JMGMX vs. FIDGX

Last updated Jun 4, 2026

JMGMX (JPMorgan Mid Cap Growth Fund Class R6) and FIDGX (Fidelity Advisor Small Cap Growth Fund Class Z) are both mutual funds - JMGMX is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, while FIDGX is a Small Cap Growth Equities fund managed by Fidelity. Over the past 5 years, JMGMX returned 7.01%/yr vs 8.47%/yr for FIDGX. Their correlation of 0.92 suggests significant overlap in exposure. JMGMX charges 0.65%/yr vs 0.90%/yr for FIDGX.

Performance

JMGMX vs. FIDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Growth Fund Class R6 (JMGMX) and Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMGMX achieves a 6.73% return, which is significantly lower than FIDGX's 18.59% return.

JMGMX

• 1D: 0.09%
• 1M: 4.72%
• YTD: 6.73%
• 6M: 4.98%
• 1Y: 12.65%
• 3Y*: 16.72%
• 5Y*: 7.01%
• 10Y*: 13.97%

FIDGX

• 1D: 0.79%
• 1M: 4.20%
• YTD: 18.59%
• 6M: 16.65%
• 1Y: 38.10%
• 3Y*: 20.93%
• 5Y*: 8.47%
• 10Y*: —

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

JMGMX vs. FIDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMGMX JPMorgan Mid Cap Growth Fund Class R6	6.73%	8.86%	22.68%	23.35%	-26.95%	10.89%	48.58%	40.03%	-4.88%	21.48%
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	18.59%	11.29%	20.67%	19.17%	-25.25%	10.63%	36.52%	36.54%	-4.45%	22.27%

Correlation

The correlation between JMGMX and FIDGX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017	0.92

The correlation between JMGMX and FIDGX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

JMGMX vs. FIDGX — Risk / Return Rank

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

JMGMX

JMGMX Risk / Return Rank: 10
JMGMX Sharpe Ratio Rank: 10
JMGMX Sortino Ratio Rank: 10
JMGMX Omega Ratio Rank: 9
JMGMX Calmar Ratio Rank: 10
JMGMX Martin Ratio Rank: 10

FIDGX

FIDGX Risk / Return Rank: 49
FIDGX Sharpe Ratio Rank: 42
FIDGX Sortino Ratio Rank: 38
FIDGX Omega Ratio Rank: 36
FIDGX Calmar Ratio Rank: 64
FIDGX Martin Ratio Rank: 63

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.

JMGMX vs. FIDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Growth Fund Class R6 (JMGMX) and Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX). 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.

	JMGMX	FIDGX	Difference
Sharpe ratio Return per unit of total volatility	0.79	1.90	-1.10
Sortino ratio Return per unit of downside risk	1.22	2.58	-1.37
Omega ratio Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio Return relative to maximum drawdown	0.98	3.07	-2.09
Martin ratio Return relative to average drawdown	3.12	12.36	-9.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMGMX vs. FIDGX - Sharpe Ratio Comparison

The current JMGMX Sharpe Ratio is 0.79, which is lower than the FIDGX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JMGMX and FIDGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMGMX	FIDGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.90	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.36	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.61	+0.05

Drawdowns

JMGMX vs. FIDGX - Drawdown Comparison

The maximum JMGMX drawdown since its inception was -37.07%, roughly equal to the maximum FIDGX drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for JMGMX and FIDGX.

Drawdown Indicators

	JMGMX	FIDGX	Difference
Max Drawdown Largest peak-to-trough decline	-37.07%	-38.99%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-13.09%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-25.50%	-28.68%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	-38.99%	+1.92%
Max Drawdown (10Y) Largest decline over 10 years	-37.07%	—	—
Current Drawdown Current decline from peak	0.00%	-0.40%	+0.40%
Average Drawdown Average peak-to-trough decline	-7.77%	-10.78%	+3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	3.25%	+1.16%

Volatility

JMGMX vs. FIDGX - Volatility Comparison

The current volatility for JPMorgan Mid Cap Growth Fund Class R6 (JMGMX) is 4.35%, while Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) has a volatility of 6.49%. This indicates that JMGMX experiences smaller price fluctuations and is considered to be less risky than FIDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMGMX	FIDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	6.49%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	16.33%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	21.20%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.28%	23.48%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	23.33%	-1.37%

JMGMX vs. FIDGX - Expense Ratio Comparison

JMGMX has a 0.65% expense ratio, which is lower than FIDGX's 0.90% expense ratio.

Dividends

JMGMX vs. FIDGX - Dividend Comparison

JMGMX's dividend yield for the trailing twelve months is around 8.47%, more than FIDGX's 5.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	5.32%	6.31%	1.49%	0.00%	0.00%	19.26%	8.17%	5.27%	14.38%	6.92%	0.00%	0.00%
JMGMX JPMorgan Mid Cap Growth Fund Class R6	8.47%	9.04%	14.16%	0.00%	0.76%	8.62%	10.47%	7.13%	7.14%	6.32%	0.04%	5.26%

Frequently Asked Questions

Can I hold both JMGMX and FIDGX in my portfolio?

JMGMX and FIDGX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMGMX or FIDGX?

FIDGX has higher volatility (6.49%) compared to JMGMX (4.35%). In terms of maximum drawdown, JMGMX dropped -37.07% vs FIDGX's -38.99%.

Which has better risk-adjusted returns?

FIDGX currently has the higher Sharpe Ratio (1.90 vs 0.79), 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.