FXLCX vs. SCHY

Last updated Jun 23, 2026

FXLCX (Fidelity Flex Large Cap Focused Index Fund) and SCHY (Schwab International Dividend Equity ETF) are both funds - FXLCX is a Large Cap Blend Equities fund tracking the Fidelity U.S. Large Cap Focused Index, while SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. FXLCX charges 0.00%/yr vs 0.08%/yr for SCHY.

Performance

FXLCX vs. SCHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Schwab International Dividend Equity ETF (SCHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXLCX achieves a 8.80% return, which is significantly higher than SCHY's 7.54% return.

FXLCX

• 1D: 0.95%
• 1M: 0.52%
• YTD: 8.80%
• 6M: 8.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHY

• 1D: -0.28%
• 1M: -1.70%
• YTD: 7.54%
• 6M: 8.01%
• 1Y: 22.42%
• 3Y*: 14.92%
• 5Y*: 8.21%
• 10Y*: —

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

FXLCX vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	8.80%	7.64%
SCHY Schwab International Dividend Equity ETF	7.54%	11.69%

Correlation

The correlation between FXLCX and SCHY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025	0.51

Return for Risk

FXLCX vs. SCHY — Risk / Return Rank

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

FXLCX

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

SCHY

SCHY Risk / Return Rank: 53
SCHY Sharpe Ratio Rank: 58
SCHY Sortino Ratio Rank: 55
SCHY Omega Ratio Rank: 55
SCHY Calmar Ratio Rank: 51
SCHY Martin Ratio Rank: 46

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. SCHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Schwab International Dividend Equity ETF (SCHY). 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	SCHY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.87	—
Sortino ratio: Return per unit of downside risk	—	2.56	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	7.52	—

Drawdowns

FXLCX vs. SCHY - Drawdown Comparison

The maximum FXLCX drawdown since its inception was -9.23%, smaller than the maximum SCHY drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for FXLCX and SCHY.

Drawdown Indicators

	FXLCX	SCHY	Difference
Max Drawdown Largest peak-to-trough decline	-9.23%	-24.04%	+14.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.04%	—
Current Drawdown Current decline from peak	-1.43%	-5.49%	+4.06%
Average Drawdown Average peak-to-trough decline	-1.44%	-4.96%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.99%	—

Volatility

Volatility by Period

	FXLCX	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	12.10%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.09%	13.27%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.09%	13.23%	-0.14%

FXLCX vs. SCHY - Expense Ratio Comparison

FXLCX has a 0.00% expense ratio, which is lower than SCHY's 0.08% 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. SCHY - Dividend Comparison

FXLCX's dividend yield for the trailing twelve months is around 0.44%, less than SCHY's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021
FXLCX Fidelity Flex Large Cap Focused Index Fund	0.44%	0.33%	0.00%	0.00%	0.00%	0.00%
SCHY Schwab International Dividend Equity ETF	3.45%	3.55%	4.64%	3.97%	3.67%	1.73%

Frequently Asked Questions

Can I hold both FXLCX and SCHY in my portfolio?

FXLCX and SCHY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.