MGPIX vs. FMDGX
MGPIX (ProFunds Mid Cap Growth Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, MGPIX returned 1.06%/yr vs 4.37%/yr for FMDGX. Their correlation of 0.89 means they have usually moved in the same direction. MGPIX charges 1.69%/yr vs 0.05%/yr for FMDGX.
Performance
MGPIX vs. FMDGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGPIX achieves a 14.70% return, which is significantly higher than FMDGX's 0.31% return.
MGPIX
- 1D
- -0.07%
- 1M
- -2.99%
- 6M
- 9.34%
- YTD
- 14.70%
- 1Y
- 20.83%
- 3Y*
- 11.96%
- 5Y*
- 1.06%
- 10Y*
- 6.68%
- ALL TIME*
- 6.71%
FMDGX
- 1D
- -0.28%
- 1M
- -4.14%
- 6M
- 0.83%
- YTD
- 0.31%
- 1Y
- -1.05%
- 3Y*
- 12.08%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 9.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGPIX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MGPIX ProFunds Mid Cap Growth Fund | 14.70% | 5.56% | 13.77% | 15.40% | -20.47% | -6.46% | 20.28% | 4.35% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.31% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between MGPIX and FMDGX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.89 |
The correlation between MGPIX and FMDGX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGPIX vs. FMDGX — Risk / Return Rank
MGPIX
FMDGX
MGPIX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Mid Cap Growth Fund (MGPIX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
| MGPIX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.18 | +2.13 |
| Martin ratioReturn relative to average drawdown | 7.06 | -0.51 | +7.57 |
Loading charts...
Drawdowns
MGPIX vs. FMDGX - Drawdown Comparison
The maximum MGPIX drawdown since its inception was -54.61%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for MGPIX and FMDGX.
Loading charts...
Drawdown Indicators
| MGPIX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.61% | -38.59% | -16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -14.75% | +4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.86% | -25.30% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -43.84% | -38.59% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -43.84% | — | — |
Current DrawdownCurrent decline from peak | -4.91% | -6.46% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -11.02% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 5.30% | -2.57% |
Volatility
MGPIX vs. FMDGX - Volatility Comparison
The current volatility for ProFunds Mid Cap Growth Fund (MGPIX) is 4.43%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.09%. This indicates that MGPIX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGPIX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 5.09% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 13.99% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.64% | 17.60% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 22.53% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.26% | 24.22% | -2.96% |
MGPIX vs. FMDGX - Expense Ratio Comparison
MGPIX has a 1.69% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
MGPIX vs. FMDGX - Dividend Comparison
MGPIX's dividend yield for the trailing twelve months is around 2.98%, more than FMDGX's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.85% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% |
MGPIX ProFunds Mid Cap Growth Fund | 2.98% | 3.42% | 0.91% | 0.00% | 3.26% | 1.47% | 2.69% | 0.00% |
Frequently Asked Questions
MGPIX and FMDGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMDGX has higher volatility (5.09%) compared to MGPIX (4.43%). In terms of maximum drawdown, MGPIX dropped -54.61% vs FMDGX's -38.59%.
MGPIX currently has the higher Sharpe Ratio (1.10 vs -0.15), 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.
Find the right allocation for MGPIX and FMDGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer