FSPGX vs. ONEY
Compare and contrast key facts about Fidelity Large Cap Growth Index Fund (FSPGX) and SPDR Russell 1000 Yield Focus ETF (ONEY).
FSPGX is managed by Fidelity. ONEY is a passively managed fund by State Street that tracks the performance of the Russell 1000 Yield Focused Factor (TR). It was launched on Dec 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPGX or ONEY.
Key characteristics
| FSPGX | ONEY | |
|---|---|---|
| YTD Return | 8.41% | 4.42% |
| 1Y Return | 34.99% | 15.63% |
| 3Y Return (Ann) | 8.78% | 7.06% |
| 5Y Return (Ann) | 16.77% | 11.52% |
| Sharpe Ratio | 2.49 | 1.19 |
| Daily Std Dev | 15.12% | 14.48% |
| Max Drawdown | -32.66% | -46.80% |
| Current Drawdown | -3.27% | -3.93% |
Correlation
The correlation between FSPGX and ONEY is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSPGX vs. ONEY - Performance Comparison
In the year-to-date period, FSPGX achieves a 8.41% return, which is significantly higher than ONEY's 4.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSPGX vs. ONEY - Expense Ratio Comparison
FSPGX has a 0.04% expense ratio, which is lower than ONEY's 0.20% 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
FSPGX vs. ONEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and SPDR Russell 1000 Yield Focus ETF (ONEY). 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. ONEY - Dividend Comparison
FSPGX's dividend yield for the trailing twelve months is around 0.68%, less than ONEY's 3.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ONEY SPDR Russell 1000 Yield Focus ETF | 3.07% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.12% |
Drawdowns
FSPGX vs. ONEY - Drawdown Comparison
The maximum FSPGX drawdown since its inception was -32.66%, smaller than the maximum ONEY drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for FSPGX and ONEY. For additional features, visit the drawdowns tool.
Volatility
FSPGX vs. ONEY - Volatility Comparison
Fidelity Large Cap Growth Index Fund (FSPGX) has a higher volatility of 4.99% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 3.42%. This indicates that FSPGX's price experiences larger fluctuations and is considered to be riskier than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.