^DJUSL vs. FXAIX
^DJUSL (Dow Jones U.S. Large-Cap Index) is an index, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ^DJUSL returned 14.66%/yr vs 15.58%/yr for FXAIX. With a 0.99 correlation, they move nearly in lockstep.
Performance
^DJUSL vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, ^DJUSL achieves a 7.63% return, which is significantly lower than FXAIX's 10.19% return. Over the past 10 years, ^DJUSL has underperformed FXAIX with an annualized return of 14.66%, while FXAIX has yielded a comparatively higher 15.58% annualized return.
^DJUSL
- 1D
- -0.71%
- 1M
- -1.00%
- YTD
- 7.63%
- 6M
- 7.34%
- 1Y
- 25.71%
- 3Y*
- 20.90%
- 5Y*
- 12.61%
- 10Y*
- 14.66%
FXAIX
- 1D
- 1.09%
- 1M
- 0.47%
- YTD
- 10.19%
- 6M
- 9.68%
- 1Y
- 27.18%
- 3Y*
- 20.98%
- 5Y*
- 14.10%
- 10Y*
- 15.58%
^DJUSL vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DJUSL Dow Jones U.S. Large-Cap Index | 7.63% | 17.84% | 26.52% | 28.92% | -21.96% | 25.66% | 19.80% | 28.82% | -5.11% | 20.08% |
FXAIX Fidelity 500 Index Fund | 10.19% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between ^DJUSL and FXAIX is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.99 |
The correlation between ^DJUSL and FXAIX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
^DJUSL vs. FXAIX — Risk / Return Rank
^DJUSL
FXAIX
^DJUSL vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Large-Cap Index (^DJUSL) and Fidelity 500 Index Fund (FXAIX). 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.
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.
| ^DJUSL | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.04 | -0.56 |
| Martin ratioReturn relative to average drawdown | 10.39 | 13.75 | -3.35 |
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Drawdowns
^DJUSL vs. FXAIX - Drawdown Comparison
The maximum ^DJUSL drawdown since its inception was -60.82%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ^DJUSL and FXAIX.
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Drawdown Indicators
| ^DJUSL | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -33.79% | -27.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.43% | -8.89% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -18.76% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.28% | -24.50% | -2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | -33.79% | +1.04% |
Current DrawdownCurrent decline from peak | -2.76% | -1.36% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -3.79% | -13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.96% | +0.52% |
Volatility
^DJUSL vs. FXAIX - Volatility Comparison
Dow Jones U.S. Large-Cap Index (^DJUSL) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.98% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DJUSL | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.77% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 9.91% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 12.47% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 17.01% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 18.11% | +0.31% |
Frequently Asked Questions
With a correlation of 0.98, ^DJUSL and FXAIX 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.
^DJUSL has higher volatility (4.98%) compared to FXAIX (4.77%). In terms of maximum drawdown, ^DJUSL dropped -60.82% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (2.17 vs 1.95), 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.
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