FGETX vs. FSPGX

Last updated Jun 24, 2026

FGETX (Fidelity Advisor Global Capital Appreciation Fund Class M) and FSPGX (Fidelity Large Cap Growth Index Fund) are both mutual funds - FGETX is a Global Equities fund managed by Fidelity, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FGETX returned 14.63%/yr vs 13.59%/yr for FSPGX. Their correlation of 0.91 suggests significant overlap in exposure. FGETX charges 1.41%/yr vs 0.04%/yr for FSPGX.

Performance

FGETX vs. FSPGX - Performance Comparison

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

Returns By Period

In the year-to-date period, FGETX achieves a 15.91% return, which is significantly higher than FSPGX's 3.18% return.

FGETX

• 1D: 0.46%
• 1M: 5.84%
• YTD: 15.91%
• 6M: 15.43%
• 1Y: 33.63%
• 3Y*: 27.56%
• 5Y*: 14.63%
• 10Y*: 14.02%

FSPGX

• 1D: -1.26%
• 1M: -2.49%
• YTD: 3.18%
• 6M: 1.86%
• 1Y: 19.95%
• 3Y*: 22.60%
• 5Y*: 13.59%
• 10Y*: —

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

FGETX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGETX Fidelity Advisor Global Capital Appreciation Fund Class M	15.91%	17.50%	38.90%	28.15%	-24.87%	18.56%	24.04%	22.43%	-18.44%	30.02%
FSPGX Fidelity Large Cap Growth Index Fund	3.18%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	27.70%

Correlation

The correlation between FGETX and FSPGX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.91

The correlation between FGETX and FSPGX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

FGETX vs. FSPGX — Risk / Return Rank

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

FGETX

FGETX Risk / Return Rank: 50
FGETX Sharpe Ratio Rank: 51
FGETX Sortino Ratio Rank: 43
FGETX Omega Ratio Rank: 49
FGETX Calmar Ratio Rank: 53
FGETX Martin Ratio Rank: 56

FSPGX

FSPGX Risk / Return Rank: 21
FSPGX Sharpe Ratio Rank: 25
FSPGX Sortino Ratio Rank: 22
FSPGX Omega Ratio Rank: 23
FSPGX Calmar Ratio Rank: 16
FSPGX Martin Ratio Rank: 18

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.

FGETX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class M (FGETX) 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.

	FGETX	FSPGX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.32	+0.62
Sortino ratio: Return per unit of downside risk	2.57	1.83	+0.73
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	2.66	1.32	+1.34
Martin ratio: Return relative to average drawdown	10.62	4.33	+6.29

FGETX vs. FSPGX - Sharpe Ratio Comparison

The current FGETX Sharpe Ratio is 1.94, which is higher than the FSPGX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of FGETX and FSPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGETX vs. FSPGX - Drawdown Comparison

The maximum FGETX drawdown since its inception was -61.87%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FGETX and FSPGX.

Drawdown Indicators

	FGETX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.87%	-32.66%	-29.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-16.17%	+3.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-23.32%	+3.85%
Max Drawdown (5Y) Largest decline over 5 years	-33.08%	-32.66%	-0.42%
Max Drawdown (10Y) Largest decline over 10 years	-33.49%	—	—
Current Drawdown Current decline from peak	0.00%	-5.35%	+5.35%
Average Drawdown Average peak-to-trough decline	-13.55%	-6.36%	-7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	4.92%	-1.65%

Volatility

FGETX vs. FSPGX - Volatility Comparison

Fidelity Advisor Global Capital Appreciation Fund Class M (FGETX) has a higher volatility of 7.68% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 5.94%. This indicates that FGETX's price experiences larger fluctuations and is considered to be riskier than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGETX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	5.94%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	12.61%	+2.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	16.21%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	21.61%	-2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	21.56%	-2.84%

FGETX vs. FSPGX - Expense Ratio Comparison

FGETX has a 1.41% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

FGETX vs. FSPGX - Dividend Comparison

FGETX's dividend yield for the trailing twelve months is around 9.12%, more than FSPGX's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGETX Fidelity Advisor Global Capital Appreciation Fund Class M	9.12%	10.57%	15.99%	6.61%	0.00%	8.54%	0.00%	0.20%	11.00%	14.29%	1.07%	0.59%
FSPGX Fidelity Large Cap Growth Index Fund	0.33%	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

Can I hold both FGETX and FSPGX in my portfolio?

FGETX and FSPGX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGETX or FSPGX?

FGETX has higher volatility (7.68%) compared to FSPGX (5.94%). In terms of maximum drawdown, FGETX dropped -61.87% vs FSPGX's -32.66%.

Which has better risk-adjusted returns?

FGETX currently has the higher Sharpe Ratio (1.94 vs 1.32), 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.