FFLG vs. FFLC

Last updated Aug 4, 2026

FFLG (Fidelity Fundamental Large Cap Growth ETF) and FFLC (Fidelity Fundamental Large Cap Core ETF) are both exchange-traded funds - FFLG is a Large Cap Growth Equities fund actively managed by Fidelity, while FFLC is a Large Cap Blend Equities fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FFLG returned 9.43%/yr vs 16.98%/yr for FFLC. Their correlation of 0.80 means they have usually moved in the same direction. Both charge a 0.38% expense ratio.

Performance

FFLG vs. FFLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Growth ETF (FFLG) and Fidelity Fundamental Large Cap Core ETF (FFLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFLG achieves a 9.18% return, which is significantly lower than FFLC's 12.63% return.

FFLG

• 1D: 2.41%
• 1M: -1.57%
• 6M: 8.17%
• YTD: 9.18%
• 1Y: 20.68%
• 3Y*: 23.88%
• 5Y*: 9.43%
• 10Y*: —
• ALL TIME*: 9.48%

FFLC

• 1D: 1.80%
• 1M: 2.12%
• 6M: 9.47%
• YTD: 12.63%
• 1Y: 22.64%
• 3Y*: 22.09%
• 5Y*: 16.98%
• 10Y*: —
• ALL TIME*: 20.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFLC Fidelity Fundamental Large Cap Core ETF	$6.28M	$5.36M	$5.21M
FFLG Fidelity Fundamental Large Cap Growth ETF	$3.52M	$6.28M	$4.13M

FFLG vs. FFLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFLG Fidelity Fundamental Large Cap Growth ETF	9.18%	19.61%	32.29%	49.71%	-37.86%	2.32%
FFLC Fidelity Fundamental Large Cap Core ETF	12.63%	17.67%	27.89%	25.07%	-0.04%	20.50%

Correlation

The correlation between FFLG and FFLC is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021	0.80

The correlation between FFLG and FFLC shifts across timeframes, from 0.80 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

FFLG vs. FFLC - Sectors Allocation Comparison

Sectors	FFLG	FFLC
Technology	49.2%	28.9%
Communication Services	16.1%	10.3%
Healthcare	7.4%	8.6%
Industrials	7.2%	10.8%
Consumer Cyclical	6.9%	10.0%
Financial Services	3.6%	12.4%
Utilities	1.7%	2.6%
Basic Materials	1.2%	2.1%
Real Estate	0.9%	1.1%
Consumer Defensive	0.6%	4.0%
Energy	0.3%	4.6%

Return for Risk

FFLG vs. FFLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFLG

FFLG Risk / Return Rank: 39
FFLG Sharpe Ratio Rank: 39
FFLG Sortino Ratio Rank: 37
FFLG Omega Ratio Rank: 36
FFLG Calmar Ratio Rank: 40
FFLG Martin Ratio Rank: 42

FFLC

FFLC Risk / Return Rank: 69
FFLC Sharpe Ratio Rank: 70
FFLC Sortino Ratio Rank: 69
FFLC Omega Ratio Rank: 68
FFLC Calmar Ratio Rank: 63
FFLC Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFLG vs. FFLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Growth ETF (FFLG) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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.

	FFLG	FFLC	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.65	-0.67
Sortino ratio: Return per unit of downside risk	1.43	2.30	-0.88
Omega ratio: Gain probability vs. loss probability	1.18	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	1.46	2.28	-0.82
Martin ratio: Return relative to average drawdown	4.69	9.91	-5.21

FFLG vs. FFLC - Sharpe Ratio Comparison

The current FFLG Sharpe Ratio is 0.97, which is lower than the FFLC Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FFLG and FFLC, 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

FFLG vs. FFLC - Drawdown Comparison

The maximum FFLG drawdown since its inception was -44.52%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FFLG and FFLC.

Drawdown Indicators

	FFLG	FFLC	Difference
Max Drawdown Largest peak-to-trough decline	-44.52%	-19.72%	-24.80%
Max Drawdown (1Y) Largest decline over 1 year	-14.23%	-9.98%	-4.25%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-19.72%	-7.00%
Max Drawdown (5Y) Largest decline over 5 years	-44.52%	-19.72%	-24.80%
Current Drawdown Current decline from peak	-7.12%	0.00%	-7.12%
Average Drawdown Average peak-to-trough decline	-14.01%	-2.95%	-11.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	2.29%	+2.12%

Volatility

FFLG vs. FFLC - Volatility Comparison

Fidelity Fundamental Large Cap Growth ETF (FFLG) has a higher volatility of 7.78% compared to Fidelity Fundamental Large Cap Core ETF (FFLC) at 4.00%. This indicates that FFLG's price experiences larger fluctuations and is considered to be riskier than FFLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLG	FFLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	4.00%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	17.63%	11.07%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	21.35%	13.84%	+7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.80%	16.94%	+8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	17.61%	+7.91%

FFLG vs. FFLC - Expense Ratio Comparison

Both FFLG and FFLC have an expense ratio of 0.38%.

Dividends

FFLG vs. FFLC - Dividend Comparison

FFLG's dividend yield for the trailing twelve months is around 0.13%, less than FFLC's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FFLC Fidelity Fundamental Large Cap Core ETF	0.97%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%
FFLG Fidelity Fundamental Large Cap Growth ETF	0.13%	0.14%	0.09%	0.00%	1.50%	0.55%	0.00%

Frequently Asked Questions

Can I hold both FFLG and FFLC in my portfolio?

With a correlation of 0.92, FFLG and FFLC 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, FFLG or FFLC?

FFLG has higher volatility (7.78%) compared to FFLC (4.00%). In terms of maximum drawdown, FFLG dropped -44.52% vs FFLC's -19.72%.

Which ETF is better, FFLG or FFLC?

On 5-year performance, FFLC leads with 16.98% vs 9.43% for FFLG. Both ETFs have the same 0.38% expense ratio. On volatility, FFLC has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFLG or FFLC?

Over the 5-year period, FFLC has performed better with a 16.98% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFLG or FFLC?

FFLG and FFLC have the same expense ratio: 0.38% per year.

Which ETF pays a higher dividend yield, FFLG or FFLC?

FFLC has the higher dividend yield at 0.97%, compared with 0.13% for FFLG.

What is the main difference between FFLG and FFLC?

FFLG is categorized as Large Cap Growth Equities, while FFLC is Large Cap Blend Equities.

Which has better risk-adjusted returns?

FFLC currently has the higher Sharpe Ratio (1.65 vs 0.97), 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.