FLVCX vs. SOPAX

Last updated Aug 4, 2026

FLVCX (Fidelity Leveraged Company Stock Fund) and SOPAX (ClearBridge Dividend Strategy Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FLVCX returned 14.91%/yr vs 12.08%/yr for SOPAX. Their correlation of 0.82 means they have usually moved in the same direction. FLVCX charges 0.74%/yr vs 1.02%/yr for SOPAX.

Performance

FLVCX vs. SOPAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FLVCX achieves a 14.11% return, which is significantly higher than SOPAX's 9.87% return. Over the past 10 years, FLVCX has outperformed SOPAX with an annualized return of 14.91%, while SOPAX has yielded a comparatively lower 12.08% annualized return.

FLVCX

• 1D: 1.95%
• 1M: -3.39%
• 6M: 10.10%
• YTD: 14.11%
• 1Y: 20.33%
• 3Y*: 21.85%
• 5Y*: 12.62%
• 10Y*: 14.91%
• ALL TIME*: 12.88%

SOPAX

• 1D: 0.03%
• 1M: 1.12%
• 6M: 6.41%
• YTD: 9.87%
• 1Y: 17.50%
• 3Y*: 14.15%
• 5Y*: 10.52%
• 10Y*: 12.08%
• ALL TIME*: 13.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLVCX Fidelity Leveraged Company Stock Fund	$0.00	$0.00	$0.00
SOPAX ClearBridge Dividend Strategy Fund	$0.00	$0.00	$0.00

FLVCX vs. SOPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLVCX Fidelity Leveraged Company Stock Fund	14.11%	20.34%	26.95%	26.10%	-22.99%	26.08%	26.74%	35.60%	-16.43%	20.92%
SOPAX ClearBridge Dividend Strategy Fund	9.87%	12.27%	16.77%	14.13%	-8.41%	26.36%	7.62%	30.97%	-5.18%	18.58%

Correlation

The correlation between FLVCX and SOPAX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Dec 19, 2000	0.82

Over the past year, the correlation between FLVCX and SOPAX has dropped to 0.40 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

FLVCX vs. SOPAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLVCX

FLVCX Risk / Return Rank: 21
FLVCX Sharpe Ratio Rank: 18
FLVCX Sortino Ratio Rank: 18
FLVCX Omega Ratio Rank: 19
FLVCX Calmar Ratio Rank: 24
FLVCX Martin Ratio Rank: 27

SOPAX

SOPAX Risk / Return Rank: 65
SOPAX Sharpe Ratio Rank: 72
SOPAX Sortino Ratio Rank: 72
SOPAX Omega Ratio Rank: 67
SOPAX Calmar Ratio Rank: 54
SOPAX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLVCX vs. SOPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) and ClearBridge Dividend Strategy Fund (SOPAX). 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	SOPAX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.75	-1.00
Sortino ratio: Return per unit of downside risk	1.13	2.53	-1.40
Omega ratio: Gain probability vs. loss probability	1.14	1.31	-0.17
Calmar ratio: Return relative to maximum drawdown	1.19	2.09	-0.90
Martin ratio: Return relative to average drawdown	4.12	8.32	-4.20

FLVCX vs. SOPAX - Sharpe Ratio Comparison

The current FLVCX Sharpe Ratio is 0.74, which is lower than the SOPAX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FLVCX and SOPAX, 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. SOPAX - Drawdown Comparison

The maximum FLVCX drawdown since its inception was -70.02%, which is greater than SOPAX's maximum drawdown of -46.78%. Use the drawdown chart below to compare losses from any high point for FLVCX and SOPAX.

Drawdown Indicators

	FLVCX	SOPAX	Difference
Max Drawdown Largest peak-to-trough decline	-70.02%	-46.78%	-23.24%
Max Drawdown (1Y) Largest decline over 1 year	-15.43%	-8.04%	-7.39%
Max Drawdown (3Y) Largest decline over 3 years	-28.54%	-13.72%	-14.82%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-19.31%	-9.23%
Max Drawdown (10Y) Largest decline over 10 years	-44.14%	-34.72%	-9.42%
Current Drawdown Current decline from peak	-10.14%	-0.76%	-9.38%
Average Drawdown Average peak-to-trough decline	-10.96%	-4.86%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	2.02%	+2.42%

Volatility

FLVCX vs. SOPAX - Volatility Comparison

Fidelity Leveraged Company Stock Fund (FLVCX) has a higher volatility of 9.28% compared to ClearBridge Dividend Strategy Fund (SOPAX) at 3.27%. This indicates that FLVCX's price experiences larger fluctuations and is considered to be riskier than SOPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLVCX	SOPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	3.27%	+6.01%
Volatility (6M) Calculated over the trailing 6-month period	20.69%	7.33%	+13.36%
Volatility (1Y) Calculated over the trailing 1-year period	24.65%	9.64%	+15.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.53%	14.22%	+9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.62%	16.35%	+7.27%

FLVCX vs. SOPAX - Expense Ratio Comparison

FLVCX has a 0.74% expense ratio, which is lower than SOPAX's 1.02% expense ratio.

Dividends

FLVCX vs. SOPAX - Dividend Comparison

FLVCX's dividend yield for the trailing twelve months is around 4.14%, less than SOPAX's 11.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLVCX Fidelity Leveraged Company Stock Fund	4.14%	4.72%	14.53%	12.19%	18.49%	8.40%	0.11%	0.10%	19.91%	18.96%	27.48%	6.18%
SOPAX ClearBridge Dividend Strategy Fund	11.79%	13.65%	9.54%	9.20%	5.68%	9.93%	1.76%	7.32%	6.56%	6.75%	3.03%	1.53%

Frequently Asked Questions

Can I hold both FLVCX and SOPAX in my portfolio?

FLVCX and SOPAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLVCX or SOPAX?

FLVCX has higher volatility (9.28%) compared to SOPAX (3.27%). In terms of maximum drawdown, FLVCX dropped -70.02% vs SOPAX's -46.78%.

Which has better risk-adjusted returns?

SOPAX currently has the higher Sharpe Ratio (1.75 vs 0.74), 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.