FGLGX vs. FNCL
Compare and contrast key facts about Fidelity Series Large Cap Stock Fund (FGLGX) and Fidelity MSCI Financials Index ETF (FNCL).
FGLGX is managed by Fidelity. It was launched on Dec 6, 2012. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGLGX or FNCL.
Key characteristics
| FGLGX | FNCL | |
|---|---|---|
| YTD Return | 23.63% | 33.80% |
| 1Y Return | 29.16% | 47.64% |
| 3Y Return (Ann) | 8.79% | 9.11% |
| 5Y Return (Ann) | 11.74% | 12.95% |
| 10Y Return (Ann) | 8.81% | 11.97% |
| Sharpe Ratio | 2.33 | 3.32 |
| Sortino Ratio | 3.03 | 4.70 |
| Omega Ratio | 1.44 | 1.61 |
| Calmar Ratio | 3.07 | 3.46 |
| Martin Ratio | 11.02 | 23.62 |
| Ulcer Index | 2.68% | 2.05% |
| Daily Std Dev | 12.70% | 14.59% |
| Max Drawdown | -36.42% | -44.38% |
| Current Drawdown | -1.40% | -0.83% |
Correlation
The correlation between FGLGX and FNCL 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.
Performance
FGLGX vs. FNCL - Performance Comparison
In the year-to-date period, FGLGX achieves a 23.63% return, which is significantly lower than FNCL's 33.80% return. Over the past 10 years, FGLGX has underperformed FNCL with an annualized return of 8.81%, while FNCL has yielded a comparatively higher 11.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
FGLGX vs. FNCL - Risk-Adjusted Performance 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.
Dividends
FGLGX vs. FNCL - Dividend Comparison
FGLGX's dividend yield for the trailing twelve months is around 1.47%, more than FNCL's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGLGX Fidelity Series Large Cap Stock Fund | 1.47% | 1.83% | 1.98% | 2.46% | 5.31% | 2.40% | 2.82% | 1.82% | 1.69% | 5.25% | 4.77% | 3.64% |
FNCL Fidelity MSCI Financials Index ETF | 1.42% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% | 1.77% | 0.43% |
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. For additional features, visit the drawdowns tool.
Volatility
FGLGX vs. FNCL - Volatility Comparison
The current volatility for Fidelity Series Large Cap Stock Fund (FGLGX) is 3.74%, while Fidelity MSCI Financials Index ETF (FNCL) has a volatility of 7.66%. 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.