EQAL vs. FSPGX
Compare and contrast key facts about Invesco Russell 1000 Equal Weight ETF (EQAL) and Fidelity Large Cap Growth Index Fund (FSPGX).
EQAL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 Equal Weight Index. It was launched on Dec 23, 2014. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQAL or FSPGX.
Performance
EQAL vs. FSPGX - Performance Comparison
Returns By Period
In the year-to-date period, EQAL achieves a 13.87% return, which is significantly lower than FSPGX's 28.51% return.
EQAL
13.87%
0.01%
8.36%
24.88%
10.57%
N/A
FSPGX
28.51%
1.23%
13.40%
35.67%
19.06%
N/A
Key characteristics
| EQAL | FSPGX | |
|---|---|---|
| Sharpe Ratio | 1.90 | 2.14 |
| Sortino Ratio | 2.66 | 2.80 |
| Omega Ratio | 1.33 | 1.39 |
| Calmar Ratio | 1.84 | 2.74 |
| Martin Ratio | 11.27 | 10.76 |
| Ulcer Index | 2.18% | 3.35% |
| Daily Std Dev | 12.89% | 16.80% |
| Max Drawdown | -40.44% | -32.66% |
| Current Drawdown | -2.64% | -2.79% |
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EQAL vs. FSPGX - Expense Ratio Comparison
EQAL has a 0.20% expense ratio, which is higher than FSPGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between EQAL and FSPGX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EQAL vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) 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
EQAL vs. FSPGX - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 1.58%, more than FSPGX's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 1.58% | 1.88% | 1.95% | 1.32% | 1.63% | 1.62% | 1.63% | 1.18% | 1.57% | 1.64% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.43% | 0.73% | 0.86% | 0.54% | 0.74% | 0.99% | 1.14% | 0.99% | 0.30% | 0.00% |
Drawdowns
EQAL vs. FSPGX - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for EQAL and FSPGX. For additional features, visit the drawdowns tool.
Volatility
EQAL vs. FSPGX - Volatility Comparison
The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 3.76%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.50%. This indicates that EQAL 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.