FNILX vs. FSPGX
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity Large Cap Growth Index Fund (FSPGX).
FNILX is managed by Fidelity. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNILX or FSPGX.
Key characteristics
| FNILX | FSPGX | |
|---|---|---|
| YTD Return | 8.01% | 9.53% |
| 1Y Return | 29.18% | 38.01% |
| 3Y Return (Ann) | 8.52% | 10.13% |
| 5Y Return (Ann) | 13.65% | 17.01% |
| Sharpe Ratio | 2.39 | 2.45 |
| Daily Std Dev | 11.85% | 15.20% |
| Max Drawdown | -33.75% | -32.66% |
| Current Drawdown | -2.26% | -2.27% |
Correlation
The correlation between FNILX and FSPGX is 0.95, 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
FNILX vs. FSPGX - Performance Comparison
In the year-to-date period, FNILX achieves a 8.01% return, which is significantly lower than FSPGX's 9.53% 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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FNILX vs. FSPGX - Expense Ratio Comparison
FNILX has a 0.00% expense ratio, which is lower than FSPGX'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
FNILX vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) 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.
Dividends
FNILX vs. FSPGX - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.24%, more than FSPGX's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.24% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.67% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.29% |
Drawdowns
FNILX vs. FSPGX - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.75%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FNILX and FSPGX. For additional features, visit the drawdowns tool.
Volatility
FNILX vs. FSPGX - Volatility Comparison
The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 4.16%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.54%. This indicates that FNILX 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.