FIFWX vs. FSPGX

Last updated Aug 1, 2026

FIFWX (Fidelity Advisor Founders Fund Class Z) and FSPGX (Fidelity Large Cap Growth Index Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 5 years, FIFWX returned 11.91%/yr vs 11.68%/yr for FSPGX. Their correlation of 0.92 means they have usually moved in the same direction. FIFWX charges 0.75%/yr vs 0.04%/yr for FSPGX.

Performance

FIFWX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Founders Fund Class Z (FIFWX) 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, FIFWX achieves a 6.31% return, which is significantly higher than FSPGX's -0.52% return.

FIFWX

• 1D: 1.77%
• 1M: -0.65%
• 6M: 5.72%
• YTD: 6.31%
• 1Y: 13.15%
• 3Y*: 20.96%
• 5Y*: 11.91%
• 10Y*: —
• ALL TIME*: 17.61%

FSPGX

• 1D: 2.95%
• 1M: -3.22%
• 6M: 1.01%
• YTD: -0.52%
• 1Y: 9.22%
• 3Y*: 18.94%
• 5Y*: 11.68%
• 10Y*: —
• ALL TIME*: 17.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIFWX Fidelity Advisor Founders Fund Class Z	$0.00	$0.00	$0.00
FSPGX Fidelity Large Cap Growth Index Fund	$0.00	$0.00	$0.00

FIFWX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIFWX Fidelity Advisor Founders Fund Class Z	6.31%	16.53%	36.54%	34.14%	-26.58%	19.13%	47.37%	14.14%
FSPGX Fidelity Large Cap Growth Index Fund	-0.52%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	21.75%

Correlation

The correlation between FIFWX and FSPGX is 0.88, 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.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019	0.92

The correlation between FIFWX and FSPGX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

FIFWX vs. FSPGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIFWX

FIFWX Risk / Return Rank: 19
FIFWX Sharpe Ratio Rank: 18
FIFWX Sortino Ratio Rank: 18
FIFWX Omega Ratio Rank: 18
FIFWX Calmar Ratio Rank: 18
FIFWX Martin Ratio Rank: 24

FSPGX

FSPGX Risk / Return Rank: 11
FSPGX Sharpe Ratio Rank: 12
FSPGX Sortino Ratio Rank: 12
FSPGX Omega Ratio Rank: 11
FSPGX Calmar Ratio Rank: 11
FSPGX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIFWX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Founders Fund Class Z (FIFWX) 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.

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.

	FIFWX	FSPGX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	0.41	+0.33
Sortino ratio: Return per unit of downside risk	1.13	0.69	+0.44
Omega ratio: Gain probability vs. loss probability	1.14	1.08	+0.06
Calmar ratio: Return relative to maximum drawdown	0.97	0.45	+0.52
Martin ratio: Return relative to average drawdown	3.67	1.34	+2.33

FIFWX vs. FSPGX - Sharpe Ratio Comparison

The current FIFWX Sharpe Ratio is 0.74, which is higher than the FSPGX Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of FIFWX 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.

Drawdowns

FIFWX vs. FSPGX - Drawdown Comparison

The maximum FIFWX drawdown since its inception was -32.44%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FIFWX and FSPGX.

Drawdown Indicators

	FIFWX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.44%	-32.66%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-16.17%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-23.32%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-32.44%	-32.66%	+0.22%
Current Drawdown Current decline from peak	-3.34%	-8.74%	+5.40%
Average Drawdown Average peak-to-trough decline	-7.84%	-6.36%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	5.38%	-2.16%

Volatility

FIFWX vs. FSPGX - Volatility Comparison

The current volatility for Fidelity Advisor Founders Fund Class Z (FIFWX) is 4.18%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.40%. This indicates that FIFWX 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

	FIFWX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	6.40%	-2.22%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	14.04%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.93%	17.49%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.30%	21.81%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	21.58%	+0.91%

FIFWX vs. FSPGX - Expense Ratio Comparison

FIFWX has a 0.75% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

FIFWX vs. FSPGX - Dividend Comparison

FIFWX's dividend yield for the trailing twelve months is around 2.41%, more than FSPGX's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIFWX Fidelity Advisor Founders Fund Class Z	2.41%	2.39%	6.29%	0.22%	2.62%	6.36%	0.00%	0.09%	0.00%	0.00%
FSPGX Fidelity Large Cap Growth Index Fund	0.39%	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 FIFWX and FSPGX in my portfolio?

FIFWX and FSPGX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIFWX or FSPGX?

FSPGX has higher volatility (6.40%) compared to FIFWX (4.18%). In terms of maximum drawdown, FIFWX dropped -32.44% vs FSPGX's -32.66%.

Which has better risk-adjusted returns?

FIFWX currently has the higher Sharpe Ratio (0.74 vs 0.41), 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.