FLUAX vs. FLCOX

Last updated Jun 23, 2026

FLUAX (Fidelity Advisor Stock Selector Large Cap Value Fund Class A) and FLCOX (Fidelity Large Cap Value Index Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 5 years, FLUAX returned 11.57%/yr vs 11.73%/yr for FLCOX. With a 0.98 correlation, they move nearly in lockstep. FLUAX charges 1.06%/yr vs 0.04%/yr for FLCOX.

Performance

FLUAX vs. FLCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector Large Cap Value Fund Class A (FLUAX) and Fidelity Large Cap Value Index Fund (FLCOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLUAX achieves a 9.24% return, which is significantly lower than FLCOX's 15.99% return.

FLUAX

• 1D: 0.30%
• 1M: 1.84%
• YTD: 9.24%
• 6M: 8.71%
• 1Y: 23.11%
• 3Y*: 17.33%
• 5Y*: 11.57%
• 10Y*: 11.08%

FLCOX

• 1D: 0.76%
• 1M: 2.83%
• YTD: 15.99%
• 6M: 15.32%
• 1Y: 30.06%
• 3Y*: 18.03%
• 5Y*: 11.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLUAX vs. FLCOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLUAX Fidelity Advisor Stock Selector Large Cap Value Fund Class A	9.24%	15.63%	16.94%	14.09%	-5.77%	25.27%	3.86%	24.29%	-9.57%	11.95%
FLCOX Fidelity Large Cap Value Index Fund	15.99%	15.90%	14.38%	11.48%	-7.57%	25.09%	2.87%	26.54%	-8.38%	10.90%

Correlation

The correlation between FLUAX and FLCOX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.98

The correlation between FLUAX and FLCOX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

FLUAX vs. FLCOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLUAX

FLUAX Risk / Return Rank: 69
FLUAX Sharpe Ratio Rank: 65
FLUAX Sortino Ratio Rank: 68
FLUAX Omega Ratio Rank: 60
FLUAX Calmar Ratio Rank: 77
FLUAX Martin Ratio Rank: 76

FLCOX

FLCOX Risk / Return Rank: 88
FLCOX Sharpe Ratio Rank: 89
FLCOX Sortino Ratio Rank: 86
FLCOX Omega Ratio Rank: 81
FLCOX Calmar Ratio Rank: 91
FLCOX Martin Ratio Rank: 94

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.

FLUAX vs. FLCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Large Cap Value Fund Class A (FLUAX) and Fidelity Large Cap Value Index Fund (FLCOX). 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.

	FLUAX	FLCOX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.71	-0.53
Sortino ratio: Return per unit of downside risk	3.12	3.78	-0.66
Omega ratio: Gain probability vs. loss probability	1.39	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	3.31	4.47	-1.16
Martin ratio: Return relative to average drawdown	13.34	18.62	-5.28

FLUAX vs. FLCOX - Sharpe Ratio Comparison

The current FLUAX Sharpe Ratio is 2.17, which is comparable to the FLCOX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of FLUAX and FLCOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLUAX vs. FLCOX - Drawdown Comparison

The maximum FLUAX drawdown since its inception was -59.15%, which is greater than FLCOX's maximum drawdown of -38.28%. Use the drawdown chart below to compare losses from any high point for FLUAX and FLCOX.

Drawdown Indicators

	FLUAX	FLCOX	Difference
Max Drawdown Largest peak-to-trough decline	-59.15%	-38.28%	-20.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-6.80%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-15.57%	-15.60%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-19.00%	-0.48%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	—	—
Current Drawdown Current decline from peak	-0.82%	-0.66%	-0.16%
Average Drawdown Average peak-to-trough decline	-9.70%	-4.43%	-5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.63%	+0.12%

Volatility

FLUAX vs. FLCOX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector Large Cap Value Fund Class A (FLUAX) is 3.32%, while Fidelity Large Cap Value Index Fund (FLCOX) has a volatility of 4.03%. This indicates that FLUAX experiences smaller price fluctuations and is considered to be less risky than FLCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLUAX	FLCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	4.03%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	8.65%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	11.24%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	14.88%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	17.63%	+0.10%

FLUAX vs. FLCOX - Expense Ratio Comparison

FLUAX has a 1.06% expense ratio, which is higher than FLCOX's 0.04% expense ratio.

Dividends

FLUAX vs. FLCOX - Dividend Comparison

FLUAX's dividend yield for the trailing twelve months is around 9.03%, more than FLCOX's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCOX Fidelity Large Cap Value Index Fund	1.30%	1.51%	1.92%	1.99%	2.01%	1.55%	2.28%	3.82%	2.79%	0.60%	0.00%	0.00%
FLUAX Fidelity Advisor Stock Selector Large Cap Value Fund Class A	9.03%	7.97%	10.24%	2.27%	8.11%	4.19%	1.94%	1.45%	7.28%	0.79%	1.06%	0.98%

Frequently Asked Questions

Can I hold both FLUAX and FLCOX in my portfolio?

With a correlation of 0.96, FLUAX and FLCOX 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.

Which is riskier, FLUAX or FLCOX?

FLCOX has higher volatility (4.03%) compared to FLUAX (3.32%). In terms of maximum drawdown, FLUAX dropped -59.15% vs FLCOX's -38.28%.

Which has better risk-adjusted returns?

FLCOX currently has the higher Sharpe Ratio (2.71 vs 2.17), 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.