IWF vs. FAGAX
IWF (iShares Russell 1000 Growth ETF) and FAGAX (Fidelity Advisor Growth Opportunities Fund Class A) are both Large Cap Growth Equities funds. IWF is passively managed, while FAGAX is actively managed. Over the past 10 years, IWF returned 17.44%/yr vs 20.99%/yr for FAGAX. Their correlation of 0.92 means they have usually moved in the same direction. IWF charges 0.18%/yr vs 0.96%/yr for FAGAX.
Performance
IWF vs. FAGAX - Performance Comparison
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Returns By Period
In the year-to-date period, IWF achieves a 2.33% return, which is significantly lower than FAGAX's 8.54% return. Over the past 10 years, IWF has underperformed FAGAX with an annualized return of 17.44%, while FAGAX has yielded a comparatively higher 20.99% annualized return.
IWF
- 1D
- 2.16%
- 1M
- -0.24%
- 6M
- 3.60%
- YTD
- 2.33%
- 1Y
- 12.35%
- 3Y*
- 21.10%
- 5Y*
- 12.02%
- 10Y*
- 17.44%
- ALL TIME*
- 8.31%
FAGAX
- 1D
- 1.13%
- 1M
- -4.25%
- 6M
- 9.40%
- YTD
- 8.54%
- 1Y
- 19.22%
- 3Y*
- 24.63%
- 5Y*
- 10.16%
- 10Y*
- 20.99%
- ALL TIME*
- 10.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $458.24M | $549.09M | $635.49M |
IWF vs. FAGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWF iShares Russell 1000 Growth ETF | 2.33% | 18.33% | 33.12% | 42.59% | -29.31% | 27.43% | 38.25% | 35.86% | -1.67% | 29.95% |
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 8.54% | 22.17% | 38.71% | 45.14% | -38.40% | 11.31% | 68.60% | 40.26% | 14.87% | 34.66% |
Correlation
The correlation between IWF and FAGAX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.92 |
The correlation between IWF and FAGAX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
IWF vs. FAGAX — Risk / Return Rank
IWF
FAGAX
IWF vs. FAGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth ETF (IWF) and Fidelity Advisor Growth Opportunities Fund Class A (FAGAX). 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.
| IWF | FAGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.02 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.27 | 3.49 | -1.22 |
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Drawdowns
IWF vs. FAGAX - Drawdown Comparison
The maximum IWF drawdown since its inception was -64.25%, roughly equal to the maximum FAGAX drawdown of -65.24%. Use the drawdown chart below to compare losses from any high point for IWF and FAGAX.
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Drawdown Indicators
| IWF | FAGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.25% | -65.24% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -16.27% | -16.19% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -26.62% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -44.70% | +11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -32.72% | -44.70% | +11.98% |
Current DrawdownCurrent decline from peak | -6.05% | -7.11% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -21.98% | -15.14% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 4.73% | +0.73% |
Volatility
IWF vs. FAGAX - Volatility Comparison
The current volatility for iShares Russell 1000 Growth ETF (IWF) is 6.73%, while Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) has a volatility of 8.05%. This indicates that IWF experiences smaller price fluctuations and is considered to be less risky than FAGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWF | FAGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 8.05% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 17.89% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 21.54% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 25.31% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 24.10% | -2.98% |
IWF vs. FAGAX - Expense Ratio Comparison
IWF has a 0.18% expense ratio, which is lower than FAGAX's 0.96% expense ratio.
Dividends
IWF vs. FAGAX - Dividend Comparison
IWF's dividend yield for the trailing twelve months is around 0.36%, less than FAGAX's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 3.78% | 4.11% | 0.00% | 0.00% | 0.00% | 10.19% | 5.45% | 4.10% | 11.99% | 7.67% | 15.44% | 11.12% |
IWF iShares Russell 1000 Growth ETF | 0.36% | 0.36% | 0.46% | 0.67% | 0.91% | 0.49% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% |
Frequently Asked Questions
With a correlation of 0.93, IWF and FAGAX 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.
FAGAX has higher volatility (8.05%) compared to IWF (6.73%). In terms of maximum drawdown, IWF dropped -64.25% vs FAGAX's -65.24%.
FAGAX currently has the higher Sharpe Ratio (0.77 vs 0.71), 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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