FHOFX vs. SPMO
Compare and contrast key facts about Fidelity Series Large Cap Growth Index Fund (FHOFX) and Invesco S&P 500 Momentum ETF (SPMO).
FHOFX is managed by Fidelity. It was launched on Aug 17, 2018. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
FHOFX vs. SPMO - Performance Comparison
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FHOFX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | -9.76% | 18.55% | 33.37% | 42.77% | -29.13% | 27.68% | 38.39% | 36.38% | -15.37% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -15.19% |
Returns By Period
In the year-to-date period, FHOFX achieves a -9.76% return, which is significantly lower than SPMO's -3.77% return.
FHOFX
- 1D
- 3.74%
- 1M
- -5.51%
- YTD
- -9.76%
- 6M
- -9.24%
- 1Y
- 17.79%
- 3Y*
- 21.20%
- 5Y*
- 12.44%
- 10Y*
- —
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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FHOFX vs. SPMO - Expense Ratio Comparison
FHOFX has a 0.00% expense ratio, which is lower than SPMO's 0.13% 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%.
Return for Risk
FHOFX vs. SPMO — Risk / Return Rank
FHOFX
SPMO
FHOFX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| FHOFX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.06 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.60 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.96 | -0.78 |
Martin ratioReturn relative to average drawdown | 4.03 | 6.90 | -2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHOFX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.06 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.93 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.86 | -0.20 |
Correlation
The correlation between FHOFX and SPMO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FHOFX vs. SPMO - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 1.08%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 1.08% | 0.97% | 0.55% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FHOFX vs. SPMO - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FHOFX and SPMO.
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Drawdown Indicators
| FHOFX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.62% | -30.95% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -12.70% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.62% | -22.74% | -9.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -12.99% | -7.31% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -4.66% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 3.60% | +1.09% |
Volatility
FHOFX vs. SPMO - Volatility Comparison
The current volatility for Fidelity Series Large Cap Growth Index Fund (FHOFX) is 6.72%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that FHOFX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHOFX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 7.22% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 12.80% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 22.77% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.56% | 19.08% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 20.09% | +3.21% |