BWY.L vs. FSPGX

Last updated Jun 6, 2026

BWY.L (Bellway plc) is a stock, while FSPGX (Fidelity Large Cap Growth Index Fund) is Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, BWY.L returned -8.92%/yr vs 16.70%/yr for FSPGX. At a 0.14 correlation, their price movements are largely independent.

Performance

BWY.L vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Bellway plc (BWY.L) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BWY.L is traded in GBp, while FSPGX is traded in USD. To make them comparable, the FSPGX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BWY.L achieves a -32.99% return, which is significantly lower than FSPGX's 7.79% return.

BWY.L

• 1D: -0.71%
• 1M: -7.83%
• YTD: -32.99%
• 6M: -32.10%
• 1Y: -29.14%
• 3Y*: -4.76%
• 5Y*: -8.92%
• 10Y*: 0.20%

FSPGX

• 1D: 0.19%
• 1M: 4.87%
• YTD: 7.79%
• 6M: 5.52%
• 1Y: 27.83%
• 3Y*: 21.96%
• 5Y*: 16.70%
• 10Y*: —

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

BWY.L vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWY.L Bellway plc	-32.99%	12.99%	-0.89%	42.77%	-38.78%	17.08%	-21.07%	58.64%	-25.83%	50.59%
FSPGX Fidelity Large Cap Growth Index Fund	7.79%	10.09%	35.60%	35.63%	-20.75%	28.77%	34.39%	31.19%	4.03%	15.66%

Correlation

The correlation between BWY.L and FSPGX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.14

Return for Risk

BWY.L vs. FSPGX — Risk / Return Rank

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

BWY.L

BWY.L Risk / Return Rank: 11
BWY.L Sharpe Ratio Rank: 10
BWY.L Sortino Ratio Rank: 12
BWY.L Omega Ratio Rank: 11
BWY.L Calmar Ratio Rank: 15
BWY.L Martin Ratio Rank: 6

FSPGX

FSPGX Risk / Return Rank: 29
FSPGX Sharpe Ratio Rank: 36
FSPGX Sortino Ratio Rank: 33
FSPGX Omega Ratio Rank: 33
FSPGX Calmar Ratio Rank: 21
FSPGX Martin Ratio Rank: 22

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.

BWY.L vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bellway plc (BWY.L) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.

	BWY.L	FSPGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.79	1.79	-2.58
Sortino ratio: Return per unit of downside risk	-0.99	2.38	-3.38
Omega ratio: Gain probability vs. loss probability	0.86	1.32	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.73	1.66	-2.39
Martin ratio: Return relative to average drawdown	-1.47	4.64	-6.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWY.L vs. FSPGX - Sharpe Ratio Comparison

The current BWY.L Sharpe Ratio is -0.79, which is lower than the FSPGX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BWY.L and FSPGX, 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

	BWY.L	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.79	1.79	-2.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.82	-1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.84	-0.69

Drawdowns

BWY.L vs. FSPGX - Drawdown Comparison

The maximum BWY.L drawdown since its inception was -76.06%, which is greater than FSPGX's maximum drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for BWY.L and FSPGX.

Drawdown Indicators

	BWY.L	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-26.36%	-49.70%
Max Drawdown (1Y) Largest decline over 1 year	-39.81%	-16.22%	-23.59%
Max Drawdown (3Y) Largest decline over 3 years	-45.28%	-26.34%	-18.94%
Max Drawdown (5Y) Largest decline over 5 years	-54.56%	-26.36%	-28.20%
Max Drawdown (10Y) Largest decline over 10 years	-60.41%	—	—
Current Drawdown Current decline from peak	-46.47%	-1.24%	-45.23%
Average Drawdown Average peak-to-trough decline	-28.41%	-5.48%	-22.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.75%	5.78%	+13.97%

Volatility

BWY.L vs. FSPGX - Volatility Comparison

Bellway plc (BWY.L) has a higher volatility of 8.75% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 3.56%. This indicates that BWY.L's price experiences larger fluctuations and is considered to be riskier than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWY.L	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	3.56%	+5.19%
Volatility (6M) Calculated over the trailing 6-month period	31.00%	10.70%	+20.30%
Volatility (1Y) Calculated over the trailing 1-year period	36.67%	15.05%	+21.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.64%	20.37%	+11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.26%	21.34%	+12.92%

Dividends

BWY.L vs. FSPGX - Dividend Comparison

BWY.L's dividend yield for the trailing twelve months is around 3.96%, more than FSPGX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWY.L Bellway plc	3.96%	2.55%	2.17%	5.45%	7.34%	3.52%	1.69%	3.95%	5.69%	3.42%	4.36%	2.72%
FSPGX Fidelity Large Cap Growth Index Fund	0.32%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BWY.L and FSPGX in my portfolio?

BWY.L and FSPGX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.