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SPGP vs. FPKFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPGP vs. FPKFX

Last updated Jun 14, 2026

SPGP (Invesco S&P 500 GARP ETF) and FPKFX (Fidelity Puritan K6 Fund) are both funds - SPGP is a Multi-factor fund tracking the S&P 500 GARP Index, while FPKFX is a Diversified Portfolio fund managed by Fidelity. Over the past 5 years, SPGP returned 7.97%/yr vs 9.04%/yr for FPKFX. Their correlation of 0.83 suggests significant overlap in exposure. SPGP charges 0.36%/yr vs 0.32%/yr for FPKFX.

Performance

SPGP vs. FPKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 GARP ETF (SPGP) and Fidelity Puritan K6 Fund (FPKFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPGP achieves a 6.06% return, which is significantly lower than FPKFX's 8.59% return.

SPGP

1D
0.84%
1M
3.81%
YTD
6.06%
6M
5.64%
1Y
16.85%
3Y*
11.97%
5Y*
7.97%
10Y*
15.11%

FPKFX

1D
2.13%
1M
1.19%
YTD
8.59%
6M
9.11%
1Y
20.85%
3Y*
16.12%
5Y*
9.04%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPGP vs. FPKFX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SPGP
Invesco S&P 500 GARP ETF		6.06%9.80%8.48%20.29%-13.83%35.72%15.92%17.26%
FPKFX
Fidelity Puritan K6 Fund		8.59%11.37%18.95%20.29%-17.11%19.10%20.22%9.41%

Correlation

The correlation between SPGP and FPKFX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.74

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2019

0.83

The correlation between SPGP and FPKFX has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 GARP ETF

Fidelity Puritan K6 Fund

Often compared with SPGP:
SPGP vs. GARPSPGP vs. VOOSPGP vs. SPYSPGP vs. QQQSPGP vs. PAVESPGP vs. HACAXSPGP vs. SCHD
Often compared with FPKFX:
FPKFX vs. TRAIXFPKFX vs. FBKFXFPKFX vs. VOOFPKFX vs. FPURXFPKFX vs. FZABXFPKFX vs. FZACXFPKFX vs. FLCNX

Return for Risk

SPGP vs. FPKFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPGP
SPGP Risk / Return Rank: 3434
Overall Rank
SPGP Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
SPGP Sortino Ratio Rank: 3333
Sortino Ratio Rank
SPGP Omega Ratio Rank: 3030
Omega Ratio Rank
SPGP Calmar Ratio Rank: 3333
Calmar Ratio Rank
SPGP Martin Ratio Rank: 3939
Martin Ratio Rank
FPKFX
FPKFX Risk / Return Rank: 7070
Overall Rank
FPKFX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
FPKFX Sortino Ratio Rank: 6464
Sortino Ratio Rank
FPKFX Omega Ratio Rank: 6666
Omega Ratio Rank
FPKFX Calmar Ratio Rank: 7272
Calmar Ratio Rank
FPKFX Martin Ratio Rank: 8080
Martin Ratio Rank
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.

SPGP vs. FPKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) and Fidelity Puritan K6 Fund (FPKFX). 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.

SPGPFPKFXDifference
Sharpe ratioReturn per unit of total volatility
1.04
1.90

-0.87

Sortino ratioReturn per unit of downside risk
1.57
2.61

-1.05

Omega ratioGain probability vs. loss probability

1.19

1.35

-0.17

Calmar ratioReturn relative to maximum drawdown

1.45

2.72

-1.27

Martin ratioReturn relative to average drawdown

5.54

11.92

-6.39

SPGP vs. FPKFX - Sharpe Ratio Comparison

The current SPGP Sharpe Ratio is 1.04, which is lower than the FPKFX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SPGP and FPKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPGP vs. FPKFX - Drawdown Comparison

The maximum SPGP drawdown since its inception was -42.08%, which is greater than FPKFX's maximum drawdown of -24.46%. Use the drawdown chart below to compare losses from any high point for SPGP and FPKFX.

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Drawdown Indicators

SPGPFPKFXDifference

Max Drawdown

Largest peak-to-trough decline

-42.08%

-24.46%

-17.62%

Max Drawdown (1Y)

Largest decline over 1 year

-11.15%

-7.48%

-3.67%

Max Drawdown (3Y)

Largest decline over 3 years

-22.87%

-14.90%

-7.97%

Max Drawdown (5Y)

Largest decline over 5 years

-22.87%

-22.33%

-0.54%

Max Drawdown (10Y)

Largest decline over 10 years

-42.08%

—

—

Current Drawdown

Current decline from peak

-1.05%

-1.53%

+0.48%

Average Drawdown

Average peak-to-trough decline

-4.35%

-4.78%

+0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

1.70%

+1.22%

Volatility

SPGP vs. FPKFX - Volatility Comparison

Invesco S&P 500 GARP ETF (SPGP) has a higher volatility of 5.43% compared to Fidelity Puritan K6 Fund (FPKFX) at 4.70%. This indicates that SPGP's price experiences larger fluctuations and is considered to be riskier than FPKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPGPFPKFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.43%

4.70%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

8.90%

+3.34%

Volatility (1Y)

Calculated over the trailing 1-year period

15.63%

10.70%

+4.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.60%

12.74%

+5.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.23%

14.35%

+6.88%

SPGP vs. FPKFX - Expense Ratio Comparison

SPGP has a 0.36% expense ratio, which is higher than FPKFX's 0.32% expense ratio.

Dividends

SPGP vs. FPKFX - Dividend Comparison

SPGP's dividend yield for the trailing twelve months is around 0.88%, less than FPKFX's 3.86% yield.

PositionTTM20252024202320222021202020192018201720162015
FPKFX
Fidelity Puritan K6 Fund		3.86%4.19%3.83%1.67%1.62%4.34%1.40%0.63%0.00%0.00%0.00%0.00%
SPGP
Invesco S&P 500 GARP ETF		0.88%1.04%1.38%1.24%1.22%0.69%1.10%0.86%0.95%0.68%0.89%1.12%

Frequently Asked Questions

SPGP and FPKFX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPGP has higher volatility (5.43%) compared to FPKFX (4.70%). In terms of maximum drawdown, SPGP dropped -42.08% vs FPKFX's -24.46%.

FPKFX currently has the higher Sharpe Ratio (1.90 vs 1.04), 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.

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