FLCPX vs. GTLOX

Last updated Aug 4, 2026

FLCPX (Fidelity SAI U.S. Large Cap Index Fund) and GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) are both Large Cap Blend Equities funds. Over the past 10 years, FLCPX returned 15.15%/yr vs 12.23%/yr for GTLOX. Their correlation of 0.92 means they have usually moved in the same direction. FLCPX charges 0.02%/yr vs 0.85%/yr for GTLOX.

Performance

FLCPX vs. GTLOX - 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 Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). 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 GTLOX's 21.11% return. Over the past 10 years, FLCPX has outperformed GTLOX with an annualized return of 15.15%, while GTLOX has yielded a comparatively lower 12.23% 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%

GTLOX

• 1D: 0.25%
• 1M: 0.51%
• 6M: 15.82%
• YTD: 21.11%
• 1Y: 38.54%
• 3Y*: 17.60%
• 5Y*: 10.63%
• 10Y*: 12.23%
• ALL TIME*: 10.30%

*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)
FLCPX Fidelity SAI U.S. Large Cap Index Fund	$0.00	$0.00	$0.00
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	$0.00	$0.00	$0.00

FLCPX vs. GTLOX - 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%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	21.11%	14.39%	13.86%	16.66%	-15.37%	27.05%	7.41%	23.27%	-7.97%	24.78%

Correlation

The correlation between FLCPX and GTLOX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Feb 12, 2016	0.92

The correlation between FLCPX and GTLOX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

FLCPX vs. GTLOX — 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

GTLOX

GTLOX Risk / Return Rank: 93
GTLOX Sharpe Ratio Rank: 94
GTLOX Sortino Ratio Rank: 90
GTLOX Omega Ratio Rank: 86
GTLOX Calmar Ratio Rank: 97
GTLOX Martin Ratio Rank: 97

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. GTLOX - 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 Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). 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	GTLOX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.50	-0.97
Sortino ratio: Return per unit of downside risk	2.13	3.39	-1.26
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.22	4.97	-2.76
Martin ratio: Return relative to average drawdown	9.50	20.11	-10.60

FLCPX vs. GTLOX - Sharpe Ratio Comparison

The current FLCPX Sharpe Ratio is 1.53, which is lower than the GTLOX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FLCPX and GTLOX, 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. GTLOX - Drawdown Comparison

The maximum FLCPX drawdown since its inception was -33.87%, smaller than the maximum GTLOX drawdown of -54.09%. Use the drawdown chart below to compare losses from any high point for FLCPX and GTLOX.

Drawdown Indicators

	FLCPX	GTLOX	Difference
Max Drawdown Largest peak-to-trough decline	-33.87%	-54.09%	+20.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-7.47%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-32.85%	+14.09%
Max Drawdown (5Y) Largest decline over 5 years	-24.40%	-32.85%	+8.45%
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	-38.15%	+4.28%
Current Drawdown Current decline from peak	-1.41%	-1.42%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.15%	-8.28%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.86%	+0.21%

Volatility

FLCPX vs. GTLOX - Volatility Comparison

Fidelity SAI U.S. Large Cap Index Fund (FLCPX) has a higher volatility of 3.51% compared to Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) at 3.22%. This indicates that FLCPX's price experiences larger fluctuations and is considered to be riskier than GTLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCPX	GTLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	3.22%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	11.66%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	14.87%	-1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	21.97%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.17%	20.92%	-2.75%

FLCPX vs. GTLOX - Expense Ratio Comparison

FLCPX has a 0.02% expense ratio, which is lower than GTLOX's 0.85% expense ratio.

Dividends

FLCPX vs. GTLOX - Dividend Comparison

FLCPX's dividend yield for the trailing twelve months is around 0.51%, less than GTLOX's 14.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	14.72%	17.84%	25.96%	8.32%	23.58%	13.35%	9.06%	5.35%	10.53%	4.99%	1.08%	2.09%

Frequently Asked Questions

Can I hold both FLCPX and GTLOX in my portfolio?

FLCPX and GTLOX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCPX or GTLOX?

FLCPX has higher volatility (3.51%) compared to GTLOX (3.22%). In terms of maximum drawdown, FLCPX dropped -33.87% vs GTLOX's -54.09%.

Which has better risk-adjusted returns?

GTLOX currently has the higher Sharpe Ratio (2.50 vs 1.53), 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.