FMSFX vs. FSPGX
Compare and contrast key facts about Fidelity Mortgage Securities Fund (FMSFX) and Fidelity Large Cap Growth Index Fund (FSPGX).
FMSFX is managed by Fidelity. It was launched on Dec 31, 1984. FSPGX is managed by Fidelity.
Performance
FMSFX vs. FSPGX - Performance Comparison
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FMSFX vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMSFX Fidelity Mortgage Securities Fund | -0.01% | 8.29% | 1.00% | 4.91% | -12.61% | -1.20% | 4.41% | 6.43% | 0.79% | 2.35% |
FSPGX Fidelity Large Cap Growth Index Fund | -13.03% | 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, FMSFX achieves a -0.01% return, which is significantly higher than FSPGX's -13.03% return.
FMSFX
- 1D
- 0.50%
- 1M
- -2.06%
- YTD
- -0.01%
- 6M
- 1.47%
- 1Y
- 4.96%
- 3Y*
- 3.85%
- 5Y*
- 0.05%
- 10Y*
- 1.27%
FSPGX
- 1D
- -0.45%
- 1M
- -8.63%
- YTD
- -13.03%
- 6M
- -12.06%
- 1Y
- 14.49%
- 3Y*
- 19.68%
- 5Y*
- 11.91%
- 10Y*
- —
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FMSFX vs. FSPGX - Expense Ratio Comparison
FMSFX has a 0.45% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Return for Risk
FMSFX vs. FSPGX — Risk / Return Rank
FMSFX
FSPGX
FMSFX vs. FSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mortgage Securities Fund (FMSFX) 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.
| FMSFX | FSPGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.66 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.10 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.72 | +1.24 |
Martin ratioReturn relative to average drawdown | 5.68 | 2.51 | +3.16 |
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
| FMSFX | FSPGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.66 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.56 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.78 | +0.24 |
Correlation
The correlation between FMSFX 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
FMSFX vs. FSPGX - Dividend Comparison
FMSFX's dividend yield for the trailing twelve months is around 3.62%, more than FSPGX's 0.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSFX Fidelity Mortgage Securities Fund | 3.62% | 3.93% | 4.12% | 3.50% | 1.43% | 0.62% | 2.40% | 2.62% | 2.57% | 2.60% | 2.65% | 2.05% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.40% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 0.00% | 0.00% |
Drawdowns
FMSFX vs. FSPGX - Drawdown Comparison
The maximum FMSFX drawdown since its inception was -18.81%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FMSFX and FSPGX.
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Drawdown Indicators
| FMSFX | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -32.66% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -16.17% | +13.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.66% | -32.66% | +14.00% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -2.06% | -16.17% | +14.11% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -6.43% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 4.63% | -3.56% |
Volatility
FMSFX vs. FSPGX - Volatility Comparison
The current volatility for Fidelity Mortgage Securities Fund (FMSFX) is 1.55%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.33%. This indicates that FMSFX 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
| FMSFX | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 5.33% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 11.79% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 22.32% | -17.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 21.46% | -14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 21.63% | -16.53% |