FNCL vs. FGLGX
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Fidelity Series Large Cap Stock Fund (FGLGX).
FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013. FGLGX is managed by Fidelity. It was launched on Dec 6, 2012.
Performance
FNCL vs. FGLGX - Performance Comparison
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FNCL vs. FGLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | -9.17% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
FGLGX Fidelity Series Large Cap Stock Fund | -4.68% | 28.57% | 27.45% | 24.80% | -7.23% | 26.53% | 10.01% | 32.37% | -8.95% | 16.64% |
Returns By Period
In the year-to-date period, FNCL achieves a -9.17% return, which is significantly lower than FGLGX's -4.68% return. Over the past 10 years, FNCL has underperformed FGLGX with an annualized return of 12.25%, while FGLGX has yielded a comparatively higher 15.16% annualized return.
FNCL
- 1D
- 2.23%
- 1M
- -3.42%
- YTD
- -9.17%
- 6M
- -7.18%
- 1Y
- 2.69%
- 3Y*
- 17.96%
- 5Y*
- 9.30%
- 10Y*
- 12.25%
FGLGX
- 1D
- -0.59%
- 1M
- -7.96%
- YTD
- -4.68%
- 6M
- 0.33%
- 1Y
- 25.34%
- 3Y*
- 22.22%
- 5Y*
- 15.33%
- 10Y*
- 15.16%
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FNCL vs. FGLGX - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is higher than FGLGX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FNCL vs. FGLGX — Risk / Return Rank
FNCL
FGLGX
FNCL vs. FGLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Fidelity Series Large Cap Stock Fund (FGLGX). 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.
| FNCL | FGLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.42 | -1.28 |
Sortino ratioReturn per unit of downside risk | 0.32 | 2.00 | -1.68 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.91 | -1.65 |
Martin ratioReturn relative to average drawdown | 0.79 | 8.85 | -8.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNCL | FGLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.42 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.91 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.83 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.82 | -0.30 |
Correlation
The correlation between FNCL and FGLGX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNCL vs. FGLGX - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.75%, less than FGLGX's 10.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | 1.75% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
FGLGX Fidelity Series Large Cap Stock Fund | 10.32% | 9.84% | 7.99% | 5.29% | 6.55% | 9.22% | 5.36% | 7.25% | 12.29% | 4.61% | 1.69% | 5.94% |
Drawdowns
FNCL vs. FGLGX - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, which is greater than FGLGX's maximum drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for FNCL and FGLGX.
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Drawdown Indicators
| FNCL | FGLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -36.42% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -12.19% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -21.21% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -36.42% | -7.96% |
Current DrawdownCurrent decline from peak | -11.94% | -9.43% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.82% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 2.63% | +2.29% |
Volatility
FNCL vs. FGLGX - Volatility Comparison
Fidelity MSCI Financials Index ETF (FNCL) has a higher volatility of 4.88% compared to Fidelity Series Large Cap Stock Fund (FGLGX) at 4.44%. This indicates that FNCL's price experiences larger fluctuations and is considered to be riskier than FGLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCL | FGLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.44% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 9.46% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 18.22% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 16.86% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 18.35% | +4.00% |