FGLGX vs. WAYFX

Last updated Jul 15, 2026

FGLGX (Fidelity Series Large Cap Stock Fund) and WAYFX (Waycross Focused Core Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, FGLGX returned 17.32%/yr vs 11.52%/yr for WAYFX. Their correlation of 0.90 suggests significant overlap in exposure. FGLGX charges 0.00%/yr vs 0.89%/yr for WAYFX.

Performance

FGLGX vs. WAYFX - Performance Comparison

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

Returns By Period

In the year-to-date period, FGLGX achieves a 11.05% return, which is significantly higher than WAYFX's 2.92% return.

FGLGX

• 1D: -0.84%
• 1M: 1.89%
• 6M: 7.70%
• YTD: 11.05%
• 1Y: 24.22%
• 3Y*: 25.24%
• 5Y*: 17.32%
• 10Y*: 16.34%

WAYFX

• 1D: -1.07%
• 1M: 1.74%
• 6M: 0.79%
• YTD: 2.92%
• 1Y: 12.08%
• 3Y*: 17.51%
• 5Y*: 11.52%
• 10Y*: —

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

FGLGX vs. WAYFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FGLGX Fidelity Series Large Cap Stock Fund	11.05%	28.57%	27.45%	24.80%	-7.23%	26.53%	1.36%
WAYFX Waycross Focused Core Equity Fund	2.92%	18.35%	25.10%	33.43%	-19.68%	26.33%	1.59%

Correlation

The correlation between FGLGX and WAYFX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020	0.90

The correlation between FGLGX and WAYFX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

FGLGX vs. WAYFX — Risk / Return Rank

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

FGLGX

FGLGX Risk / Return Rank: 75
FGLGX Sharpe Ratio Rank: 75
FGLGX Sortino Ratio Rank: 73
FGLGX Omega Ratio Rank: 70
FGLGX Calmar Ratio Rank: 73
FGLGX Martin Ratio Rank: 83

WAYFX

WAYFX Risk / Return Rank: 17
WAYFX Sharpe Ratio Rank: 17
WAYFX Sortino Ratio Rank: 18
WAYFX Omega Ratio Rank: 17
WAYFX Calmar Ratio Rank: 15
WAYFX Martin Ratio Rank: 20

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.

FGLGX vs. WAYFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Stock Fund (FGLGX) and Waycross Focused Core Equity Fund (WAYFX). 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	WAYFX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.85	+1.08
Sortino ratio: Return per unit of downside risk	2.70	1.29	+1.41
Omega ratio: Gain probability vs. loss probability	1.34	1.16	+0.19
Calmar ratio: Return relative to maximum drawdown	2.63	0.95	+1.68
Martin ratio: Return relative to average drawdown	11.79	3.62	+8.17

FGLGX vs. WAYFX - Sharpe Ratio Comparison

The current FGLGX Sharpe Ratio is 1.93, which is higher than the WAYFX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FGLGX and WAYFX, 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

FGLGX vs. WAYFX - Drawdown Comparison

The maximum FGLGX drawdown since its inception was -36.42%, which is greater than WAYFX's maximum drawdown of -29.62%. Use the drawdown chart below to compare losses from any high point for FGLGX and WAYFX.

Drawdown Indicators

	FGLGX	WAYFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.42%	-29.62%	-6.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-13.19%	+3.76%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-21.07%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-21.21%	-29.62%	+8.41%
Max Drawdown (10Y) Largest decline over 10 years	-36.42%	—	—
Current Drawdown Current decline from peak	-0.84%	-1.78%	+0.94%
Average Drawdown Average peak-to-trough decline	-3.76%	-6.17%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	3.45%	-1.35%

Volatility

FGLGX vs. WAYFX - Volatility Comparison

The current volatility for Fidelity Series Large Cap Stock Fund (FGLGX) is 3.74%, while Waycross Focused Core Equity Fund (WAYFX) has a volatility of 4.79%. This indicates that FGLGX experiences smaller price fluctuations and is considered to be less risky than WAYFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGLGX	WAYFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	4.79%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	11.67%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	14.71%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	19.03%	-2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	18.68%	-0.39%

FGLGX vs. WAYFX - Expense Ratio Comparison

FGLGX has a 0.00% expense ratio, which is lower than WAYFX's 0.89% expense ratio.

Dividends

FGLGX vs. WAYFX - Dividend Comparison

FGLGX's dividend yield for the trailing twelve months is around 8.86%, more than WAYFX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGLGX Fidelity Series Large Cap Stock Fund	8.86%	9.84%	7.99%	5.29%	6.55%	9.22%	5.36%	7.25%	12.29%	4.61%	1.69%	5.94%
WAYFX Waycross Focused Core Equity Fund	1.03%	1.06%	0.29%	0.61%	0.47%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGLGX and WAYFX in my portfolio?

With a correlation of 0.91, FGLGX and WAYFX 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, FGLGX or WAYFX?

WAYFX has higher volatility (4.79%) compared to FGLGX (3.74%). In terms of maximum drawdown, FGLGX dropped -36.42% vs WAYFX's -29.62%.

Which has better risk-adjusted returns?

FGLGX currently has the higher Sharpe Ratio (1.93 vs 0.85), 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.