FXLCX vs. SVPFX

Last updated Jul 3, 2026

FXLCX (Fidelity Flex Large Cap Focused Index Fund) and SVPFX (Goldman Sachs Strategic Volatility Premium Fund) are both Large Cap Blend Equities funds. At a 0.33 correlation, their price movements are largely independent. FXLCX charges 0.00%/yr vs 0.38%/yr for SVPFX.

Performance

FXLCX vs. SVPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Goldman Sachs Strategic Volatility Premium Fund (SVPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXLCX achieves a 8.70% return, which is significantly higher than SVPFX's 1.90% return.

FXLCX

• 1D: -0.17%
• 1M: -1.52%
• 6M: 8.70%
• YTD: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SVPFX

• 1D: -0.10%
• 1M: 0.41%
• 6M: 1.90%
• YTD: 1.90%
• 1Y: 5.40%
• 3Y*: 4.76%
• 5Y*: 2.17%
• 10Y*: —

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

FXLCX vs. SVPFX - Yearly Performance Comparison

	2026 (YTD)	2025
FXLCX Fidelity Flex Large Cap Focused Index Fund	8.70%	7.64%
SVPFX Goldman Sachs Strategic Volatility Premium Fund	1.90%	3.43%

Correlation

The correlation between FXLCX and SVPFX is 0.33, 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	0.33

Return for Risk

FXLCX vs. SVPFX — 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.

SVPFX

SVPFX Risk / Return Rank: 93
SVPFX Sharpe Ratio Rank: 90
SVPFX Sortino Ratio Rank: 90
SVPFX Omega Ratio Rank: 90
SVPFX Calmar Ratio Rank: 97
SVPFX 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. SVPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Large Cap Focused Index Fund (FXLCX) and Goldman Sachs Strategic Volatility Premium Fund (SVPFX). 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	SVPFX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.56	—
Sortino ratio: Return per unit of downside risk	—	3.84	—
Omega ratio: Gain probability vs. loss probability	—	1.58	—
Calmar ratio: Return relative to maximum drawdown	—	6.23	—
Martin ratio: Return relative to average drawdown	—	22.90	—

Drawdowns

FXLCX vs. SVPFX - Drawdown Comparison

The maximum FXLCX drawdown since its inception was -9.23%, which is greater than SVPFX's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for FXLCX and SVPFX.

Drawdown Indicators

	FXLCX	SVPFX	Difference
Max Drawdown Largest peak-to-trough decline	-9.23%	-6.37%	-2.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.37%	—
Current Drawdown Current decline from peak	-1.52%	-0.20%	-1.32%
Average Drawdown Average peak-to-trough decline	-1.47%	-1.90%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.39%	—

Volatility

Volatility by Period

	FXLCX	SVPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	2.22%	+10.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	5.61%	+7.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.04%	5.49%	+7.55%

FXLCX vs. SVPFX - Expense Ratio Comparison

FXLCX has a 0.00% expense ratio, which is lower than SVPFX's 0.38% expense ratio.

Dividends

FXLCX vs. SVPFX - Dividend Comparison

FXLCX's dividend yield for the trailing twelve months is around 0.44%, less than SVPFX's 3.19% 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%
SVPFX Goldman Sachs Strategic Volatility Premium Fund	3.19%	1.83%	4.37%	4.29%	0.76%	0.38%

Frequently Asked Questions

Can I hold both FXLCX and SVPFX in my portfolio?

FXLCX and SVPFX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.