MGC vs. FGRTX
Compare and contrast key facts about Vanguard Mega Cap ETF (MGC) and Fidelity Mega Cap Stock Fund (FGRTX).
MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007. FGRTX is managed by Fidelity. It was launched on Dec 28, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGC or FGRTX.
Key characteristics
| MGC | FGRTX | |
|---|---|---|
| YTD Return | 6.00% | 9.07% |
| 1Y Return | 25.78% | 26.40% |
| 3Y Return (Ann) | 8.14% | 10.55% |
| 5Y Return (Ann) | 13.78% | 15.16% |
| 10Y Return (Ann) | 12.82% | 12.44% |
| Sharpe Ratio | 2.05 | 2.17 |
| Daily Std Dev | 11.94% | 11.35% |
| Max Drawdown | -52.20% | -57.06% |
| Current Drawdown | -4.36% | -2.48% |
Correlation
The correlation between MGC and FGRTX is 0.94, 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.
Performance
MGC vs. FGRTX - Performance Comparison
In the year-to-date period, MGC achieves a 6.00% return, which is significantly lower than FGRTX's 9.07% return. Both investments have delivered pretty close results over the past 10 years, with MGC having a 12.82% annualized return and FGRTX not far behind at 12.44%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGC vs. FGRTX - Expense Ratio Comparison
MGC has a 0.07% expense ratio, which is lower than FGRTX's 0.61% expense ratio.
Risk-Adjusted Performance
MGC vs. FGRTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and Fidelity Mega Cap Stock Fund (FGRTX). 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.
Dividends
MGC vs. FGRTX - Dividend Comparison
MGC's dividend yield for the trailing twelve months is around 1.32%, less than FGRTX's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGC Vanguard Mega Cap ETF | 1.32% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% | 1.81% | 1.86% |
FGRTX Fidelity Mega Cap Stock Fund | 1.89% | 2.06% | 4.38% | 4.79% | 9.09% | 12.98% | 21.72% | 16.27% | 1.97% | 4.07% | 5.39% | 3.20% |
Drawdowns
MGC vs. FGRTX - Drawdown Comparison
The maximum MGC drawdown since its inception was -52.20%, smaller than the maximum FGRTX drawdown of -57.06%. Use the drawdown chart below to compare losses from any high point for MGC and FGRTX. For additional features, visit the drawdowns tool.
Volatility
MGC vs. FGRTX - Volatility Comparison
Vanguard Mega Cap ETF (MGC) has a higher volatility of 4.10% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 3.63%. This indicates that MGC's price experiences larger fluctuations and is considered to be riskier than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.