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FLCPX vs. VAB.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FLCPX vs. VAB.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity SAI U.S. Large Cap Index Fund (FLCPX) and Vanguard Canadian Aggregate Bond Index ETF (VAB.TO).

FLCPX is managed by Fidelity. It was launched on Feb 2, 2016. VAB.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. It was launched on Nov 30, 2011.

Performance

FLCPX vs. VAB.TO - 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 Vanguard Canadian Aggregate Bond Index ETF (VAB.TO). The values are adjusted to include any dividend payments, if applicable.

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FLCPX vs. VAB.TO - 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%
VAB.TO
Vanguard Canadian Aggregate Bond Index ETF		-1.15%7.18%-4.23%9.33%-17.76%-2.17%10.43%12.10%-6.73%9.37%
Different Trading Currencies

FLCPX is traded in USD, while VAB.TO is traded in CAD. To make them comparable, the VAB.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLCPX achieves a -7.05% return, which is significantly lower than VAB.TO's -1.15% return. Over the past 10 years, FLCPX has outperformed VAB.TO with an annualized return of 13.75%, while VAB.TO has yielded a comparatively lower 0.86% 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%

VAB.TO

1D
0.37%
1M
-3.84%
YTD
-1.15%
6M
-0.20%
1Y
4.05%
3Y*
2.30%
5Y*
-1.53%
10Y*
0.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity SAI U.S. Large Cap Index Fund

Vanguard Canadian Aggregate Bond Index ETF

Often compared with FLCPX:
FLCPX vs. VOOFLCPX vs. FXAIXFLCPX vs. FPURXFLCPX vs. SPYFLCPX vs. SNXFXFLCPX vs. VTSAXFLCPX vs. IVV
Often compared with VAB.TO:
VAB.TO vs. ZAG.TOVAB.TO vs. XBB.TOVAB.TO vs. XCB.TOVAB.TO vs. VFV.TOVAB.TO vs. VSB.TOVAB.TO vs. VEQT.TOVAB.TO vs. TLT

FLCPX vs. VAB.TO - Expense Ratio Comparison

FLCPX has a 0.02% expense ratio, which is lower than VAB.TO'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%.

VAB.TO
Vanguard Canadian Aggregate Bond Index ETF
FLCPX
Fidelity SAI U.S. Large Cap Index Fund

Return for Risk

FLCPX vs. VAB.TO — 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
VAB.TO
VAB.TO Risk / Return Rank: 1616
Overall Rank
VAB.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
VAB.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
VAB.TO Omega Ratio Rank: 1313
Omega Ratio Rank
VAB.TO Calmar Ratio Rank: 1919
Calmar Ratio Rank
VAB.TO Martin Ratio Rank: 1717
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. VAB.TO - 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 Vanguard Canadian Aggregate Bond Index ETF (VAB.TO). 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.

FLCPXVAB.TODifference

Sharpe ratio

Return per unit of total volatility

0.84

0.60

+0.24

Sortino ratio

Return per unit of downside risk

1.30

0.89

+0.41

Omega ratio

Gain probability vs. loss probability

1.20

1.10

+0.09

Calmar ratio

Return relative to maximum drawdown

1.00

0.89

+0.11

Martin ratio

Return relative to average drawdown

4.86

2.55

+2.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCPX vs. VAB.TO - Sharpe Ratio Comparison

The current FLCPX Sharpe Ratio is 0.84, which is higher than the VAB.TO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of FLCPX and VAB.TO, 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

FLCPXVAB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.60

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

-0.16

+0.84

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.09

+0.67

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

-0.00

+0.83

Correlation

The correlation between FLCPX and VAB.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLCPX vs. VAB.TO - Dividend Comparison

FLCPX's dividend yield for the trailing twelve months is around 0.60%, less than VAB.TO's 3.33% 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%
VAB.TO
Vanguard Canadian Aggregate Bond Index ETF		3.33%3.33%3.19%2.95%2.87%2.48%2.50%2.65%2.79%2.77%2.75%2.78%

Drawdowns

FLCPX vs. VAB.TO - Drawdown Comparison

The maximum FLCPX drawdown since its inception was -33.87%, which is greater than VAB.TO's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for FLCPX and VAB.TO.

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Drawdown Indicators

FLCPXVAB.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.87%

-18.39%

-15.48%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-2.86%

-9.28%

Max Drawdown (5Y)

Largest decline over 5 years

-24.40%

-15.82%

-8.58%

Max Drawdown (10Y)

Largest decline over 10 years

-33.87%

-18.39%

-15.48%

Current Drawdown

Current decline from peak

-8.89%

-3.36%

-5.53%

Average Drawdown

Average peak-to-trough decline

-4.24%

-4.13%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

1.41%

+1.15%

Volatility

FLCPX vs. VAB.TO - Volatility Comparison

Fidelity SAI U.S. Large Cap Index Fund (FLCPX) has a higher volatility of 4.24% compared to Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) at 2.32%. This indicates that FLCPX's price experiences larger fluctuations and is considered to be riskier than VAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLCPXVAB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

2.32%

+1.92%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

4.24%

+4.85%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

6.77%

+11.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.03%

9.37%

+7.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.12%

9.40%

+8.72%