FSPGX vs VOO
Fidelity Large Cap Growth Index Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FSPGX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | - | $997.4B | |
| Dividend Yield | 0.39% | 1.08% | |
| Holdings | 395 | 509 | |
| YTD Return | +3.45% | +12.68% | |
| 1Y Return | +10.79% | +21.87% | |
| 3Y Return (annualized) | +21.74% | +22.06% | |
| 5Y Return (annualized) | +11.05% | +12.95% | |
| Volatility (annualized) | 19.0% | 14.1% | |
| Max Drawdown | -34.5% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 7, 2016 | Sep 7, 2010 |
FSPGX vs VOO Performance
Fidelity Large Cap Growth Index Fund (FSPGX) is a mutual fund from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FSPGX returned +10.79% while VOO returned +21.87%. Year to date, FSPGX is up 3.45% versus a gain of 12.68% for VOO.
Over three years, FSPGX compounded at +21.74% per year against +22.06% for VOO; over five years the annualized figures are +11.05% and +12.95% respectively. Across the full 5-year window we track, VOO has the edge at +13.47% annualized vs +11.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSPGX has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.5% for FSPGX and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSPGX charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, FSPGX currently yields 0.39% against 1.08% for VOO.
Holdings Overlap
FSPGX and VOO share 188 holdings out of 710 unique holdings combined, representing a 57.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FSPGX or VOO?
FSPGX has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FSPGX or VOO?
Over the past year FSPGX returned +10.79% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FSPGX annualized +11.05% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, FSPGX or VOO?
FSPGX has been the more volatile fund at 19.0% annualized versus 14.1% for VOO. Worst drawdown: FSPGX -34.5% vs VOO -34.3%.
Should I hold both FSPGX and VOO?
FSPGX and VOO have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FSPGX and VOO?
FSPGX and VOO share 188 common holdings with a 57.0% weight overlap. Combined, they hold 710 unique securities.
Which pays a higher dividend, FSPGX or VOO?
FSPGX yields 0.39% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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