ZVGNX vs. FUMIX

Last updated Jun 20, 2026

ZVGNX (Zevenbergen Genea Fund) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, ZVGNX returned 1.47%/yr vs 17.68%/yr for FUMIX. A 0.73 correlation means they provide meaningful diversification when combined. ZVGNX charges 1.30%/yr vs 0.11%/yr for FUMIX.

Performance

ZVGNX vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zevenbergen Genea Fund (ZVGNX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZVGNX achieves a 1.12% return, which is significantly lower than FUMIX's 30.85% return.

ZVGNX

• 1D: 0.00%
• 1M: 1.04%
• YTD: 1.12%
• 6M: -1.03%
• 1Y: 8.67%
• 3Y*: 20.52%
• 5Y*: 1.47%
• 10Y*: 19.80%

FUMIX

• 1D: 1.84%
• 1M: 8.69%
• YTD: 30.85%
• 6M: 30.64%
• 1Y: 40.42%
• 3Y*: 32.61%
• 5Y*: 17.68%
• 10Y*: —

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

ZVGNX vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZVGNX Zevenbergen Genea Fund	1.12%	15.60%	34.37%	71.41%	-58.89%	-4.33%	144.29%	28.33%	10.78%	34.53%
FUMIX Fidelity SAI U.S. Momentum Index Fund	30.85%	17.01%	33.39%	14.67%	-15.79%	22.56%	29.92%	24.16%	-1.41%	22.71%

Correlation

The correlation between ZVGNX and FUMIX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.73

The correlation between ZVGNX and FUMIX shifts across timeframes, from 0.63 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ZVGNX vs. FUMIX — Risk / Return Rank

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

ZVGNX

ZVGNX Risk / Return Rank: 5
ZVGNX Sharpe Ratio Rank: 5
ZVGNX Sortino Ratio Rank: 5
ZVGNX Omega Ratio Rank: 5
ZVGNX Calmar Ratio Rank: 4
ZVGNX Martin Ratio Rank: 4

FUMIX

FUMIX Risk / Return Rank: 77
FUMIX Sharpe Ratio Rank: 73
FUMIX Sortino Ratio Rank: 68
FUMIX Omega Ratio Rank: 67
FUMIX Calmar Ratio Rank: 85
FUMIX Martin Ratio Rank: 91

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.

ZVGNX vs. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zevenbergen Genea Fund (ZVGNX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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.

	ZVGNX	FUMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.30	2.22	-1.92
Sortino ratio: Return per unit of downside risk	0.59	3.02	-2.43
Omega ratio: Gain probability vs. loss probability	1.07	1.40	-0.33
Calmar ratio: Return relative to maximum drawdown	0.27	3.73	-3.46
Martin ratio: Return relative to average drawdown	0.62	16.72	-16.10

ZVGNX vs. FUMIX - Sharpe Ratio Comparison

The current ZVGNX Sharpe Ratio is 0.30, which is lower than the FUMIX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ZVGNX and FUMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ZVGNX vs. FUMIX - Drawdown Comparison

The maximum ZVGNX drawdown since its inception was -68.81%, which is greater than FUMIX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for ZVGNX and FUMIX.

Drawdown Indicators

	ZVGNX	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-68.81%	-33.36%	-35.45%
Max Drawdown (1Y) Largest decline over 1 year	-32.10%	-10.99%	-21.11%
Max Drawdown (3Y) Largest decline over 3 years	-32.10%	-19.90%	-12.20%
Max Drawdown (5Y) Largest decline over 5 years	-66.62%	-27.66%	-38.96%
Max Drawdown (10Y) Largest decline over 10 years	-68.81%	—	—
Current Drawdown Current decline from peak	-12.15%	0.00%	-12.15%
Average Drawdown Average peak-to-trough decline	-20.72%	-6.29%	-14.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.78%	2.44%	+11.34%

Volatility

ZVGNX vs. FUMIX - Volatility Comparison

Zevenbergen Genea Fund (ZVGNX) has a higher volatility of 10.02% compared to Fidelity SAI U.S. Momentum Index Fund (FUMIX) at 7.72%. This indicates that ZVGNX's price experiences larger fluctuations and is considered to be riskier than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZVGNX	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	7.72%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	22.62%	16.07%	+6.55%
Volatility (1Y) Calculated over the trailing 1-year period	28.38%	18.43%	+9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.99%	21.38%	+17.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.42%	21.83%	+13.59%

ZVGNX vs. FUMIX - Expense Ratio Comparison

ZVGNX has a 1.30% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

ZVGNX vs. FUMIX - Dividend Comparison

ZVGNX has not paid dividends to shareholders, while FUMIX's dividend yield for the trailing twelve months is around 2.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.12%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%
ZVGNX Zevenbergen Genea Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	0.00%

Frequently Asked Questions

Can I hold both ZVGNX and FUMIX in my portfolio?

ZVGNX and FUMIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZVGNX or FUMIX?

ZVGNX has higher volatility (10.02%) compared to FUMIX (7.72%). In terms of maximum drawdown, ZVGNX dropped -68.81% vs FUMIX's -33.36%.

Which has better risk-adjusted returns?

FUMIX currently has the higher Sharpe Ratio (2.22 vs 0.30), 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.