FSPGX vs. MSTY
FSPGX (Fidelity Large Cap Growth Index Fund) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both funds - FSPGX is a Large Cap Growth Equities fund managed by Fidelity, while MSTY is a Derivative Income fund actively managed by YieldMax. Over the past year, FSPGX returned 19.95% vs -66.58% for MSTY. At a 0.45 correlation, their price movements are largely independent. FSPGX charges 0.04%/yr vs 0.99%/yr for MSTY.
Performance
FSPGX vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, FSPGX achieves a 3.18% return, which is significantly higher than MSTY's -27.80% return.
FSPGX
- 1D
- -1.26%
- 1M
- -2.49%
- YTD
- 3.18%
- 6M
- 1.86%
- 1Y
- 19.95%
- 3Y*
- 22.60%
- 5Y*
- 13.59%
- 10Y*
- —
MSTY
- 1D
- -4.55%
- 1M
- -31.74%
- YTD
- -27.80%
- 6M
- -29.80%
- 1Y
- -66.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSPGX vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSPGX Fidelity Large Cap Growth Index Fund | 3.18% | 18.54% | 25.65% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -27.80% | -42.71% | 212.16% |
Correlation
The correlation between FSPGX and MSTY is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.45 |
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Return for Risk
FSPGX vs. MSTY — Risk / Return Rank
FSPGX
MSTY
FSPGX vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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 | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.40 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.79 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.93 | +2.25 |
| Martin ratioReturn relative to average drawdown | 4.33 | -1.35 | +5.67 |
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Drawdowns
FSPGX vs. MSTY - Drawdown Comparison
The maximum FSPGX drawdown since its inception was -32.66%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for FSPGX and MSTY.
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Drawdown Indicators
| FSPGX | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.66% | -71.79% | +39.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -71.79% | +55.62% |
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 | -5.35% | -71.62% | +66.27% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -26.97% | +20.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 49.36% | -44.44% |
Volatility
FSPGX vs. MSTY - Volatility Comparison
The current volatility for Fidelity Large Cap Growth Index Fund (FSPGX) is 5.94%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.32%. This indicates that FSPGX experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPGX | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 19.32% | -13.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 49.66% | -37.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 62.02% | -45.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 71.82% | -50.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 71.82% | -50.26% |
FSPGX vs. MSTY - Expense Ratio Comparison
FSPGX has a 0.04% expense ratio, which is lower than MSTY's 0.99% expense ratio.
Dividends
FSPGX vs. MSTY - Dividend Comparison
FSPGX's dividend yield for the trailing twelve months is around 0.33%, less than MSTY's 286.06% yield.
| 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% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 286.06% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSPGX and MSTY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.32%) compared to FSPGX (5.94%). In terms of maximum drawdown, FSPGX dropped -32.66% vs MSTY's -71.79%.
FSPGX currently has the higher Sharpe Ratio (1.32 vs -1.08), 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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