FSPGX vs. BSJS

Last updated Jun 13, 2026

FSPGX (Fidelity Large Cap Growth Index Fund) and BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) are both funds - FSPGX is a Large Cap Growth Equities fund managed by Fidelity, while BSJS is a High Yield Bonds fund tracking the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. Over the past 5 years, FSPGX returned 14.07%/yr vs 3.25%/yr for BSJS. A 0.59 correlation means they provide meaningful diversification when combined. FSPGX charges 0.04%/yr vs 0.42%/yr for BSJS.

Performance

FSPGX vs. BSJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Large Cap Growth Index Fund (FSPGX) and Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSPGX achieves a 2.98% return, which is significantly higher than BSJS's 1.84% return.

FSPGX

• 1D: 1.64%
• 1M: -2.22%
• YTD: 2.98%
• 6M: 3.48%
• 1Y: 20.59%
• 3Y*: 22.79%
• 5Y*: 14.07%
• 10Y*: —

BSJS

• 1D: -0.07%
• 1M: 0.73%
• YTD: 1.84%
• 6M: 2.34%
• 1Y: 6.36%
• 3Y*: 8.40%
• 5Y*: 3.25%
• 10Y*: —

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

FSPGX vs. BSJS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FSPGX Fidelity Large Cap Growth Index Fund	2.98%	18.54%	33.27%	42.77%	-29.17%	27.57%	11.34%
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF	1.84%	8.31%	7.38%	12.28%	-13.69%	3.40%	3.92%

Correlation

The correlation between FSPGX and BSJS is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020	0.59

The correlation between FSPGX and BSJS shifts across timeframes, from 0.50 (3 years) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSPGX vs. BSJS — Risk / Return Rank

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

FSPGX

FSPGX Risk / Return Rank: 25
FSPGX Sharpe Ratio Rank: 29
FSPGX Sortino Ratio Rank: 27
FSPGX Omega Ratio Rank: 28
FSPGX Calmar Ratio Rank: 19
FSPGX Martin Ratio Rank: 20

BSJS

BSJS Risk / Return Rank: 84
BSJS Sharpe Ratio Rank: 78
BSJS Sortino Ratio Rank: 86
BSJS Omega Ratio Rank: 83
BSJS Calmar Ratio Rank: 81
BSJS Martin Ratio Rank: 90

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.

FSPGX vs. BSJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS). 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.

	FSPGX	BSJS	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.18	-0.95
Sortino ratio: Return per unit of downside risk	1.71	3.39	-1.68
Omega ratio: Gain probability vs. loss probability	1.22	1.43	-0.21
Calmar ratio: Return relative to maximum drawdown	1.22	3.79	-2.58
Martin ratio: Return relative to average drawdown	4.03	18.43	-14.40

FSPGX vs. BSJS - Sharpe Ratio Comparison

The current FSPGX Sharpe Ratio is 1.23, which is lower than the BSJS Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FSPGX and BSJS, 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

FSPGX vs. BSJS - Drawdown Comparison

The maximum FSPGX drawdown since its inception was -32.66%, which is greater than BSJS's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for FSPGX and BSJS.

Drawdown Indicators

	FSPGX	BSJS	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-17.73%	-14.93%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-1.64%	-14.53%
Max Drawdown (3Y) Largest decline over 3 years	-23.32%	-4.44%	-18.88%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-17.73%	-14.93%
Current Drawdown Current decline from peak	-5.53%	-0.07%	-5.46%
Average Drawdown Average peak-to-trough decline	-6.36%	-3.97%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	0.34%	+4.53%

Volatility

FSPGX vs. BSJS - Volatility Comparison

Fidelity Large Cap Growth Index Fund (FSPGX) has a higher volatility of 5.49% compared to Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) at 0.76%. This indicates that FSPGX's price experiences larger fluctuations and is considered to be riskier than BSJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSPGX	BSJS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	0.76%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	2.06%	+10.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	2.86%	+13.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.57%	7.39%	+14.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	7.13%	+14.43%

FSPGX vs. BSJS - Expense Ratio Comparison

FSPGX has a 0.04% expense ratio, which is lower than BSJS's 0.42% expense ratio.

Dividends

FSPGX vs. BSJS - Dividend Comparison

FSPGX's dividend yield for the trailing twelve months is around 0.33%, less than BSJS's 6.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF	6.26%	6.49%	7.04%	6.75%	5.82%	4.86%	0.75%	0.00%	0.00%	0.00%
FSPGX Fidelity Large Cap Growth Index Fund	0.33%	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 FSPGX and BSJS in my portfolio?

FSPGX and BSJS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSPGX or BSJS?

FSPGX has higher volatility (5.49%) compared to BSJS (0.76%). In terms of maximum drawdown, FSPGX dropped -32.66% vs BSJS's -17.73%.

Which has better risk-adjusted returns?

BSJS currently has the higher Sharpe Ratio (2.18 vs 1.23), 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.