FXLCX vs. FULVX

Last updated Aug 1, 2026

FXLCX (Fidelity Flex Large Cap Focused Index Fund) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both mutual funds - FXLCX is a Large Cap Blend Equities fund tracking the Fidelity U.S. Large Cap Focused Index, while FULVX is a Low Volatility fund managed by Fidelity. Their 0.42 correlation means their historical movements had little consistent relationship. FXLCX charges 0.00%/yr vs 0.66%/yr for FULVX.

Performance

FXLCX vs. FULVX - 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 U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FXLCX

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

FULVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
FXLCX Fidelity Flex Large Cap Focused Index Fund	$0.00	$0.00	$0.00

FXLCX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	7.87%	7.64%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	1.14%

Correlation

The correlation between FXLCX and FULVX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025	0.42

Return for Risk

FXLCX vs. FULVX — 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

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FULVX - 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 U.S. Low Volatility Equity Fund (FULVX). 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	FULVX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.76	—	—
Martin ratio: Return relative to average drawdown	7.18	—	—

Drawdowns

Drawdown Indicators

	FXLCX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-9.23%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	—	—
Current Drawdown Current decline from peak	-2.28%	—	—
Average Drawdown Average peak-to-trough decline	-1.49%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	—	—

Volatility

Volatility by Period

	FXLCX	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	—	—

FXLCX vs. FULVX - Expense Ratio Comparison

FXLCX has a 0.00% expense ratio, which is lower than FULVX's 0.66% expense ratio.

Dividends

FXLCX vs. FULVX - Dividend Comparison

FXLCX's dividend yield for the trailing twelve months is around 0.44%, less than FULVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%
FXLCX Fidelity Flex Large Cap Focused Index Fund	0.44%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FXLCX and FULVX in my portfolio?

FXLCX and FULVX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.