FELC vs. FGLGX

Last updated Jun 24, 2026

FELC (Fidelity Enhanced Large Cap Core ETF) and FGLGX (Fidelity Series Large Cap Stock Fund) are both Large Cap Blend Equities funds from Fidelity. Over the past year, FELC returned 24.68% vs 29.54% for FGLGX. Their correlation of 0.92 suggests significant overlap in exposure. FELC charges 0.18%/yr vs 0.00%/yr for FGLGX.

Performance

FELC vs. FGLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity Series Large Cap Stock Fund (FGLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FELC achieves a 8.65% return, which is significantly lower than FGLGX's 9.66% return.

FELC

• 1D: -1.46%
• 1M: -0.92%
• YTD: 8.65%
• 6M: 7.63%
• 1Y: 24.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FGLGX

• 1D: -0.71%
• 1M: 0.65%
• YTD: 9.66%
• 6M: 8.97%
• 1Y: 29.54%
• 3Y*: 26.37%
• 5Y*: 17.20%
• 10Y*: 16.92%

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

FELC vs. FGLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	8.65%	17.09%	25.25%	6.06%
FGLGX Fidelity Series Large Cap Stock Fund	9.66%	28.57%	27.45%	6.15%

Correlation

The correlation between FELC and FGLGX is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.92

The correlation between FELC and FGLGX has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

FELC vs. FGLGX — Risk / Return Rank

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

FELC

FELC Risk / Return Rank: 61
FELC Sharpe Ratio Rank: 62
FELC Sortino Ratio Rank: 59
FELC Omega Ratio Rank: 60
FELC Calmar Ratio Rank: 57
FELC Martin Ratio Rank: 69

FGLGX

FGLGX Risk / Return Rank: 78
FGLGX Sharpe Ratio Rank: 80
FGLGX Sortino Ratio Rank: 75
FGLGX Omega Ratio Rank: 71
FGLGX Calmar Ratio Rank: 76
FGLGX Martin Ratio Rank: 85

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.

FELC vs. FGLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity Series Large Cap Stock Fund (FGLGX). 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.

	FELC	FGLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.41	-0.44
Sortino ratio: Return per unit of downside risk	2.67	3.31	-0.64
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	2.73	3.27	-0.55
Martin ratio: Return relative to average drawdown	12.19	14.80	-2.61

FELC vs. FGLGX - Sharpe Ratio Comparison

The current FELC Sharpe Ratio is 1.97, which is comparable to the FGLGX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of FELC and FGLGX, 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

FELC vs. FGLGX - Drawdown Comparison

The maximum FELC drawdown since its inception was -18.59%, smaller than the maximum FGLGX drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for FELC and FGLGX.

Drawdown Indicators

	FELC	FGLGX	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-36.42%	+17.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-9.43%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.42%	—
Current Drawdown Current decline from peak	-2.90%	-0.95%	-1.95%
Average Drawdown Average peak-to-trough decline	-1.91%	-3.77%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.08%	-0.05%

Volatility

FELC vs. FGLGX - Volatility Comparison

Fidelity Enhanced Large Cap Core ETF (FELC) has a higher volatility of 4.96% compared to Fidelity Series Large Cap Stock Fund (FGLGX) at 4.35%. This indicates that FELC's price experiences larger fluctuations and is considered to be riskier than FGLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELC	FGLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.35%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	9.94%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	12.83%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	16.94%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	18.40%	-3.11%

FELC vs. FGLGX - Expense Ratio Comparison

FELC has a 0.18% expense ratio, which is higher than FGLGX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FELC vs. FGLGX - Dividend Comparison

FELC's dividend yield for the trailing twelve months is around 0.86%, less than FGLGX's 8.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELC Fidelity Enhanced Large Cap Core ETF	0.86%	0.92%	1.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FGLGX Fidelity Series Large Cap Stock Fund	8.97%	9.84%	7.99%	5.29%	6.55%	9.22%	5.36%	7.25%	12.29%	4.61%	1.69%	5.94%

Frequently Asked Questions

Can I hold both FELC and FGLGX in my portfolio?

With a correlation of 0.92, FELC and FGLGX 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, FELC or FGLGX?

FELC has higher volatility (4.96%) compared to FGLGX (4.35%). In terms of maximum drawdown, FELC dropped -18.59% vs FGLGX's -36.42%.

Which has better risk-adjusted returns?

FGLGX currently has the higher Sharpe Ratio (2.41 vs 1.97), 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.