FXLCX vs. FSUVX

Last updated Aug 1, 2026

FXLCX (Fidelity Flex Large Cap Focused Index Fund) and FSUVX (Fidelity SAI U.S. Low Volatility Index Fund) are both mutual funds - FXLCX is a Large Cap Blend Equities fund tracking the Fidelity U.S. Large Cap Focused Index, while FSUVX is a Low Volatility fund managed by Fidelity. Over the past year, FXLCX returned 18.47% vs 14.88% for FSUVX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. FXLCX charges 0.00%/yr vs 0.11%/yr for FSUVX.

Performance

FXLCX vs. FSUVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXLCX achieves a 7.87% return, which is significantly lower than FSUVX's 8.73% return.

FXLCX

• 1D: 1.67%
• 1M: -0.69%
• 6M: 7.37%
• YTD: 7.87%
• 1Y: 18.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.07%

FSUVX

• 1D: 0.00%
• 1M: 1.14%
• 6M: 6.39%
• YTD: 8.73%
• 1Y: 14.88%
• 3Y*: 14.07%
• 5Y*: 9.11%
• 10Y*: 11.13%
• ALL TIME*: 11.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	$0.00	$0.00	$0.00
FXLCX Fidelity Flex Large Cap Focused Index Fund	$0.00	$0.00	$0.00

FXLCX vs. FSUVX - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	7.87%	7.64%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	8.73%	3.91%

Correlation

The correlation between FXLCX and FSUVX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025	0.65

The correlation between FXLCX and FSUVX has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.

Return for Risk

FXLCX vs. FSUVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FXLCX

FXLCX Risk / Return Rank: 40
FXLCX Sharpe Ratio Rank: 38
FXLCX Sortino Ratio Rank: 37
FXLCX Omega Ratio Rank: 37
FXLCX Calmar Ratio Rank: 40
FXLCX Martin Ratio Rank: 49

FSUVX

FSUVX Risk / Return Rank: 61
FSUVX Sharpe Ratio Rank: 65
FSUVX Sortino Ratio Rank: 65
FSUVX Omega Ratio Rank: 61
FSUVX Calmar Ratio Rank: 53
FSUVX Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FXLCX vs. FSUVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). 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	FSUVX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.52	-0.26
Sortino ratio: Return per unit of downside risk	1.78	2.21	-0.43
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio: Return relative to maximum drawdown	1.76	1.87	-0.11
Martin ratio: Return relative to average drawdown	7.18	7.68	-0.50

FXLCX vs. FSUVX - Sharpe Ratio Comparison

The current FXLCX Sharpe Ratio is 1.25, which is comparable to the FSUVX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FXLCX and FSUVX, 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

FXLCX vs. FSUVX - Drawdown Comparison

The maximum FXLCX drawdown since its inception was -9.23%, smaller than the maximum FSUVX drawdown of -32.41%. Use the drawdown chart below to compare losses from any high point for FXLCX and FSUVX.

Drawdown Indicators

	FXLCX	FSUVX	Difference
Max Drawdown Largest peak-to-trough decline	-9.23%	-32.41%	+23.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	-7.28%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.41%	—
Current Drawdown Current decline from peak	-2.28%	-0.68%	-1.60%
Average Drawdown Average peak-to-trough decline	-1.49%	-3.25%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.77%	+0.50%

Volatility

FXLCX vs. FSUVX - Volatility Comparison

Fidelity Flex Large Cap Focused Index Fund (FXLCX) has a higher volatility of 3.53% compared to Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) at 3.36%. This indicates that FXLCX's price experiences larger fluctuations and is considered to be riskier than FSUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXLCX	FSUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.36%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	7.10%	+3.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	9.00%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	13.00%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	15.19%	-2.20%

FXLCX vs. FSUVX - Expense Ratio Comparison

FXLCX has a 0.00% expense ratio, which is lower than FSUVX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FXLCX vs. FSUVX - Dividend Comparison

FXLCX's dividend yield for the trailing twelve months is around 0.44%, less than FSUVX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.09%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%
FXLCX Fidelity Flex Large Cap Focused Index Fund	0.44%	0.33%	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 FXLCX and FSUVX in my portfolio?

FXLCX and FSUVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXLCX or FSUVX?

FXLCX has higher volatility (3.53%) compared to FSUVX (3.36%). In terms of maximum drawdown, FXLCX dropped -9.23% vs FSUVX's -32.41%.

Which has better risk-adjusted returns?

FSUVX currently has the higher Sharpe Ratio (1.52 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.