FXAIX vs. TPLGX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. TPLGX is managed by T. Rowe Price. It was launched on Sep 30, 2003.
Performance
FXAIX vs. TPLGX - Performance Comparison
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FXAIX vs. TPLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -3.65% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
TPLGX T. Rowe Price Institutional Large Cap Core Growth Fund | -10.43% | 18.66% | 35.22% | 49.63% | -38.49% | 17.84% | 34.70% | 30.15% | 2.18% | 36.49% |
Returns By Period
In the year-to-date period, FXAIX achieves a -3.65% return, which is significantly higher than TPLGX's -10.43% return. Over the past 10 years, FXAIX has underperformed TPLGX with an annualized return of 14.16%, while TPLGX has yielded a comparatively higher 14.98% annualized return.
FXAIX
- 1D
- 0.72%
- 1M
- -3.44%
- YTD
- -3.65%
- 6M
- -1.50%
- 1Y
- 17.37%
- 3Y*
- 18.58%
- 5Y*
- 11.95%
- 10Y*
- 14.16%
TPLGX
- 1D
- 0.82%
- 1M
- -4.02%
- YTD
- -10.43%
- 6M
- -9.60%
- 1Y
- 14.87%
- 3Y*
- 22.69%
- 5Y*
- 8.73%
- 10Y*
- 14.98%
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FXAIX vs. TPLGX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than TPLGX's 0.57% expense ratio.
Return for Risk
FXAIX vs. TPLGX — Risk / Return Rank
FXAIX
TPLGX
FXAIX vs. TPLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX). 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.
| FXAIX | TPLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.70 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.18 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.98 | +0.55 |
Martin ratioReturn relative to average drawdown | 7.30 | 3.35 | +3.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | TPLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.70 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.36 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.66 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.53 | +0.23 |
Correlation
The correlation between FXAIX and TPLGX is 0.90, 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
FXAIX vs. TPLGX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.16%, less than TPLGX's 22.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
TPLGX T. Rowe Price Institutional Large Cap Core Growth Fund | 22.66% | 20.30% | 12.87% | 3.70% | 4.39% | 8.81% | 0.59% | 0.60% | 1.65% | 1.39% | 0.25% | 0.44% |
Drawdowns
FXAIX vs. TPLGX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum TPLGX drawdown of -54.57%. Use the drawdown chart below to compare losses from any high point for FXAIX and TPLGX.
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Drawdown Indicators
| FXAIX | TPLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -54.57% | +20.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -17.15% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -43.45% | +18.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -43.45% | +9.66% |
Current DrawdownCurrent decline from peak | -5.56% | -13.24% | +7.68% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.71% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 5.03% | -2.48% |
Volatility
FXAIX vs. TPLGX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 5.37%, while T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) has a volatility of 7.04%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than TPLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | TPLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 7.04% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 12.40% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 22.67% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 24.31% | -7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 22.86% | -4.81% |