CZA vs. FSPGX
Compare and contrast key facts about Invesco Zacks Mid-Cap ETF (CZA) and Fidelity Large Cap Growth Index Fund (FSPGX).
CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CZA or FSPGX.
Performance
CZA vs. FSPGX - Performance Comparison
Returns By Period
In the year-to-date period, CZA achieves a 16.70% return, which is significantly lower than FSPGX's 28.51% return.
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
FSPGX
28.51%
1.88%
13.40%
35.57%
19.13%
N/A
Key characteristics
| CZA | FSPGX | |
|---|---|---|
| Sharpe Ratio | 2.29 | 2.14 |
| Sortino Ratio | 3.20 | 2.80 |
| Omega Ratio | 1.40 | 1.39 |
| Calmar Ratio | 3.15 | 2.74 |
| Martin Ratio | 12.31 | 10.76 |
| Ulcer Index | 2.25% | 3.35% |
| Daily Std Dev | 12.09% | 16.80% |
| Max Drawdown | -53.20% | -32.66% |
| Current Drawdown | -2.68% | -2.79% |
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CZA vs. FSPGX - Expense Ratio Comparison
CZA has a 0.69% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Correlation
The correlation between CZA and FSPGX 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.
Risk-Adjusted Performance
CZA vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) 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.
Dividends
CZA vs. FSPGX - Dividend Comparison
CZA's dividend yield for the trailing twelve months is around 1.17%, more than FSPGX's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 1.17% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.26% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.43% | 0.73% | 0.86% | 0.54% | 1.25% | 1.04% | 1.47% | 1.22% | 0.30% | 0.00% | 0.00% | 0.00% |
Drawdowns
CZA vs. FSPGX - Drawdown Comparison
The maximum CZA drawdown since its inception was -53.20%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for CZA and FSPGX. For additional features, visit the drawdowns tool.
Volatility
CZA vs. FSPGX - Volatility Comparison
The current volatility for Invesco Zacks Mid-Cap ETF (CZA) is 4.12%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.50%. This indicates that CZA experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.