FZFLX vs. LLSCX
FZFLX (Fidelity SAI Small-Mid Cap 500 Index Fund) and LLSCX (Longleaf Partners Small-Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FZFLX returned 13.18%/yr vs 5.89%/yr for LLSCX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FZFLX charges 0.05%/yr vs 0.95%/yr for LLSCX.
Performance
FZFLX vs. LLSCX - Performance Comparison
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Returns By Period
In the year-to-date period, FZFLX achieves a 26.34% return, which is significantly higher than LLSCX's -3.33% return. Over the past 10 years, FZFLX has outperformed LLSCX with an annualized return of 13.18%, while LLSCX has yielded a comparatively lower 5.89% annualized return.
FZFLX
- 1D
- 0.18%
- 1M
- -3.25%
- 6M
- 16.70%
- YTD
- 26.34%
- 1Y
- 36.30%
- 3Y*
- 18.81%
- 5Y*
- 10.71%
- 10Y*
- 13.18%
- ALL TIME*
- 12.41%
LLSCX
- 1D
- -0.04%
- 1M
- 1.11%
- 6M
- -5.03%
- YTD
- -3.33%
- 1Y
- 1.02%
- 3Y*
- 5.53%
- 5Y*
- 1.99%
- 10Y*
- 5.89%
- ALL TIME*
- 9.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FZFLX vs. LLSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 26.34% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 18.41% |
LLSCX Longleaf Partners Small-Cap Fund | -3.33% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
Correlation
The correlation between FZFLX and LLSCX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2015 | 0.78 |
Over the past year, the correlation between FZFLX and LLSCX has dropped to 0.30 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
FZFLX vs. LLSCX — Risk / Return Rank
FZFLX
LLSCX
FZFLX vs. LLSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Longleaf Partners Small-Cap Fund (LLSCX). 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.
| FZFLX | LLSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | -0.07 | +3.04 |
| Martin ratioReturn relative to average drawdown | 10.71 | -0.15 | +10.86 |
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Drawdowns
FZFLX vs. LLSCX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.03%, smaller than the maximum LLSCX drawdown of -63.97%. Use the drawdown chart below to compare losses from any high point for FZFLX and LLSCX.
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Drawdown Indicators
| FZFLX | LLSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -63.97% | +21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -11.44% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.29% | -15.40% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -26.67% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -42.23% | +0.20% |
Current DrawdownCurrent decline from peak | -8.27% | -7.59% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -8.90% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 5.63% | -2.40% |
Volatility
FZFLX vs. LLSCX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 7.66% compared to Longleaf Partners Small-Cap Fund (LLSCX) at 5.13%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than LLSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZFLX | LLSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 5.13% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 10.25% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.07% | 13.34% | +9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 17.03% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 24.58% | -3.31% |
FZFLX vs. LLSCX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is lower than LLSCX's 0.95% expense ratio.
Dividends
FZFLX vs. LLSCX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 45.72%, more than LLSCX's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 45.72% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
FZFLX and LLSCX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZFLX has higher volatility (7.66%) compared to LLSCX (5.13%). In terms of maximum drawdown, FZFLX dropped -42.03% vs LLSCX's -63.97%.
FZFLX currently has the higher Sharpe Ratio (1.50 vs -0.06), 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.
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