FGRTX vs. FLCSX
FGRTX (Fidelity Mega Cap Stock Fund) and FLCSX (Fidelity Large Cap Stock Fund) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 10 years, FGRTX returned 16.84%/yr vs 15.83%/yr for FLCSX. With a 0.97 correlation, they move nearly in lockstep. FGRTX charges 0.58%/yr vs 0.75%/yr for FLCSX.
Performance
FGRTX vs. FLCSX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FGRTX having a 9.28% return and FLCSX slightly lower at 9.23%. Over the past 10 years, FGRTX has outperformed FLCSX with an annualized return of 16.84%, while FLCSX has yielded a comparatively lower 15.83% annualized return.
FGRTX
- 1D
- -0.76%
- 1M
- -0.12%
- YTD
- 9.28%
- 6M
- 8.76%
- 1Y
- 28.06%
- 3Y*
- 25.10%
- 5Y*
- 16.41%
- 10Y*
- 16.84%
FLCSX
- 1D
- -0.73%
- 1M
- 0.59%
- YTD
- 9.23%
- 6M
- 8.55%
- 1Y
- 28.22%
- 3Y*
- 25.24%
- 5Y*
- 16.17%
- 10Y*
- 15.83%
FGRTX vs. FLCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 9.28% | 26.92% | 25.98% | 26.51% | -8.98% | 26.29% | 12.96% | 31.07% | -7.44% | 16.98% |
FLCSX Fidelity Large Cap Stock Fund | 9.23% | 27.49% | 26.31% | 23.51% | -8.02% | 25.80% | 9.05% | 31.59% | -13.62% | 17.86% |
Correlation
The correlation between FGRTX and FLCSX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1998 | 0.97 |
The correlation between FGRTX and FLCSX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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
FGRTX vs. FLCSX — Risk / Return Rank
FGRTX
FLCSX
FGRTX vs. FLCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) and Fidelity Large Cap Stock Fund (FLCSX). 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.
| FGRTX | FLCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.09 | +0.15 |
| Martin ratioReturn relative to average drawdown | 14.42 | 13.96 | +0.46 |
Loading charts...
Drawdowns
FGRTX vs. FLCSX - Drawdown Comparison
The maximum FGRTX drawdown since its inception was -56.17%, smaller than the maximum FLCSX drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for FGRTX and FLCSX.
Loading charts...
Drawdown Indicators
| FGRTX | FLCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -63.67% | +7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -9.55% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -18.82% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -21.69% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -37.11% | +1.93% |
Current DrawdownCurrent decline from peak | -1.41% | -1.01% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -13.80% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.11% | -0.09% |
Volatility
FGRTX vs. FLCSX - Volatility Comparison
Fidelity Mega Cap Stock Fund (FGRTX) and Fidelity Large Cap Stock Fund (FLCSX) have volatilities of 4.34% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGRTX | FLCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.38% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 9.92% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 12.76% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 16.89% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 18.68% | -0.53% |
FGRTX vs. FLCSX - Expense Ratio Comparison
FGRTX has a 0.58% expense ratio, which is lower than FLCSX's 0.75% expense ratio.
Dividends
FGRTX vs. FLCSX - Dividend Comparison
FGRTX's dividend yield for the trailing twelve months is around 3.56%, less than FLCSX's 9.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 3.56% | 3.89% | 2.68% | 2.06% | 4.38% | 4.79% | 7.96% | 12.98% | 21.72% | 15.57% | 1.97% | 4.16% |
FLCSX Fidelity Large Cap Stock Fund | 9.04% | 6.50% | 4.26% | 2.83% | 3.07% | 4.71% | 3.93% | 5.43% | 7.63% | 3.25% | 3.61% | 4.55% |
Frequently Asked Questions
With a correlation of 0.99, FGRTX and FLCSX 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.
FLCSX has higher volatility (4.38%) compared to FGRTX (4.34%). In terms of maximum drawdown, FGRTX dropped -56.17% vs FLCSX's -63.67%.
FGRTX currently has the higher Sharpe Ratio (2.33 vs 2.32), 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 FGRTX and FLCSX
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