FLCKX vs. SLGAX

Last updated Aug 5, 2026

FLCKX (Fidelity Leveraged Company Stock Fund Class K) and SLGAX (SEI Institutional Managed Trust Large Cap Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FLCKX returned 14.99%/yr vs 12.99%/yr for SLGAX. Their correlation of 0.92 means they have usually moved in the same direction. FLCKX charges 0.65%/yr vs 0.95%/yr for SLGAX.

Performance

FLCKX vs. SLGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Leveraged Company Stock Fund Class K (FLCKX) and SEI Institutional Managed Trust Large Cap Fund (SLGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCKX achieves a 17.19% return, which is significantly higher than SLGAX's 12.38% return. Over the past 10 years, FLCKX has outperformed SLGAX with an annualized return of 14.99%, while SLGAX has yielded a comparatively lower 12.99% annualized return.

FLCKX

• 1D: 2.65%
• 1M: -0.82%
• 6M: 14.20%
• YTD: 17.19%
• 1Y: 21.79%
• 3Y*: 23.87%
• 5Y*: 13.38%
• 10Y*: 14.99%
• ALL TIME*: 9.73%

SLGAX

• 1D: 1.48%
• 1M: 2.97%
• 6M: 11.03%
• YTD: 12.38%
• 1Y: 21.37%
• 3Y*: 19.03%
• 5Y*: 11.06%
• 10Y*: 12.99%
• ALL TIME*: 12.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLCKX Fidelity Leveraged Company Stock Fund Class K	$0.00	$0.00	$0.00
SLGAX SEI Institutional Managed Trust Large Cap Fund	$0.00	$0.00	$0.00

FLCKX vs. SLGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCKX Fidelity Leveraged Company Stock Fund Class K	17.19%	20.45%	27.06%	26.21%	-22.91%	26.19%	26.85%	35.76%	-16.34%	20.95%
SLGAX SEI Institutional Managed Trust Large Cap Fund	12.38%	17.41%	20.38%	19.49%	-16.03%	24.30%	11.60%	29.13%	-6.92%	22.54%

Correlation

The correlation between FLCKX and SLGAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009	0.92

The correlation between FLCKX and SLGAX shifts across timeframes, from 0.76 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLCKX vs. SLGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLCKX

FLCKX Risk / Return Rank: 27
FLCKX Sharpe Ratio Rank: 24
FLCKX Sortino Ratio Rank: 23
FLCKX Omega Ratio Rank: 23
FLCKX Calmar Ratio Rank: 31
FLCKX Martin Ratio Rank: 32

SLGAX

SLGAX Risk / Return Rank: 76
SLGAX Sharpe Ratio Rank: 77
SLGAX Sortino Ratio Rank: 73
SLGAX Omega Ratio Rank: 69
SLGAX Calmar Ratio Rank: 77
SLGAX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLCKX vs. SLGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund Class K (FLCKX) and SEI Institutional Managed Trust Large Cap Fund (SLGAX). 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	SLGAX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.93	-0.97
Sortino ratio: Return per unit of downside risk	1.40	2.69	-1.30
Omega ratio: Gain probability vs. loss probability	1.18	1.34	-0.16
Calmar ratio: Return relative to maximum drawdown	1.54	2.80	-1.25
Martin ratio: Return relative to average drawdown	5.33	12.19	-6.86

FLCKX vs. SLGAX - Sharpe Ratio Comparison

The current FLCKX Sharpe Ratio is 0.96, which is lower than the SLGAX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FLCKX and SLGAX, 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

FLCKX vs. SLGAX - Drawdown Comparison

The maximum FLCKX drawdown since its inception was -69.99%, which is greater than SLGAX's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for FLCKX and SLGAX.

Drawdown Indicators

	FLCKX	SLGAX	Difference
Max Drawdown Largest peak-to-trough decline	-69.99%	-36.80%	-33.19%
Max Drawdown (1Y) Largest decline over 1 year	-15.43%	-8.39%	-7.04%
Max Drawdown (3Y) Largest decline over 3 years	-28.52%	-28.89%	+0.37%
Max Drawdown (5Y) Largest decline over 5 years	-28.52%	-28.89%	+0.37%
Max Drawdown (10Y) Largest decline over 10 years	-44.10%	-36.80%	-7.30%
Current Drawdown Current decline from peak	-7.75%	0.00%	-7.75%
Average Drawdown Average peak-to-trough decline	-12.35%	-4.84%	-7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	1.92%	+2.54%

Volatility

FLCKX vs. SLGAX - Volatility Comparison

Fidelity Leveraged Company Stock Fund Class K (FLCKX) has a higher volatility of 9.43% compared to SEI Institutional Managed Trust Large Cap Fund (SLGAX) at 3.36%. This indicates that FLCKX's price experiences larger fluctuations and is considered to be riskier than SLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCKX	SLGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	3.36%	+6.07%
Volatility (6M) Calculated over the trailing 6-month period	20.69%	9.50%	+11.19%
Volatility (1Y) Calculated over the trailing 1-year period	24.77%	12.15%	+12.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.59%	19.63%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	19.63%	+4.00%

FLCKX vs. SLGAX - Expense Ratio Comparison

FLCKX has a 0.65% expense ratio, which is lower than SLGAX's 0.95% expense ratio.

Dividends

FLCKX vs. SLGAX - Dividend Comparison

FLCKX's dividend yield for the trailing twelve months is around 4.00%, less than SLGAX's 18.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCKX Fidelity Leveraged Company Stock Fund Class K	4.00%	4.69%	14.54%	12.22%	18.51%	8.45%	0.19%	0.14%	19.95%	18.97%	27.57%	6.18%
SLGAX SEI Institutional Managed Trust Large Cap Fund	18.62%	20.96%	18.18%	6.78%	10.41%	14.16%	3.68%	7.27%	16.21%	7.35%	0.94%	20.34%

Frequently Asked Questions

Can I hold both FLCKX and SLGAX in my portfolio?

FLCKX and SLGAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCKX or SLGAX?

FLCKX has higher volatility (9.43%) compared to SLGAX (3.36%). In terms of maximum drawdown, FLCKX dropped -69.99% vs SLGAX's -36.80%.

Which has better risk-adjusted returns?

SLGAX currently has the higher Sharpe Ratio (1.93 vs 0.96), 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.