ILCV vs. FDEGX
ILCV (iShares Morningstar Value ETF) and FDEGX (Fidelity Growth Strategies Fund) are both funds - ILCV is a Large Cap Value Equities fund tracking the Morningstar US Large-Mid Cap Broad Value Index, while FDEGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 10 years, ILCV returned 11.58%/yr vs 11.86%/yr for FDEGX. A 0.75 correlation means they provide meaningful diversification when combined. ILCV charges 0.04%/yr vs 0.63%/yr for FDEGX.
Performance
ILCV vs. FDEGX - Performance Comparison
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Returns By Period
In the year-to-date period, ILCV achieves a 7.35% return, which is significantly lower than FDEGX's 8.51% return. Both investments have delivered pretty close results over the past 10 years, with ILCV having a 11.58% annualized return and FDEGX not far ahead at 11.86%.
ILCV
- 1D
- -0.06%
- 1M
- 1.03%
- YTD
- 7.35%
- 6M
- 7.96%
- 1Y
- 25.66%
- 3Y*
- 18.09%
- 5Y*
- 11.47%
- 10Y*
- 11.58%
FDEGX
- 1D
- -3.58%
- 1M
- -0.04%
- YTD
- 8.51%
- 6M
- -1.97%
- 1Y
- 1.60%
- 3Y*
- 16.17%
- 5Y*
- 7.93%
- 10Y*
- 11.86%
ILCV vs. FDEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 7.35% | 18.79% | 17.03% | 14.43% | -7.02% | 26.71% | -0.84% | 25.19% | -6.24% | 15.00% |
FDEGX Fidelity Growth Strategies Fund | 8.51% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
Correlation
The correlation between ILCV and FDEGX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2004 | 0.75 |
The correlation between ILCV and FDEGX has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
ILCV vs. FDEGX — Risk / Return Rank
ILCV
FDEGX
ILCV vs. FDEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) and Fidelity Growth Strategies Fund (FDEGX). 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.
| ILCV | FDEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.04 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 0.15 | +3.79 |
| Martin ratioReturn relative to average drawdown | 16.24 | 0.37 | +15.87 |
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
| ILCV | FDEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 0.13 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.34 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.54 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.40 | +0.06 |
Drawdowns
ILCV vs. FDEGX - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for ILCV and FDEGX.
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Drawdown Indicators
| ILCV | FDEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -85.96% | +27.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -20.45% | +13.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -26.04% | +11.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -36.62% | +18.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | -36.62% | +1.09% |
Current DrawdownCurrent decline from peak | -1.33% | -6.93% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -36.82% | +27.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 8.01% | -6.43% |
Volatility
ILCV vs. FDEGX - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 2.33%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 6.56%. This indicates that ILCV experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILCV | FDEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 6.56% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 19.21% | -12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.90% | 22.26% | -12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 23.35% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 22.07% | -5.40% |
ILCV vs. FDEGX - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is lower than FDEGX's 0.63% expense ratio.
Dividends
ILCV vs. FDEGX - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.63%, while FDEGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
ILCV iShares Morningstar Value ETF | 1.63% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
ILCV and FDEGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (6.56%) compared to ILCV (2.33%). In terms of maximum drawdown, ILCV dropped -58.63% vs FDEGX's -85.96%.
ILCV currently has the higher Sharpe Ratio (2.61 vs 0.13), 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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