FNICX vs. SWLGX
FNICX (Fidelity Advisor New Insights Fund Class C) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FNICX returned 12.14%/yr vs 11.67%/yr for SWLGX. Their 0.96 correlation means they have historically moved very closely together. FNICX charges 1.70%/yr vs 0.04%/yr for SWLGX.
Performance
FNICX vs. SWLGX - Performance Comparison
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Returns By Period
In the year-to-date period, FNICX achieves a 5.75% return, which is significantly higher than SWLGX's -0.51% return.
FNICX
- 1D
- 1.37%
- 1M
- -5.09%
- 6M
- 3.78%
- YTD
- 5.75%
- 1Y
- 12.54%
- 3Y*
- 21.60%
- 5Y*
- 12.14%
- 10Y*
- 14.70%
- ALL TIME*
- 10.63%
SWLGX
- 1D
- 2.95%
- 1M
- -3.22%
- 6M
- 1.04%
- YTD
- -0.51%
- 1Y
- 9.24%
- 3Y*
- 18.93%
- 5Y*
- 11.67%
- 10Y*
- —
- ALL TIME*
- 16.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNICX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNICX Fidelity Advisor New Insights Fund Class C | 5.75% | 19.70% | 33.94% | 34.88% | -26.87% | 23.48% | 22.72% | 28.17% | -5.40% | -0.43% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -0.51% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Correlation
The correlation between FNICX and SWLGX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017 | 0.96 |
The correlation between FNICX and SWLGX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
FNICX vs. SWLGX — Risk / Return Rank
FNICX
SWLGX
FNICX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class C (FNICX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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.
| FNICX | SWLGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.45 | +0.87 |
| Martin ratioReturn relative to average drawdown | 4.83 | 1.35 | +3.48 |
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Drawdowns
FNICX vs. SWLGX - Drawdown Comparison
The maximum FNICX drawdown since its inception was -50.18%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for FNICX and SWLGX.
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Drawdown Indicators
| FNICX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.18% | -32.69% | -17.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -16.16% | +5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.10% | -23.30% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -32.69% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -32.17% | — | — |
Current DrawdownCurrent decline from peak | -7.34% | -8.74% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -7.03% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 5.37% | -2.49% |
Volatility
FNICX vs. SWLGX - Volatility Comparison
The current volatility for Fidelity Advisor New Insights Fund Class C (FNICX) is 4.60%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 6.40%. This indicates that FNICX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNICX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 6.40% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 14.03% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 17.49% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 21.80% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 22.68% | -3.31% |
FNICX vs. SWLGX - Expense Ratio Comparison
FNICX has a 1.70% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Dividends
FNICX vs. SWLGX - Dividend Comparison
FNICX's dividend yield for the trailing twelve months is around 12.92%, more than SWLGX's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNICX Fidelity Advisor New Insights Fund Class C | 12.92% | 13.07% | 8.12% | 8.07% | 21.87% | 15.96% | 9.88% | 7.53% | 16.07% | 8.64% | 4.45% | 4.78% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.46% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNICX and SWLGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWLGX has higher volatility (6.40%) compared to FNICX (4.60%). In terms of maximum drawdown, FNICX dropped -50.18% vs SWLGX's -32.69%.
FNICX currently has the higher Sharpe Ratio (0.86 vs 0.41), 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.
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