FXLCX vs. ALSMX
FXLCX (Fidelity Flex Large Cap Focused Index Fund) and ALSMX (Archer Multi Cap Fund) are both Large Cap Blend Equities funds. Over the past year, FXLCX returned 18.47% vs 28.94% for ALSMX. Their correlation of 0.82 means they have usually moved in the same direction. FXLCX charges 0.00%/yr vs 0.96%/yr for ALSMX.
Performance
FXLCX vs. ALSMX - Performance Comparison
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Returns By Period
In the year-to-date period, FXLCX achieves a 7.87% return, which is significantly lower than ALSMX's 18.47% return.
FXLCX
- 1D
- 1.67%
- 1M
- -0.69%
- 6M
- 7.37%
- YTD
- 7.87%
- 1Y
- 18.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.07%
ALSMX
- 1D
- 2.71%
- 1M
- -3.31%
- 6M
- 13.13%
- YTD
- 18.47%
- 1Y
- 28.94%
- 3Y*
- 19.78%
- 5Y*
- 10.55%
- 10Y*
- —
- ALL TIME*
- 12.53%
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 |
FXLCX vs. ALSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FXLCX Fidelity Flex Large Cap Focused Index Fund | 7.87% | 7.64% |
ALSMX Archer Multi Cap Fund | 18.47% | 6.75% |
Correlation
The correlation between FXLCX and ALSMX is 0.82, 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. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025 | 0.82 |
The correlation between FXLCX and ALSMX has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
FXLCX vs. ALSMX — Risk / Return Rank
FXLCX
ALSMX
FXLCX vs. ALSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Archer Multi Cap Fund (ALSMX). 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.
| FXLCX | ALSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.79 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.18 | 9.86 | -2.68 |
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Drawdowns
FXLCX vs. ALSMX - Drawdown Comparison
The maximum FXLCX drawdown since its inception was -9.23%, smaller than the maximum ALSMX drawdown of -97.87%. Use the drawdown chart below to compare losses from any high point for FXLCX and ALSMX.
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Drawdown Indicators
| FXLCX | ALSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.23% | -97.87% | +88.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -9.42% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.87% | — |
Current DrawdownCurrent decline from peak | -2.28% | -96.62% | +94.34% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -29.64% | +28.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.66% | -0.39% |
Volatility
FXLCX vs. ALSMX - Volatility Comparison
The current volatility for Fidelity Flex Large Cap Focused Index Fund (FXLCX) is 3.53%, while Archer Multi Cap Fund (ALSMX) has a volatility of 5.82%. This indicates that FXLCX experiences smaller price fluctuations and is considered to be less risky than ALSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXLCX | ALSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 5.82% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 15.24% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 17.95% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 1,292.58% | -1,279.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 1,126.70% | -1,113.71% |
FXLCX vs. ALSMX - Expense Ratio Comparison
FXLCX has a 0.00% expense ratio, which is lower than ALSMX's 0.96% expense ratio.
Dividends
FXLCX vs. ALSMX - Dividend Comparison
FXLCX's dividend yield for the trailing twelve months is around 0.44%, less than ALSMX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ALSMX Archer Multi Cap Fund | 6.04% | 7.16% | 3.62% | 0.46% | 7.12% | 1.62% | 0.43% |
FXLCX Fidelity Flex Large Cap Focused Index Fund | 0.44% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXLCX and ALSMX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALSMX has higher volatility (5.82%) compared to FXLCX (3.53%). In terms of maximum drawdown, FXLCX dropped -9.23% vs ALSMX's -97.87%.
ALSMX currently has the higher Sharpe Ratio (1.46 vs 1.25), 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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