FNITX vs. FFLC
FNITX (Fidelity Advisor New Insights Fund Class M) and FFLC (Fidelity Fundamental Large Cap Core ETF) are both funds - FNITX is a Large Cap Growth Equities fund managed by Fidelity, while FFLC is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 5 years, FNITX returned 13.04%/yr vs 16.45%/yr for FFLC. Their correlation of 0.80 means they have usually moved in the same direction. FNITX charges 1.18%/yr vs 0.38%/yr for FFLC.
Performance
FNITX vs. FFLC - Performance Comparison
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Returns By Period
In the year-to-date period, FNITX achieves a 6.07% return, which is significantly lower than FFLC's 10.63% return.
FNITX
- 1D
- 1.39%
- 1M
- -4.39%
- 6M
- 4.07%
- YTD
- 6.07%
- 1Y
- 15.26%
- 3Y*
- 22.90%
- 5Y*
- 13.04%
- 10Y*
- 15.46%
- ALL TIME*
- 11.29%
FFLC
- 1D
- 0.86%
- 1M
- 0.31%
- 6M
- 8.00%
- YTD
- 10.63%
- 1Y
- 20.47%
- 3Y*
- 20.51%
- 5Y*
- 16.45%
- 10Y*
- —
- ALL TIME*
- 20.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.09M | $5.30M | $5.23M | |
| $0.00 | $0.00 | $0.00 |
FNITX vs. FFLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | 6.07% | 22.36% | 34.61% | 35.61% | -26.67% | 24.10% | 22.05% |
FFLC Fidelity Fundamental Large Cap Core ETF | 10.63% | 17.67% | 27.89% | 25.07% | -0.04% | 24.53% | 19.50% |
Correlation
The correlation between FNITX and FFLC is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.80 |
The correlation between FNITX and FFLC shifts across timeframes, from 0.80 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FNITX vs. FFLC — Risk / Return Rank
FNITX
FFLC
FNITX vs. FFLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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.
| FNITX | FFLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.82 | -0.43 |
| Martin ratioReturn relative to average drawdown | 5.09 | 7.92 | -2.83 |
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Drawdowns
FNITX vs. FFLC - Drawdown Comparison
The maximum FNITX drawdown since its inception was -49.84%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FNITX and FFLC.
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Drawdown Indicators
| FNITX | FFLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -19.72% | -30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.98% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -19.72% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.06% | -19.72% | -12.34% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | — | — |
Current DrawdownCurrent decline from peak | -7.26% | -1.19% | -6.07% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -2.95% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.29% | +0.56% |
Volatility
FNITX vs. FFLC - Volatility Comparison
Fidelity Advisor New Insights Fund Class M (FNITX) has a higher volatility of 4.57% compared to Fidelity Fundamental Large Cap Core ETF (FFLC) at 3.59%. This indicates that FNITX's price experiences larger fluctuations and is considered to be riskier than FFLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNITX | FFLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.59% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 10.97% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 13.86% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 16.93% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 17.61% | +1.75% |
FNITX vs. FFLC - Expense Ratio Comparison
FNITX has a 1.18% expense ratio, which is higher than FFLC's 0.38% expense ratio.
Dividends
FNITX vs. FFLC - Dividend Comparison
FNITX's dividend yield for the trailing twelve months is around 9.65%, more than FFLC's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | 0.99% | 1.10% | 0.82% | 0.57% | 1.67% | 1.68% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNITX Fidelity Advisor New Insights Fund Class M | 9.65% | 11.08% | 6.33% | 6.43% | 18.00% | 13.42% | 8.54% | 6.62% | 14.33% | 7.86% | 4.99% | 4.45% |
Frequently Asked Questions
With a correlation of 0.93, FNITX and FFLC 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.
FNITX has higher volatility (4.57%) compared to FFLC (3.59%). In terms of maximum drawdown, FNITX dropped -49.84% vs FFLC's -19.72%.
FFLC currently has the higher Sharpe Ratio (1.31 vs 0.90), 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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