FFLC vs. MGC
Compare and contrast key facts about Fidelity Fundamental Large Cap Core ETF (FFLC) and Vanguard Mega Cap ETF (MGC).
FFLC and MGC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007.
Performance
FFLC vs. MGC - Performance Comparison
Loading graphics...
FFLC vs. MGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | -2.68% | 17.67% | 27.89% | 25.07% | -0.04% | 24.53% | 18.76% |
MGC Vanguard Mega Cap ETF | -4.86% | 19.31% | 27.16% | 29.77% | -19.95% | 27.58% | 23.31% |
Returns By Period
In the year-to-date period, FFLC achieves a -2.68% return, which is significantly higher than MGC's -4.86% return.
FFLC
- 1D
- 1.02%
- 1M
- -4.35%
- YTD
- -2.68%
- 6M
- 0.18%
- 1Y
- 19.98%
- 3Y*
- 19.96%
- 5Y*
- 14.63%
- 10Y*
- —
MGC
- 1D
- 0.81%
- 1M
- -4.09%
- YTD
- -4.86%
- 6M
- -2.26%
- 1Y
- 18.99%
- 3Y*
- 19.96%
- 5Y*
- 12.41%
- 10Y*
- 14.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFLC vs. MGC - Expense Ratio Comparison
FFLC has a 0.38% expense ratio, which is higher than MGC's 0.05% expense ratio.
Return for Risk
FFLC vs. MGC — Risk / Return Rank
FFLC
MGC
FFLC vs. MGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) and Vanguard Mega Cap ETF (MGC). 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.
| FFLC | MGC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.01 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.56 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.64 | +0.08 |
Martin ratioReturn relative to average drawdown | 7.35 | 7.19 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FFLC | MGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.01 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.72 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.56 | +0.50 |
Correlation
The correlation between FFLC and MGC is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FFLC vs. MGC - Dividend Comparison
FFLC's dividend yield for the trailing twelve months is around 1.13%, more than MGC's 1.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | 1.13% | 1.10% | 0.82% | 0.57% | 1.67% | 1.68% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGC Vanguard Mega Cap ETF | 1.01% | 0.93% | 1.15% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% |
Drawdowns
FFLC vs. MGC - Drawdown Comparison
The maximum FFLC drawdown since its inception was -19.72%, smaller than the maximum MGC drawdown of -51.93%. Use the drawdown chart below to compare losses from any high point for FFLC and MGC.
Loading graphics...
Drawdown Indicators
| FFLC | MGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -51.93% | +32.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -11.93% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -25.74% | +6.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.07% | — |
Current DrawdownCurrent decline from peak | -5.89% | -6.33% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -7.12% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.72% | +0.07% |
Volatility
FFLC vs. MGC - Volatility Comparison
Fidelity Fundamental Large Cap Core ETF (FFLC) has a higher volatility of 6.15% compared to Vanguard Mega Cap ETF (MGC) at 5.54%. This indicates that FFLC's price experiences larger fluctuations and is considered to be riskier than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FFLC | MGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 5.54% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 9.86% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.69% | 18.80% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 17.26% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 18.19% | -0.41% |