FFLC vs. SPGP
Compare and contrast key facts about Fidelity Fundamental Large Cap Core ETF (FFLC) and Invesco S&P 500 GARP ETF (SPGP).
FFLC and SPGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLC or SPGP.
Key characteristics
| FFLC | SPGP | |
|---|---|---|
| YTD Return | 17.78% | 7.22% |
| 1Y Return | 38.83% | 26.07% |
| 3Y Return (Ann) | 14.51% | 7.79% |
| Sharpe Ratio | 2.94 | 1.85 |
| Daily Std Dev | 12.89% | 13.42% |
| Max Drawdown | -15.87% | -42.08% |
| Current Drawdown | 0.00% | -1.86% |
Correlation
The correlation between FFLC and SPGP is 0.86, 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.
Performance
FFLC vs. SPGP - Performance Comparison
In the year-to-date period, FFLC achieves a 17.78% return, which is significantly higher than SPGP's 7.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFLC vs. SPGP - Expense Ratio Comparison
FFLC has a 0.38% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
FFLC vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) and Invesco S&P 500 GARP ETF (SPGP). 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
FFLC vs. SPGP - Dividend Comparison
FFLC's dividend yield for the trailing twelve months is around 0.44%, less than SPGP's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | 0.44% | 0.57% | 1.67% | 1.68% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGP Invesco S&P 500 GARP ETF | 1.28% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
FFLC vs. SPGP - Drawdown Comparison
The maximum FFLC drawdown since its inception was -15.87%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for FFLC and SPGP. For additional features, visit the drawdowns tool.
Volatility
FFLC vs. SPGP - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Core ETF (FFLC) is 3.77%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 3.98%. This indicates that FFLC experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.