JCE vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Core Equity Alpha Fund (JCE) and Fidelity Large Cap Growth Index Fund (FSPGX).

JCE is an actively managed fund by Nuveen. It was launched on Mar 27, 2007. FSPGX is managed by Fidelity.

Performance

JCE vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Core Equity Alpha Fund (JCE) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

JCE vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCE Nuveen Core Equity Alpha Fund	-5.16%	9.06%	27.90%	10.67%	-14.29%	47.67%	3.59%	30.50%	-11.11%	30.98%
FSPGX Fidelity Large Cap Growth Index Fund	-13.03%	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, JCE achieves a -5.16% return, which is significantly higher than FSPGX's -13.03% return.

JCE

• 1D: 4.75%
• 1M: -4.62%
• YTD: -5.16%
• 6M: -1.92%
• 1Y: 10.24%
• 3Y*: 16.14%
• 5Y*: 11.11%
• 10Y*: 11.60%

FSPGX

• 1D: -0.45%
• 1M: -8.63%
• YTD: -13.03%
• 6M: -12.06%
• 1Y: 14.49%
• 3Y*: 19.68%
• 5Y*: 11.91%
• 10Y*: —

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

JCE vs. FSPGX - Expense Ratio Comparison

JCE has a 1.00% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

JCE

Nuveen Core Equity Alpha Fund

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

JCE vs. FSPGX — Risk / Return Rank

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

JCE

JCE Risk / Return Rank: 28
JCE Sharpe Ratio Rank: 22
JCE Sortino Ratio Rank: 24
JCE Omega Ratio Rank: 22
JCE Calmar Ratio Rank: 35
JCE Martin Ratio Rank: 38

FSPGX

FSPGX Risk / Return Rank: 28
FSPGX Sharpe Ratio Rank: 29
FSPGX Sortino Ratio Rank: 33
FSPGX Omega Ratio Rank: 32
FSPGX Calmar Ratio Rank: 25
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.

JCE vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Equity Alpha Fund (JCE) 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.

	JCE	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	0.57	0.66	-0.09
Sortino ratio Return per unit of downside risk	0.96	1.10	-0.15
Omega ratio Gain probability vs. loss probability	1.13	1.15	-0.02
Calmar ratio Return relative to maximum drawdown	0.96	0.72	+0.24
Martin ratio Return relative to average drawdown	4.01	2.51	+1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCE vs. FSPGX - Sharpe Ratio Comparison

The current JCE Sharpe Ratio is 0.57, which is comparable to the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of JCE 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

	JCE	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	0.66	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.56	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.78	-0.37

Correlation

The correlation between JCE and FSPGX is 0.65, 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.

Dividends

JCE vs. FSPGX - Dividend Comparison

JCE's dividend yield for the trailing twelve months is around 8.80%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCE Nuveen Core Equity Alpha Fund	8.80%	8.03%	8.05%	9.45%	17.22%	9.89%	6.57%	6.84%	9.23%	17.33%	8.68%	19.27%
FSPGX Fidelity Large Cap Growth Index Fund	0.40%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Drawdowns

JCE vs. FSPGX - Drawdown Comparison

The maximum JCE drawdown since its inception was -57.63%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for JCE and FSPGX.

Drawdown Indicators

	JCE	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-57.63%	-32.66%	-24.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-16.17%	+4.43%
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	-32.66%	+2.42%
Max Drawdown (10Y) Largest decline over 10 years	-43.56%	—	—
Current Drawdown Current decline from peak	-6.63%	-16.17%	+9.54%
Average Drawdown Average peak-to-trough decline	-9.33%	-6.43%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	4.63%	-1.76%

Volatility

JCE vs. FSPGX - Volatility Comparison

Nuveen Core Equity Alpha Fund (JCE) has a higher volatility of 6.95% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 5.33%. This indicates that JCE'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

	JCE	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	5.33%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	11.79%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	22.32%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	21.46%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.52%	21.63%	+0.89%