FLCPX vs. FCUEX
FLCPX (Fidelity SAI U.S. Large Cap Index Fund) and FCUEX (Fiera Capital U.S. Equity Long-Term Quality Fund) are both mutual funds - FLCPX is a Large Cap Blend Equities fund managed by Fidelity, while FCUEX is a Quality Factor fund managed by Fiera Capital. Over the past 5 years, FLCPX returned 12.85%/yr vs 6.58%/yr for FCUEX. Their correlation of 0.88 means they have usually moved in the same direction. FLCPX charges 0.02%/yr vs 1.00%/yr for FCUEX.
Performance
FLCPX vs. FCUEX - Performance Comparison
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Returns By Period
In the year-to-date period, FLCPX achieves a 10.14% return, which is significantly higher than FCUEX's 2.67% 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%
FCUEX
- 1D
- 1.51%
- 1M
- -0.38%
- 6M
- -0.38%
- YTD
- 2.67%
- 1Y
- 7.12%
- 3Y*
- 8.35%
- 5Y*
- 6.58%
- 10Y*
- —
- ALL TIME*
- 12.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FLCPX vs. FCUEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 10.14% | 17.84% | 25.08% | 26.25% | -18.06% | 28.61% | 18.24% | 9.71% |
FCUEX Fiera Capital U.S. Equity Long-Term Quality Fund | 2.67% | 7.63% | 10.98% | 21.73% | -15.78% | 32.94% | 23.14% | 9.69% |
Correlation
The correlation between FLCPX and FCUEX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.88 |
The correlation between FLCPX and FCUEX shifts across timeframes, from 0.71 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLCPX vs. FCUEX — Risk / Return Rank
FLCPX
FCUEX
FLCPX vs. FCUEX - 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 Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX). 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 | FCUEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.10 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 0.55 | +1.67 |
| Martin ratioReturn relative to average drawdown | 9.50 | 1.73 | +7.78 |
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Drawdowns
FLCPX vs. FCUEX - Drawdown Comparison
The maximum FLCPX drawdown since its inception was -33.87%, roughly equal to the maximum FCUEX drawdown of -33.02%. Use the drawdown chart below to compare losses from any high point for FLCPX and FCUEX.
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Drawdown Indicators
| FLCPX | FCUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.87% | -33.02% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -11.33% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -14.54% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -25.24% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.20% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -5.28% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.60% | -1.53% |
Volatility
FLCPX vs. FCUEX - Volatility Comparison
The current volatility for Fidelity SAI U.S. Large Cap Index Fund (FLCPX) is 3.51%, while Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) has a volatility of 3.96%. This indicates that FLCPX experiences smaller price fluctuations and is considered to be less risky than FCUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCPX | FCUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.96% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 9.59% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 11.93% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 15.71% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 19.28% | -1.11% |
FLCPX vs. FCUEX - Expense Ratio Comparison
FLCPX has a 0.02% expense ratio, which is lower than FCUEX's 1.00% expense ratio.
Dividends
FLCPX vs. FCUEX - Dividend Comparison
FLCPX's dividend yield for the trailing twelve months is around 0.51%, less than FCUEX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCUEX Fiera Capital U.S. Equity Long-Term Quality Fund | 0.92% | 0.94% | 1.34% | 0.29% | 3.47% | 0.86% | 1.20% | 0.26% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
FLCPX and FCUEX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCUEX has higher volatility (3.96%) compared to FLCPX (3.51%). In terms of maximum drawdown, FLCPX dropped -33.87% vs FCUEX's -33.02%.
FLCPX currently has the higher Sharpe Ratio (1.53 vs 0.52), 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.
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