FIOOX vs. FBLEX
FIOOX (Fidelity Series Large Cap Value Index Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FIOOX returned 11.18%/yr vs 11.89%/yr for FBLEX. With a 0.98 correlation, they move nearly in lockstep. FIOOX charges 0.00%/yr vs 0.01%/yr for FBLEX.
Performance
FIOOX vs. FBLEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIOOX achieves a 14.32% return, which is significantly higher than FBLEX's 8.36% return. Over the past 10 years, FIOOX has underperformed FBLEX with an annualized return of 11.18%, while FBLEX has yielded a comparatively higher 11.89% annualized return.
FIOOX
- 1D
- 0.77%
- 1M
- 4.25%
- YTD
- 14.32%
- 6M
- 14.94%
- 1Y
- 28.42%
- 3Y*
- 18.65%
- 5Y*
- 10.50%
- 10Y*
- 11.18%
FBLEX
- 1D
- 0.33%
- 1M
- 2.07%
- YTD
- 8.36%
- 6M
- 9.82%
- 1Y
- 22.33%
- 3Y*
- 19.15%
- 5Y*
- 11.55%
- 10Y*
- 11.89%
FIOOX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 14.32% | 15.95% | 14.34% | 11.60% | -7.56% | 25.23% | 2.85% | 26.57% | -8.28% | 11.06% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 8.36% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between FIOOX and FBLEX is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2013 | 0.98 |
The correlation between FIOOX and FBLEX has been stable across timeframes, ranging from 0.97 to 0.98 - 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
FIOOX vs. FBLEX — Risk / Return Rank
FIOOX
FBLEX
FIOOX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Value Index Fund (FIOOX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.
| FIOOX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 3.35 | +0.96 |
| Martin ratioReturn relative to average drawdown | 18.02 | 13.56 | +4.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FIOOX | FBLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.20 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.78 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.73 | -0.12 |
Drawdowns
FIOOX vs. FBLEX - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, roughly equal to the maximum FBLEX drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for FIOOX and FBLEX.
Loading charts...
Drawdown Indicators
| FIOOX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.31% | -39.73% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.89% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -14.71% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -19.02% | -19.00% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -39.73% | +1.42% |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -3.83% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.70% | -0.08% |
Volatility
FIOOX vs. FBLEX - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) has a higher volatility of 3.06% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 2.69%. This indicates that FIOOX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIOOX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.69% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 7.89% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 10.50% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 14.79% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 17.40% | -0.02% |
FIOOX vs. FBLEX - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than FBLEX's 0.01% 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
FIOOX vs. FBLEX - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 3.09%, less than FBLEX's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.25% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
FIOOX Fidelity Series Large Cap Value Index Fund | 3.09% | 3.66% | 3.30% | 4.31% | 4.39% | 6.12% | 2.59% | 6.82% | 4.99% | 1.74% | 2.48% | 6.77% |
Frequently Asked Questions
With a correlation of 0.97, FIOOX and FBLEX 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.
FIOOX has higher volatility (3.06%) compared to FBLEX (2.69%). In terms of maximum drawdown, FIOOX dropped -38.31% vs FBLEX's -39.73%.
FIOOX currently has the higher Sharpe Ratio (2.71 vs 2.20), 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 FIOOX and FBLEX
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