GSPCX vs. FLCKX

Last updated Jun 24, 2026

GSPCX (Goldman Sachs Large Cap Equity Fund Class C) and FLCKX (Fidelity Leveraged Company Stock Fund Class K) are both Large Cap Blend Equities funds. Over the past 10 years, GSPCX returned 18.84%/yr vs 16.64%/yr for FLCKX. Their correlation of 0.90 suggests significant overlap in exposure. GSPCX charges 1.75%/yr vs 0.65%/yr for FLCKX.

Performance

GSPCX vs. FLCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Large Cap Equity Fund Class C (GSPCX) and Fidelity Leveraged Company Stock Fund Class K (FLCKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSPCX achieves a 9.60% return, which is significantly lower than FLCKX's 27.04% return. Over the past 10 years, GSPCX has outperformed FLCKX with an annualized return of 18.84%, while FLCKX has yielded a comparatively lower 16.64% annualized return.

GSPCX

• 1D: -0.48%
• 1M: 1.70%
• YTD: 9.60%
• 6M: 8.56%
• 1Y: 22.93%
• 3Y*: 33.04%
• 5Y*: 18.72%
• 10Y*: 18.84%

FLCKX

• 1D: 1.44%
• 1M: 9.27%
• YTD: 27.04%
• 6M: 25.37%
• 1Y: 44.85%
• 3Y*: 29.90%
• 5Y*: 15.42%
• 10Y*: 16.64%

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

GSPCX vs. FLCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSPCX Goldman Sachs Large Cap Equity Fund Class C	9.60%	14.92%	69.40%	25.53%	-20.38%	23.47%	21.83%	31.34%	-3.48%	30.86%
FLCKX Fidelity Leveraged Company Stock Fund Class K	27.04%	20.45%	27.06%	26.21%	-22.91%	26.19%	26.85%	35.76%	-16.34%	20.95%

Correlation

The correlation between GSPCX and FLCKX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.90

The correlation between GSPCX and FLCKX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

GSPCX vs. FLCKX — Risk / Return Rank

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

GSPCX

GSPCX Risk / Return Rank: 48
GSPCX Sharpe Ratio Rank: 47
GSPCX Sortino Ratio Rank: 44
GSPCX Omega Ratio Rank: 45
GSPCX Calmar Ratio Rank: 48
GSPCX Martin Ratio Rank: 58

FLCKX

FLCKX Risk / Return Rank: 63
FLCKX Sharpe Ratio Rank: 60
FLCKX Sortino Ratio Rank: 49
FLCKX Omega Ratio Rank: 51
FLCKX Calmar Ratio Rank: 82
FLCKX Martin Ratio Rank: 74

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.

GSPCX vs. FLCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Equity Fund Class C (GSPCX) and Fidelity Leveraged Company Stock Fund Class K (FLCKX). 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.

	GSPCX	FLCKX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.10	-0.24
Sortino ratio: Return per unit of downside risk	2.57	2.71	-0.14
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	2.52	3.59	-1.07
Martin ratio: Return relative to average drawdown	10.95	13.05	-2.10

GSPCX vs. FLCKX - Sharpe Ratio Comparison

The current GSPCX Sharpe Ratio is 1.86, which is comparable to the FLCKX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of GSPCX and FLCKX, 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

GSPCX vs. FLCKX - Drawdown Comparison

The maximum GSPCX drawdown since its inception was -59.80%, smaller than the maximum FLCKX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for GSPCX and FLCKX.

Drawdown Indicators

	GSPCX	FLCKX	Difference
Max Drawdown Largest peak-to-trough decline	-59.80%	-69.99%	+10.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-13.03%	+3.35%
Max Drawdown (3Y) Largest decline over 3 years	-36.72%	-28.52%	-8.20%
Max Drawdown (5Y) Largest decline over 5 years	-36.72%	-28.52%	-8.20%
Max Drawdown (10Y) Largest decline over 10 years	-36.72%	-44.10%	+7.38%
Current Drawdown Current decline from peak	-5.13%	0.00%	-5.13%
Average Drawdown Average peak-to-trough decline	-15.29%	-12.39%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	3.57%	-1.35%

Volatility

GSPCX vs. FLCKX - Volatility Comparison

The current volatility for Goldman Sachs Large Cap Equity Fund Class C (GSPCX) is 4.99%, while Fidelity Leveraged Company Stock Fund Class K (FLCKX) has a volatility of 9.06%. This indicates that GSPCX experiences smaller price fluctuations and is considered to be less risky than FLCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSPCX	FLCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	9.06%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	18.28%	-7.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	22.29%	-9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.12%	23.09%	+18.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.15%	23.52%	+8.63%

GSPCX vs. FLCKX - Expense Ratio Comparison

GSPCX has a 1.75% expense ratio, which is higher than FLCKX's 0.65% expense ratio.

Dividends

GSPCX vs. FLCKX - Dividend Comparison

GSPCX's dividend yield for the trailing twelve months is around 32.07%, more than FLCKX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCKX Fidelity Leveraged Company Stock Fund Class K	3.69%	4.69%	14.54%	12.22%	18.51%	8.45%	0.19%	0.14%	19.95%	18.97%	27.57%	6.18%
GSPCX Goldman Sachs Large Cap Equity Fund Class C	32.07%	35.15%	60.78%	0.59%	17.48%	20.15%	6.00%	6.15%	79.73%	11.58%	1.81%	11.21%

Frequently Asked Questions

Can I hold both GSPCX and FLCKX in my portfolio?

GSPCX and FLCKX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSPCX or FLCKX?

FLCKX has higher volatility (9.06%) compared to GSPCX (4.99%). In terms of maximum drawdown, GSPCX dropped -59.80% vs FLCKX's -69.99%.

Which has better risk-adjusted returns?

FLCKX currently has the higher Sharpe Ratio (2.10 vs 1.86), 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.