FLCPX vs. SNXFX
FLCPX (Fidelity SAI U.S. Large Cap Index Fund) and SNXFX (Schwab 1000 Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FLCPX returned 15.58%/yr vs 15.23%/yr for SNXFX. With a 0.99 correlation, they move nearly in lockstep. FLCPX charges 0.02%/yr vs 0.05%/yr for SNXFX.
Performance
FLCPX vs. SNXFX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FLCPX having a 10.21% return and SNXFX slightly higher at 10.52%. Both investments have delivered pretty close results over the past 10 years, with FLCPX having a 15.58% annualized return and SNXFX not far behind at 15.23%.
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%
SNXFX
- 1D
- 1.13%
- 1M
- 0.82%
- YTD
- 10.52%
- 6M
- 9.76%
- 1Y
- 27.01%
- 3Y*
- 20.85%
- 5Y*
- 13.28%
- 10Y*
- 15.23%
FLCPX vs. SNXFX - 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% |
SNXFX Schwab 1000 Index Fund | 10.52% | 17.23% | 24.46% | 26.53% | -19.46% | 26.10% | 20.71% | 31.43% | -5.04% | 21.71% |
Correlation
The correlation between FLCPX and SNXFX 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 | 0.98 |
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 SNXFX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
FLCPX vs. SNXFX — Risk / Return Rank
FLCPX
SNXFX
FLCPX vs. SNXFX - 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 Schwab 1000 Index Fund (SNXFX). 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 | SNXFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.00 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.79 | 13.44 | +0.35 |
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Drawdowns
FLCPX vs. SNXFX - Drawdown Comparison
The maximum FLCPX drawdown since its inception was -33.87%, smaller than the maximum SNXFX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FLCPX and SNXFX.
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Drawdown Indicators
| FLCPX | SNXFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.87% | -55.08% | +21.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.94% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -19.21% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -25.36% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | -34.58% | +0.71% |
Current DrawdownCurrent decline from peak | -1.35% | -1.23% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -8.75% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.99% | -0.03% |
Volatility
FLCPX vs. SNXFX - Volatility Comparison
Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and Schwab 1000 Index Fund (SNXFX) have volatilities of 4.76% and 4.92%, 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
| FLCPX | SNXFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.92% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 10.09% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 12.76% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 17.41% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 18.78% | -0.58% |
FLCPX vs. SNXFX - Expense Ratio Comparison
FLCPX has a 0.02% expense ratio, which is lower than SNXFX's 0.05% 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. SNXFX - Dividend Comparison
FLCPX's dividend yield for the trailing twelve months is around 0.51%, less than SNXFX's 1.32% 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% |
SNXFX Schwab 1000 Index Fund | 1.32% | 1.45% | 1.23% | 1.41% | 1.61% | 1.74% | 2.76% | 3.01% | 6.49% | 4.23% | 3.41% | 6.31% |
Frequently Asked Questions
With a correlation of 1.00, FLCPX and SNXFX 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.
SNXFX has higher volatility (4.92%) compared to FLCPX (4.76%). In terms of maximum drawdown, FLCPX dropped -33.87% vs SNXFX's -55.08%.
FLCPX currently has the higher Sharpe Ratio (2.18 vs 2.11), 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.
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