FSPGX vs. YBTC
FSPGX (Fidelity Large Cap Growth Index Fund) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both funds - FSPGX is a Large Cap Growth Equities fund managed by Fidelity, while YBTC is a Cryptocurrency fund actively managed by Roundhill. Over the past year, FSPGX returned 19.95% vs -36.92% for YBTC. At a 0.41 correlation, their price movements are largely independent. FSPGX charges 0.04%/yr vs 0.95%/yr for YBTC.
Performance
FSPGX vs. YBTC - 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 YBTC's -26.15% return.
FSPGX
- 1D
- -1.26%
- 1M
- -2.49%
- YTD
- 3.18%
- 6M
- 1.86%
- 1Y
- 19.95%
- 3Y*
- 22.60%
- 5Y*
- 13.59%
- 10Y*
- —
YBTC
- 1D
- -2.45%
- 1M
- -16.58%
- YTD
- -26.15%
- 6M
- -25.92%
- 1Y
- -36.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSPGX vs. YBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSPGX Fidelity Large Cap Growth Index Fund | 3.18% | 18.54% | 33.00% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -26.15% | -4.23% | 55.31% |
Correlation
The correlation between FSPGX and YBTC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.41 |
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Return for Risk
FSPGX vs. YBTC — Risk / Return Rank
FSPGX
YBTC
FSPGX vs. YBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Growth Index Fund (FSPGX) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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 | YBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.84 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.76 | +2.08 |
| Martin ratioReturn relative to average drawdown | 4.33 | -1.33 | +5.66 |
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Drawdowns
FSPGX vs. YBTC - Drawdown Comparison
The maximum FSPGX drawdown since its inception was -32.66%, smaller than the maximum YBTC drawdown of -48.82%. Use the drawdown chart below to compare losses from any high point for FSPGX and YBTC.
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Drawdown Indicators
| FSPGX | YBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.66% | -48.82% | +16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -48.82% | +32.65% |
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% | -46.07% | +40.72% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -13.58% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 27.69% | -22.77% |
Volatility
FSPGX vs. YBTC - Volatility Comparison
The current volatility for Fidelity Large Cap Growth Index Fund (FSPGX) is 5.94%, while Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a volatility of 12.43%. This indicates that FSPGX experiences smaller price fluctuations and is considered to be less risky than YBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPGX | YBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 12.43% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 32.04% | -19.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 39.80% | -23.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 40.90% | -19.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 40.90% | -19.34% |
FSPGX vs. YBTC - Expense Ratio Comparison
FSPGX has a 0.04% expense ratio, which is lower than YBTC's 0.95% expense ratio.
Dividends
FSPGX vs. YBTC - Dividend Comparison
FSPGX's dividend yield for the trailing twelve months is around 0.33%, less than YBTC's 89.41% 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% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 89.41% | 76.04% | 44.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSPGX and YBTC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YBTC has higher volatility (12.43%) compared to FSPGX (5.94%). In terms of maximum drawdown, FSPGX dropped -32.66% vs YBTC's -48.82%.
FSPGX currently has the higher Sharpe Ratio (1.32 vs -0.93), 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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