FLCPX vs. BFSAX

Last updated Jun 4, 2026

FLCPX (Fidelity SAI U.S. Large Cap Index Fund) and BFSAX (BFS Equity Fund) are both Large Cap Blend Equities funds. Their correlation of 0.82 suggests significant overlap in exposure. FLCPX charges 0.02%/yr vs 1.25%/yr for BFSAX.

Performance

FLCPX vs. BFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and BFS Equity Fund (BFSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLCPX

• 1D: 0.13%
• 1M: 5.81%
• YTD: 11.72%
• 6M: 11.75%
• 1Y: 28.98%
• 3Y*: 22.78%
• 5Y*: 14.29%
• 10Y*: 15.67%

BFSAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCPX vs. BFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCPX Fidelity SAI U.S. Large Cap Index Fund	11.72%	17.84%	25.08%	26.25%	-18.06%	28.61%	18.24%	31.59%	-4.38%	21.74%
BFSAX BFS Equity Fund	0.00%	0.00%	0.00%	8.75%	-18.53%	24.95%	10.46%	32.88%	-2.96%	20.97%

Correlation

The correlation between FLCPX and BFSAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 16, 2016	0.82

The correlation between FLCPX and BFSAX shifts across timeframes, from 0.33 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLCPX vs. BFSAX — Risk / Return Rank

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

FLCPX

FLCPX Risk / Return Rank: 74
FLCPX Sharpe Ratio Rank: 76
FLCPX Sortino Ratio Rank: 68
FLCPX Omega Ratio Rank: 67
FLCPX Calmar Ratio Rank: 74
FLCPX Martin Ratio Rank: 83

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.

FLCPX vs. BFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and BFS Equity Fund (BFSAX). 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.

	FLCPX	BFSAX	Difference
Sharpe ratio Return per unit of total volatility	2.53	—	—
Sortino ratio Return per unit of downside risk	3.44	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	3.38	—	—
Martin ratio Return relative to average drawdown	15.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLCPX	BFSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	—	—

Drawdowns

Drawdown Indicators

	FLCPX	BFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	FLCPX	BFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.06%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	—	—

FLCPX vs. BFSAX - Expense Ratio Comparison

FLCPX has a 0.02% expense ratio, which is lower than BFSAX's 1.25% expense ratio.

Dividends

FLCPX vs. BFSAX - Dividend Comparison

FLCPX's dividend yield for the trailing twelve months is around 0.50%, while BFSAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFSAX BFS Equity Fund	0.00%	0.00%	0.00%	0.00%	1.14%	9.63%	1.50%	1.69%	3.63%	0.32%	0.45%	0.30%
FLCPX Fidelity SAI U.S. Large Cap Index Fund	0.50%	0.56%	6.11%	7.05%	11.23%	10.38%	3.93%	1.74%	2.18%	1.57%	0.76%	0.00%

Frequently Asked Questions

Can I hold both FLCPX and BFSAX in my portfolio?

FLCPX and BFSAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.