FLCPX vs. SPY
Compare and contrast key facts about Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and State Street SPDR S&P 500 ETF (SPY).
FLCPX is managed by Fidelity. It was launched on Feb 2, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FLCPX vs. SPY - Performance Comparison
Loading graphics...
FLCPX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FLCPX achieves a -7.05% return, which is significantly lower than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with FLCPX having a 13.75% annualized return and SPY not far ahead at 13.98%.
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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLCPX vs. SPY - Expense Ratio Comparison
FLCPX has a 0.02% expense ratio, which is lower than SPY's 0.09% 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%.
Return for Risk
FLCPX vs. SPY — Risk / Return Rank
FLCPX
SPY
FLCPX vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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.
| FLCPX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.93 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.45 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.53 | -0.53 |
Martin ratioReturn relative to average drawdown | 4.86 | 7.30 | -2.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FLCPX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.93 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.56 | +0.26 |
Correlation
The correlation between FLCPX and SPY is 0.99, 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. SPY - Dividend Comparison
FLCPX's dividend yield for the trailing twelve months is around 0.60%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FLCPX vs. SPY - Drawdown Comparison
The maximum FLCPX drawdown since its inception was -33.87%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLCPX and SPY.
Loading graphics...
Drawdown Indicators
| FLCPX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.87% | -55.19% | +21.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -12.05% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -24.50% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | -33.72% | -0.15% |
Current DrawdownCurrent decline from peak | -8.89% | -6.24% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -9.09% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.52% | +0.04% |
Volatility
FLCPX vs. SPY - Volatility Comparison
The current volatility for Fidelity SAI U.S. Large Cap Index Fund (FLCPX) is 4.24%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FLCPX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FLCPX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.31% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 9.47% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 19.05% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 17.06% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 17.92% | +0.20% |