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FLCPX vs. PRBLX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FLCPX vs. PRBLX - 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 Parnassus Core Equity Fund (PRBLX). The values are adjusted to include any dividend payments, if applicable.

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FLCPX vs. PRBLX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FLCPX
Fidelity SAI U.S. Large Cap Index Fund
-7.05%17.84%25.08%26.25%-18.06%28.61%18.24%31.59%-4.38%21.74%
PRBLX
Parnassus Core Equity Fund
-8.62%11.67%18.58%24.97%-18.64%27.59%21.21%30.68%-0.30%16.63%

Returns By Period

In the year-to-date period, FLCPX achieves a -7.05% return, which is significantly higher than PRBLX's -8.62% return. Over the past 10 years, FLCPX has outperformed PRBLX with an annualized return of 13.75%, while PRBLX has yielded a comparatively lower 11.97% annualized return.


FLCPX

1D
-0.39%
1M
-7.70%
YTD
-7.05%
6M
-4.58%
1Y
14.45%
3Y*
17.20%
5Y*
11.42%
10Y*
13.75%

PRBLX

1D
0.02%
1M
-8.59%
YTD
-8.62%
6M
-7.14%
1Y
4.60%
3Y*
12.03%
5Y*
7.94%
10Y*
11.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FLCPX vs. PRBLX - Expense Ratio Comparison

FLCPX has a 0.02% expense ratio, which is lower than PRBLX's 0.82% expense ratio.


Return for Risk

FLCPX vs. PRBLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLCPX
FLCPX Risk / Return Rank: 4444
Overall Rank
FLCPX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FLCPX Sortino Ratio Rank: 4545
Sortino Ratio Rank
FLCPX Omega Ratio Rank: 4949
Omega Ratio Rank
FLCPX Calmar Ratio Rank: 3838
Calmar Ratio Rank
FLCPX Martin Ratio Rank: 4949
Martin Ratio Rank

PRBLX
PRBLX Risk / Return Rank: 1212
Overall Rank
PRBLX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
PRBLX Sortino Ratio Rank: 1313
Sortino Ratio Rank
PRBLX Omega Ratio Rank: 1313
Omega Ratio Rank
PRBLX Calmar Ratio Rank: 1111
Calmar Ratio Rank
PRBLX Martin Ratio Rank: 1111
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLCPX vs. PRBLX - 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 Parnassus Core Equity Fund (PRBLX). 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.


FLCPXPRBLXDifference

Sharpe ratio

Return per unit of total volatility

0.84

0.30

+0.54

Sortino ratio

Return per unit of downside risk

1.30

0.55

+0.75

Omega ratio

Gain probability vs. loss probability

1.20

1.08

+0.12

Calmar ratio

Return relative to maximum drawdown

1.00

0.24

+0.76

Martin ratio

Return relative to average drawdown

4.86

0.86

+3.99

FLCPX vs. PRBLX - Sharpe Ratio Comparison

The current FLCPX Sharpe Ratio is 0.84, which is higher than the PRBLX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of FLCPX and PRBLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FLCPXPRBLXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.30

+0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.49

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.70

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.69

+0.14

Correlation

The correlation between FLCPX and PRBLX is 0.95, 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.


Dividends

FLCPX vs. PRBLX - Dividend Comparison

FLCPX's dividend yield for the trailing twelve months is around 0.60%, less than PRBLX's 20.83% yield.


TTM20252024202320222021202020192018201720162015
FLCPX
Fidelity SAI U.S. Large Cap Index Fund
0.60%0.56%6.11%7.05%11.23%10.38%3.93%1.74%2.18%1.57%0.76%0.00%
PRBLX
Parnassus Core Equity Fund
20.83%19.08%10.00%6.01%10.13%7.77%5.87%8.02%9.64%7.16%3.80%9.62%

Drawdowns

FLCPX vs. PRBLX - Drawdown Comparison

The maximum FLCPX drawdown since its inception was -33.87%, smaller than the maximum PRBLX drawdown of -42.20%. Use the drawdown chart below to compare losses from any high point for FLCPX and PRBLX.


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Drawdown Indicators


FLCPXPRBLXDifference

Max Drawdown

Largest peak-to-trough decline

-33.87%

-42.20%

+8.33%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-11.63%

-0.51%

Max Drawdown (5Y)

Largest decline over 5 years

-24.40%

-26.31%

+1.91%

Max Drawdown (10Y)

Largest decline over 10 years

-33.87%

-30.09%

-3.78%

Current Drawdown

Current decline from peak

-8.89%

-11.61%

+2.72%

Average Drawdown

Average peak-to-trough decline

-4.24%

-4.06%

-0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

3.17%

-0.61%

Volatility

FLCPX vs. PRBLX - Volatility Comparison

Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and Parnassus Core Equity Fund (PRBLX) have volatilities of 4.24% and 4.09%, 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.


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Volatility by Period


FLCPXPRBLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

4.09%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

8.57%

+0.52%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

16.68%

+1.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.03%

16.19%

+0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.12%

17.22%

+0.90%