Correlation
The correlation between FTXN and FSPGX is 0.45, 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.
FTXN vs. FSPGX
Compare and contrast key facts about First Trust Nasdaq Oil & Gas ETF (FTXN) and Fidelity Large Cap Growth Index Fund (FSPGX).
FTXN is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Oil & Gas Index. It was launched on Sep 20, 2016. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTXN or FSPGX.
Performance
FTXN vs. FSPGX - Performance Comparison
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Key characteristics
FTXN:
-0.45
FSPGX:
0.70
FTXN:
-0.51
FSPGX:
1.02
FTXN:
0.93
FSPGX:
1.14
FTXN:
-0.53
FSPGX:
0.67
FTXN:
-1.50
FSPGX:
2.22
FTXN:
9.42%
FSPGX:
7.05%
FTXN:
28.24%
FSPGX:
25.52%
FTXN:
-73.49%
FSPGX:
-32.66%
FTXN:
-20.40%
FSPGX:
-4.29%
Returns By Period
In the year-to-date period, FTXN achieves a -8.73% return, which is significantly lower than FSPGX's -0.26% return.
FTXN
-8.73%
1.76%
-17.02%
-12.76%
-1.49%
21.08%
N/A
FSPGX
-0.26%
8.86%
0.63%
17.83%
19.84%
17.66%
N/A
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FTXN vs. FSPGX - Expense Ratio Comparison
FTXN has a 0.60% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
FTXN vs. FSPGX — Risk-Adjusted Performance Rank
FTXN
FSPGX
FTXN vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.
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Dividends
FTXN vs. FSPGX - Dividend Comparison
FTXN's dividend yield for the trailing twelve months is around 2.90%, more than FSPGX's 0.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTXN First Trust Nasdaq Oil & Gas ETF | 2.90% | 2.51% | 3.41% | 2.26% | 1.04% | 1.76% | 2.72% | 2.16% | 1.78% | 0.20% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.37% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.30% |
Drawdowns
FTXN vs. FSPGX - Drawdown Comparison
The maximum FTXN drawdown since its inception was -73.49%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FTXN and FSPGX.
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Volatility
FTXN vs. FSPGX - Volatility Comparison
First Trust Nasdaq Oil & Gas ETF (FTXN) has a higher volatility of 6.49% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 5.87%. This indicates that FTXN'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.
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