FLVCX vs. NDAQ

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Leveraged Company Stock Fund (FLVCX) and Nasdaq, Inc. (NDAQ).

FLVCX is managed by Fidelity. It was launched on Dec 19, 2000.

Performance

FLVCX vs. NDAQ - Performance Comparison

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

FLVCX vs. NDAQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLVCX Fidelity Leveraged Company Stock Fund	-7.01%	20.34%	26.95%	26.10%	-22.99%	26.08%	26.74%	35.60%	-16.43%	20.92%
NDAQ Nasdaq, Inc.	-12.32%	27.19%	34.85%	-3.66%	-11.19%	60.13%	25.99%	33.88%	8.21%	16.76%

Returns By Period

In the year-to-date period, FLVCX achieves a -7.01% return, which is significantly higher than NDAQ's -12.32% return. Over the past 10 years, FLVCX has underperformed NDAQ with an annualized return of 12.73%, while NDAQ has yielded a comparatively higher 16.29% annualized return.

FLVCX

• 1D: -2.55%
• 1M: -11.46%
• YTD: -7.01%
• 6M: -6.89%
• 1Y: 25.63%
• 3Y*: 18.63%
• 5Y*: 9.69%
• 10Y*: 12.73%

NDAQ

• 1D: 1.64%
• 1M: -2.76%
• YTD: -12.32%
• 6M: -3.43%
• 1Y: 13.26%
• 3Y*: 17.43%
• 5Y*: 12.56%
• 10Y*: 16.29%

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

Return for Risk

FLVCX vs. NDAQ — Risk / Return Rank

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

FLVCX

FLVCX Risk / Return Rank: 56
FLVCX Sharpe Ratio Rank: 49
FLVCX Sortino Ratio Rank: 54
FLVCX Omega Ratio Rank: 52
FLVCX Calmar Ratio Rank: 68
FLVCX Martin Ratio Rank: 58

NDAQ

NDAQ Risk / Return Rank: 57
NDAQ Sharpe Ratio Rank: 60
NDAQ Sortino Ratio Rank: 52
NDAQ Omega Ratio Rank: 54
NDAQ Calmar Ratio Rank: 58
NDAQ Martin Ratio Rank: 61

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. NDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) and Nasdaq, Inc. (NDAQ). 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.

	FLVCX	NDAQ	Difference
Sharpe ratio Return per unit of total volatility	0.94	0.50	+0.44
Sortino ratio Return per unit of downside risk	1.44	0.82	+0.63
Omega ratio Gain probability vs. loss probability	1.21	1.12	+0.09
Calmar ratio Return relative to maximum drawdown	1.54	0.68	+0.86
Martin ratio Return relative to average drawdown	5.56	1.80	+3.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLVCX vs. NDAQ - Sharpe Ratio Comparison

The current FLVCX Sharpe Ratio is 0.94, which is higher than the NDAQ Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of FLVCX and NDAQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLVCX	NDAQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.50	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.53	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.68	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.37	+0.13

Correlation

The correlation between FLVCX and NDAQ is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FLVCX vs. NDAQ - Dividend Comparison

FLVCX's dividend yield for the trailing twelve months is around 5.08%, more than NDAQ's 1.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLVCX Fidelity Leveraged Company Stock Fund	5.08%	4.72%	14.53%	12.19%	18.49%	8.40%	0.11%	0.10%	19.91%	18.96%	27.48%	6.18%
NDAQ Nasdaq, Inc.	1.27%	1.08%	1.22%	1.48%	1.27%	1.00%	1.46%	1.73%	2.08%	1.90%	1.80%	1.55%

Drawdowns

FLVCX vs. NDAQ - Drawdown Comparison

The maximum FLVCX drawdown since its inception was -70.02%, roughly equal to the maximum NDAQ drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for FLVCX and NDAQ.

Drawdown Indicators

	FLVCX	NDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-70.02%	-68.48%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-14.31%	-21.76%	+7.45%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-32.84%	+4.30%
Max Drawdown (10Y) Largest decline over 10 years	-44.14%	-38.31%	-5.83%
Current Drawdown Current decline from peak	-13.06%	-15.67%	+2.61%
Average Drawdown Average peak-to-trough decline	-11.06%	-23.91%	+12.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	8.18%	-4.23%

Volatility

FLVCX vs. NDAQ - Volatility Comparison

Fidelity Leveraged Company Stock Fund (FLVCX) has a higher volatility of 8.24% compared to Nasdaq, Inc. (NDAQ) at 6.76%. This indicates that FLVCX's price experiences larger fluctuations and is considered to be riskier than NDAQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLVCX	NDAQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	6.76%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	16.09%	19.28%	-3.19%
Volatility (1Y) Calculated over the trailing 1-year period	27.02%	26.65%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	23.67%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.22%	24.11%	-0.89%