FGLGX vs. FNCL
FGLGX (Fidelity Series Large Cap Stock Fund) and FNCL (Fidelity MSCI Financials Index ETF) are both funds - FGLGX is a Large Cap Blend Equities fund actively managed by Fidelity, while FNCL is a Financials Equities fund tracking the MSCI USA IMI Financials Index. FGLGX is actively managed, while FNCL is passively managed. Over the past 10 years, FGLGX returned 16.28%/yr vs 13.39%/yr for FNCL. Their correlation of 0.84 means they have usually moved in the same direction. FGLGX charges 0.00%/yr vs 0.08%/yr for FNCL.
Performance
FGLGX vs. FNCL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGLGX achieves a 11.16% return, which is significantly higher than FNCL's 5.30% return. Over the past 10 years, FGLGX has outperformed FNCL with an annualized return of 16.28%, while FNCL has yielded a comparatively lower 13.39% annualized return.
FGLGX
- 1D
- 1.85%
- 1M
- 0.00%
- 6M
- 7.61%
- YTD
- 11.16%
- 1Y
- 24.53%
- 3Y*
- 23.85%
- 5Y*
- 17.30%
- 10Y*
- 16.28%
- ALL TIME*
- 15.04%
FNCL
- 1D
- -0.16%
- 1M
- 2.30%
- 6M
- 7.40%
- YTD
- 5.30%
- 1Y
- 13.08%
- 3Y*
- 19.64%
- 5Y*
- 11.32%
- 10Y*
- 13.39%
- ALL TIME*
- 11.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.49M | $8.37M | $7.85M |
FGLGX vs. FNCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGLGX Fidelity Series Large Cap Stock Fund | 11.16% | 28.57% | 27.45% | 24.80% | -7.23% | 26.53% | 10.01% | 32.37% | -8.95% | 16.64% |
FNCL Fidelity MSCI Financials Index ETF | 5.30% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
Correlation
The correlation between FGLGX and FNCL is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.84 |
Over the past year, the correlation between FGLGX and FNCL has dropped to 0.58 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGLGX vs. FNCL — Risk / Return Rank
FGLGX
FNCL
FGLGX vs. FNCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Stock Fund (FGLGX) and Fidelity MSCI Financials Index ETF (FNCL). 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.
| FGLGX | FNCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.14 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 0.75 | +1.62 |
| Martin ratioReturn relative to average drawdown | 10.54 | 1.94 | +8.59 |
Loading charts...
Drawdowns
FGLGX vs. FNCL - Drawdown Comparison
The maximum FGLGX drawdown since its inception was -36.42%, smaller than the maximum FNCL drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for FGLGX and FNCL.
Loading charts...
Drawdown Indicators
| FGLGX | FNCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -44.38% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -14.78% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -17.29% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -25.68% | +4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -36.42% | -44.38% | +7.96% |
Current DrawdownCurrent decline from peak | -1.03% | -1.17% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -6.85% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 5.68% | -3.56% |
Volatility
FGLGX vs. FNCL - Volatility Comparison
The current volatility for Fidelity Series Large Cap Stock Fund (FGLGX) is 3.41%, while Fidelity MSCI Financials Index ETF (FNCL) has a volatility of 3.93%. This indicates that FGLGX experiences smaller price fluctuations and is considered to be less risky than FNCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGLGX | FNCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.93% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 11.15% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 15.00% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 19.09% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 22.28% | -3.97% |
FGLGX vs. FNCL - Expense Ratio Comparison
FGLGX has a 0.00% expense ratio, which is lower than FNCL's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FGLGX vs. FNCL - Dividend Comparison
FGLGX's dividend yield for the trailing twelve months is around 8.85%, more than FNCL's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGLGX Fidelity Series Large Cap Stock Fund | 8.85% | 9.84% | 7.99% | 5.29% | 6.55% | 9.22% | 5.36% | 7.25% | 12.29% | 4.61% | 1.69% | 5.94% |
FNCL Fidelity MSCI Financials Index ETF | 1.56% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
Frequently Asked Questions
FGLGX and FNCL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNCL has higher volatility (3.93%) compared to FGLGX (3.41%). In terms of maximum drawdown, FGLGX dropped -36.42% vs FNCL's -44.38%.
FGLGX currently has the higher Sharpe Ratio (1.71 vs 0.74), 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.
Find the right allocation for FGLGX and FNCL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer