TNXIX vs. FSPGX

Last updated Jun 4, 2026

TNXIX (1290 Retirement 2060 Fund) and FSPGX (Fidelity Large Cap Growth Index Fund) are both mutual funds - TNXIX is a Target Retirement Date fund managed by 1290 Funds, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, TNXIX returned 12.10%/yr vs 16.03%/yr for FSPGX. Their correlation of 0.89 suggests significant overlap in exposure. TNXIX charges 0.52%/yr vs 0.04%/yr for FSPGX.

Performance

TNXIX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 Retirement 2060 Fund (TNXIX) 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, TNXIX achieves a 9.87% return, which is significantly higher than FSPGX's 8.60% return.

TNXIX

• 1D: -0.04%
• 1M: 5.81%
• YTD: 9.87%
• 6M: 9.55%
• 1Y: 28.19%
• 3Y*: 21.76%
• 5Y*: 12.10%
• 10Y*: —

FSPGX

• 1D: -0.38%
• 1M: 7.10%
• YTD: 8.60%
• 6M: 7.98%
• 1Y: 27.43%
• 3Y*: 25.53%
• 5Y*: 16.03%
• 10Y*: —

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

TNXIX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNXIX 1290 Retirement 2060 Fund	9.87%	16.99%	30.13%	13.71%	-13.94%	19.21%	6.93%	25.04%	-5.65%	11.87%
FSPGX Fidelity Large Cap Growth Index Fund	8.60%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	19.19%

Correlation

The correlation between TNXIX and FSPGX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017	0.89

The correlation between TNXIX and FSPGX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

TNXIX vs. FSPGX — Risk / Return Rank

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

TNXIX

TNXIX Risk / Return Rank: 42
TNXIX Sharpe Ratio Rank: 44
TNXIX Sortino Ratio Rank: 39
TNXIX Omega Ratio Rank: 41
TNXIX Calmar Ratio Rank: 40
TNXIX Martin Ratio Rank: 46

FSPGX

FSPGX Risk / Return Rank: 32
FSPGX Sharpe Ratio Rank: 41
FSPGX Sortino Ratio Rank: 36
FSPGX Omega Ratio Rank: 37
FSPGX Calmar Ratio Rank: 22
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.

TNXIX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 Retirement 2060 Fund (TNXIX) 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.

	TNXIX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.85	+0.09
Sortino ratio Return per unit of downside risk	2.61	2.50	+0.10
Omega ratio Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio Return relative to maximum drawdown	2.39	1.76	+0.63
Martin ratio Return relative to average drawdown	9.59	5.90	+3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNXIX vs. FSPGX - Sharpe Ratio Comparison

The current TNXIX Sharpe Ratio is 1.94, which is comparable to the FSPGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of TNXIX 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.

Sharpe Ratios by Period

	TNXIX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.85	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.75	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.90	-0.22

Drawdowns

TNXIX vs. FSPGX - Drawdown Comparison

The maximum TNXIX drawdown since its inception was -32.31%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for TNXIX and FSPGX.

Drawdown Indicators

	TNXIX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-32.66%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-16.17%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-22.47%	-23.32%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-32.66%	+10.19%
Current Drawdown Current decline from peak	-0.04%	-0.38%	+0.34%
Average Drawdown Average peak-to-trough decline	-4.82%	-6.37%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	4.81%	-1.77%

Volatility

TNXIX vs. FSPGX - Volatility Comparison

The current volatility for 1290 Retirement 2060 Fund (TNXIX) is 3.15%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 3.32%. This indicates that TNXIX 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

	TNXIX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.32%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	11.58%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	15.39%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	21.49%	-4.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	21.55%	-4.31%

TNXIX vs. FSPGX - Expense Ratio Comparison

TNXIX has a 0.52% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

Dividends

TNXIX vs. FSPGX - Dividend Comparison

TNXIX's dividend yield for the trailing twelve months is around 1.54%, more than FSPGX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSPGX Fidelity Large Cap Growth Index Fund	0.32%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%
TNXIX 1290 Retirement 2060 Fund	1.54%	1.69%	0.45%	0.54%	4.17%	2.04%	2.95%	1.87%	2.42%	0.06%

Frequently Asked Questions

Can I hold both TNXIX and FSPGX in my portfolio?

With a correlation of 0.96, TNXIX 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, TNXIX or FSPGX?

FSPGX has higher volatility (3.32%) compared to TNXIX (3.15%). In terms of maximum drawdown, TNXIX dropped -32.31% vs FSPGX's -32.66%.

Which has better risk-adjusted returns?

TNXIX currently has the higher Sharpe Ratio (1.94 vs 1.85), 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.