WAYFX vs. FGRTX

Last updated Jun 5, 2026

WAYFX (Waycross Focused Core Equity Fund) and FGRTX (Fidelity Mega Cap Stock Fund) are both Large Cap Blend Equities funds. Over the past 5 years, WAYFX returned 12.24%/yr vs 15.94%/yr for FGRTX. Their correlation of 0.91 suggests significant overlap in exposure. WAYFX charges 0.89%/yr vs 0.61%/yr for FGRTX.

Performance

WAYFX vs. FGRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waycross Focused Core Equity Fund (WAYFX) 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, WAYFX achieves a 2.72% return, which is significantly lower than FGRTX's 9.38% return.

WAYFX

• 1D: -1.21%
• 1M: 1.44%
• YTD: 2.72%
• 6M: 2.81%
• 1Y: 18.90%
• 3Y*: 19.78%
• 5Y*: 12.24%
• 10Y*: —

FGRTX

• 1D: -1.01%
• 1M: 1.54%
• YTD: 9.38%
• 6M: 11.06%
• 1Y: 29.86%
• 3Y*: 25.16%
• 5Y*: 15.94%
• 10Y*: 16.36%

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

WAYFX vs. FGRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WAYFX Waycross Focused Core Equity Fund	2.72%	18.35%	25.10%	33.43%	-19.68%	26.33%	1.59%
FGRTX Fidelity Mega Cap Stock Fund	9.38%	26.92%	25.98%	26.51%	-8.98%	26.29%	2.29%

Correlation

The correlation between WAYFX and FGRTX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020	0.91

The correlation between WAYFX and FGRTX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

WAYFX vs. FGRTX — Risk / Return Rank

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

WAYFX

WAYFX Risk / Return Rank: 24
WAYFX Sharpe Ratio Rank: 25
WAYFX Sortino Ratio Rank: 25
WAYFX Omega Ratio Rank: 24
WAYFX Calmar Ratio Rank: 18
WAYFX Martin Ratio Rank: 25

FGRTX

FGRTX Risk / Return Rank: 73
FGRTX Sharpe Ratio Rank: 74
FGRTX Sortino Ratio Rank: 68
FGRTX Omega Ratio Rank: 66
FGRTX Calmar Ratio Rank: 74
FGRTX Martin Ratio Rank: 82

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.

WAYFX vs. FGRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waycross Focused Core Equity Fund (WAYFX) 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.

	WAYFX	FGRTX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.51	-1.13
Sortino ratio: Return per unit of downside risk	2.02	3.46	-1.44
Omega ratio: Gain probability vs. loss probability	1.25	1.46	-0.21
Calmar ratio: Return relative to maximum drawdown	1.48	3.36	-1.88
Martin ratio: Return relative to average drawdown	5.83	15.23	-9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAYFX vs. FGRTX - Sharpe Ratio Comparison

The current WAYFX Sharpe Ratio is 1.39, which is lower than the FGRTX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of WAYFX 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

	WAYFX	FGRTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.51	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.96	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.47	+0.31

Drawdowns

WAYFX vs. FGRTX - Drawdown Comparison

The maximum WAYFX drawdown since its inception was -29.62%, smaller than the maximum FGRTX drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for WAYFX and FGRTX.

Drawdown Indicators

	WAYFX	FGRTX	Difference
Max Drawdown Largest peak-to-trough decline	-29.62%	-56.17%	+26.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-8.99%	-4.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-18.51%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-23.35%	-6.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.18%	—
Current Drawdown Current decline from peak	-1.97%	-1.33%	-0.64%
Average Drawdown Average peak-to-trough decline	-6.24%	-8.72%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	1.98%	+1.35%

Volatility

WAYFX vs. FGRTX - Volatility Comparison

Waycross Focused Core Equity Fund (WAYFX) has a higher volatility of 3.94% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 2.87%. This indicates that WAYFX'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

	WAYFX	FGRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	2.87%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	9.09%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	12.02%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	16.71%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	18.12%	+0.57%

WAYFX vs. FGRTX - Expense Ratio Comparison

WAYFX has a 0.89% expense ratio, which is higher than FGRTX's 0.61% expense ratio.

Dividends

WAYFX vs. FGRTX - Dividend Comparison

WAYFX's dividend yield for the trailing twelve months is around 1.03%, less than FGRTX's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRTX Fidelity Mega Cap Stock Fund	3.55%	3.89%	2.68%	2.06%	4.38%	4.79%	7.96%	12.98%	21.72%	15.57%	1.97%	4.16%
WAYFX Waycross Focused Core Equity Fund	1.03%	1.06%	0.29%	0.61%	0.47%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAYFX and FGRTX in my portfolio?

With a correlation of 0.90, WAYFX and FGRTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WAYFX or FGRTX?

WAYFX has higher volatility (3.94%) compared to FGRTX (2.87%). In terms of maximum drawdown, WAYFX dropped -29.62% vs FGRTX's -56.17%.

Which has better risk-adjusted returns?

FGRTX currently has the higher Sharpe Ratio (2.51 vs 1.39), 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.