FTRIX vs. FLCSX

Last updated Jun 23, 2026

FTRIX (Fidelity Advisor Mega Cap Stock Fund Class I) and FLCSX (Fidelity Large Cap Stock Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FTRIX returned 16.69%/yr vs 15.57%/yr for FLCSX. With a 0.98 correlation, they move nearly in lockstep. FTRIX charges 0.65%/yr vs 0.75%/yr for FLCSX.

Performance

FTRIX vs. FLCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mega Cap Stock Fund Class I (FTRIX) and Fidelity Large Cap Stock Fund (FLCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FTRIX having a 10.10% return and FLCSX slightly lower at 10.04%. Over the past 10 years, FTRIX has outperformed FLCSX with an annualized return of 16.69%, while FLCSX has yielded a comparatively lower 15.57% annualized return.

FTRIX

• 1D: 1.00%
• 1M: 0.64%
• YTD: 10.10%
• 6M: 10.31%
• 1Y: 29.97%
• 3Y*: 24.66%
• 5Y*: 17.04%
• 10Y*: 16.69%

FLCSX

• 1D: 0.98%
• 1M: 1.34%
• YTD: 10.04%
• 6M: 9.97%
• 1Y: 30.34%
• 3Y*: 24.69%
• 5Y*: 16.84%
• 10Y*: 15.57%

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

FTRIX vs. FLCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTRIX Fidelity Advisor Mega Cap Stock Fund Class I	10.10%	26.92%	26.00%	26.46%	-9.00%	26.26%	12.96%	31.06%	-7.43%	17.82%
FLCSX Fidelity Large Cap Stock Fund	10.04%	27.49%	26.31%	23.51%	-8.02%	25.80%	9.05%	31.59%	-13.62%	17.86%

Correlation

The correlation between FTRIX and FLCSX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008	0.98

The correlation between FTRIX and FLCSX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FTRIX vs. FLCSX — Risk / Return Rank

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

FTRIX

FTRIX Risk / Return Rank: 77
FTRIX Sharpe Ratio Rank: 79
FTRIX Sortino Ratio Rank: 74
FTRIX Omega Ratio Rank: 72
FTRIX Calmar Ratio Rank: 77
FTRIX Martin Ratio Rank: 85

FLCSX

FLCSX Risk / Return Rank: 76
FLCSX Sharpe Ratio Rank: 79
FLCSX Sortino Ratio Rank: 75
FLCSX Omega Ratio Rank: 72
FLCSX Calmar Ratio Rank: 74
FLCSX Martin Ratio Rank: 83

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.

FTRIX vs. FLCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class I (FTRIX) and Fidelity Large Cap Stock Fund (FLCSX). 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.

	FTRIX	FLCSX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.39	0.00
Sortino ratio: Return per unit of downside risk	3.27	3.29	-0.01
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.32	3.18	+0.14
Martin ratio: Return relative to average drawdown	14.79	14.38	+0.42

FTRIX vs. FLCSX - Sharpe Ratio Comparison

The current FTRIX Sharpe Ratio is 2.39, which is comparable to the FLCSX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FTRIX and FLCSX, 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

FTRIX vs. FLCSX - Drawdown Comparison

The maximum FTRIX drawdown since its inception was -52.46%, smaller than the maximum FLCSX drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for FTRIX and FLCSX.

Drawdown Indicators

	FTRIX	FLCSX	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-63.67%	+11.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-9.55%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-18.82%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.31%	-21.69%	-1.62%
Max Drawdown (10Y) Largest decline over 10 years	-35.22%	-37.11%	+1.89%
Current Drawdown Current decline from peak	-0.66%	-0.28%	-0.38%
Average Drawdown Average peak-to-trough decline	-6.52%	-13.80%	+7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.11%	-0.09%

Volatility

FTRIX vs. FLCSX - Volatility Comparison

Fidelity Advisor Mega Cap Stock Fund Class I (FTRIX) and Fidelity Large Cap Stock Fund (FLCSX) have volatilities of 4.35% and 4.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTRIX	FLCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.40%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	9.97%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	12.71%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	16.91%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	18.68%	-0.53%

FTRIX vs. FLCSX - Expense Ratio Comparison

FTRIX has a 0.65% expense ratio, which is lower than FLCSX's 0.75% expense ratio.

Dividends

FTRIX vs. FLCSX - Dividend Comparison

FTRIX's dividend yield for the trailing twelve months is around 3.55%, less than FLCSX's 8.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCSX Fidelity Large Cap Stock Fund	8.98%	6.50%	4.26%	2.83%	3.07%	4.71%	3.93%	5.43%	7.63%	3.25%	3.61%	4.55%
FTRIX Fidelity Advisor Mega Cap Stock Fund Class I	3.55%	3.91%	2.68%	2.09%	4.38%	4.75%	8.02%	12.76%	21.72%	16.33%	1.96%	4.15%

Frequently Asked Questions

Can I hold both FTRIX and FLCSX in my portfolio?

With a correlation of 0.99, FTRIX and FLCSX 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.

Which is riskier, FTRIX or FLCSX?

FLCSX has higher volatility (4.40%) compared to FTRIX (4.35%). In terms of maximum drawdown, FTRIX dropped -52.46% vs FLCSX's -63.67%.

Which has better risk-adjusted returns?

FLCSX currently has the higher Sharpe Ratio (2.39 vs 2.39), 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.