FALGX vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class M (FALGX) and Fidelity Large Cap Growth Index Fund (FSPGX).

FALGX is managed by Fidelity. It was launched on Feb 20, 1996. FSPGX is managed by Fidelity.

Performance

FALGX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Fund Class M (FALGX) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

FALGX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FALGX Fidelity Advisor Large Cap Fund Class M	0.00%	19.09%	18.68%	22.88%	-8.40%	25.20%	8.27%	31.01%	-8.88%	15.61%
FSPGX Fidelity Large Cap Growth Index Fund	-13.03%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	27.70%

Returns By Period

FALGX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -1.20%
• 1Y: 22.17%
• 3Y*: 17.76%
• 5Y*: 12.19%
• 10Y*: 13.44%

FSPGX

• 1D: -0.45%
• 1M: -8.63%
• YTD: -13.03%
• 6M: -12.06%
• 1Y: 14.49%
• 3Y*: 19.68%
• 5Y*: 11.91%
• 10Y*: —

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

FALGX vs. FSPGX - Expense Ratio Comparison

FALGX has a 1.05% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

FALGX

Fidelity Advisor Large Cap Fund Class M

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

FALGX vs. FSPGX — Risk / Return Rank

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

FALGX

FALGX Risk / Return Rank: 68
FALGX Sharpe Ratio Rank: 79
FALGX Sortino Ratio Rank: 81
FALGX Omega Ratio Rank: 92
FALGX Calmar Ratio Rank: 45
FALGX Martin Ratio Rank: 44

FSPGX

FSPGX Risk / Return Rank: 28
FSPGX Sharpe Ratio Rank: 29
FSPGX Sortino Ratio Rank: 33
FSPGX Omega Ratio Rank: 32
FSPGX Calmar Ratio Rank: 25
FSPGX Martin Ratio Rank: 23

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.

FALGX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class M (FALGX) 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.

	FALGX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	1.44	0.66	+0.79
Sortino ratio Return per unit of downside risk	2.06	1.10	+0.96
Omega ratio Gain probability vs. loss probability	1.45	1.15	+0.29
Calmar ratio Return relative to maximum drawdown	1.12	0.72	+0.40
Martin ratio Return relative to average drawdown	4.56	2.51	+2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FALGX vs. FSPGX - Sharpe Ratio Comparison

The current FALGX Sharpe Ratio is 1.44, which is higher than the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FALGX and FSPGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FALGX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	0.66	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.56	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.78	-0.34

Correlation

The correlation between FALGX and FSPGX is 0.77, 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.

Dividends

FALGX vs. FSPGX - Dividend Comparison

FALGX's dividend yield for the trailing twelve months is around 5.76%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FALGX Fidelity Advisor Large Cap Fund Class M	5.76%	5.76%	0.00%	3.20%	1.91%	6.44%	5.25%	8.39%	16.99%	6.42%	1.85%	2.74%
FSPGX Fidelity Large Cap Growth Index Fund	0.40%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Drawdowns

FALGX vs. FSPGX - Drawdown Comparison

The maximum FALGX drawdown since its inception was -64.07%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FALGX and FSPGX.

Drawdown Indicators

	FALGX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-32.66%	-31.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-16.17%	+3.86%
Max Drawdown (5Y) Largest decline over 5 years	-21.78%	-32.66%	+10.88%
Max Drawdown (10Y) Largest decline over 10 years	-37.58%	—	—
Current Drawdown Current decline from peak	-4.20%	-16.17%	+11.97%
Average Drawdown Average peak-to-trough decline	-14.48%	-6.43%	-8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	4.63%	-0.70%

Volatility

FALGX vs. FSPGX - Volatility Comparison

The current volatility for Fidelity Advisor Large Cap Fund Class M (FALGX) is 0.00%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.33%. This indicates that FALGX 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.

Volatility by Period

	FALGX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.33%	-5.33%
Volatility (6M) Calculated over the trailing 6-month period	5.84%	11.79%	-5.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	22.32%	-5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	21.46%	-4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	21.63%	-2.92%