FSPGX vs VTI
Fidelity Large Cap Growth Index Fund vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | FSPGX | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | - | $666.9B | |
| Dividend Yield | 0.39% | 1.07% | |
| Holdings | 395 | 3,543 | |
| YTD Return | +3.97% | +13.14% | |
| 1Y Return | +11.76% | +22.35% | |
| 3Y Return (annualized) | +21.97% | +21.83% | |
| 5Y Return (annualized) | +11.16% | +12.01% | |
| Volatility (annualized) | 19.0% | 15.3% | |
| Max Drawdown | -34.5% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 7, 2016 | May 24, 2001 |
FSPGX vs VTI Performance
Fidelity Large Cap Growth Index Fund (FSPGX) is a mutual fund from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FSPGX returned +11.76% while VTI returned +22.35%. Year to date, FSPGX is up 3.97% versus a gain of 13.14% for VTI.
Over three years, FSPGX compounded at +21.97% per year against +21.83% for VTI; over five years the annualized figures are +11.16% and +12.01% respectively. Across the full 5-year window we track, FSPGX has the edge at +11.16% annualized vs +8.09%. 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 15.3% for VTI. 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 -56.6% for VTI. 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 0.91. 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 VTI 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 1.07% for VTI.
Holdings Overlap
FSPGX and VTI share 317 holdings out of 2863 unique holdings combined, representing a 52.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FSPGX or VTI?
FSPGX has an expense ratio of 0.04% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FSPGX or VTI?
Over the past year FSPGX returned +11.76% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), FSPGX annualized +11.16% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, FSPGX or VTI?
FSPGX has been the more volatile fund at 19.0% annualized versus 15.3% for VTI. Worst drawdown: FSPGX -34.5% vs VTI -56.6%.
Should I hold both FSPGX and VTI?
FSPGX and VTI have a monthly-return correlation of 0.91, 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 VTI?
FSPGX and VTI share 317 common holdings with a 52.0% weight overlap. Combined, they hold 2863 unique securities.
Which pays a higher dividend, FSPGX or VTI?
FSPGX yields 0.39% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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