IVOO vs. FSKGX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard S&P Mid-Cap 400 ETF (IVOO) and Fidelity Growth Strategies K6 Fund (FSKGX).

IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010. FSKGX is managed by Fidelity. It was launched on May 25, 2017.

Performance

IVOO vs. FSKGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Mid-Cap 400 ETF (IVOO) and Fidelity Growth Strategies K6 Fund (FSKGX). The values are adjusted to include any dividend payments, if applicable.

IVOO vs. FSKGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVOO Vanguard S&P Mid-Cap 400 ETF	2.57%	7.47%	13.77%	16.45%	-13.17%	24.61%	13.61%	26.18%	-11.33%	10.90%
FSKGX Fidelity Growth Strategies K6 Fund	-7.04%	7.82%	20.04%	21.58%	-26.20%	21.62%	29.50%	36.90%	-6.89%	10.43%

Returns By Period

In the year-to-date period, IVOO achieves a 2.57% return, which is significantly higher than FSKGX's -7.04% return.

IVOO

• 1D: 2.97%
• 1M: -5.28%
• YTD: 2.57%
• 6M: 4.28%
• 1Y: 17.42%
• 3Y*: 12.05%
• 5Y*: 6.55%
• 10Y*: 10.44%

FSKGX

• 1D: -1.97%
• 1M: -11.40%
• YTD: -7.04%
• 6M: -14.07%
• 1Y: 8.66%
• 3Y*: 10.52%
• 5Y*: 5.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVOO vs. FSKGX - Expense Ratio Comparison

IVOO has a 0.10% expense ratio, which is lower than FSKGX's 0.45% expense ratio.

FSKGX

Fidelity Growth Strategies K6 Fund

IVOO

Vanguard S&P Mid-Cap 400 ETF

Return for Risk

IVOO vs. FSKGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVOO

IVOO Risk / Return Rank: 52
IVOO Sharpe Ratio Rank: 48
IVOO Sortino Ratio Rank: 52
IVOO Omega Ratio Rank: 50
IVOO Calmar Ratio Rank: 53
IVOO Martin Ratio Rank: 59

FSKGX

FSKGX Risk / Return Rank: 13
FSKGX Sharpe Ratio Rank: 14
FSKGX Sortino Ratio Rank: 15
FSKGX Omega Ratio Rank: 14
FSKGX Calmar Ratio Rank: 11
FSKGX Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVOO vs. FSKGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and Fidelity Growth Strategies K6 Fund (FSKGX). 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.

	IVOO	FSKGX	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.34	+0.49
Sortino ratio Return per unit of downside risk	1.30	0.64	+0.66
Omega ratio Gain probability vs. loss probability	1.18	1.09	+0.09
Calmar ratio Return relative to maximum drawdown	1.24	0.26	+0.98
Martin ratio Return relative to average drawdown	5.38	0.81	+4.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVOO vs. FSKGX - Sharpe Ratio Comparison

The current IVOO Sharpe Ratio is 0.82, which is higher than the FSKGX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of IVOO and FSKGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IVOO	FSKGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.34	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.24	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.46	+0.13

Correlation

The correlation between IVOO and FSKGX is 0.82, 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.

Dividends

IVOO vs. FSKGX - Dividend Comparison

IVOO's dividend yield for the trailing twelve months is around 1.32%, while FSKGX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOO Vanguard S&P Mid-Cap 400 ETF	1.32%	1.35%	1.30%	1.25%	1.58%	1.14%	1.23%	1.49%	1.56%	1.22%	1.37%	1.45%
FSKGX Fidelity Growth Strategies K6 Fund	0.00%	0.00%	0.00%	1.37%	0.27%	26.04%	2.53%	0.50%	0.85%	0.30%	0.00%	0.00%

Drawdowns

IVOO vs. FSKGX - Drawdown Comparison

The maximum IVOO drawdown since its inception was -42.33%, which is greater than FSKGX's maximum drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for IVOO and FSKGX.

Drawdown Indicators

	IVOO	FSKGX	Difference
Max Drawdown Largest peak-to-trough decline	-42.33%	-36.51%	-5.82%
Max Drawdown (1Y) Largest decline over 1 year	-14.17%	-16.39%	+2.22%
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	-36.51%	+12.29%
Max Drawdown (10Y) Largest decline over 10 years	-42.33%	—	—
Current Drawdown Current decline from peak	-6.10%	-16.39%	+10.29%
Average Drawdown Average peak-to-trough decline	-5.31%	-9.05%	+3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	5.28%	-2.01%

Volatility

IVOO vs. FSKGX - Volatility Comparison

The current volatility for Vanguard S&P Mid-Cap 400 ETF (IVOO) is 6.56%, while Fidelity Growth Strategies K6 Fund (FSKGX) has a volatility of 7.62%. This indicates that IVOO experiences smaller price fluctuations and is considered to be less risky than FSKGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVOO	FSKGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	7.62%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	15.97%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	21.22%	25.16%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	22.82%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.17%	22.78%	-1.61%