FIDLX vs. SWLVX

Last updated Jul 17, 2026

FIDLX (Fidelity Advisor Large Cap Fund Class Z) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Their correlation of 0.88 suggests significant overlap in exposure. FIDLX charges 0.42%/yr vs 0.04%/yr for SWLVX.

Performance

FIDLX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Fund Class Z (FIDLX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIDLX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWLVX

• 1D: 0.47%
• 1M: 1.85%
• 6M: 13.69%
• YTD: 18.51%
• 1Y: 29.17%
• 3Y*: 18.21%
• 5Y*: 11.75%
• 10Y*: —

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

FIDLX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDLX Fidelity Advisor Large Cap Fund Class Z	0.02%	19.77%	26.52%	23.65%	-7.81%	25.99%	8.97%	31.90%	-8.31%	-1.22%
SWLVX Schwab U.S. Large-Cap Value Index Fund	18.51%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between FIDLX and SWLVX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.88

Over the past year, the correlation between FIDLX and SWLVX has dropped to 0.34 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

FIDLX vs. SWLVX — Risk / Return Rank

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

FIDLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SWLVX

SWLVX Risk / Return Rank: 92
SWLVX Sharpe Ratio Rank: 93
SWLVX Sortino Ratio Rank: 89
SWLVX Omega Ratio Rank: 86
SWLVX Calmar Ratio Rank: 94
SWLVX Martin Ratio Rank: 96

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.

FIDLX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class Z (FIDLX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

	FIDLX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.63	—
Sortino ratio: Return per unit of downside risk	—	3.70	—
Omega ratio: Gain probability vs. loss probability	—	1.48	—
Calmar ratio: Return relative to maximum drawdown	—	4.36	—
Martin ratio: Return relative to average drawdown	—	18.25	—

Drawdowns

Drawdown Indicators

	FIDLX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.05%	—
Current Drawdown Current decline from peak	—	-0.16%	—
Average Drawdown Average peak-to-trough decline	—	-4.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	FIDLX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.38%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.49%	—

FIDLX vs. SWLVX - Expense Ratio Comparison

FIDLX has a 0.42% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

FIDLX vs. SWLVX - Dividend Comparison

FIDLX has not paid dividends to shareholders, while SWLVX's dividend yield for the trailing twelve months is around 1.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDLX Fidelity Advisor Large Cap Fund Class Z	5.87%	5.87%	6.23%	3.56%	2.42%	6.64%	5.53%	8.55%	17.01%	6.13%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.71%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%

Frequently Asked Questions

Can I hold both FIDLX and SWLVX in my portfolio?

FIDLX and SWLVX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.