TQCAX vs. FDGRX
Compare and contrast key facts about Touchstone Dividend Equity Fund (TQCAX) and Fidelity Growth Company Fund (FDGRX).
TQCAX is managed by Touchstone. It was launched on Jun 7, 1998. FDGRX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQCAX or FDGRX.
Key characteristics
| TQCAX | FDGRX | |
|---|---|---|
| YTD Return | 12.33% | 23.90% |
| 1Y Return | 21.27% | 37.03% |
| 3Y Return (Ann) | 8.06% | 7.06% |
| 5Y Return (Ann) | 5.15% | 22.72% |
| 10Y Return (Ann) | 2.03% | 18.40% |
| Sharpe Ratio | 1.80 | 1.88 |
| Daily Std Dev | 11.61% | 19.43% |
| Max Drawdown | -68.36% | -71.50% |
| Current Drawdown | -0.31% | -5.92% |
Correlation
The correlation between TQCAX and FDGRX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TQCAX vs. FDGRX - Performance Comparison
In the year-to-date period, TQCAX achieves a 12.33% return, which is significantly lower than FDGRX's 23.90% return. Over the past 10 years, TQCAX has underperformed FDGRX with an annualized return of 2.03%, while FDGRX has yielded a comparatively higher 18.40% annualized return. 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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TQCAX vs. FDGRX - Expense Ratio Comparison
TQCAX has a 1.04% expense ratio, which is higher than FDGRX's 0.79% expense ratio.
Risk-Adjusted Performance
TQCAX vs. FDGRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Dividend Equity Fund (TQCAX) and Fidelity Growth Company Fund (FDGRX). 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
TQCAX vs. FDGRX - Dividend Comparison
TQCAX's dividend yield for the trailing twelve months is around 4.29%, more than FDGRX's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQCAX Touchstone Dividend Equity Fund | 4.29% | 4.69% | 5.30% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDGRX Fidelity Growth Company Fund | 3.09% | 3.83% | 7.20% | 10.67% | 8.86% | 3.84% | 6.38% | 4.73% | 6.23% | 3.92% | 4.03% | 7.12% |
Drawdowns
TQCAX vs. FDGRX - Drawdown Comparison
The maximum TQCAX drawdown since its inception was -68.36%, roughly equal to the maximum FDGRX drawdown of -71.50%. Use the drawdown chart below to compare losses from any high point for TQCAX and FDGRX. For additional features, visit the drawdowns tool.
Volatility
TQCAX vs. FDGRX - Volatility Comparison
The current volatility for Touchstone Dividend Equity Fund (TQCAX) is 2.97%, while Fidelity Growth Company Fund (FDGRX) has a volatility of 6.35%. This indicates that TQCAX experiences smaller price fluctuations and is considered to be less risky than FDGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.