FGJEX vs. FSPGX

Last updated Jun 4, 2026

FGJEX (Fidelity Advisor Growth & Income Fund Class Z) and FSPGX (Fidelity Large Cap Growth Index Fund) are both mutual funds - FGJEX is a Large Cap Blend Equities fund actively managed by Fidelity, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past year, FGJEX returned 23.50% vs 27.43% for FSPGX. A 0.76 correlation means they provide meaningful diversification when combined. FGJEX charges 0.46%/yr vs 0.04%/yr for FSPGX.

Performance

FGJEX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth & Income Fund Class Z (FGJEX) 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, FGJEX achieves a 7.66% return, which is significantly lower than FSPGX's 8.60% return.

FGJEX

• 1D: -0.01%
• 1M: 2.59%
• YTD: 7.66%
• 6M: 9.23%
• 1Y: 23.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSPGX

• 1D: -0.38%
• 1M: 7.10%
• YTD: 8.60%
• 6M: 7.98%
• 1Y: 27.43%
• 3Y*: 25.53%
• 5Y*: 16.03%
• 10Y*: —

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

FGJEX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025
FGJEX Fidelity Advisor Growth & Income Fund Class Z	7.66%	24.15%
FSPGX Fidelity Large Cap Growth Index Fund	8.60%	30.31%

Correlation

The correlation between FGJEX and FSPGX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.76

The correlation between FGJEX and FSPGX has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

Return for Risk

FGJEX vs. FSPGX — Risk / Return Rank

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

FGJEX

FGJEX Risk / Return Rank: 59
FGJEX Sharpe Ratio Rank: 60
FGJEX Sortino Ratio Rank: 57
FGJEX Omega Ratio Rank: 57
FGJEX Calmar Ratio Rank: 58
FGJEX Martin Ratio Rank: 61

FSPGX

FSPGX Risk / Return Rank: 32
FSPGX Sharpe Ratio Rank: 41
FSPGX Sortino Ratio Rank: 36
FSPGX Omega Ratio Rank: 37
FSPGX Calmar Ratio Rank: 22
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.

FGJEX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth & Income Fund Class Z (FGJEX) 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.

	FGJEX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	2.28	1.85	+0.43
Sortino ratio Return per unit of downside risk	3.19	2.50	+0.68
Omega ratio Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio Return relative to maximum drawdown	2.91	1.76	+1.15
Martin ratio Return relative to average drawdown	12.20	5.90	+6.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGJEX vs. FSPGX - Sharpe Ratio Comparison

The current FGJEX Sharpe Ratio is 2.28, which is comparable to the FSPGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FGJEX 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.

Sharpe Ratios by Period

	FGJEX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.85	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.90	+1.92

Drawdowns

FGJEX vs. FSPGX - Drawdown Comparison

The maximum FGJEX drawdown since its inception was -8.32%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FGJEX and FSPGX.

Drawdown Indicators

	FGJEX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-32.66%	+24.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-16.17%	+7.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.66%	—
Current Drawdown Current decline from peak	-0.01%	-0.38%	+0.37%
Average Drawdown Average peak-to-trough decline	-1.06%	-6.37%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	4.81%	-2.83%

Volatility

FGJEX vs. FSPGX - Volatility Comparison

The current volatility for Fidelity Advisor Growth & Income Fund Class Z (FGJEX) is 2.38%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 3.32%. This indicates that FGJEX 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

	FGJEX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	3.32%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	11.58%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	15.39%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	21.49%	-10.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.84%	21.55%	-10.71%

FGJEX vs. FSPGX - Expense Ratio Comparison

FGJEX has a 0.46% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

FGJEX vs. FSPGX - Dividend Comparison

FGJEX's dividend yield for the trailing twelve months is around 9.18%, more than FSPGX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGJEX Fidelity Advisor Growth & Income Fund Class Z	9.18%	9.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSPGX Fidelity Large Cap Growth Index Fund	0.32%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%

Frequently Asked Questions

Can I hold both FGJEX and FSPGX in my portfolio?

FGJEX and FSPGX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGJEX or FSPGX?

FSPGX has higher volatility (3.32%) compared to FGJEX (2.38%). In terms of maximum drawdown, FGJEX dropped -8.32% vs FSPGX's -32.66%.

Which has better risk-adjusted returns?

FGJEX currently has the higher Sharpe Ratio (2.28 vs 1.85), 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.