FSPGX vs. SWLGX
Compare and contrast key facts about Fidelity Large Cap Growth Index Fund (FSPGX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
FSPGX is managed by Fidelity. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPGX or SWLGX.
Key characteristics
| FSPGX | SWLGX | |
|---|---|---|
| YTD Return | 8.41% | 8.42% |
| 1Y Return | 34.99% | 34.92% |
| 3Y Return (Ann) | 8.78% | 8.77% |
| 5Y Return (Ann) | 16.77% | 16.75% |
| Sharpe Ratio | 2.49 | 2.49 |
| Daily Std Dev | 15.12% | 15.13% |
| Max Drawdown | -32.66% | -32.69% |
| Current Drawdown | -3.27% | -3.26% |
Correlation
The correlation between FSPGX and SWLGX is 1.00, 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. SWLGX - Performance Comparison
The year-to-date returns for both investments are quite close, with FSPGX having a 8.41% return and SWLGX slightly higher at 8.42%. 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. SWLGX - Expense Ratio Comparison
Both FSPGX and SWLGX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FSPGX vs. SWLGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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. SWLGX - Dividend Comparison
FSPGX's dividend yield for the trailing twelve months is around 0.68%, more than SWLGX's 0.62% 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% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.62% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% |
Drawdowns
FSPGX vs. SWLGX - Drawdown Comparison
The maximum FSPGX drawdown since its inception was -32.66%, roughly equal to the maximum SWLGX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for FSPGX and SWLGX. For additional features, visit the drawdowns tool.
Volatility
FSPGX vs. SWLGX - Volatility Comparison
Fidelity Large Cap Growth Index Fund (FSPGX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX) have volatilities of 4.99% and 4.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.