FALGX vs. FLCCX

Last updated Jun 4, 2026

FALGX (Fidelity Advisor Large Cap Fund Class M) and FLCCX (Fidelity Advisor Large Cap Fund Class C) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FALGX returned 12.97%/yr vs 13.12%/yr for FLCCX. With a 0.97 correlation, they move nearly in lockstep. FALGX charges 1.05%/yr vs 1.57%/yr for FLCCX.

Performance

FALGX vs. FLCCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Fund Class M (FALGX) and Fidelity Advisor Large Cap Fund Class C (FLCCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Both investments have delivered pretty close results over the past 10 years, with FALGX having a 12.97% annualized return and FLCCX not far ahead at 13.12%.

FALGX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 11.81%
• 3Y*: 16.34%
• 5Y*: 10.59%
• 10Y*: 12.97%

FLCCX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 11.54%
• 3Y*: 18.09%
• 5Y*: 11.36%
• 10Y*: 13.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FALGX vs. FLCCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FALGX Fidelity Advisor Large Cap Fund Class M	0.00%	19.09%	18.68%	22.88%	-8.40%	25.20%	8.27%	31.01%	-8.88%	16.83%
FLCCX Fidelity Advisor Large Cap Fund Class C	0.00%	18.58%	25.08%	22.21%	-8.85%	24.54%	7.70%	30.36%	-9.25%	16.67%

Correlation

The correlation between FALGX and FLCCX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 1, 1996	0.97

The correlation between FALGX and FLCCX has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

Return for Risk

FALGX vs. FLCCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FALGX

FALGX Risk / Return Rank: 43
FALGX Sharpe Ratio Rank: 37
FALGX Sortino Ratio Rank: 36
FALGX Omega Ratio Rank: 71
FALGX Calmar Ratio Rank: 54
FALGX Martin Ratio Rank: 18

FLCCX

FLCCX Risk / Return Rank: 41
FLCCX Sharpe Ratio Rank: 36
FLCCX Sortino Ratio Rank: 34
FLCCX Omega Ratio Rank: 69
FLCCX Calmar Ratio Rank: 51
FLCCX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FALGX vs. FLCCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class M (FALGX) and Fidelity Advisor Large Cap Fund Class C (FLCCX). 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.

	FALGX	FLCCX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.73	+0.04
Sortino ratio: Return per unit of downside risk	2.49	2.43	+0.06
Omega ratio: Gain probability vs. loss probability	1.47	1.46	+0.01
Calmar ratio: Return relative to maximum drawdown	2.81	2.73	+0.09
Martin ratio: Return relative to average drawdown	4.79	4.65	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FALGX vs. FLCCX - Sharpe Ratio Comparison

The current FALGX Sharpe Ratio is 1.77, which is comparable to the FLCCX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of FALGX and FLCCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FALGX	FLCCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.73	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.71	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.72	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.43	+0.02

Drawdowns

FALGX vs. FLCCX - Drawdown Comparison

The maximum FALGX drawdown since its inception was -64.07%, roughly equal to the maximum FLCCX drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for FALGX and FLCCX.

Drawdown Indicators

	FALGX	FLCCX	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-65.81%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-5.06%	-5.10%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-21.78%	-19.06%	-2.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.78%	-22.04%	+0.26%
Max Drawdown (10Y) Largest decline over 10 years	-37.58%	-37.63%	+0.05%
Current Drawdown Current decline from peak	-4.20%	-4.23%	+0.03%
Average Drawdown Average peak-to-trough decline	-14.43%	-15.48%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.82%	-0.02%

Volatility

FALGX vs. FLCCX - Volatility Comparison

The current volatility for Fidelity Advisor Large Cap Fund Class M (FALGX) is 0.00%, while Fidelity Advisor Large Cap Fund Class C (FLCCX) has a volatility of 0.00%. This indicates that FALGX experiences smaller price fluctuations and is considered to be less risky than FLCCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FALGX	FLCCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.00%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	4.21%	4.21%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	8.06%	8.06%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	16.44%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	18.59%	+0.08%

FALGX vs. FLCCX - Expense Ratio Comparison

FALGX has a 1.05% expense ratio, which is lower than FLCCX's 1.57% expense ratio.

Dividends

FALGX vs. FLCCX - Dividend Comparison

FALGX's dividend yield for the trailing twelve months is around 5.76%, less than FLCCX's 6.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FALGX Fidelity Advisor Large Cap Fund Class M	5.76%	5.76%	0.00%	3.20%	1.91%	6.44%	5.25%	8.39%	16.99%	6.42%	1.85%	2.74%
FLCCX Fidelity Advisor Large Cap Fund Class C	6.79%	6.79%	6.81%	3.27%	1.77%	6.87%	5.44%	8.90%	18.35%	7.06%	1.65%	2.52%

Frequently Asked Questions

Can I hold both FALGX and FLCCX in my portfolio?

With a correlation of 1.00, FALGX and FLCCX 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.

Which is riskier, FALGX or FLCCX?

FLCCX has higher volatility (0.00%) compared to FALGX (0.00%). In terms of maximum drawdown, FALGX dropped -64.07% vs FLCCX's -65.81%.

Which has better risk-adjusted returns?

FALGX currently has the higher Sharpe Ratio (1.77 vs 1.73), 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.