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.
Key characteristics
| FHOFX | SPYG | |
|---|---|---|
| YTD Return | 21.50% | 24.28% |
| 1Y Return | 33.72% | 32.45% |
| 3Y Return (Ann) | 9.64% | 7.49% |
| 5Y Return (Ann) | 18.93% | 16.62% |
| Sharpe Ratio | 1.89 | 1.83 |
| Daily Std Dev | 17.16% | 16.82% |
| Max Drawdown | -32.62% | -67.79% |
| Current Drawdown | -4.13% | -4.15% |
Correlation
The correlation between FHOFX and SPYG is 0.99, 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
In the year-to-date period, FHOFX achieves a 21.50% return, which is significantly lower than SPYG's 24.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 0.67%, less than SPYG's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.67% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.76% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
FHOFX vs. SPYG - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, 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
Fidelity Series Large Cap Growth Index Fund (FHOFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 5.76% and 5.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.