GSLC vs. FCPIX

Last updated Jun 3, 2026

GSLC (Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF) and FCPIX (Fidelity Advisor International Capital Appreciation Fund Class I) are both funds - GSLC is a Large Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index, while FCPIX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, GSLC returned 14.72%/yr vs 10.21%/yr for FCPIX. Their correlation of 0.81 suggests significant overlap in exposure. GSLC charges 0.09%/yr vs 0.97%/yr for FCPIX.

Performance

GSLC vs. FCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GSLC having a 9.23% return and FCPIX slightly lower at 8.97%. Over the past 10 years, GSLC has outperformed FCPIX with an annualized return of 14.72%, while FCPIX has yielded a comparatively lower 10.21% annualized return.

GSLC

• 1D: 0.14%
• 1M: 4.85%
• YTD: 9.23%
• 6M: 9.80%
• 1Y: 24.99%
• 3Y*: 21.12%
• 5Y*: 13.05%
• 10Y*: 14.72%

FCPIX

• 1D: 0.31%
• 1M: 4.24%
• YTD: 8.97%
• 6M: 11.87%
• 1Y: 12.26%
• 3Y*: 15.44%
• 5Y*: 6.82%
• 10Y*: 10.21%

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

GSLC vs. FCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	9.23%	16.17%	24.21%	25.09%	-18.71%	27.17%	19.02%	30.74%	-4.07%	22.49%
FCPIX Fidelity Advisor International Capital Appreciation Fund Class I	8.97%	18.68%	8.02%	27.64%	-26.55%	12.26%	22.23%	32.75%	-12.79%	35.88%

Correlation

The correlation between GSLC and FCPIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 22, 2015	0.81

The correlation between GSLC and FCPIX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

GSLC vs. FCPIX — Risk / Return Rank

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

GSLC

GSLC Risk / Return Rank: 62
GSLC Sharpe Ratio Rank: 63
GSLC Sortino Ratio Rank: 63
GSLC Omega Ratio Rank: 63
GSLC Calmar Ratio Rank: 54
GSLC Martin Ratio Rank: 65

FCPIX

FCPIX Risk / Return Rank: 10
FCPIX Sharpe Ratio Rank: 9
FCPIX Sortino Ratio Rank: 9
FCPIX Omega Ratio Rank: 9
FCPIX Calmar Ratio Rank: 9
FCPIX Martin Ratio Rank: 11

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.

GSLC vs. FCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX). 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.

	GSLC	FCPIX	Difference
Sharpe ratio Return per unit of total volatility	2.15	0.77	+1.38
Sortino ratio Return per unit of downside risk	2.95	1.21	+1.74
Omega ratio Gain probability vs. loss probability	1.39	1.15	+0.24
Calmar ratio Return relative to maximum drawdown	2.70	0.92	+1.78
Martin ratio Return relative to average drawdown	12.04	3.51	+8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSLC vs. FCPIX - Sharpe Ratio Comparison

The current GSLC Sharpe Ratio is 2.15, which is higher than the FCPIX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of GSLC and FCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSLC	FCPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	0.77	+1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.36	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.57	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.38	+0.44

Drawdowns

GSLC vs. FCPIX - Drawdown Comparison

The maximum GSLC drawdown since its inception was -33.69%, smaller than the maximum FCPIX drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for GSLC and FCPIX.

Drawdown Indicators

	GSLC	FCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.69%	-67.79%	+34.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	-14.45%	+4.96%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-16.28%	-2.38%
Max Drawdown (5Y) Largest decline over 5 years	-24.90%	-37.24%	+12.34%
Max Drawdown (10Y) Largest decline over 10 years	-33.69%	-37.24%	+3.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.39%	-15.77%	+11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.80%	-1.67%

Volatility

GSLC vs. FCPIX - Volatility Comparison

The current volatility for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is 2.65%, while Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX) has a volatility of 6.57%. This indicates that GSLC experiences smaller price fluctuations and is considered to be less risky than FCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSLC	FCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	6.57%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	15.02%	-6.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	17.18%	-5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	18.80%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	18.06%	-0.38%

GSLC vs. FCPIX - Expense Ratio Comparison

GSLC has a 0.09% expense ratio, which is lower than FCPIX's 0.97% expense ratio.

Dividends

GSLC vs. FCPIX - Dividend Comparison

GSLC's dividend yield for the trailing twelve months is around 0.92%, less than FCPIX's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPIX Fidelity Advisor International Capital Appreciation Fund Class I	4.99%	5.44%	0.70%	0.36%	0.00%	3.79%	0.11%	0.54%	0.54%	0.21%	0.37%	0.24%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	0.92%	1.00%	1.11%	1.38%	1.61%	1.06%	1.35%	1.54%	1.89%	1.69%	1.69%	0.36%

Frequently Asked Questions

Can I hold both GSLC and FCPIX in my portfolio?

GSLC and FCPIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSLC or FCPIX?

FCPIX has higher volatility (6.57%) compared to GSLC (2.65%). In terms of maximum drawdown, GSLC dropped -33.69% vs FCPIX's -67.79%.

Which has better risk-adjusted returns?

GSLC currently has the higher Sharpe Ratio (2.15 vs 0.77), 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.