TOCQX vs. FGRTX

Last updated Jun 4, 2026

TOCQX (Tocqueville Fund) and FGRTX (Fidelity Mega Cap Stock Fund) are both Large Cap Blend Equities funds. Over the past 10 years, TOCQX returned 15.02%/yr vs 16.48%/yr for FGRTX. Their correlation of 0.90 suggests significant overlap in exposure. TOCQX charges 1.25%/yr vs 0.61%/yr for FGRTX.

Performance

TOCQX vs. FGRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tocqueville Fund (TOCQX) and Fidelity Mega Cap Stock Fund (FGRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOCQX achieves a 23.02% return, which is significantly higher than FGRTX's 10.50% return. Over the past 10 years, TOCQX has underperformed FGRTX with an annualized return of 15.02%, while FGRTX has yielded a comparatively higher 16.48% annualized return.

TOCQX

• 1D: 2.57%
• 1M: 9.65%
• YTD: 23.02%
• 6M: 25.54%
• 1Y: 48.72%
• 3Y*: 25.87%
• 5Y*: 15.60%
• 10Y*: 15.02%

FGRTX

• 1D: -0.32%
• 1M: 3.41%
• YTD: 10.50%
• 6M: 12.42%
• 1Y: 31.38%
• 3Y*: 25.59%
• 5Y*: 16.32%
• 10Y*: 16.48%

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

TOCQX vs. FGRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOCQX Tocqueville Fund	23.02%	22.96%	20.70%	16.82%	-13.72%	25.81%	12.58%	29.34%	-7.23%	20.38%
FGRTX Fidelity Mega Cap Stock Fund	10.50%	26.92%	25.98%	26.51%	-8.98%	26.29%	12.96%	31.07%	-7.44%	16.98%

Correlation

The correlation between TOCQX and FGRTX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 29, 1998	0.90

The correlation between TOCQX and FGRTX shifts across timeframes, from 0.78 (1 year) to 0.91 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TOCQX vs. FGRTX — Risk / Return Rank

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

TOCQX

TOCQX Risk / Return Rank: 87
TOCQX Sharpe Ratio Rank: 89
TOCQX Sortino Ratio Rank: 82
TOCQX Omega Ratio Rank: 75
TOCQX Calmar Ratio Rank: 93
TOCQX Martin Ratio Rank: 94

FGRTX

FGRTX Risk / Return Rank: 80
FGRTX Sharpe Ratio Rank: 84
FGRTX Sortino Ratio Rank: 78
FGRTX Omega Ratio Rank: 75
FGRTX Calmar Ratio Rank: 79
FGRTX Martin Ratio Rank: 85

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.

TOCQX vs. FGRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tocqueville Fund (TOCQX) 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.

	TOCQX	FGRTX	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.70	+0.27
Sortino ratio: Return per unit of downside risk	3.91	3.70	+0.21
Omega ratio: Gain probability vs. loss probability	1.50	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	5.24	3.59	+1.65
Martin ratio: Return relative to average drawdown	21.47	16.31	+5.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOCQX vs. FGRTX - Sharpe Ratio Comparison

The current TOCQX Sharpe Ratio is 2.97, which is comparable to the FGRTX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of TOCQX and FGRTX, 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

	TOCQX	FGRTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	2.70	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.98	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.91	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.48	+0.11

Drawdowns

TOCQX vs. FGRTX - Drawdown Comparison

The maximum TOCQX drawdown since its inception was -54.34%, roughly equal to the maximum FGRTX drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for TOCQX and FGRTX.

Drawdown Indicators

	TOCQX	FGRTX	Difference
Max Drawdown Largest peak-to-trough decline	-54.34%	-56.17%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-8.99%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-20.80%	-18.51%	-2.29%
Max Drawdown (5Y) Largest decline over 5 years	-22.26%	-23.35%	+1.09%
Max Drawdown (10Y) Largest decline over 10 years	-35.13%	-35.18%	+0.05%
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-7.76%	-8.72%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.98%	+0.34%

Volatility

TOCQX vs. FGRTX - Volatility Comparison

Tocqueville Fund (TOCQX) has a higher volatility of 6.38% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 2.71%. This indicates that TOCQX'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.

Volatility by Period

	TOCQX	FGRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.38%	2.71%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	9.06%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	11.98%	+4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	16.70%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	18.12%	+0.18%

TOCQX vs. FGRTX - Expense Ratio Comparison

TOCQX has a 1.25% expense ratio, which is higher than FGRTX's 0.61% expense ratio.

Dividends

TOCQX vs. FGRTX - Dividend Comparison

TOCQX's dividend yield for the trailing twelve months is around 5.50%, more than FGRTX's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRTX Fidelity Mega Cap Stock Fund	3.52%	3.89%	2.68%	2.06%	4.38%	4.79%	7.96%	12.98%	21.72%	15.57%	1.97%	4.16%
TOCQX Tocqueville Fund	5.50%	6.77%	8.65%	5.91%	5.05%	10.71%	3.38%	7.10%	9.39%	9.73%	5.66%	2.09%

Frequently Asked Questions

Can I hold both TOCQX and FGRTX in my portfolio?

TOCQX and FGRTX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOCQX or FGRTX?

TOCQX has higher volatility (6.38%) compared to FGRTX (2.71%). In terms of maximum drawdown, TOCQX dropped -54.34% vs FGRTX's -56.17%.

Which has better risk-adjusted returns?

TOCQX currently has the higher Sharpe Ratio (2.97 vs 2.70), 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.