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.
Performance
FLCPX vs. PRBLX - Performance Comparison
Returns By Period
In the year-to-date period, FLCPX achieves a 25.03% return, which is significantly higher than PRBLX's 19.55% return.
FLCPX
25.03%
0.58%
11.72%
32.37%
15.49%
N/A
PRBLX
19.55%
-0.68%
8.72%
26.37%
6.74%
5.79%
Key characteristics
| FLCPX | PRBLX | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.17 |
| Sortino Ratio | 3.53 | 2.95 |
| Omega Ratio | 1.49 | 1.40 |
| Calmar Ratio | 3.84 | 1.24 |
| Martin Ratio | 17.31 | 14.08 |
| Ulcer Index | 1.88% | 1.86% |
| Daily Std Dev | 12.29% | 12.09% |
| Max Drawdown | -33.87% | -45.76% |
| Current Drawdown | -1.77% | -2.16% |
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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.
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.
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 1.24%, more than PRBLX's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 1.24% | 1.62% | 1.94% | 1.50% | 1.79% | 1.74% | 2.10% | 1.34% | 0.76% | 0.00% | 0.00% | 0.00% |
PRBLX Parnassus Core Equity Fund | 0.37% | 0.57% | 0.49% | 0.83% | 0.57% | 0.73% | 1.14% | 1.30% | 1.02% | 2.17% | 1.46% | 1.32% |
Drawdowns
FLCPX vs. PRBLX - Drawdown Comparison
The maximum FLCPX drawdown since its inception was -33.87%, smaller than the maximum PRBLX drawdown of -45.76%. 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) and Parnassus Core Equity Fund (PRBLX) have volatilities of 4.06% and 4.08%, 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.