Correlation
The correlation between EYEG and FSPGX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
EYEG vs. FSPGX
Compare and contrast key facts about AB Corporate Bond ETF (EYEG) and Fidelity Large Cap Growth Index Fund (FSPGX).
EYEG is an actively managed fund by AB Funds. It was launched on Dec 12, 2023. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EYEG or FSPGX.
Performance
EYEG vs. FSPGX - Performance Comparison
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Key characteristics
EYEG:
1.06
FSPGX:
0.64
EYEG:
1.27
FSPGX:
1.05
EYEG:
1.15
FSPGX:
1.15
EYEG:
1.17
FSPGX:
0.70
EYEG:
2.67
FSPGX:
2.30
EYEG:
2.05%
FSPGX:
7.05%
EYEG:
6.20%
FSPGX:
25.53%
EYEG:
-4.66%
FSPGX:
-32.66%
EYEG:
-1.67%
FSPGX:
-4.26%
Returns By Period
In the year-to-date period, EYEG achieves a 1.85% return, which is significantly higher than FSPGX's -0.23% return.
EYEG
1.85%
-0.31%
0.43%
6.53%
N/A
N/A
N/A
FSPGX
-0.23%
9.01%
1.46%
16.25%
19.63%
17.66%
N/A
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EYEG vs. FSPGX - Expense Ratio Comparison
EYEG has a 0.30% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
EYEG vs. FSPGX — Risk-Adjusted Performance Rank
EYEG
FSPGX
EYEG vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Corporate Bond ETF (EYEG) 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.
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Dividends
EYEG vs. FSPGX - Dividend Comparison
EYEG's dividend yield for the trailing twelve months is around 6.01%, more than FSPGX's 0.37% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|---|
EYEG AB Corporate Bond ETF | 6.01% | 6.08% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.37% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.30% |
Drawdowns
EYEG vs. FSPGX - Drawdown Comparison
The maximum EYEG drawdown since its inception was -4.66%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for EYEG and FSPGX.
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Volatility
EYEG vs. FSPGX - Volatility Comparison
The current volatility for AB Corporate Bond ETF (EYEG) is 1.70%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.86%. This indicates that EYEG 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.
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