FXLCX vs. GTLOX

Last updated Jun 6, 2026

FXLCX (Fidelity Flex Large Cap Focused Index Fund) and GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) are both Large Cap Blend Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. FXLCX charges 0.00%/yr vs 0.85%/yr for GTLOX.

Performance

FXLCX vs. GTLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXLCX achieves a 10.01% return, which is significantly lower than GTLOX's 22.80% return.

FXLCX

• 1D: 0.51%
• 1M: 3.59%
• YTD: 10.01%
• 6M: 9.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GTLOX

• 1D: 0.42%
• 1M: 8.48%
• YTD: 22.80%
• 6M: 24.45%
• 1Y: 41.54%
• 3Y*: 21.29%
• 5Y*: 11.09%
• 10Y*: 12.67%

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

FXLCX vs. GTLOX - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	10.01%	7.64%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	22.80%	11.32%

Correlation

The correlation between FXLCX and GTLOX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.81

Return for Risk

FXLCX vs. GTLOX — Risk / Return Rank

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

GTLOX

GTLOX Risk / Return Rank: 91
GTLOX Sharpe Ratio Rank: 93
GTLOX Sortino Ratio Rank: 88
GTLOX Omega Ratio Rank: 82
GTLOX Calmar Ratio Rank: 95
GTLOX Martin Ratio Rank: 97

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.

FXLCX vs. GTLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). 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.

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

Sharpe Ratios by Period

	FXLCX	GTLOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	0.50	+1.26

Drawdowns

FXLCX vs. GTLOX - Drawdown Comparison

The maximum FXLCX drawdown since its inception was -9.23%, smaller than the maximum GTLOX drawdown of -54.09%. Use the drawdown chart below to compare losses from any high point for FXLCX and GTLOX.

Drawdown Indicators

	FXLCX	GTLOX	Difference
Max Drawdown Largest peak-to-trough decline	-9.23%	-54.09%	+44.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.15%	—
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-1.40%	-8.33%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.73%	—

Volatility

Volatility by Period

	FXLCX	GTLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	13.86%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.53%	21.86%	-9.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	20.90%	-8.37%

FXLCX vs. GTLOX - Expense Ratio Comparison

FXLCX has a 0.00% expense ratio, which is lower than GTLOX's 0.85% expense ratio.

Dividends

FXLCX vs. GTLOX - Dividend Comparison

FXLCX's dividend yield for the trailing twelve months is around 0.43%, less than GTLOX's 14.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXLCX Fidelity Flex Large Cap Focused Index Fund	0.43%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	14.58%	17.84%	25.96%	8.32%	23.58%	13.35%	9.06%	5.35%	10.53%	4.99%	1.08%	2.09%

Frequently Asked Questions

Can I hold both FXLCX and GTLOX in my portfolio?

FXLCX and GTLOX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.