IGLD vs. FSPGX

Last updated Jun 4, 2026

IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and FSPGX (Fidelity Large Cap Growth Index Fund) are both funds - IGLD is a Precious Metals fund actively managed by First Trust, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, IGLD returned 13.02%/yr vs 16.03%/yr for FSPGX. At a 0.10 correlation, their price movements are largely independent. IGLD charges 0.85%/yr vs 0.04%/yr for FSPGX.

Performance

IGLD vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Gold Strategy Target Income ETF (IGLD) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGLD achieves a 1.69% return, which is significantly lower than FSPGX's 8.60% return.

IGLD

• 1D: -0.81%
• 1M: -1.33%
• YTD: 1.69%
• 6M: 4.44%
• 1Y: 24.53%
• 3Y*: 23.01%
• 5Y*: 13.02%
• 10Y*: —

FSPGX

• 1D: -0.38%
• 1M: 7.10%
• YTD: 8.60%
• 6M: 7.98%
• 1Y: 27.43%
• 3Y*: 25.53%
• 5Y*: 16.03%
• 10Y*: —

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

IGLD vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IGLD FT Cboe Vest Gold Strategy Target Income ETF	1.69%	47.46%	19.36%	9.24%	-2.34%	4.30%
FSPGX Fidelity Large Cap Growth Index Fund	8.60%	18.54%	33.27%	42.77%	-29.17%	30.47%

Correlation

The correlation between IGLD and FSPGX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.10

Return for Risk

IGLD vs. FSPGX — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 28
IGLD Sharpe Ratio Rank: 28
IGLD Sortino Ratio Rank: 27
IGLD Omega Ratio Rank: 32
IGLD Calmar Ratio Rank: 28
IGLD Martin Ratio Rank: 27

FSPGX

FSPGX Risk / Return Rank: 32
FSPGX Sharpe Ratio Rank: 41
FSPGX Sortino Ratio Rank: 36
FSPGX Omega Ratio Rank: 37
FSPGX Calmar Ratio Rank: 22
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.

IGLD vs. FSPGX - Risk-Adjusted Trends 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.

	IGLD	FSPGX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.85	-0.79
Sortino ratio: Return per unit of downside risk	1.47	2.50	-1.04
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.40	1.76	-0.36
Martin ratio: Return relative to average drawdown	3.82	5.90	-2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGLD vs. FSPGX - Sharpe Ratio Comparison

The current IGLD Sharpe Ratio is 1.06, which is lower than the FSPGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IGLD and FSPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGLD	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.85	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.75	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.90	+0.04

Drawdowns

IGLD vs. FSPGX - Drawdown Comparison

The maximum IGLD drawdown since its inception was -18.59%, 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.

Drawdown Indicators

	IGLD	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-32.66%	+14.07%
Max Drawdown (1Y) Largest decline over 1 year	-17.56%	-16.17%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-17.56%	-23.32%	+5.76%
Max Drawdown (5Y) Largest decline over 5 years	-18.59%	-32.66%	+14.07%
Current Drawdown Current decline from peak	-15.16%	-0.38%	-14.78%
Average Drawdown Average peak-to-trough decline	-5.24%	-6.37%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	4.81%	+1.62%

Volatility

IGLD vs. FSPGX - Volatility Comparison

FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 5.12% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 3.32%. This indicates that IGLD'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

	IGLD	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	3.32%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	21.01%	11.58%	+9.43%
Volatility (1Y) Calculated over the trailing 1-year period	23.24%	15.39%	+7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	21.49%	-6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.00%	21.55%	-6.55%

IGLD vs. FSPGX - Expense Ratio Comparison

IGLD has a 0.85% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

IGLD vs. FSPGX - Dividend Comparison

IGLD's dividend yield for the trailing twelve months is around 17.92%, more than FSPGX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSPGX Fidelity Large Cap Growth Index Fund	0.32%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	17.92%	9.91%	20.81%	7.85%	4.45%	2.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGLD and FSPGX in my portfolio?

IGLD and FSPGX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGLD or FSPGX?

IGLD has higher volatility (5.12%) compared to FSPGX (3.32%). In terms of maximum drawdown, IGLD dropped -18.59% vs FSPGX's -32.66%.

Which has better risk-adjusted returns?

FSPGX currently has the higher Sharpe Ratio (1.85 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.