FLCKX vs. FXAIX
FLCKX (Fidelity Leveraged Company Stock Fund Class K) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FLCKX is a Large Cap Blend Equities fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FLCKX returned 16.01%/yr vs 15.58%/yr for FXAIX. Their correlation of 0.91 suggests significant overlap in exposure. FLCKX charges 0.65%/yr vs 0.02%/yr for FXAIX.
Performance
FLCKX vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, FLCKX achieves a 25.23% return, which is significantly higher than FXAIX's 10.19% return. Both investments have delivered pretty close results over the past 10 years, with FLCKX having a 16.01% annualized return and FXAIX not far behind at 15.58%.
FLCKX
- 1D
- 2.74%
- 1M
- 7.71%
- YTD
- 25.23%
- 6M
- 24.00%
- 1Y
- 44.28%
- 3Y*
- 28.56%
- 5Y*
- 15.59%
- 10Y*
- 16.01%
FXAIX
- 1D
- 1.09%
- 1M
- 0.47%
- YTD
- 10.19%
- 6M
- 9.68%
- 1Y
- 27.18%
- 3Y*
- 20.98%
- 5Y*
- 14.10%
- 10Y*
- 15.58%
FLCKX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCKX Fidelity Leveraged Company Stock Fund Class K | 25.23% | 20.45% | 27.06% | 26.21% | -22.91% | 26.19% | 26.85% | 35.76% | -16.34% | 20.95% |
FXAIX Fidelity 500 Index Fund | 10.19% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between FLCKX and FXAIX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.91 |
The correlation between FLCKX and FXAIX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
FLCKX vs. FXAIX — Risk / Return Rank
FLCKX
FXAIX
FLCKX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund Class K (FLCKX) and Fidelity 500 Index Fund (FXAIX). 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.
| FLCKX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.04 | +0.38 |
| Martin ratioReturn relative to average drawdown | 12.41 | 13.75 | -1.34 |
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Drawdowns
FLCKX vs. FXAIX - Drawdown Comparison
The maximum FLCKX drawdown since its inception was -69.99%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FLCKX and FXAIX.
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Drawdown Indicators
| FLCKX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.99% | -33.79% | -36.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -8.89% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -28.52% | -18.76% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.52% | -24.50% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.10% | -33.79% | -10.31% |
Current DrawdownCurrent decline from peak | 0.00% | -1.36% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -3.79% | -8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 1.96% | +1.61% |
Volatility
FLCKX vs. FXAIX - Volatility Comparison
Fidelity Leveraged Company Stock Fund Class K (FLCKX) has a higher volatility of 9.11% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. This indicates that FLCKX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCKX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 4.77% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 18.24% | 9.91% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 12.47% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 17.01% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 18.11% | +5.40% |
FLCKX vs. FXAIX - Expense Ratio Comparison
FLCKX has a 0.65% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FLCKX vs. FXAIX - Dividend Comparison
FLCKX's dividend yield for the trailing twelve months is around 3.74%, more than FXAIX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCKX Fidelity Leveraged Company Stock Fund Class K | 3.74% | 4.69% | 14.54% | 12.22% | 18.51% | 8.45% | 0.19% | 0.14% | 19.95% | 18.97% | 27.57% | 6.18% |
FXAIX Fidelity 500 Index Fund | 1.04% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FLCKX and FXAIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCKX has higher volatility (9.11%) compared to FXAIX (4.77%). In terms of maximum drawdown, FLCKX dropped -69.99% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (2.17 vs 2.00), 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.
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