MXXIX vs. FDEGX
MXXIX (Marsico Midcap Growth Focus Fund) and FDEGX (Fidelity Growth Strategies Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, MXXIX returned 16.63%/yr vs 11.15%/yr for FDEGX. Their correlation of 0.90 means they have usually moved in the same direction. MXXIX charges 1.33%/yr vs 0.69%/yr for FDEGX.
Performance
MXXIX vs. FDEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MXXIX achieves a 14.43% return, which is significantly higher than FDEGX's 3.63% return. Over the past 10 years, MXXIX has outperformed FDEGX with an annualized return of 16.63%, while FDEGX has yielded a comparatively lower 11.15% annualized return.
MXXIX
- 1D
- 1.70%
- 1M
- -3.39%
- 6M
- 9.04%
- YTD
- 14.43%
- 1Y
- 20.04%
- 3Y*
- 29.73%
- 5Y*
- 11.12%
- 10Y*
- 16.63%
- ALL TIME*
- 9.36%
FDEGX
- 1D
- 3.45%
- 1M
- -6.65%
- 6M
- 3.54%
- YTD
- 3.63%
- 1Y
- -5.46%
- 3Y*
- 11.50%
- 5Y*
- 4.68%
- 10Y*
- 11.15%
- ALL TIME*
- 9.42%
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 |
MXXIX vs. FDEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXXIX Marsico Midcap Growth Focus Fund | 14.43% | 26.09% | 42.95% | 21.71% | -31.84% | 12.04% | 45.34% | 29.88% | 1.76% | 30.05% |
FDEGX Fidelity Growth Strategies Fund | 3.63% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
Correlation
The correlation between MXXIX and FDEGX 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. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000 | 0.90 |
The correlation between MXXIX and FDEGX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
MXXIX vs. FDEGX — Risk / Return Rank
MXXIX
FDEGX
MXXIX vs. FDEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsico Midcap Growth Focus Fund (MXXIX) 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.
| MXXIX | FDEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.97 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.37 | +1.73 |
| Martin ratioReturn relative to average drawdown | 4.71 | -0.89 | +5.61 |
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Drawdowns
MXXIX vs. FDEGX - Drawdown Comparison
The maximum MXXIX drawdown since its inception was -62.49%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for MXXIX and FDEGX.
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Drawdown Indicators
| MXXIX | FDEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.49% | -85.96% | +23.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -20.45% | +7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.05% | -26.04% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -40.59% | -36.62% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -36.62% | -3.97% |
Current DrawdownCurrent decline from peak | -5.29% | -11.12% | +5.83% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -36.68% | +18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 8.42% | -4.65% |
Volatility
MXXIX vs. FDEGX - Volatility Comparison
The current volatility for Marsico Midcap Growth Focus Fund (MXXIX) is 4.73%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 7.89%. This indicates that MXXIX 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
| MXXIX | FDEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 7.89% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | 18.45% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 24.05% | -3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 23.74% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 22.23% | -0.36% |
MXXIX vs. FDEGX - Expense Ratio Comparison
MXXIX has a 1.33% expense ratio, which is higher than FDEGX's 0.69% expense ratio.
Dividends
MXXIX vs. FDEGX - Dividend Comparison
MXXIX's dividend yield for the trailing twelve months is around 10.44%, 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% |
MXXIX Marsico Midcap Growth Focus Fund | 10.44% | 11.95% | 9.18% | 1.24% | 0.00% | 14.22% | 2.83% | 3.26% | 5.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MXXIX and FDEGX 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.
FDEGX has higher volatility (7.89%) compared to MXXIX (4.73%). In terms of maximum drawdown, MXXIX dropped -62.49% vs FDEGX's -85.96%.
MXXIX currently has the higher Sharpe Ratio (0.87 vs -0.31), 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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