FTGRX vs. FSPGX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) and Fidelity Large Cap Growth Index Fund (FSPGX).

FTGRX is managed by Fidelity. It was launched on Feb 5, 2008. FSPGX is managed by Fidelity.

Performance

FTGRX vs. FSPGX - Performance Comparison

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

FTGRX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	-2.25%	26.22%	25.36%	25.83%	-9.51%	25.63%	12.30%	30.47%	-7.95%	16.11%
FSPGX Fidelity Large Cap Growth Index Fund	-9.77%	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, FTGRX achieves a -2.25% return, which is significantly higher than FSPGX's -9.77% return.

FTGRX

• 1D: 3.13%
• 1M: -4.76%
• YTD: -2.25%
• 6M: 2.18%
• 1Y: 25.63%
• 3Y*: 21.81%
• 5Y*: 14.31%
• 10Y*: 14.82%

FSPGX

• 1D: 3.75%
• 1M: -5.52%
• YTD: -9.77%
• 6M: -9.26%
• 1Y: 17.78%
• 3Y*: 21.16%
• 5Y*: 12.38%
• 10Y*: —

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

FTGRX vs. FSPGX - Expense Ratio Comparison

FTGRX has a 1.15% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

FTGRX

Fidelity Advisor Mega Cap Stock Fund Class M

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

FTGRX vs. FSPGX — Risk / Return Rank

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

FTGRX

FTGRX Risk / Return Rank: 80
FTGRX Sharpe Ratio Rank: 75
FTGRX Sortino Ratio Rank: 76
FTGRX Omega Ratio Rank: 80
FTGRX Calmar Ratio Rank: 82
FTGRX Martin Ratio Rank: 88

FSPGX

FSPGX Risk / Return Rank: 41
FSPGX Sharpe Ratio Rank: 37
FSPGX Sortino Ratio Rank: 44
FSPGX Omega Ratio Rank: 41
FSPGX Calmar Ratio Rank: 46
FSPGX Martin Ratio Rank: 37

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.

FTGRX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) 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.

	FTGRX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	1.44	0.84	+0.60
Sortino ratio Return per unit of downside risk	2.04	1.36	+0.69
Omega ratio Gain probability vs. loss probability	1.33	1.19	+0.14
Calmar ratio Return relative to maximum drawdown	2.19	1.17	+1.03
Martin ratio Return relative to average drawdown	10.11	4.02	+6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTGRX vs. FSPGX - Sharpe Ratio Comparison

The current FTGRX Sharpe Ratio is 1.44, which is higher than the FSPGX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of FTGRX 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

	FTGRX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	0.84	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.58	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.80	-0.26

Correlation

The correlation between FTGRX and FSPGX is 0.82, 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

FTGRX vs. FSPGX - Dividend Comparison

FTGRX's dividend yield for the trailing twelve months is around 3.52%, more than FSPGX's 0.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M	3.52%	3.44%	2.20%	1.60%	3.88%	4.34%	7.59%	12.62%	21.28%	15.95%	1.52%	3.66%
FSPGX Fidelity Large Cap Growth Index Fund	0.38%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Drawdowns

FTGRX vs. FSPGX - Drawdown Comparison

The maximum FTGRX drawdown since its inception was -52.75%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FTGRX and FSPGX.

Drawdown Indicators

	FTGRX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	-32.66%	-20.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.15%	-16.17%	+4.02%
Max Drawdown (5Y) Largest decline over 5 years	-23.63%	-32.66%	+9.03%
Max Drawdown (10Y) Largest decline over 10 years	-35.31%	—	—
Current Drawdown Current decline from peak	-6.22%	-13.03%	+6.81%
Average Drawdown Average peak-to-trough decline	-6.84%	-6.43%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	4.70%	-2.06%

Volatility

FTGRX vs. FSPGX - Volatility Comparison

The current volatility for Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) is 5.56%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.71%. This indicates that FTGRX experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTGRX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	6.71%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	12.37%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	18.36%	22.58%	-4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	21.52%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	21.66%	-3.52%