- Issuer
- Fidelity
- Inception Date
- Jul 24, 2025
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity U.S. Large Cap Focused Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FXLCX Performance Chart
Fidelity Flex Large Cap Focused Index Fund (FXLCX) is up 8.8% since the beginning of the year. FXLCX is currently trading at $12 per share.
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Returns By Period
Fidelity Flex Large Cap Focused Index Fund
- 1D
- 0.95%
- 1M
- 0.52%
- YTD
- 8.80%
- 6M
- 8.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FXLCX Monthly Returns History
Based on dividend-adjusted daily data since Jul 29, 2025, FXLCX's average daily return is +0.07%, while the average monthly return is +1.39%. At this rate, an investment would double in approximately 4.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2026 with a return of +9.9%, while the worst month was Mar 2026 at -4.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FXLCX closed higher 52% of trading days. The best single day was Mar 31, 2026 with a return of +2.9%, while the worst single day was Oct 10, 2025 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.46% | -0.65% | -4.84% | 9.94% | 5.17% | -0.93% | 8.80% | ||||||
| 2025 | -0.40% | 2.00% | 3.93% | 1.93% | 0.00% | 0.02% | 7.64% |
Benchmark Metrics
Fidelity Flex Large Cap Focused Index Fund has an annualized alpha of -0.33%, beta of 1.00, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since July 29, 2025.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (93.46%) than losses (87.73%) - typical of diversified or defensive assets.
- With beta of 1.00 and R2 of 0.99, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.33%
- Beta
- 1.00
- R²
- 0.99
- Upside Capture
- 93.46%
- Downside Capture
- 87.73%
Expense Ratio
FXLCX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Flex Large Cap Focused Index Fund (FXLCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXLCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Fidelity Flex Large Cap Focused Index Fund provided a 0.44% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.05 | $0.04 |
Dividend yield | 0.44% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Flex Large Cap Focused Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.01 | $0.00 | $0.02 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Flex Large Cap Focused Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Flex Large Cap Focused Index Fund was 9.23%, occurring on Mar 30, 2026. Recovery took 11 trading sessions.
The current Fidelity Flex Large Cap Focused Index Fund drawdown is 1.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -9.23%Mar 2026 | 2mo 16d | 16d | 3mo 2dJan 2026 - Apr 2026 |
2025 pullback2025 | -5.43%Nov 2025 | 22d | 1mo 3d | 1mo 25dOct 2025 - Dec 2025 |
2026 pullback2026 | -4.81%Jun 2026 | 7d | — | 20d 6hJun 2026 - now |
2025 pullback2025 | -2.92%Oct 2025 | 1d | 14d | 15dOct 2025 - Oct 2025 |
2026 pullback2026 | -2.14%May 2026 | 4d | 7d | 11dMay 2026 - May 2026 |
Drawdown Indicators
| FXLCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.23% | -56.78% | +47.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.80% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -10.71% | +9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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