FMGAX vs. FSPGX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Fidelity Large Cap Growth Index Fund (FSPGX).
FMGAX is managed by Fidelity. It was launched on Mar 3, 1997. FSPGX is managed by Fidelity.
Performance
FMGAX vs. FSPGX - Performance Comparison
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FMGAX vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 0.13% | 7.92% | 0.07% | 4.27% | -12.82% | -1.52% | 4.06% | 6.05% | 0.43% | 1.91% |
FSPGX Fidelity Large Cap Growth Index Fund | -9.77% | 18.54% | 33.27% | 42.77% | -29.17% | 27.57% | 38.46% | 36.38% | -1.79% | 27.70% |
Returns By Period
In the year-to-date period, FMGAX achieves a 0.13% return, which is significantly higher than FSPGX's -9.77% return.
FMGAX
- 1D
- 0.20%
- 1M
- -1.39%
- YTD
- 0.13%
- 6M
- 1.22%
- 1Y
- 4.52%
- 3Y*
- 3.28%
- 5Y*
- -0.41%
- 10Y*
- 0.87%
FSPGX
- 1D
- 3.75%
- 1M
- -5.52%
- YTD
- -9.77%
- 6M
- -9.26%
- 1Y
- 17.78%
- 3Y*
- 21.16%
- 5Y*
- 12.38%
- 10Y*
- —
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FMGAX vs. FSPGX - Expense Ratio Comparison
FMGAX has a 0.79% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Return for Risk
FMGAX vs. FSPGX — Risk / Return Rank
FMGAX
FSPGX
FMGAX vs. FSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) 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.
| FMGAX | FSPGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.84 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.36 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.17 | +0.55 |
Martin ratioReturn relative to average drawdown | 4.88 | 4.02 | +0.86 |
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
| FMGAX | FSPGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.84 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.58 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.80 | -0.03 |
Correlation
The correlation between FMGAX and FSPGX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FMGAX vs. FSPGX - Dividend Comparison
FMGAX's dividend yield for the trailing twelve months is around 3.28%, more than FSPGX's 0.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 3.28% | 3.57% | 3.19% | 2.92% | 1.14% | 0.48% | 2.06% | 2.25% | 2.22% | 2.26% | 2.28% | 1.72% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.38% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 0.00% | 0.00% |
Drawdowns
FMGAX vs. FSPGX - Drawdown Comparison
The maximum FMGAX drawdown since its inception was -19.51%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FMGAX and FSPGX.
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Drawdown Indicators
| FMGAX | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -32.66% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -16.17% | +13.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.18% | -32.66% | +13.48% |
Max Drawdown (10Y)Largest decline over 10 years | -19.51% | — | — |
Current DrawdownCurrent decline from peak | -3.27% | -13.03% | +9.76% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -6.43% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 4.70% | -3.60% |
Volatility
FMGAX vs. FSPGX - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) is 1.54%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.71%. This indicates that FMGAX 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.
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Volatility by Period
| FMGAX | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 6.71% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 12.37% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 22.58% | -17.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 21.52% | -14.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 21.66% | -16.56% |