FLCOX vs. SWLVX

Last updated Apr 3, 2026

Compare and contrast key facts about Fidelity Large Cap Value Index Fund (FLCOX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX).

FLCOX is a passively managed fund by Fidelity that tracks the performance of the Russell 1000 Value Index. It was launched on Jun 7, 2016. SWLVX is managed by Charles Schwab. It was launched on Dec 20, 2017.

Performance

FLCOX vs. SWLVX - Performance Comparison

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

FLCOX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCOX Fidelity Large Cap Value Index Fund	2.61%	15.90%	14.38%	11.48%	-7.57%	25.09%	2.87%	26.54%	-8.38%	-0.95%
SWLVX Schwab U.S. Large-Cap Value Index Fund	2.64%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Returns By Period

The year-to-date returns for both investments are quite close, with FLCOX having a 2.61% return and SWLVX slightly higher at 2.64%.

FLCOX

• 1D: 0.52%
• 1M: -2.93%
• YTD: 2.61%
• 6M: 6.31%
• 1Y: 15.79%
• 3Y*: 14.50%
• 5Y*: 9.32%
• 10Y*: —

SWLVX

• 1D: 0.54%
• 1M: -2.85%
• YTD: 2.64%
• 6M: 6.34%
• 1Y: 15.80%
• 3Y*: 14.50%
• 5Y*: 9.32%
• 10Y*: —

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

FLCOX vs. SWLVX - Expense Ratio Comparison

Both FLCOX and SWLVX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

FLCOX

Fidelity Large Cap Value Index Fund

SWLVX

Schwab U.S. Large-Cap Value Index Fund

Return for Risk

FLCOX vs. SWLVX — Risk / Return Rank

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

FLCOX

FLCOX Risk / Return Rank: 47
FLCOX Sharpe Ratio Rank: 47
FLCOX Sortino Ratio Rank: 46
FLCOX Omega Ratio Rank: 47
FLCOX Calmar Ratio Rank: 42
FLCOX Martin Ratio Rank: 55

SWLVX

SWLVX Risk / Return Rank: 47
SWLVX Sharpe Ratio Rank: 47
SWLVX Sortino Ratio Rank: 45
SWLVX Omega Ratio Rank: 48
SWLVX Calmar Ratio Rank: 42
SWLVX Martin Ratio Rank: 55

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.

FLCOX vs. SWLVX - Risk-Adjusted Trends Comparison

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

	FLCOX	SWLVX	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.06	0.00
Sortino ratio Return per unit of downside risk	1.53	1.53	0.00
Omega ratio Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio Return relative to maximum drawdown	1.40	1.40	0.00
Martin ratio Return relative to average drawdown	6.54	6.53	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCOX vs. SWLVX - Sharpe Ratio Comparison

The current FLCOX Sharpe Ratio is 1.06, which is comparable to the SWLVX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FLCOX and SWLVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLCOX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.06	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.63	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.50	+0.04

Correlation

The correlation between FLCOX and SWLVX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FLCOX vs. SWLVX - Dividend Comparison

FLCOX's dividend yield for the trailing twelve months is around 1.47%, less than SWLVX's 1.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCOX Fidelity Large Cap Value Index Fund	1.47%	1.51%	1.92%	1.99%	2.01%	1.55%	2.28%	3.82%	2.79%	0.60%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.97%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%

Drawdowns

FLCOX vs. SWLVX - Drawdown Comparison

The maximum FLCOX drawdown since its inception was -38.28%, roughly equal to the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for FLCOX and SWLVX.

Drawdown Indicators

	FLCOX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-38.28%	-38.34%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-7.96%	-7.97%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-19.05%	+0.05%
Current Drawdown Current decline from peak	-4.32%	-4.30%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.52%	-4.93%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.52%	0.00%

Volatility

FLCOX vs. SWLVX - Volatility Comparison

Fidelity Large Cap Value Index Fund (FLCOX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 4.29% and 4.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCOX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.37%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	8.31%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.72%	15.72%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	14.84%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	18.67%	-0.94%