JGISX vs. FSPGX

Last updated Jul 30, 2026

JGISX (JPMorgan U.S. GARP Equity Fund Class R6) and FSPGX (Fidelity Large Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, JGISX returned 15.87%/yr vs 11.33%/yr for FSPGX. Their 0.98 correlation means they have historically moved very closely together. JGISX charges 0.34%/yr vs 0.04%/yr for FSPGX.

Performance

JGISX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. GARP Equity Fund Class R6 (JGISX) 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, JGISX achieves a 7.58% return, which is significantly higher than FSPGX's -1.30% return.

JGISX

• 1D: 0.58%
• 1M: 2.60%
• 6M: 6.51%
• YTD: 7.58%
• 1Y: 18.07%
• 3Y*: 26.77%
• 5Y*: 15.87%
• 10Y*: 18.39%
• ALL TIME*: 17.90%

FSPGX

• 1D: -0.59%
• 1M: -4.58%
• 6M: -1.32%
• YTD: -1.30%
• 1Y: 6.63%
• 3Y*: 18.68%
• 5Y*: 11.33%
• 10Y*: —
• ALL TIME*: 17.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSPGX Fidelity Large Cap Growth Index Fund	$0.00	$0.00	$0.00
JGISX JPMorgan U.S. GARP Equity Fund Class R6	$0.00	$0.00	$0.00

JGISX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGISX JPMorgan U.S. GARP Equity Fund Class R6	7.58%	20.87%	40.37%	42.38%	-27.39%	31.01%	28.08%	29.56%	-3.19%	32.21%
FSPGX Fidelity Large Cap Growth Index Fund	-1.30%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	27.70%

Correlation

The correlation between JGISX and FSPGX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.98

The correlation between JGISX and FSPGX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

JGISX vs. FSPGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JGISX

JGISX Risk / Return Rank: 36
JGISX Sharpe Ratio Rank: 42
JGISX Sortino Ratio Rank: 40
JGISX Omega Ratio Rank: 38
JGISX Calmar Ratio Rank: 31
JGISX Martin Ratio Rank: 32

FSPGX

FSPGX Risk / Return Rank: 9
FSPGX Sharpe Ratio Rank: 9
FSPGX Sortino Ratio Rank: 10
FSPGX Omega Ratio Rank: 9
FSPGX Calmar Ratio Rank: 9
FSPGX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JGISX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. GARP Equity Fund Class R6 (JGISX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JGISX	FSPGX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	0.35	+0.92
Sortino ratio: Return per unit of downside risk	1.80	0.60	+1.20
Omega ratio: Gain probability vs. loss probability	1.23	1.07	+0.15
Calmar ratio: Return relative to maximum drawdown	1.45	0.37	+1.07
Martin ratio: Return relative to average drawdown	4.89	1.14	+3.75

JGISX vs. FSPGX - Sharpe Ratio Comparison

The current JGISX Sharpe Ratio is 1.27, which is higher than the FSPGX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of JGISX 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.

Drawdowns

JGISX vs. FSPGX - Drawdown Comparison

The maximum JGISX drawdown since its inception was -31.32%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for JGISX and FSPGX.

Drawdown Indicators

	JGISX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-31.32%	-32.66%	+1.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.49%	-16.17%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-23.02%	-23.32%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-31.05%	-32.66%	+1.61%
Max Drawdown (10Y) Largest decline over 10 years	-31.32%	—	—
Current Drawdown Current decline from peak	-2.16%	-9.46%	+7.30%
Average Drawdown Average peak-to-trough decline	-5.59%	-6.36%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	5.31%	-1.03%

Volatility

JGISX vs. FSPGX - Volatility Comparison

JPMorgan U.S. GARP Equity Fund Class R6 (JGISX) has a higher volatility of 6.55% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 6.19%. This indicates that JGISX'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

	JGISX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	6.19%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	13.58%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	17.12%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.07%	21.75%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.70%	21.56%	-0.86%

JGISX vs. FSPGX - Expense Ratio Comparison

JGISX has a 0.34% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

JGISX vs. FSPGX - Dividend Comparison

JGISX's dividend yield for the trailing twelve months is around 56.32%, more than FSPGX's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FSPGX Fidelity Large Cap Growth Index Fund	0.39%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%
JGISX JPMorgan U.S. GARP Equity Fund Class R6	56.32%	7.82%	11.61%	1.14%	4.72%	22.05%	10.07%	13.27%	12.93%	0.88%	1.15%

Frequently Asked Questions

Can I hold both JGISX and FSPGX in my portfolio?

With a correlation of 0.96, JGISX and FSPGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JGISX or FSPGX?

JGISX has higher volatility (6.55%) compared to FSPGX (6.19%). In terms of maximum drawdown, JGISX dropped -31.32% vs FSPGX's -32.66%.

Which has better risk-adjusted returns?

JGISX currently has the higher Sharpe Ratio (1.27 vs 0.35), 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.