GSSQX vs. FLCPX

Last updated Jun 23, 2026

GSSQX (Goldman Sachs U.S. Equity Insights Fund) and FLCPX (Fidelity SAI U.S. Large Cap Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, GSSQX returned 16.00%/yr vs 15.58%/yr for FLCPX. With a 0.97 correlation, they move nearly in lockstep. GSSQX charges 0.92%/yr vs 0.02%/yr for FLCPX.

Performance

GSSQX vs. FLCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs U.S. Equity Insights Fund (GSSQX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSSQX achieves a 7.07% return, which is significantly lower than FLCPX's 10.21% return. Both investments have delivered pretty close results over the past 10 years, with GSSQX having a 16.00% annualized return and FLCPX not far behind at 15.58%.

GSSQX

• 1D: 1.06%
• 1M: -0.06%
• YTD: 7.07%
• 6M: 6.35%
• 1Y: 24.33%
• 3Y*: 26.60%
• 5Y*: 16.00%
• 10Y*: 16.00%

FLCPX

• 1D: 1.11%
• 1M: 0.47%
• YTD: 10.21%
• 6M: 9.69%
• 1Y: 27.18%
• 3Y*: 21.00%
• 5Y*: 14.11%
• 10Y*: 15.58%

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

GSSQX vs. FLCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSSQX Goldman Sachs U.S. Equity Insights Fund	7.07%	15.15%	51.06%	23.14%	-19.63%	28.81%	17.81%	25.41%	-6.81%	23.45%
FLCPX Fidelity SAI U.S. Large Cap Index Fund	10.21%	17.84%	25.08%	26.25%	-18.06%	28.61%	18.24%	31.59%	-4.38%	21.74%

Correlation

The correlation between GSSQX and FLCPX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Feb 12, 2016	0.97

The correlation between GSSQX and FLCPX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

GSSQX vs. FLCPX — Risk / Return Rank

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

GSSQX

GSSQX Risk / Return Rank: 48
GSSQX Sharpe Ratio Rank: 51
GSSQX Sortino Ratio Rank: 47
GSSQX Omega Ratio Rank: 49
GSSQX Calmar Ratio Rank: 40
GSSQX Martin Ratio Rank: 51

FLCPX

FLCPX Risk / Return Rank: 67
FLCPX Sharpe Ratio Rank: 65
FLCPX Sortino Ratio Rank: 58
FLCPX Omega Ratio Rank: 60
FLCPX Calmar Ratio Rank: 69
FLCPX Martin Ratio Rank: 80

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.

GSSQX vs. FLCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Insights Fund (GSSQX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX). 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.

	GSSQX	FLCPX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.18	-0.24
Sortino ratio: Return per unit of downside risk	2.67	2.94	-0.27
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.30	3.05	-0.75
Martin ratio: Return relative to average drawdown	9.82	13.79	-3.96

GSSQX vs. FLCPX - Sharpe Ratio Comparison

The current GSSQX Sharpe Ratio is 1.94, which is comparable to the FLCPX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of GSSQX and FLCPX, 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

GSSQX vs. FLCPX - Drawdown Comparison

The maximum GSSQX drawdown since its inception was -55.61%, which is greater than FLCPX's maximum drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for GSSQX and FLCPX.

Drawdown Indicators

	GSSQX	FLCPX	Difference
Max Drawdown Largest peak-to-trough decline	-55.61%	-33.87%	-21.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-8.89%	-1.70%
Max Drawdown (3Y) Largest decline over 3 years	-30.23%	-18.76%	-11.47%
Max Drawdown (5Y) Largest decline over 5 years	-30.23%	-24.40%	-5.83%
Max Drawdown (10Y) Largest decline over 10 years	-34.47%	-33.87%	-0.60%
Current Drawdown Current decline from peak	-1.39%	-1.35%	-0.04%
Average Drawdown Average peak-to-trough decline	-9.80%	-4.18%	-5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	1.96%	+0.51%

Volatility

GSSQX vs. FLCPX - Volatility Comparison

The current volatility for Goldman Sachs U.S. Equity Insights Fund (GSSQX) is 4.43%, while Fidelity SAI U.S. Large Cap Index Fund (FLCPX) has a volatility of 4.76%. This indicates that GSSQX experiences smaller price fluctuations and is considered to be less risky than FLCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSSQX	FLCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.76%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	9.90%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	12.48%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.06%	17.16%	+6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	18.20%	+3.70%

GSSQX vs. FLCPX - Expense Ratio Comparison

GSSQX has a 0.92% expense ratio, which is higher than FLCPX's 0.02% expense ratio.

Dividends

GSSQX vs. FLCPX - Dividend Comparison

GSSQX's dividend yield for the trailing twelve months is around 11.73%, more than FLCPX's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCPX Fidelity SAI U.S. Large Cap Index Fund	0.51%	0.56%	6.11%	7.05%	11.23%	10.38%	3.93%	1.74%	2.18%	1.57%	0.76%	0.00%
GSSQX Goldman Sachs U.S. Equity Insights Fund	11.73%	12.56%	31.49%	2.52%	0.73%	26.89%	4.31%	1.37%	4.35%	10.37%	4.05%	4.01%

Frequently Asked Questions

Can I hold both GSSQX and FLCPX in my portfolio?

With a correlation of 0.98, GSSQX and FLCPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GSSQX or FLCPX?

FLCPX has higher volatility (4.76%) compared to GSSQX (4.43%). In terms of maximum drawdown, GSSQX dropped -55.61% vs FLCPX's -33.87%.

Which has better risk-adjusted returns?

FLCPX currently has the higher Sharpe Ratio (2.18 vs 1.94), 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.