IWP vs. FDEGX
IWP (iShares Russell Mid-Cap Growth ETF) and FDEGX (Fidelity Growth Strategies Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, IWP returned 11.64%/yr vs 11.34%/yr for FDEGX. Their correlation of 0.95 suggests significant overlap in exposure. IWP charges 0.23%/yr vs 0.63%/yr for FDEGX.
Performance
IWP vs. FDEGX - Performance Comparison
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Returns By Period
In the year-to-date period, IWP achieves a 0.63% return, which is significantly lower than FDEGX's 5.33% return. Both investments have delivered pretty close results over the past 10 years, with IWP having a 11.64% annualized return and FDEGX not far behind at 11.34%.
IWP
- 1D
- 0.00%
- 1M
- -3.07%
- 6M
- -2.52%
- YTD
- 0.63%
- 1Y
- -1.82%
- 3Y*
- 12.07%
- 5Y*
- 4.51%
- 10Y*
- 11.64%
- ALL TIME*
- 9.13%
FDEGX
- 1D
- -0.69%
- 1M
- -7.51%
- 6M
- -0.12%
- YTD
- 5.33%
- 1Y
- -5.12%
- 3Y*
- 11.99%
- 5Y*
- 6.04%
- 10Y*
- 11.34%
- ALL TIME*
- 9.48%
IWP vs. FDEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 0.63% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
FDEGX Fidelity Growth Strategies Fund | 5.33% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
Correlation
The correlation between IWP and FDEGX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2001 | 0.95 |
The correlation between IWP and FDEGX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
IWP vs. FDEGX — Risk / Return Rank
IWP
FDEGX
IWP vs. FDEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) 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.
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.
| IWP | FDEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.23 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.35 | -0.57 | +0.22 |
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Drawdowns
IWP vs. FDEGX - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for IWP and FDEGX.
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Drawdown Indicators
| IWP | FDEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -85.96% | +29.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -20.45% | +5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | -26.04% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -38.62% | -36.62% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -36.62% | -2.00% |
Current DrawdownCurrent decline from peak | -6.02% | -9.66% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -36.71% | +27.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 8.20% | -3.01% |
Volatility
IWP vs. FDEGX - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Growth ETF (IWP) is 5.06%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 6.72%. This indicates that IWP 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
| IWP | FDEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 6.72% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 17.71% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 23.41% | -6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 23.62% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 22.16% | -0.47% |
IWP vs. FDEGX - Expense Ratio Comparison
IWP has a 0.23% expense ratio, which is lower than FDEGX's 0.63% expense ratio.
Dividends
IWP vs. FDEGX - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.36%, 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% |
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
With a correlation of 0.93, IWP and FDEGX 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.
FDEGX has higher volatility (6.72%) compared to IWP (5.06%). In terms of maximum drawdown, IWP dropped -56.92% vs FDEGX's -85.96%.
IWP currently has the higher Sharpe Ratio (-0.11 vs -0.20), 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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