FCLAX vs. SNXFX

Last updated Jul 14, 2026

FCLAX (Fidelity Advisor Industrials Fund Class A) and SNXFX (Schwab 1000 Index Fund) are both mutual funds - FCLAX is a Industrials Equities fund managed by Fidelity, while SNXFX is a Large Cap Blend Equities fund tracking the Schwab 1000 Index. Over the past 10 years, FCLAX returned 14.05%/yr vs 14.96%/yr for SNXFX. Their correlation of 0.85 suggests significant overlap in exposure. FCLAX charges 1.02%/yr vs 0.05%/yr for SNXFX.

Performance

FCLAX vs. SNXFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Industrials Fund Class A (FCLAX) and Schwab 1000 Index Fund (SNXFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCLAX achieves a 19.76% return, which is significantly higher than SNXFX's 11.62% return. Over the past 10 years, FCLAX has underperformed SNXFX with an annualized return of 14.05%, while SNXFX has yielded a comparatively higher 14.96% annualized return.

FCLAX

• 1D: 0.39%
• 1M: 3.76%
• 6M: 13.47%
• YTD: 19.76%
• 1Y: 26.02%
• 3Y*: 27.77%
• 5Y*: 17.75%
• 10Y*: 14.05%

SNXFX

• 1D: 0.37%
• 1M: 2.01%
• 6M: 9.21%
• YTD: 11.62%
• 1Y: 22.23%
• 3Y*: 21.17%
• 5Y*: 12.43%
• 10Y*: 14.96%

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

FCLAX vs. SNXFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCLAX Fidelity Advisor Industrials Fund Class A	19.76%	24.48%	28.24%	22.64%	-10.64%	16.27%	11.17%	27.81%	-15.83%	19.28%
SNXFX Schwab 1000 Index Fund	11.62%	17.23%	24.46%	26.53%	-19.46%	26.10%	20.71%	31.43%	-5.04%	21.71%

Correlation

The correlation between FCLAX and SNXFX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996	0.85

The correlation between FCLAX and SNXFX shifts across timeframes, from 0.72 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCLAX vs. SNXFX — Risk / Return Rank

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

FCLAX

FCLAX Risk / Return Rank: 39
FCLAX Sharpe Ratio Rank: 36
FCLAX Sortino Ratio Rank: 37
FCLAX Omega Ratio Rank: 33
FCLAX Calmar Ratio Rank: 43
FCLAX Martin Ratio Rank: 48

SNXFX

SNXFX Risk / Return Rank: 61
SNXFX Sharpe Ratio Rank: 59
SNXFX Sortino Ratio Rank: 54
SNXFX Omega Ratio Rank: 56
SNXFX Calmar Ratio Rank: 63
SNXFX Martin Ratio Rank: 74

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.

FCLAX vs. SNXFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Industrials Fund Class A (FCLAX) and Schwab 1000 Index Fund (SNXFX). 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.

	FCLAX	SNXFX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.71	-0.38
Sortino ratio: Return per unit of downside risk	1.95	2.35	-0.40
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	1.99	2.44	-0.45
Martin ratio: Return relative to average drawdown	7.94	10.68	-2.74

FCLAX vs. SNXFX - Sharpe Ratio Comparison

The current FCLAX Sharpe Ratio is 1.33, which is comparable to the SNXFX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of FCLAX and SNXFX, 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

FCLAX vs. SNXFX - Drawdown Comparison

The maximum FCLAX drawdown since its inception was -60.95%, which is greater than SNXFX's maximum drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FCLAX and SNXFX.

Drawdown Indicators

	FCLAX	SNXFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.95%	-55.08%	-5.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-8.94%	-4.17%
Max Drawdown (3Y) Largest decline over 3 years	-21.31%	-19.21%	-2.10%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	-25.36%	-1.13%
Max Drawdown (10Y) Largest decline over 10 years	-42.71%	-34.58%	-8.13%
Current Drawdown Current decline from peak	-2.82%	-0.25%	-2.57%
Average Drawdown Average peak-to-trough decline	-7.78%	-8.74%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.04%	+1.24%

Volatility

FCLAX vs. SNXFX - Volatility Comparison

Fidelity Advisor Industrials Fund Class A (FCLAX) has a higher volatility of 8.15% compared to Schwab 1000 Index Fund (SNXFX) at 4.33%. This indicates that FCLAX's price experiences larger fluctuations and is considered to be riskier than SNXFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLAX	SNXFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	4.33%	+3.82%
Volatility (6M) Calculated over the trailing 6-month period	16.11%	10.13%	+5.98%
Volatility (1Y) Calculated over the trailing 1-year period	19.66%	12.80%	+6.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	17.42%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	18.71%	+2.85%

FCLAX vs. SNXFX - Expense Ratio Comparison

FCLAX has a 1.02% expense ratio, which is higher than SNXFX's 0.05% expense ratio.

Dividends

FCLAX vs. SNXFX - Dividend Comparison

FCLAX's dividend yield for the trailing twelve months is around 1.45%, more than SNXFX's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLAX Fidelity Advisor Industrials Fund Class A	1.45%	1.73%	8.10%	8.69%	3.46%	21.93%	0.59%	7.50%	12.29%	2.79%	5.69%	9.17%
SNXFX Schwab 1000 Index Fund	1.30%	1.45%	1.23%	1.41%	1.61%	1.74%	2.76%	3.01%	6.49%	4.23%	3.41%	6.31%

Frequently Asked Questions

Can I hold both FCLAX and SNXFX in my portfolio?

FCLAX and SNXFX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCLAX or SNXFX?

FCLAX has higher volatility (8.15%) compared to SNXFX (4.33%). In terms of maximum drawdown, FCLAX dropped -60.95% vs SNXFX's -55.08%.

Which has better risk-adjusted returns?

SNXFX currently has the higher Sharpe Ratio (1.71 vs 1.33), 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.