FLCPX vs. CZOVX

Last updated Aug 4, 2026

FLCPX (Fidelity SAI U.S. Large Cap Index Fund) and CZOVX (Zacks All-Cap Core Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FLCPX returned 15.15%/yr vs 13.89%/yr for CZOVX. Their 0.97 correlation means they have historically moved very closely together. FLCPX charges 0.02%/yr vs 1.00%/yr for CZOVX.

Performance

FLCPX vs. CZOVX - 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 Zacks All-Cap Core Fund (CZOVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCPX achieves a 10.14% return, which is significantly lower than CZOVX's 10.76% return. Over the past 10 years, FLCPX has outperformed CZOVX with an annualized return of 15.15%, while CZOVX has yielded a comparatively lower 13.89% annualized return.

FLCPX

• 1D: 0.71%
• 1M: 0.13%
• 6M: 7.96%
• YTD: 10.14%
• 1Y: 21.47%
• 3Y*: 19.44%
• 5Y*: 12.85%
• 10Y*: 15.15%
• ALL TIME*: 16.15%

CZOVX

• 1D: 0.77%
• 1M: -1.09%
• 6M: 7.69%
• YTD: 10.76%
• 1Y: 19.62%
• 3Y*: 18.55%
• 5Y*: 11.95%
• 10Y*: 13.89%
• ALL TIME*: 13.18%

*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)
CZOVX Zacks All-Cap Core Fund	$0.00	$0.00	$0.00
FLCPX Fidelity SAI U.S. Large Cap Index Fund	$0.00	$0.00	$0.00

FLCPX vs. CZOVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCPX Fidelity SAI U.S. Large Cap Index Fund	10.14%	17.84%	25.08%	26.25%	-18.06%	28.61%	18.24%	31.59%	-4.38%	21.74%
CZOVX Zacks All-Cap Core Fund	10.76%	15.61%	24.75%	23.62%	-18.23%	29.23%	15.24%	29.34%	-5.32%	22.01%

Correlation

The correlation between FLCPX and CZOVX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Feb 12, 2016	0.97

The correlation between FLCPX and CZOVX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

FLCPX vs. CZOVX — Risk / Return Rank

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

FLCPX

FLCPX Risk / Return Rank: 59
FLCPX Sharpe Ratio Rank: 56
FLCPX Sortino Ratio Rank: 52
FLCPX Omega Ratio Rank: 52
FLCPX Calmar Ratio Rank: 61
FLCPX Martin Ratio Rank: 74

CZOVX

CZOVX Risk / Return Rank: 50
CZOVX Sharpe Ratio Rank: 44
CZOVX Sortino Ratio Rank: 43
CZOVX Omega Ratio Rank: 40
CZOVX Calmar Ratio Rank: 55
CZOVX Martin Ratio Rank: 68

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.

FLCPX vs. CZOVX - 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 Zacks All-Cap Core Fund (CZOVX). 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.

	FLCPX	CZOVX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.38	+0.16
Sortino ratio: Return per unit of downside risk	2.13	1.95	+0.17
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	2.22	2.12	+0.10
Martin ratio: Return relative to average drawdown	9.50	9.08	+0.43

FLCPX vs. CZOVX - Sharpe Ratio Comparison

The current FLCPX Sharpe Ratio is 1.53, which is comparable to the CZOVX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FLCPX and CZOVX, 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

FLCPX vs. CZOVX - Drawdown Comparison

The maximum FLCPX drawdown since its inception was -33.87%, roughly equal to the maximum CZOVX drawdown of -32.97%. Use the drawdown chart below to compare losses from any high point for FLCPX and CZOVX.

Drawdown Indicators

	FLCPX	CZOVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.87%	-32.97%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.49%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-18.17%	-0.59%
Max Drawdown (5Y) Largest decline over 5 years	-24.40%	-23.68%	-0.72%
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	-32.97%	-0.90%
Current Drawdown Current decline from peak	-1.41%	-2.07%	+0.66%
Average Drawdown Average peak-to-trough decline	-4.15%	-3.96%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.98%	+0.09%

Volatility

FLCPX vs. CZOVX - Volatility Comparison

Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and Zacks All-Cap Core Fund (CZOVX) have volatilities of 3.51% and 3.63%, 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

	FLCPX	CZOVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	3.63%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	10.41%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	13.07%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	16.66%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.17%	17.65%	+0.52%

FLCPX vs. CZOVX - Expense Ratio Comparison

FLCPX has a 0.02% expense ratio, which is lower than CZOVX's 1.00% expense ratio.

Dividends

FLCPX vs. CZOVX - Dividend Comparison

FLCPX's dividend yield for the trailing twelve months is around 0.51%, less than CZOVX's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CZOVX Zacks All-Cap Core Fund	2.08%	2.31%	13.81%	27.08%	12.67%	5.83%	5.45%	9.19%	11.09%	8.16%	7.84%	5.91%
FLCPX Fidelity SAI U.S. Large Cap Index Fund	0.51%	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 CZOVX in my portfolio?

With a correlation of 0.98, FLCPX and CZOVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLCPX or CZOVX?

CZOVX has higher volatility (3.63%) compared to FLCPX (3.51%). In terms of maximum drawdown, FLCPX dropped -33.87% vs CZOVX's -32.97%.

Which has better risk-adjusted returns?

FLCPX currently has the higher Sharpe Ratio (1.53 vs 1.38), 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.