FLCPX vs. IVV
Compare and contrast key facts about Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and iShares Core S&P 500 ETF (IVV).
FLCPX is managed by Fidelity. It was launched on Feb 2, 2016. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLCPX or IVV.
Key characteristics
| FLCPX | IVV | |
|---|---|---|
| YTD Return | 17.74% | 19.04% |
| 1Y Return | 25.25% | 26.62% |
| 3Y Return (Ann) | 9.49% | 9.85% |
| 5Y Return (Ann) | 14.92% | 15.18% |
| Sharpe Ratio | 2.05 | 2.19 |
| Daily Std Dev | 12.81% | 12.70% |
| Max Drawdown | -33.87% | -55.25% |
| Current Drawdown | -1.65% | -0.51% |
Correlation
The correlation between FLCPX and IVV 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.
Performance
FLCPX vs. IVV - Performance Comparison
In the year-to-date period, FLCPX achieves a 17.74% return, which is significantly lower than IVV's 19.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLCPX vs. IVV - Expense Ratio Comparison
FLCPX has a 0.02% expense ratio, which is lower than IVV's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLCPX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
FLCPX vs. IVV - Dividend Comparison
FLCPX's dividend yield for the trailing twelve months is around 0.63%, less than IVV's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 0.63% | 7.05% | 11.23% | 10.38% | 3.93% | 1.74% | 2.18% | 1.57% | 0.76% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
FLCPX vs. IVV - Drawdown Comparison
The maximum FLCPX drawdown since its inception was -33.87%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FLCPX and IVV. For additional features, visit the drawdowns tool.
Volatility
FLCPX vs. IVV - Volatility Comparison
Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and iShares Core S&P 500 ETF (IVV) have volatilities of 4.42% and 4.26%, 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.