SPYGX vs. FLGEX
Compare and contrast key facts about Spyglass Growth Fund (SPYGX) and Fidelity Large Cap Growth Enhanced Index Fund (FLGEX).
SPYGX is managed by Spyglass Capital Management. It was launched on Dec 29, 2017. FLGEX is managed by Fidelity. It was launched on Apr 19, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYGX or FLGEX.
Key characteristics
| SPYGX | FLGEX |
|---|
Correlation
The correlation between SPYGX and FLGEX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPYGX vs. FLGEX - Performance Comparison
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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SPYGX vs. FLGEX - Expense Ratio Comparison
SPYGX has a 1.05% expense ratio, which is higher than FLGEX's 0.39% expense ratio.
Risk-Adjusted Performance
SPYGX vs. FLGEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spyglass Growth Fund (SPYGX) and Fidelity Large Cap Growth Enhanced Index Fund (FLGEX). 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
SPYGX vs. FLGEX - Dividend Comparison
Neither SPYGX nor FLGEX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYGX Spyglass Growth Fund | 0.00% | 0.00% | 0.06% | 15.69% | 2.71% | 1.55% | 4.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLGEX Fidelity Large Cap Growth Enhanced Index Fund | 0.50% | 0.50% | 0.61% | 14.40% | 4.74% | 3.18% | 8.29% | 4.54% | 1.01% | 3.07% | 9.05% | 7.77% |
Drawdowns
SPYGX vs. FLGEX - Drawdown Comparison
Volatility
SPYGX vs. FLGEX - Volatility Comparison
Spyglass Growth Fund (SPYGX) has a higher volatility of 7.90% compared to Fidelity Large Cap Growth Enhanced Index Fund (FLGEX) at 0.00%. This indicates that SPYGX's price experiences larger fluctuations and is considered to be riskier than FLGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.