OEGYX vs. FMDGX
Compare and contrast key facts about Invesco Discovery Mid Cap Growth Fund (OEGYX) and Fidelity Mid Cap Growth Index Fund (FMDGX).
OEGYX is managed by Invesco. It was launched on Nov 1, 2000. FMDGX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OEGYX or FMDGX.
Correlation
The correlation between OEGYX and FMDGX is 0.96, 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
OEGYX vs. FMDGX - Performance Comparison
Key characteristics
OEGYX:
1.21
FMDGX:
1.58
OEGYX:
1.69
FMDGX:
2.17
OEGYX:
1.22
FMDGX:
1.28
OEGYX:
0.57
FMDGX:
1.51
OEGYX:
6.55
FMDGX:
8.17
OEGYX:
3.36%
FMDGX:
3.11%
OEGYX:
18.23%
FMDGX:
16.05%
OEGYX:
-58.27%
FMDGX:
-38.59%
OEGYX:
-22.16%
FMDGX:
-6.61%
Returns By Period
In the year-to-date period, OEGYX achieves a 21.89% return, which is significantly lower than FMDGX's 24.50% return.
OEGYX
21.89%
-9.31%
8.99%
21.98%
5.80%
6.37%
FMDGX
24.50%
-3.72%
17.23%
24.78%
11.74%
N/A
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OEGYX vs. FMDGX - Expense Ratio Comparison
OEGYX has a 0.78% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Risk-Adjusted Performance
OEGYX vs. FMDGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Mid Cap Growth Fund (OEGYX) 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.
Dividends
OEGYX vs. FMDGX - Dividend Comparison
OEGYX has not paid dividends to shareholders, while FMDGX's dividend yield for the trailing twelve months is around 0.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OEGYX Invesco Discovery Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.21% | 0.63% | 0.81% | 0.42% | 0.36% | 0.27% |
Drawdowns
OEGYX vs. FMDGX - Drawdown Comparison
The maximum OEGYX drawdown since its inception was -58.27%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for OEGYX and FMDGX. For additional features, visit the drawdowns tool.
Volatility
OEGYX vs. FMDGX - Volatility Comparison
Invesco Discovery Mid Cap Growth Fund (OEGYX) has a higher volatility of 7.46% compared to Fidelity Mid Cap Growth Index Fund (FMDGX) at 6.15%. This indicates that OEGYX's price experiences larger fluctuations and is considered to be riskier than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.