FCPGX vs. FSPGX
FCPGX (Fidelity Small Cap Growth Fund) and FSPGX (Fidelity Large Cap Growth Index Fund) are both mutual funds - FCPGX is a Small Cap Growth Equities fund managed by Fidelity, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FCPGX returned 7.92%/yr vs 11.68%/yr for FSPGX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FCPGX charges 0.88%/yr vs 0.04%/yr for FSPGX.
Performance
FCPGX vs. FSPGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCPGX achieves a 20.94% return, which is significantly higher than FSPGX's -0.52% return.
FCPGX
- 1D
- 2.52%
- 1M
- -3.07%
- 6M
- 16.38%
- YTD
- 20.94%
- 1Y
- 36.65%
- 3Y*
- 18.73%
- 5Y*
- 7.92%
- 10Y*
- 14.39%
- ALL TIME*
- 12.16%
FSPGX
- 1D
- 2.95%
- 1M
- -3.22%
- 6M
- 1.01%
- YTD
- -0.52%
- 1Y
- 9.22%
- 3Y*
- 18.94%
- 5Y*
- 11.68%
- 10Y*
- —
- ALL TIME*
- 17.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCPGX vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 20.94% | 11.20% | 20.56% | 19.02% | -25.34% | 10.50% | 36.41% | 36.31% | -4.57% | 28.99% |
FSPGX Fidelity Large Cap Growth Index Fund | -0.52% | 18.54% | 33.27% | 42.77% | -29.17% | 27.57% | 38.46% | 36.38% | -1.79% | 27.70% |
Correlation
The correlation between FCPGX and FSPGX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.80 |
The correlation between FCPGX and FSPGX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCPGX vs. FSPGX — Risk / Return Rank
FCPGX
FSPGX
FCPGX vs. FSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth Fund (FCPGX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCPGX | FSPGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 0.45 | +2.06 |
| Martin ratioReturn relative to average drawdown | 9.38 | 1.34 | +8.04 |
Loading charts...
Drawdowns
FCPGX vs. FSPGX - Drawdown Comparison
The maximum FCPGX drawdown since its inception was -59.11%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FCPGX and FSPGX.
Loading charts...
Drawdown Indicators
| FCPGX | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.11% | -32.66% | -26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -16.17% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -28.69% | -23.32% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -32.66% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -8.74% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -6.36% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 5.38% | -1.87% |
Volatility
FCPGX vs. FSPGX - Volatility Comparison
The current volatility for Fidelity Small Cap Growth Fund (FCPGX) is 6.00%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.40%. This indicates that FCPGX 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.
Loading charts...
Volatility by Period
| FCPGX | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 6.40% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.96% | 14.04% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 17.49% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.72% | 21.81% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 21.58% | +1.36% |
FCPGX vs. FSPGX - Expense Ratio Comparison
FCPGX has a 0.88% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Dividends
FCPGX vs. FSPGX - Dividend Comparison
FCPGX's dividend yield for the trailing twelve months is around 5.28%, more than FSPGX's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 5.28% | 6.38% | 1.37% | 0.00% | 0.00% | 19.27% | 8.19% | 5.31% | 14.35% | 6.88% | 1.53% | 4.32% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.39% | 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
FCPGX and FSPGX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPGX has higher volatility (6.40%) compared to FCPGX (6.00%). In terms of maximum drawdown, FCPGX dropped -59.11% vs FSPGX's -32.66%.
FCPGX currently has the higher Sharpe Ratio (1.45 vs 0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FCPGX and FSPGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer