FLVCX vs. FLCKX

Last updated Jun 24, 2026

FLVCX (Fidelity Leveraged Company Stock Fund) and FLCKX (Fidelity Leveraged Company Stock Fund Class K) are both Large Cap Blend Equities funds from Fidelity. Over the past 10 years, FLVCX returned 16.53%/yr vs 16.64%/yr for FLCKX. With a 1.00 correlation, they move nearly in lockstep. FLVCX charges 0.74%/yr vs 0.65%/yr for FLCKX.

Performance

FLVCX vs. FLCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Leveraged Company Stock Fund (FLVCX) and Fidelity Leveraged Company Stock Fund Class K (FLCKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FLVCX having a 26.99% return and FLCKX slightly higher at 27.04%. Both investments have delivered pretty close results over the past 10 years, with FLVCX having a 16.53% annualized return and FLCKX not far ahead at 16.64%.

FLVCX

• 1D: 1.44%
• 1M: 9.26%
• YTD: 26.99%
• 6M: 25.31%
• 1Y: 44.76%
• 3Y*: 29.79%
• 5Y*: 15.32%
• 10Y*: 16.53%

FLCKX

• 1D: 1.44%
• 1M: 9.27%
• YTD: 27.04%
• 6M: 25.37%
• 1Y: 44.85%
• 3Y*: 29.90%
• 5Y*: 15.42%
• 10Y*: 16.64%

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

FLVCX vs. FLCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLVCX Fidelity Leveraged Company Stock Fund	26.99%	20.34%	26.95%	26.10%	-22.99%	26.08%	26.74%	35.60%	-16.43%	20.92%
FLCKX Fidelity Leveraged Company Stock Fund Class K	27.04%	20.45%	27.06%	26.21%	-22.91%	26.19%	26.85%	35.76%	-16.34%	20.95%

Correlation

The correlation between FLVCX and FLCKX 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	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 9, 2008	1.00

The correlation between FLVCX and FLCKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FLVCX vs. FLCKX — Risk / Return Rank

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

FLVCX

FLVCX Risk / Return Rank: 63
FLVCX Sharpe Ratio Rank: 59
FLVCX Sortino Ratio Rank: 49
FLVCX Omega Ratio Rank: 51
FLVCX Calmar Ratio Rank: 82
FLVCX Martin Ratio Rank: 73

FLCKX

FLCKX Risk / Return Rank: 63
FLCKX Sharpe Ratio Rank: 60
FLCKX Sortino Ratio Rank: 49
FLCKX Omega Ratio Rank: 51
FLCKX Calmar Ratio Rank: 82
FLCKX Martin Ratio Rank: 74

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.

FLVCX vs. FLCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) and Fidelity Leveraged Company Stock Fund Class K (FLCKX). 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.

	FLVCX	FLCKX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.10	-0.01
Sortino ratio: Return per unit of downside risk	2.70	2.71	-0.01
Omega ratio: Gain probability vs. loss probability	1.36	1.36	0.00
Calmar ratio: Return relative to maximum drawdown	3.56	3.59	-0.04
Martin ratio: Return relative to average drawdown	12.93	13.05	-0.11

FLVCX vs. FLCKX - Sharpe Ratio Comparison

The current FLVCX Sharpe Ratio is 2.09, which is comparable to the FLCKX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FLVCX and FLCKX, 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

FLVCX vs. FLCKX - Drawdown Comparison

The maximum FLVCX drawdown since its inception was -70.02%, roughly equal to the maximum FLCKX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for FLVCX and FLCKX.

Drawdown Indicators

	FLVCX	FLCKX	Difference
Max Drawdown Largest peak-to-trough decline	-70.02%	-69.99%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-13.03%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-28.54%	-28.52%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-28.52%	-0.02%
Max Drawdown (10Y) Largest decline over 10 years	-44.14%	-44.10%	-0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.98%	-12.39%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	3.57%	+0.02%

Volatility

FLVCX vs. FLCKX - Volatility Comparison

Fidelity Leveraged Company Stock Fund (FLVCX) and Fidelity Leveraged Company Stock Fund Class K (FLCKX) have volatilities of 9.08% and 9.06%, 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.

Volatility by Period

	FLVCX	FLCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	9.06%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	18.05%	18.28%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	22.29%	22.29%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.07%	23.09%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	23.52%	-0.01%

FLVCX vs. FLCKX - Expense Ratio Comparison

FLVCX has a 0.74% expense ratio, which is higher than FLCKX's 0.65% expense ratio.

Dividends

FLVCX vs. FLCKX - Dividend Comparison

FLVCX's dividend yield for the trailing twelve months is around 3.72%, which matches FLCKX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCKX Fidelity Leveraged Company Stock Fund Class K	3.69%	4.69%	14.54%	12.22%	18.51%	8.45%	0.19%	0.14%	19.95%	18.97%	27.57%	6.18%
FLVCX Fidelity Leveraged Company Stock Fund	3.72%	4.72%	14.53%	12.19%	18.49%	8.40%	0.11%	0.10%	19.91%	18.96%	27.48%	6.18%

Frequently Asked Questions

Can I hold both FLVCX and FLCKX in my portfolio?

With a correlation of 1.00, FLVCX and FLCKX 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, FLVCX or FLCKX?

FLVCX has higher volatility (9.08%) compared to FLCKX (9.06%). In terms of maximum drawdown, FLVCX dropped -70.02% vs FLCKX's -69.99%.

Which has better risk-adjusted returns?

FLCKX currently has the higher Sharpe Ratio (2.10 vs 2.09), 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.