FHOFX vs. IWB
FHOFX (Fidelity Series Large Cap Growth Index Fund) and IWB (iShares Russell 1000 ETF) are both funds - FHOFX is a Large Cap Growth Equities fund managed by Fidelity, while IWB is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 5 years, FHOFX returned 11.67%/yr vs 11.97%/yr for IWB. Their correlation of 0.94 means they have usually moved in the same direction. FHOFX charges 0.00%/yr vs 0.15%/yr for IWB.
Performance
FHOFX vs. IWB - Performance Comparison
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Returns By Period
In the year-to-date period, FHOFX achieves a -0.75% return, which is significantly lower than IWB's 9.84% return.
FHOFX
- 1D
- 2.96%
- 1M
- -3.21%
- 6M
- 0.77%
- YTD
- -0.75%
- 1Y
- 9.00%
- 3Y*
- 18.86%
- 5Y*
- 11.67%
- 10Y*
- —
- ALL TIME*
- 16.04%
IWB
- 1D
- 0.64%
- 1M
- -0.09%
- 6M
- 8.39%
- YTD
- 9.84%
- 1Y
- 20.77%
- 3Y*
- 18.93%
- 5Y*
- 11.97%
- 10Y*
- 14.76%
- ALL TIME*
- 8.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $196.89M | $178.28M | $241.66M |
FHOFX vs. IWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | -0.75% | 18.55% | 33.37% | 42.77% | -29.13% | 27.68% | 38.39% | 36.38% | -15.37% |
IWB iShares Russell 1000 ETF | 9.84% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -13.42% |
Correlation
The correlation between FHOFX and IWB is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.94 |
The correlation between FHOFX and IWB has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FHOFX vs. IWB — Risk / Return Rank
FHOFX
IWB
FHOFX vs. IWB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and iShares Russell 1000 ETF (IWB). 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.
| FHOFX | IWB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.26 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.13 | -1.69 |
| Martin ratioReturn relative to average drawdown | 1.30 | 9.09 | -7.79 |
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Drawdowns
FHOFX vs. IWB - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, smaller than the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for FHOFX and IWB.
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Drawdown Indicators
| FHOFX | IWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.62% | -55.38% | +22.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -8.86% | -7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | -19.09% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -32.62% | -25.20% | -7.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.60% | — |
Current DrawdownCurrent decline from peak | -8.96% | -1.34% | -7.62% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -10.80% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.39% | 2.07% | +3.32% |
Volatility
FHOFX vs. IWB - Volatility Comparison
Fidelity Series Large Cap Growth Index Fund (FHOFX) has a higher volatility of 6.41% compared to iShares Russell 1000 ETF (IWB) at 3.49%. This indicates that FHOFX's price experiences larger fluctuations and is considered to be riskier than IWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHOFX | IWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 3.49% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 10.11% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.50% | 12.89% | +4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.85% | 17.21% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 18.14% | +5.00% |
FHOFX vs. IWB - Expense Ratio Comparison
FHOFX has a 0.00% expense ratio, which is lower than IWB's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FHOFX vs. IWB - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 1.02%, more than IWB's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 1.02% | 0.97% | 0.55% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% |
IWB iShares Russell 1000 ETF | 0.92% | 1.00% | 1.14% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% |
Frequently Asked Questions
With a correlation of 0.92, FHOFX and IWB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FHOFX has higher volatility (6.41%) compared to IWB (3.49%). In terms of maximum drawdown, FHOFX dropped -32.62% vs IWB's -55.38%.
IWB currently has the higher Sharpe Ratio (1.46 vs 0.40), 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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