PSK vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR ICE Preferred Securities ETF (PSK) and Fidelity Large Cap Growth Index Fund (FSPGX).

PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009. FSPGX is managed by Fidelity.

Performance

PSK vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR ICE Preferred Securities ETF (PSK) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

PSK vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSK SPDR ICE Preferred Securities ETF	-1.59%	2.69%	4.81%	8.91%	-18.86%	1.57%	6.37%	17.59%	-4.54%	11.75%
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, PSK achieves a -1.59% return, which is significantly higher than FSPGX's -13.03% return.

PSK

• 1D: 0.16%
• 1M: -3.59%
• YTD: -1.59%
• 6M: -3.57%
• 1Y: 1.83%
• 3Y*: 3.35%
• 5Y*: -0.79%
• 10Y*: 2.29%

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)

PSK vs. FSPGX - Expense Ratio Comparison

PSK has a 0.45% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

PSK

SPDR ICE Preferred Securities ETF

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

PSK vs. FSPGX — Risk / Return Rank

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

PSK

PSK Risk / Return Rank: 18
PSK Sharpe Ratio Rank: 20
PSK Sortino Ratio Rank: 17
PSK Omega Ratio Rank: 16
PSK Calmar Ratio Rank: 18
PSK Martin Ratio Rank: 17

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.

PSK vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) 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.

	PSK	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	0.26	0.66	-0.40
Sortino ratio Return per unit of downside risk	0.41	1.10	-0.70
Omega ratio Gain probability vs. loss probability	1.05	1.15	-0.10
Calmar ratio Return relative to maximum drawdown	0.26	0.72	-0.45
Martin ratio Return relative to average drawdown	0.65	2.51	-1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSK vs. FSPGX - Sharpe Ratio Comparison

The current PSK Sharpe Ratio is 0.26, which is lower than the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of PSK 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

	PSK	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	0.66	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.56	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.78	-0.35

Correlation

The correlation between PSK and FSPGX is 0.40, 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.

Dividends

PSK vs. FSPGX - Dividend Comparison

PSK's dividend yield for the trailing twelve months is around 7.00%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSK SPDR ICE Preferred Securities ETF	7.00%	6.82%	6.55%	6.44%	6.55%	5.03%	5.08%	5.44%	6.47%	6.91%	5.92%	5.35%
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

PSK vs. FSPGX - Drawdown Comparison

The maximum PSK drawdown since its inception was -30.10%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for PSK and FSPGX.

Drawdown Indicators

	PSK	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-30.10%	-32.66%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-5.50%	-16.17%	+10.67%
Max Drawdown (5Y) Largest decline over 5 years	-22.23%	-32.66%	+10.43%
Max Drawdown (10Y) Largest decline over 10 years	-30.10%	—	—
Current Drawdown Current decline from peak	-6.93%	-16.17%	+9.24%
Average Drawdown Average peak-to-trough decline	-3.97%	-6.43%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	4.63%	-2.40%

Volatility

PSK vs. FSPGX - Volatility Comparison

The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 2.21%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.33%. This indicates that PSK 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.

Volatility by Period

	PSK	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	5.33%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	4.12%	11.79%	-7.67%
Volatility (1Y) Calculated over the trailing 1-year period	7.17%	22.32%	-15.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.69%	21.46%	-10.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.89%	21.63%	-9.74%