FLCPX vs. IVV
FLCPX (Fidelity SAI U.S. Large Cap Index Fund) and IVV (iShares Core S&P 500 ETF) are both funds - FLCPX is a Large Cap Blend Equities fund managed by Fidelity, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FLCPX returned 15.58%/yr vs 15.75%/yr for IVV. With a 0.99 correlation, they move nearly in lockstep. FLCPX charges 0.02%/yr vs 0.03%/yr for IVV.
Performance
FLCPX vs. IVV - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FLCPX having a 10.21% return and IVV slightly lower at 9.76%. Both investments have delivered pretty close results over the past 10 years, with FLCPX having a 15.58% annualized return and IVV not far ahead at 15.75%.
FLCPX
- 1D
- 1.11%
- 1M
- 0.47%
- YTD
- 10.21%
- 6M
- 9.69%
- 1Y
- 27.18%
- 3Y*
- 21.00%
- 5Y*
- 14.11%
- 10Y*
- 15.58%
IVV
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.76%
- 6M
- 9.30%
- 1Y
- 26.83%
- 3Y*
- 21.37%
- 5Y*
- 13.58%
- 10Y*
- 15.75%
FLCPX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 10.21% | 17.84% | 25.08% | 26.25% | -18.06% | 28.61% | 18.24% | 31.59% | -4.38% | 21.74% |
IVV iShares Core S&P 500 ETF | 9.76% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between FLCPX and IVV is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2016 | 0.99 |
The correlation between FLCPX and IVV has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLCPX vs. IVV — Risk / Return Rank
FLCPX
IVV
FLCPX vs. IVV - 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 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.
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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | 13.79 | 13.61 | +0.17 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| FLCPX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.87% | -55.25% | +21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.89% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -18.75% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -24.53% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | -33.90% | +0.03% |
Current DrawdownCurrent decline from peak | -1.35% | -1.74% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -10.76% | +6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.98% | -0.02% |
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 4.76% and 4.67%, 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.
Loading charts...
Volatility by Period
| FLCPX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.67% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 9.75% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 12.41% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 16.97% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 18.10% | +0.10% |
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%.
Dividends
FLCPX vs. IVV - Dividend Comparison
FLCPX's dividend yield for the trailing twelve months is around 0.51%, less than IVV's 1.09% 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% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
With a correlation of 1.00, FLCPX and IVV 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.
FLCPX has higher volatility (4.76%) compared to IVV (4.67%). In terms of maximum drawdown, FLCPX dropped -33.87% vs IVV's -55.25%.
FLCPX currently has the higher Sharpe Ratio (2.18 vs 2.18), 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.
Find the right allocation for FLCPX and IVV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer