IGLD vs. FSPGX
Compare and contrast key facts about FT Cboe Vest Gold Strategy Target Income ETF (IGLD) and Fidelity Large Cap Growth Index Fund (FSPGX).
IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLD or FSPGX.
Key characteristics
| IGLD | FSPGX | |
|---|---|---|
| YTD Return | 6.90% | 7.63% |
| 1Y Return | 7.19% | 34.93% |
| 3Y Return (Ann) | 4.64% | 8.92% |
| Sharpe Ratio | 0.86 | 2.26 |
| Daily Std Dev | 9.75% | 15.13% |
| Max Drawdown | -18.58% | -32.66% |
| Current Drawdown | -1.94% | -3.96% |
Correlation
The correlation between IGLD and FSPGX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IGLD vs. FSPGX - Performance Comparison
In the year-to-date period, IGLD achieves a 6.90% return, which is significantly lower than FSPGX's 7.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGLD vs. FSPGX - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
IGLD vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) 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.
Dividends
IGLD vs. FSPGX - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 8.06%, more than FSPGX's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 8.06% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.68% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.29% |
Drawdowns
IGLD vs. FSPGX - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.58%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for IGLD and FSPGX. For additional features, visit the drawdowns tool.
Volatility
IGLD vs. FSPGX - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is 3.24%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.41%. This indicates that IGLD 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.