52.32% vs FMDGX's -38.59%.
HAGAX currently has the higher Sharpe Ratio (0.06 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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