FCFMX vs. GTLOX

Last updated Jun 27, 2026

FCFMX (Fidelity Series Total Market Index Fund) and GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) are both Large Cap Blend Equities funds. Over the past 5 years, FCFMX returned 11.95%/yr vs 10.94%/yr for GTLOX. Their correlation of 0.93 suggests significant overlap in exposure. FCFMX charges 0.00%/yr vs 0.85%/yr for GTLOX.

Performance

FCFMX vs. GTLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Total Market Index Fund (FCFMX) and Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCFMX achieves a 8.93% return, which is significantly lower than GTLOX's 21.08% return.

FCFMX

• 1D: 0.04%
• 1M: -1.51%
• YTD: 8.93%
• 6M: 7.53%
• 1Y: 21.93%
• 3Y*: 20.97%
• 5Y*: 11.95%
• 10Y*: —

GTLOX

• 1D: 0.80%
• 1M: 2.58%
• YTD: 21.08%
• 6M: 19.50%
• 1Y: 39.34%
• 3Y*: 20.17%
• 5Y*: 10.94%
• 10Y*: 13.15%

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

FCFMX vs. GTLOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCFMX Fidelity Series Total Market Index Fund	8.93%	17.43%	23.92%	26.15%	-19.53%	25.64%	20.81%	10.60%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	21.08%	14.39%	13.86%	16.66%	-15.37%	27.05%	7.41%	9.00%

Correlation

The correlation between FCFMX and GTLOX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019	0.93

The correlation between FCFMX and GTLOX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

FCFMX vs. GTLOX — Risk / Return Rank

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

FCFMX

FCFMX Risk / Return Rank: 60
FCFMX Sharpe Ratio Rank: 57
FCFMX Sortino Ratio Rank: 53
FCFMX Omega Ratio Rank: 53
FCFMX Calmar Ratio Rank: 64
FCFMX Martin Ratio Rank: 74

GTLOX

GTLOX Risk / Return Rank: 92
GTLOX Sharpe Ratio Rank: 94
GTLOX Sortino Ratio Rank: 87
GTLOX Omega Ratio Rank: 84
GTLOX Calmar Ratio Rank: 96
GTLOX Martin Ratio Rank: 97

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.

FCFMX vs. GTLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Total Market Index Fund (FCFMX) and Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). 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.

	FCFMX	GTLOX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.78	-0.99
Sortino ratio: Return per unit of downside risk	2.45	3.69	-1.23
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	2.60	5.47	-2.88
Martin ratio: Return relative to average drawdown	11.41	22.88	-11.47

FCFMX vs. GTLOX - Sharpe Ratio Comparison

The current FCFMX Sharpe Ratio is 1.79, which is lower than the GTLOX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of FCFMX and GTLOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCFMX vs. GTLOX - Drawdown Comparison

The maximum FCFMX drawdown since its inception was -34.99%, smaller than the maximum GTLOX drawdown of -54.09%. Use the drawdown chart below to compare losses from any high point for FCFMX and GTLOX.

Drawdown Indicators

	FCFMX	GTLOX	Difference
Max Drawdown Largest peak-to-trough decline	-34.99%	-54.09%	+19.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-7.47%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-32.85%	+13.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-32.85%	+7.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.15%	—
Current Drawdown Current decline from peak	-2.82%	-1.45%	-1.37%
Average Drawdown Average peak-to-trough decline	-5.53%	-8.31%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.78%	+0.24%

Volatility

FCFMX vs. GTLOX - Volatility Comparison

The current volatility for Fidelity Series Total Market Index Fund (FCFMX) is 4.91%, while Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) has a volatility of 6.29%. This indicates that FCFMX experiences smaller price fluctuations and is considered to be less risky than GTLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCFMX	GTLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	6.29%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	11.63%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	14.73%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	21.98%	-4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	20.94%	-0.55%

FCFMX vs. GTLOX - Expense Ratio Comparison

FCFMX has a 0.00% expense ratio, which is lower than GTLOX's 0.85% expense ratio.

Dividends

FCFMX vs. GTLOX - Dividend Comparison

FCFMX's dividend yield for the trailing twelve months is around 1.03%, less than GTLOX's 14.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCFMX Fidelity Series Total Market Index Fund	1.03%	1.41%	1.27%	1.45%	1.78%	1.56%	1.88%	1.35%	0.00%	0.00%	0.00%	0.00%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	14.79%	17.84%	25.96%	8.32%	23.58%	13.35%	9.06%	5.35%	10.53%	4.99%	1.08%	2.09%

Frequently Asked Questions

Can I hold both FCFMX and GTLOX in my portfolio?

FCFMX and GTLOX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCFMX or GTLOX?

GTLOX has higher volatility (6.29%) compared to FCFMX (4.91%). In terms of maximum drawdown, FCFMX dropped -34.99% vs GTLOX's -54.09%.

Which has better risk-adjusted returns?

GTLOX currently has the higher Sharpe Ratio (2.78 vs 1.79), 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.