FTCVX vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Fidelity Large Cap Growth Index Fund (FSPGX).

FTCVX is managed by Fidelity. It was launched on Feb 19, 2009. FSPGX is managed by Fidelity.

Performance

FTCVX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

FTCVX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTCVX Fidelity Advisor Convertible Securities Fund Class M	1.27%	17.67%	7.70%	12.42%	-15.82%	9.35%	41.70%	27.83%	-1.88%	7.97%
FSPGX Fidelity Large Cap Growth Index Fund	-13.03%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	27.70%

Returns By Period

In the year-to-date period, FTCVX achieves a 1.27% return, which is significantly higher than FSPGX's -13.03% return.

FTCVX

• 1D: -1.69%
• 1M: -5.65%
• YTD: 1.27%
• 6M: 2.27%
• 1Y: 23.90%
• 3Y*: 11.56%
• 5Y*: 5.06%
• 10Y*: 10.70%

FSPGX

• 1D: -0.45%
• 1M: -8.63%
• YTD: -13.03%
• 6M: -12.06%
• 1Y: 14.49%
• 3Y*: 19.68%
• 5Y*: 11.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTCVX vs. FSPGX - Expense Ratio Comparison

FTCVX has a 1.23% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

FTCVX

Fidelity Advisor Convertible Securities Fund Class M

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

FTCVX vs. FSPGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTCVX

FTCVX Risk / Return Rank: 83
FTCVX Sharpe Ratio Rank: 80
FTCVX Sortino Ratio Rank: 80
FTCVX Omega Ratio Rank: 73
FTCVX Calmar Ratio Rank: 92
FTCVX Martin Ratio Rank: 91

FSPGX

FSPGX Risk / Return Rank: 28
FSPGX Sharpe Ratio Rank: 29
FSPGX Sortino Ratio Rank: 33
FSPGX Omega Ratio Rank: 32
FSPGX Calmar Ratio Rank: 25
FSPGX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTCVX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.

	FTCVX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	1.51	0.66	+0.85
Sortino ratio Return per unit of downside risk	2.06	1.10	+0.96
Omega ratio Gain probability vs. loss probability	1.28	1.15	+0.13
Calmar ratio Return relative to maximum drawdown	2.79	0.72	+2.07
Martin ratio Return relative to average drawdown	10.49	2.51	+7.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTCVX vs. FSPGX - Sharpe Ratio Comparison

The current FTCVX Sharpe Ratio is 1.51, which is higher than the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FTCVX and FSPGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTCVX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	0.66	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.56	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.78	+0.13

Correlation

The correlation between FTCVX and FSPGX is 0.83, 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.

Dividends

FTCVX vs. FSPGX - Dividend Comparison

FTCVX's dividend yield for the trailing twelve months is around 10.76%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCVX Fidelity Advisor Convertible Securities Fund Class M	10.76%	10.89%	1.66%	3.03%	3.18%	20.07%	10.32%	2.74%	9.06%	3.78%	4.32%	9.73%
FSPGX Fidelity Large Cap Growth Index Fund	0.40%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Drawdowns

FTCVX vs. FSPGX - Drawdown Comparison

The maximum FTCVX drawdown since its inception was -25.10%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FTCVX and FSPGX.

Drawdown Indicators

	FTCVX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-25.10%	-32.66%	+7.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-16.17%	+8.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.45%	-32.66%	+8.21%
Max Drawdown (10Y) Largest decline over 10 years	-25.10%	—	—
Current Drawdown Current decline from peak	-6.82%	-16.17%	+9.35%
Average Drawdown Average peak-to-trough decline	-5.90%	-6.43%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	4.63%	-2.57%

Volatility

FTCVX vs. FSPGX - Volatility Comparison

Fidelity Advisor Convertible Securities Fund Class M (FTCVX) has a higher volatility of 6.33% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 5.33%. This indicates that FTCVX's price experiences larger fluctuations and is considered to be riskier than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCVX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	5.33%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	11.79%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	22.32%	-6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.38%	21.46%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.51%	21.63%	-8.12%