FLFAX vs. FSPGX

Last updated Jun 4, 2026

FLFAX (Fidelity Advisor Latin America Fund Class A) and FSPGX (Fidelity Large Cap Growth Index Fund) are both mutual funds - FLFAX is a Latin America Equities fund managed by Fidelity, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. At a 0.38 correlation, their price movements are largely independent. FLFAX charges 1.33%/yr vs 0.04%/yr for FSPGX.

Performance

FLFAX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Latin America Fund Class A (FLFAX) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLFAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSPGX

• 1D: -0.38%
• 1M: 7.10%
• YTD: 8.60%
• 6M: 7.98%
• 1Y: 27.43%
• 3Y*: 25.53%
• 5Y*: 16.03%
• 10Y*: —

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

FLFAX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	40.23%	-10.73%	27.29%
FSPGX Fidelity Large Cap Growth Index Fund	8.60%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	27.70%

Correlation

The correlation between FLFAX and FSPGX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.38

The correlation between FLFAX and FSPGX shifts across timeframes, from 0.24 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLFAX vs. FSPGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSPGX

FSPGX Risk / Return Rank: 32
FSPGX Sharpe Ratio Rank: 41
FSPGX Sortino Ratio Rank: 36
FSPGX Omega Ratio Rank: 37
FSPGX Calmar Ratio Rank: 22
FSPGX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLFAX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Latin America Fund Class A (FLFAX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FLFAX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.90	—

Drawdowns

Drawdown Indicators

	FLFAX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-32.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.66%	—
Current Drawdown Current decline from peak	—	-0.38%	—
Average Drawdown Average peak-to-trough decline	—	-6.37%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.81%	—

Volatility

Volatility by Period

	FLFAX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.39%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.55%	—

FLFAX vs. FSPGX - Expense Ratio Comparison

FLFAX has a 1.33% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

FLFAX vs. FSPGX - Dividend Comparison

FLFAX has not paid dividends to shareholders, while FSPGX's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%
FSPGX Fidelity Large Cap Growth Index Fund	0.32%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLFAX and FSPGX in my portfolio?

FLFAX and FSPGX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.