FSWCX vs. UPDDX

Last updated Jun 5, 2026

FSWCX (Fidelity SAI U.S. Value Index Fund) and UPDDX (Upright Growth & Income Fund) are both Large Cap Value Equities funds. At a 0.40 correlation, their price movements are largely independent. FSWCX charges 0.10%/yr vs 2.57%/yr for UPDDX.

Performance

FSWCX vs. UPDDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Value Index Fund (FSWCX) and Upright Growth & Income Fund (UPDDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSWCX

• 1D: -0.77%
• 1M: 5.44%
• YTD: 15.32%
• 6M: 17.70%
• 1Y: 38.57%
• 3Y*: 24.03%
• 5Y*: 14.05%
• 10Y*: —

UPDDX

• 1D: -1.24%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSWCX vs. UPDDX - Yearly Performance Comparison

	2026 (YTD)
FSWCX Fidelity SAI U.S. Value Index Fund	1.44%
UPDDX Upright Growth & Income Fund	2.39%

Correlation

The correlation between FSWCX and UPDDX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

FSWCX vs. UPDDX — Risk / Return Rank

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

FSWCX

FSWCX Risk / Return Rank: 94
FSWCX Sharpe Ratio Rank: 95
FSWCX Sortino Ratio Rank: 93
FSWCX Omega Ratio Rank: 88
FSWCX Calmar Ratio Rank: 97
FSWCX Martin Ratio Rank: 96

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.

FSWCX vs. UPDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Value Index Fund (FSWCX) and Upright Growth & Income Fund (UPDDX). 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.

	FSWCX	UPDDX	Difference
Sharpe ratio: Return per unit of total volatility	3.42	—	—
Sortino ratio: Return per unit of downside risk	4.70	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	6.63	—	—
Martin ratio: Return relative to average drawdown	23.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSWCX	UPDDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	15.08	-14.49

Drawdowns

FSWCX vs. UPDDX - Drawdown Comparison

The maximum FSWCX drawdown since its inception was -41.41%, which is greater than UPDDX's maximum drawdown of -1.24%. Use the drawdown chart below to compare losses from any high point for FSWCX and UPDDX.

Drawdown Indicators

	FSWCX	UPDDX	Difference
Max Drawdown Largest peak-to-trough decline	-41.41%	-1.24%	-40.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.62%	—	—
Current Drawdown Current decline from peak	-0.77%	-1.24%	+0.47%
Average Drawdown Average peak-to-trough decline	-5.57%	-0.39%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	FSWCX	UPDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	26.35%	-15.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	26.35%	-9.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	26.35%	-5.57%

FSWCX vs. UPDDX - Expense Ratio Comparison

FSWCX has a 0.10% expense ratio, which is lower than UPDDX's 2.57% expense ratio.

Dividends

FSWCX vs. UPDDX - Dividend Comparison

FSWCX's dividend yield for the trailing twelve months is around 6.42%, while UPDDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSWCX Fidelity SAI U.S. Value Index Fund	6.42%	7.40%	8.86%	9.68%	12.90%	5.71%	2.55%	2.37%	3.84%	0.07%
UPDDX Upright Growth & Income Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSWCX and UPDDX in my portfolio?

FSWCX and UPDDX 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.