FSPGX vs. FNILX
Compare and contrast key facts about Fidelity Large Cap Growth Index Fund (FSPGX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FSPGX is managed by Fidelity. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPGX or FNILX.
Key characteristics
| FSPGX | FNILX | |
|---|---|---|
| YTD Return | 8.41% | 7.42% |
| 1Y Return | 34.99% | 26.26% |
| 3Y Return (Ann) | 8.78% | 7.96% |
| 5Y Return (Ann) | 16.77% | 13.60% |
| Sharpe Ratio | 2.49 | 2.42 |
| Daily Std Dev | 15.12% | 11.90% |
| Max Drawdown | -32.66% | -33.75% |
| Current Drawdown | -3.27% | -2.79% |
Correlation
The correlation between FSPGX and FNILX 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
FSPGX vs. FNILX - Performance Comparison
In the year-to-date period, FSPGX achieves a 8.41% return, which is significantly higher than FNILX's 7.42% 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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FSPGX vs. FNILX - Expense Ratio Comparison
FSPGX has a 0.04% expense ratio, which is higher than FNILX's 0.00% expense ratio. However, 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
FSPGX vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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
FSPGX vs. FNILX - Dividend Comparison
FSPGX's dividend yield for the trailing twelve months is around 0.68%, less than FNILX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FSPGX Fidelity Large Cap Growth Index Fund | 0.68% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.29% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.25% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% |
Drawdowns
FSPGX vs. FNILX - Drawdown Comparison
The maximum FSPGX drawdown since its inception was -32.66%, roughly equal to the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FSPGX and FNILX. For additional features, visit the drawdowns tool.
Volatility
FSPGX vs. FNILX - Volatility Comparison
Fidelity Large Cap Growth Index Fund (FSPGX) has a higher volatility of 4.99% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.71%. This indicates that FSPGX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.