FXLCX vs. SCHY

Last updated Aug 1, 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 (Net). Both are passively managed. Over the past year, FXLCX returned 18.47% vs 28.39% for SCHY. Their 0.47 correlation means their historical movements had little consistent relationship. 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 7.87% return, which is significantly lower than SCHY's 13.81% return.

FXLCX

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

SCHY

• 1D: -0.48%
• 1M: 4.02%
• 6M: 7.91%
• YTD: 13.81%
• 1Y: 28.39%
• 3Y*: 15.88%
• 5Y*: 9.14%
• 10Y*: —
• ALL TIME*: 9.40%

*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
SCHY Schwab International Dividend Equity ETF	$27.81M	$25.09M	$19.24M

FXLCX vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	7.87%	7.64%
SCHY Schwab International Dividend Equity ETF	13.81%	11.69%

Correlation

The correlation between FXLCX and SCHY is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025	0.47

Return for Risk

FXLCX vs. SCHY — 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

SCHY

SCHY Risk / Return Rank: 86
SCHY Sharpe Ratio Rank: 92
SCHY Sortino Ratio Rank: 91
SCHY Omega Ratio Rank: 91
SCHY Calmar Ratio Rank: 84
SCHY Martin Ratio Rank: 73

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. 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	1.25	2.39	-1.14
Sortino ratio: Return per unit of downside risk	1.78	3.27	-1.48
Omega ratio: Gain probability vs. loss probability	1.23	1.43	-0.21
Calmar ratio: Return relative to maximum drawdown	1.76	3.15	-1.39
Martin ratio: Return relative to average drawdown	7.18	8.98	-1.80

FXLCX vs. SCHY - Sharpe Ratio Comparison

The current FXLCX Sharpe Ratio is 1.25, which is lower than the SCHY Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FXLCX and SCHY, 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. 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	-9.23%	-9.11%	-0.12%
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	-2.28%	-0.48%	-1.80%
Average Drawdown Average peak-to-trough decline	-1.49%	-4.93%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	3.19%	-0.92%

Volatility

FXLCX vs. SCHY - Volatility Comparison

Fidelity Flex Large Cap Focused Index Fund (FXLCX) has a higher volatility of 3.53% compared to Schwab International Dividend Equity ETF (SCHY) at 3.10%. This indicates that FXLCX's price experiences larger fluctuations and is considered to be riskier than SCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXLCX	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.10%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	10.07%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	12.03%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	13.27%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	13.18%	-0.19%

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 3.32% 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	3.32%	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 0.47, 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 SCHY?

FXLCX has higher volatility (3.53%) compared to SCHY (3.10%). In terms of maximum drawdown, FXLCX dropped -9.23% vs SCHY's -24.04%.

Which has better risk-adjusted returns?

SCHY currently has the higher Sharpe Ratio (2.39 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.