FBLEX vs. FSKAX
FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FBLEX is a Large Cap Value Equities fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FBLEX returned 11.89%/yr vs 15.09%/yr for FSKAX. Their correlation of 0.89 suggests significant overlap in exposure. FBLEX charges 0.01%/yr vs 0.01%/yr for FSKAX.
Performance
FBLEX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, FBLEX achieves a 8.36% return, which is significantly lower than FSKAX's 12.08% return. Over the past 10 years, FBLEX has underperformed FSKAX with an annualized return of 11.89%, while FSKAX has yielded a comparatively higher 15.09% annualized return.
FBLEX
- 1D
- 0.33%
- 1M
- 2.07%
- YTD
- 8.36%
- 6M
- 9.82%
- 1Y
- 22.33%
- 3Y*
- 19.15%
- 5Y*
- 11.55%
- 10Y*
- 11.89%
FSKAX
- 1D
- 0.24%
- 1M
- 5.80%
- YTD
- 12.08%
- 6M
- 11.98%
- 1Y
- 29.13%
- 3Y*
- 22.42%
- 5Y*
- 13.08%
- 10Y*
- 15.09%
FBLEX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 8.36% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
FSKAX Fidelity Total Market Index Fund | 12.08% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between FBLEX and FSKAX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012 | 0.89 |
The correlation between FBLEX and FSKAX shifts across timeframes, from 0.78 (3 years) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBLEX vs. FSKAX — Risk / Return Rank
FBLEX
FSKAX
FBLEX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FBLEX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.38 | -0.03 |
| Martin ratioReturn relative to average drawdown | 13.56 | 15.52 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBLEX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.46 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.76 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.82 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.85 | -0.12 |
Drawdowns
FBLEX vs. FSKAX - Drawdown Comparison
The maximum FBLEX drawdown since its inception was -39.73%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FBLEX and FSKAX.
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Drawdown Indicators
| FBLEX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -35.01% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -8.92% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -19.43% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -25.39% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -39.73% | -35.01% | -4.72% |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.02% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.94% | -0.24% |
Volatility
FBLEX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) is 2.69%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 2.97%. This indicates that FBLEX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBLEX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.97% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 9.23% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 12.26% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 17.41% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 18.46% | -1.06% |
FBLEX vs. FSKAX - Expense Ratio Comparison
FBLEX has a 0.01% expense ratio, which is lower than FSKAX's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FBLEX vs. FSKAX - Dividend Comparison
FBLEX's dividend yield for the trailing twelve months is around 10.25%, more than FSKAX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.25% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
FSKAX Fidelity Total Market Index Fund | 0.93% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Frequently Asked Questions
FBLEX and FSKAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKAX has higher volatility (2.97%) compared to FBLEX (2.69%). In terms of maximum drawdown, FBLEX dropped -39.73% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (2.46 vs 2.20), 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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