FHOFX vs. SPYG
Compare and contrast key facts about Fidelity Series Large Cap Growth Index Fund (FHOFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FHOFX is managed by Fidelity. It was launched on Aug 17, 2018. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHOFX or SPYG.
Correlation
The correlation between FHOFX and SPYG is 0.98, 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.
Performance
FHOFX vs. SPYG - Performance Comparison
Key characteristics
FHOFX:
1.58
SPYG:
1.75
FHOFX:
2.11
SPYG:
2.30
FHOFX:
1.29
SPYG:
1.32
FHOFX:
2.13
SPYG:
2.47
FHOFX:
8.02
SPYG:
9.49
FHOFX:
3.50%
SPYG:
3.32%
FHOFX:
17.81%
SPYG:
18.02%
FHOFX:
-34.13%
SPYG:
-67.79%
FHOFX:
-0.98%
SPYG:
-0.74%
Returns By Period
In the year-to-date period, FHOFX achieves a 3.19% return, which is significantly lower than SPYG's 4.33% return.
FHOFX
3.19%
1.12%
14.20%
29.70%
16.95%
N/A
SPYG
4.33%
0.99%
14.55%
33.05%
16.64%
15.22%
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FHOFX vs. SPYG - Expense Ratio Comparison
FHOFX has a 0.00% expense ratio, which is lower than SPYG's 0.04% 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%.
Risk-Adjusted Performance
FHOFX vs. SPYG — Risk-Adjusted Performance Rank
FHOFX
SPYG
FHOFX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
Dividends
FHOFX vs. SPYG - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 0.53%, less than SPYG's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.53% | 0.55% | 0.83% | 0.99% | 0.64% | 0.83% | 0.87% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.58% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
FHOFX vs. SPYG - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -34.13%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FHOFX and SPYG. For additional features, visit the drawdowns tool.
Volatility
FHOFX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Series Large Cap Growth Index Fund (FHOFX) is 5.03%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.38%. This indicates that FHOFX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.