PSK vs. FSPGX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSK or FSPGX.
Key characteristics
| PSK | FSPGX | |
|---|---|---|
| YTD Return | 8.81% | 32.20% |
| 1Y Return | 14.92% | 42.62% |
| 3Y Return (Ann) | -0.92% | 10.50% |
| 5Y Return (Ann) | 1.16% | 20.06% |
| Sharpe Ratio | 1.79 | 2.54 |
| Sortino Ratio | 2.53 | 3.26 |
| Omega Ratio | 1.33 | 1.46 |
| Calmar Ratio | 0.94 | 3.23 |
| Martin Ratio | 8.16 | 12.71 |
| Ulcer Index | 1.93% | 3.34% |
| Daily Std Dev | 8.81% | 16.73% |
| Max Drawdown | -30.10% | -32.66% |
| Current Drawdown | -4.40% | 0.00% |
Correlation
The correlation between PSK and FSPGX is 0.41, 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.
Performance
PSK vs. FSPGX - Performance Comparison
In the year-to-date period, PSK achieves a 8.81% return, which is significantly lower than FSPGX's 32.20% 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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PSK vs. FSPGX - Expense Ratio Comparison
PSK has a 0.45% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
PSK vs. FSPGX - Risk-Adjusted Performance 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.
Dividends
PSK vs. FSPGX - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 6.24%, more than FSPGX's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | 6.24% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.42% | 0.73% | 0.86% | 0.54% | 0.74% | 0.99% | 1.14% | 0.99% | 0.30% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
PSK vs. FSPGX - Volatility Comparison
The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 3.07%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.05%. 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.