FSPGX vs VYM
Fidelity Large Cap Growth Index Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
FSPGX has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FSPGX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.04% | |
| AUM | - | $81.6B | |
| Dividend Yield | 0.39% | 2.24% | |
| Holdings | 395 | 616 | |
| YTD Return | +3.45% | +15.34% | |
| 1Y Return | +10.79% | +23.24% | |
| 3Y Return (annualized) | +21.74% | +19.22% | |
| 5Y Return (annualized) | +11.05% | +12.21% | |
| Volatility (annualized) | 19.0% | 14.6% | |
| Max Drawdown | -34.5% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 7, 2016 | Nov 10, 2006 |
FSPGX vs VYM Performance
Fidelity Large Cap Growth Index Fund (FSPGX) is a mutual fund from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FSPGX returned +10.79% while VYM returned +23.24%. Year to date, FSPGX is up 3.45% versus a gain of 15.34% for VYM.
Over three years, FSPGX compounded at +21.74% per year against +19.22% for VYM; over five years the annualized figures are +11.05% and +12.21% respectively. Across the full 5-year window we track, FSPGX has the edge at +11.05% annualized vs +7.04%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSPGX charges 0.04% per year while VYM charges 0.04%. On a $10,000 position that is $4 vs $4 annually, a gap of $0 per year that compounds over a long holding period. On income, FSPGX currently yields 0.39% against 2.24% for VYM.
Holdings Overlap
FSPGX and VYM share 86 holdings out of 910 unique holdings combined, representing a 13.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSPGX or VYM?
FSPGX has an expense ratio of 0.04% while VYM charges 0.04%. FSPGX is the cheaper option. On a $10,000 investment, that is $0 per year of difference.
Which performed better, FSPGX or VYM?
Over the past year FSPGX returned +10.79% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), FSPGX annualized +11.05% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, FSPGX or VYM?
FSPGX has been the more volatile fund at 19.0% annualized versus 14.6% for VYM. Worst drawdown: FSPGX -34.5% vs VYM -58.8%.
Should I hold both FSPGX and VYM?
FSPGX and VYM have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSPGX and VYM?
FSPGX and VYM share 86 common holdings with a 13.2% weight overlap. Combined, they hold 910 unique securities.
Which pays a higher dividend, FSPGX or VYM?
FSPGX yields 0.39% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.