FXLCX vs. FULVX

Last updated Jul 3, 2026

FXLCX (Fidelity Flex Large Cap Focused Index Fund) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both Large Cap Blend Equities funds from Fidelity. At a 0.44 correlation, their price movements are largely independent. 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: -0.17%
• 1M: -1.52%
• 6M: 8.70%
• YTD: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FULVX

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

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

FXLCX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	8.70%	7.64%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	1.14%

Correlation

The correlation between FXLCX and FULVX is 0.44, 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 Jul 29, 2025	0.44

Return for Risk

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.

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

Drawdowns

Drawdown Indicators

	FXLCX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-9.23%	—	—
Current Drawdown Current decline from peak	-1.52%	—	—
Average Drawdown Average peak-to-trough decline	-1.47%	—	—

Volatility

Volatility by Period

	FXLCX	FULVX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.04%	—	—

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 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.