FGIPX vs. FALGX
FGIPX (Nomura Growth and Income Fund Institutional Class) and FALGX (Fidelity Advisor Large Cap Fund Class M) are both Large Cap Value Equities funds. Over the past 10 years, FGIPX returned 13.59%/yr vs 13.17%/yr for FALGX. Their correlation of 0.89 suggests significant overlap in exposure. FGIPX charges 0.77%/yr vs 1.05%/yr for FALGX.
Performance
FGIPX vs. FALGX - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with FGIPX having a 13.59% annualized return and FALGX not far behind at 13.17%.
FGIPX
- 1D
- 0.40%
- 1M
- 3.21%
- YTD
- 18.94%
- 6M
- 17.96%
- 1Y
- 43.07%
- 3Y*
- 26.61%
- 5Y*
- 17.35%
- 10Y*
- 13.59%
FALGX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 10.22%
- 3Y*
- 15.55%
- 5Y*
- 11.39%
- 10Y*
- 13.17%
FGIPX vs. FALGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGIPX Nomura Growth and Income Fund Institutional Class | 18.94% | 30.18% | 15.44% | 12.17% | 3.28% | 21.73% | -4.59% | 25.96% | -9.95% | 18.52% |
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% | 16.83% |
Correlation
The correlation between FGIPX and FALGX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2013 | 0.89 |
Over the past year, the correlation between FGIPX and FALGX has dropped to 0.39 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
FGIPX vs. FALGX — Risk / Return Rank
FGIPX
FALGX
FGIPX vs. FALGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Growth and Income Fund Institutional Class (FGIPX) and Fidelity Advisor Large Cap Fund Class M (FALGX). 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.
| FGIPX | FALGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.46 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.12 | 2.54 | +3.58 |
| Martin ratioReturn relative to average drawdown | 23.24 | 4.12 | +19.13 |
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Drawdowns
FGIPX vs. FALGX - Drawdown Comparison
The maximum FGIPX drawdown since its inception was -37.32%, smaller than the maximum FALGX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for FGIPX and FALGX.
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Drawdown Indicators
| FGIPX | FALGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -64.07% | +26.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -5.06% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -21.78% | +8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -21.78% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | -37.58% | +0.26% |
Current DrawdownCurrent decline from peak | -0.94% | -4.20% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -14.41% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.92% | -1.02% |
Volatility
FGIPX vs. FALGX - Volatility Comparison
Nomura Growth and Income Fund Institutional Class (FGIPX) has a higher volatility of 4.09% compared to Fidelity Advisor Large Cap Fund Class M (FALGX) at 0.00%. This indicates that FGIPX's price experiences larger fluctuations and is considered to be riskier than FALGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGIPX | FALGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 0.00% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 3.52% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 7.81% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 16.62% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 18.66% | -1.52% |
FGIPX vs. FALGX - Expense Ratio Comparison
FGIPX has a 0.77% expense ratio, which is lower than FALGX's 1.05% expense ratio.
Dividends
FGIPX vs. FALGX - Dividend Comparison
FGIPX's dividend yield for the trailing twelve months is around 9.56%, more than FALGX's 5.76% yield.
| Position | 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% |
FGIPX Nomura Growth and Income Fund Institutional Class | 9.56% | 11.68% | 12.69% | 7.50% | 7.35% | 12.20% | 2.13% | 52.72% | 25.63% | 5.58% | 4.22% | 5.88% |
Frequently Asked Questions
FGIPX and FALGX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGIPX has higher volatility (4.09%) compared to FALGX (0.00%). In terms of maximum drawdown, FGIPX dropped -37.32% vs FALGX's -64.07%.
FGIPX currently has the higher Sharpe Ratio (3.76 vs 1.64), 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.
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