FLCPX vs. PRBLX
Compare and contrast key facts about Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and Parnassus Core Equity Fund (PRBLX).
FLCPX is managed by Fidelity. It was launched on Feb 2, 2016. PRBLX is managed by Parnassus. It was launched on Aug 31, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLCPX or PRBLX.
Key characteristics
| FLCPX | PRBLX | |
|---|---|---|
| YTD Return | 17.74% | 16.89% |
| 1Y Return | 25.25% | 24.18% |
| 3Y Return (Ann) | 9.49% | 8.08% |
| 5Y Return (Ann) | 14.92% | 14.17% |
| Sharpe Ratio | 2.05 | 2.02 |
| Daily Std Dev | 12.81% | 12.52% |
| Max Drawdown | -33.87% | -42.20% |
| Current Drawdown | -1.65% | 0.00% |
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.
Performance
FLCPX vs. PRBLX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FLCPX having a 17.74% return and PRBLX slightly lower at 16.89%. 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. PRBLX - Expense Ratio Comparison
FLCPX has a 0.02% expense ratio, which is lower than PRBLX's 0.82% expense ratio.
Risk-Adjusted Performance
FLCPX vs. PRBLX - 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 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.
Dividends
FLCPX vs. PRBLX - Dividend Comparison
FLCPX's dividend yield for the trailing twelve months is around 0.63%, less than PRBLX's 5.08% 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% |
PRBLX Parnassus Core Equity Fund | 5.08% | 6.01% | 10.13% | 7.77% | 5.87% | 8.02% | 9.64% | 7.16% | 3.80% | 9.62% | 3.12% | 6.42% |
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. For additional features, visit the drawdowns tool.
Volatility
FLCPX vs. PRBLX - Volatility Comparison
Fidelity SAI U.S. Large Cap Index Fund (FLCPX) has a higher volatility of 4.42% compared to Parnassus Core Equity Fund (PRBLX) at 3.74%. This indicates that FLCPX's price experiences larger fluctuations and is considered to be riskier than PRBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.