FSPGX vs. IBIT
FSPGX (Fidelity Large Cap Growth Index Fund) and IBIT (iShares Bitcoin Trust ETF) are both funds - FSPGX is a Large Cap Growth Equities fund managed by Fidelity, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, FSPGX returned 19.06% vs -40.63% for IBIT. At a 0.39 correlation, their price movements are largely independent. FSPGX charges 0.04%/yr vs 0.25%/yr for IBIT.
Performance
FSPGX vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FSPGX achieves a 2.98% return, which is significantly higher than IBIT's -27.41% return.
FSPGX
- 1D
- 1.64%
- 1M
- -2.14%
- YTD
- 2.98%
- 6M
- 3.48%
- 1Y
- 19.06%
- 3Y*
- 22.79%
- 5Y*
- 14.07%
- 10Y*
- —
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSPGX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSPGX Fidelity Large Cap Growth Index Fund | 2.98% | 18.54% | 32.55% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between FSPGX and IBIT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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Return for Risk
FSPGX vs. IBIT — Risk / Return Rank
FSPGX
IBIT
FSPGX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.85 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.78 | +2.00 |
| Martin ratioReturn relative to average drawdown | 4.03 | -1.37 | +5.40 |
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Drawdowns
FSPGX vs. IBIT - Drawdown Comparison
The maximum FSPGX drawdown since its inception was -32.66%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for FSPGX and IBIT.
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Drawdown Indicators
| FSPGX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.66% | -52.11% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -52.11% | +35.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.66% | — | — |
Current DrawdownCurrent decline from peak | -5.53% | -49.45% | +43.92% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -16.53% | +10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 29.64% | -24.77% |
Volatility
FSPGX vs. IBIT - Volatility Comparison
The current volatility for Fidelity Large Cap Growth Index Fund (FSPGX) is 5.49%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that FSPGX experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPGX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 12.07% | -6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 34.45% | -22.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 44.10% | -28.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 50.26% | -28.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 50.26% | -28.70% |
FSPGX vs. IBIT - Expense Ratio Comparison
FSPGX has a 0.04% expense ratio, which is lower than IBIT's 0.25% 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%.
Dividends
FSPGX vs. IBIT - Dividend Comparison
FSPGX's dividend yield for the trailing twelve months is around 0.33%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSPGX and IBIT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to FSPGX (5.49%). In terms of maximum drawdown, FSPGX dropped -32.66% vs IBIT's -52.11%.
FSPGX currently has the higher Sharpe Ratio (1.23 vs -0.92), 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.
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