FFRCX vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class C (FFRCX) and Fidelity Large Cap Growth Index Fund (FSPGX).

FFRCX is managed by Fidelity. It was launched on Aug 16, 2000. FSPGX is managed by Fidelity.

Performance

FFRCX vs. FSPGX - Performance Comparison

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

FFRCX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFRCX Fidelity Advisor Floating Rate High Income Fund Class C	-0.78%	4.38%	6.18%	10.70%	-2.34%	4.08%	0.61%	7.49%	-0.95%	2.74%
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

In the year-to-date period, FFRCX achieves a -0.78% return, which is significantly higher than FSPGX's -13.03% return.

FFRCX

• 1D: -0.11%
• 1M: 0.00%
• YTD: -0.78%
• 6M: 0.22%
• 1Y: 3.55%
• 3Y*: 5.79%
• 5Y*: 4.05%
• 10Y*: 3.88%

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)

FFRCX vs. FSPGX - Expense Ratio Comparison

FFRCX has a 1.73% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

FFRCX

Fidelity Advisor Floating Rate High Income Fund Class C

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

FFRCX vs. FSPGX — Risk / Return Rank

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

FFRCX

FFRCX Risk / Return Rank: 69
FFRCX Sharpe Ratio Rank: 69
FFRCX Sortino Ratio Rank: 65
FFRCX Omega Ratio Rank: 89
FFRCX Calmar Ratio Rank: 55
FFRCX Martin Ratio Rank: 65

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.

FFRCX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class C (FFRCX) 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.

	FFRCX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	1.23	0.66	+0.57
Sortino ratio Return per unit of downside risk	1.67	1.10	+0.57
Omega ratio Gain probability vs. loss probability	1.39	1.15	+0.24
Calmar ratio Return relative to maximum drawdown	1.33	0.72	+0.61
Martin ratio Return relative to average drawdown	6.17	2.51	+3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFRCX vs. FSPGX - Sharpe Ratio Comparison

The current FFRCX Sharpe Ratio is 1.23, which is higher than the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FFRCX 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

	FFRCX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	0.66	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.52	0.56	+0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.78	+0.19

Correlation

The correlation between FFRCX and FSPGX is 0.27, 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.

Dividends

FFRCX vs. FSPGX - Dividend Comparison

FFRCX's dividend yield for the trailing twelve months is around 5.79%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFRCX Fidelity Advisor Floating Rate High Income Fund Class C	5.79%	6.37%	6.09%	6.56%	2.98%	1.86%	2.83%	4.11%	3.64%	3.02%	3.35%	2.70%
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

FFRCX vs. FSPGX - Drawdown Comparison

The maximum FFRCX drawdown since its inception was -22.31%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FFRCX and FSPGX.

Drawdown Indicators

	FFRCX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-22.31%	-32.66%	+10.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	-16.17%	+13.44%
Max Drawdown (5Y) Largest decline over 5 years	-6.30%	-32.66%	+26.36%
Max Drawdown (10Y) Largest decline over 10 years	-22.31%	—	—
Current Drawdown Current decline from peak	-1.00%	-16.17%	+15.17%
Average Drawdown Average peak-to-trough decline	-1.13%	-6.43%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	4.63%	-4.02%

Volatility

FFRCX vs. FSPGX - Volatility Comparison

The current volatility for Fidelity Advisor Floating Rate High Income Fund Class C (FFRCX) is 0.72%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.33%. This indicates that FFRCX 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

	FFRCX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	5.33%	-4.61%
Volatility (6M) Calculated over the trailing 6-month period	1.51%	11.79%	-10.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	22.32%	-19.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	21.46%	-18.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	21.63%	-17.62%