FLCOX vs. FLCSX

Last updated Aug 1, 2026

FLCOX (Fidelity Large Cap Value Index Fund) and FLCSX (Fidelity Large Cap Stock Fund) are both mutual funds - FLCOX is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while FLCSX is a Large Cap Blend Equities fund actively managed by Fidelity. FLCOX is passively managed, while FLCSX is actively managed. Over the past 5 years, FLCOX returned 11.70%/yr vs 16.27%/yr for FLCSX. Their correlation of 0.91 means they have usually moved in the same direction. FLCOX charges 0.04%/yr vs 0.75%/yr for FLCSX.

Performance

FLCOX vs. FLCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Large Cap Value Index Fund (FLCOX) and Fidelity Large Cap Stock Fund (FLCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCOX achieves a 20.05% return, which is significantly higher than FLCSX's 10.72% return.

FLCOX

• 1D: 0.49%
• 1M: 1.47%
• 6M: 14.83%
• YTD: 20.05%
• 1Y: 32.24%
• 3Y*: 17.69%
• 5Y*: 11.70%
• 10Y*: —
• ALL TIME*: 10.99%

FLCSX

• 1D: 1.84%
• 1M: 0.00%
• 6M: 7.29%
• YTD: 10.72%
• 1Y: 23.37%
• 3Y*: 22.81%
• 5Y*: 16.27%
• 10Y*: 15.14%
• ALL TIME*: 10.23%

*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)
FLCOX Fidelity Large Cap Value Index Fund	$0.00	$0.00	$0.00
FLCSX Fidelity Large Cap Stock Fund	$0.00	$0.00	$0.00

FLCOX vs. FLCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCOX Fidelity Large Cap Value Index Fund	20.05%	15.90%	14.38%	11.48%	-7.57%	25.09%	2.87%	26.54%	-8.38%	10.90%
FLCSX Fidelity Large Cap Stock Fund	10.72%	27.49%	26.31%	23.51%	-8.02%	25.80%	9.05%	31.59%	-13.62%	17.86%

Correlation

The correlation between FLCOX and FLCSX is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.91

The correlation between FLCOX and FLCSX shifts across timeframes, from 0.75 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLCOX vs. FLCSX — Risk / Return Rank

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

FLCOX

FLCOX Risk / Return Rank: 94
FLCOX Sharpe Ratio Rank: 95
FLCOX Sortino Ratio Rank: 93
FLCOX Omega Ratio Rank: 89
FLCOX Calmar Ratio Rank: 96
FLCOX Martin Ratio Rank: 97

FLCSX

FLCSX Risk / Return Rank: 73
FLCSX Sharpe Ratio Rank: 72
FLCSX Sortino Ratio Rank: 70
FLCSX Omega Ratio Rank: 68
FLCSX Calmar Ratio Rank: 70
FLCSX Martin Ratio Rank: 82

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.

FLCOX vs. FLCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Value Index Fund (FLCOX) 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.

	FLCOX	FLCSX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.64	+0.96
Sortino ratio: Return per unit of downside risk	3.65	2.32	+1.33
Omega ratio: Gain probability vs. loss probability	1.46	1.29	+0.17
Calmar ratio: Return relative to maximum drawdown	4.35	2.22	+2.13
Martin ratio: Return relative to average drawdown	18.62	9.89	+8.73

FLCOX vs. FLCSX - Sharpe Ratio Comparison

The current FLCOX Sharpe Ratio is 2.59, which is higher than the FLCSX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FLCOX and FLCSX, 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

FLCOX vs. FLCSX - Drawdown Comparison

The maximum FLCOX drawdown since its inception was -38.28%, smaller than the maximum FLCSX drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for FLCOX and FLCSX.

Drawdown Indicators

	FLCOX	FLCSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.28%	-63.67%	+25.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-9.55%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-15.60%	-18.82%	+3.22%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-21.69%	+2.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.11%	—
Current Drawdown Current decline from peak	-0.56%	-1.03%	+0.47%
Average Drawdown Average peak-to-trough decline	-4.39%	-13.75%	+9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.14%	-0.54%

Volatility

FLCOX vs. FLCSX - Volatility Comparison

The current volatility for Fidelity Large Cap Value Index Fund (FLCOX) is 2.92%, while Fidelity Large Cap Stock Fund (FLCSX) has a volatility of 3.40%. This indicates that FLCOX experiences smaller price fluctuations and is considered to be less risky than FLCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCOX	FLCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	3.40%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	10.07%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	12.96%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	16.82%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.56%	18.57%	-1.01%

FLCOX vs. FLCSX - Expense Ratio Comparison

FLCOX has a 0.04% expense ratio, which is lower than FLCSX's 0.75% expense ratio.

Dividends

FLCOX vs. FLCSX - Dividend Comparison

FLCOX's dividend yield for the trailing twelve months is around 0.87%, less than FLCSX's 8.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCOX Fidelity Large Cap Value Index Fund	0.87%	1.51%	1.92%	1.99%	2.01%	1.55%	2.28%	3.82%	2.79%	0.60%	0.00%	0.00%
FLCSX Fidelity Large Cap Stock Fund	8.92%	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

Can I hold both FLCOX and FLCSX in my portfolio?

FLCOX and FLCSX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCOX or FLCSX?

FLCSX has higher volatility (3.40%) compared to FLCOX (2.92%). In terms of maximum drawdown, FLCOX dropped -38.28% vs FLCSX's -63.67%.

Which has better risk-adjusted returns?

FLCOX currently has the higher Sharpe Ratio (2.59 vs 1.64), 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.