LCLAX vs. FSMAX
Compare and contrast key facts about ClearBridge Select Fund Class A (LCLAX) and Fidelity Extended Market Index Fund (FSMAX).
LCLAX is managed by Franklin Templeton. It was launched on Sep 23, 2013. FSMAX is managed by Fidelity.
Performance
LCLAX vs. FSMAX - Performance Comparison
Loading graphics...
LCLAX vs. FSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCLAX ClearBridge Select Fund Class A | -10.74% | 6.87% | 21.13% | 23.82% | -33.28% | 19.86% | 58.29% | 33.03% | 10.18% | 38.69% |
FSMAX Fidelity Extended Market Index Fund | -4.54% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
Returns By Period
In the year-to-date period, LCLAX achieves a -10.74% return, which is significantly lower than FSMAX's -4.54% return. Over the past 10 years, LCLAX has outperformed FSMAX with an annualized return of 15.27%, while FSMAX has yielded a comparatively lower 10.54% annualized return.
LCLAX
- 1D
- -0.68%
- 1M
- -8.34%
- YTD
- -10.74%
- 6M
- -12.89%
- 1Y
- 4.90%
- 3Y*
- 9.74%
- 5Y*
- 1.57%
- 10Y*
- 15.27%
FSMAX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.77%
- 3Y*
- 13.78%
- 5Y*
- 3.66%
- 10Y*
- 10.54%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LCLAX vs. FSMAX - Expense Ratio Comparison
LCLAX has a 1.10% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Return for Risk
LCLAX vs. FSMAX — Risk / Return Rank
LCLAX
FSMAX
LCLAX vs. FSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Select Fund Class A (LCLAX) and Fidelity Extended Market Index Fund (FSMAX). 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.
| LCLAX | FSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.72 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.48 | 1.16 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.16 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.95 | -0.76 |
Martin ratioReturn relative to average drawdown | 0.62 | 3.91 | -3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LCLAX | FSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.72 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.16 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.35 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.41 | +0.17 |
Correlation
The correlation between LCLAX and FSMAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LCLAX vs. FSMAX - Dividend Comparison
LCLAX has not paid dividends to shareholders, while FSMAX's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCLAX ClearBridge Select Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 3.38% | 0.00% | 0.00% | 1.31% | 2.15% | 1.13% | 5.31% |
FSMAX Fidelity Extended Market Index Fund | 0.60% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
Drawdowns
LCLAX vs. FSMAX - Drawdown Comparison
The maximum LCLAX drawdown since its inception was -43.64%, smaller than the maximum FSMAX drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for LCLAX and FSMAX.
Loading graphics...
Drawdown Indicators
| LCLAX | FSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.64% | -50.55% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -14.64% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -43.64% | -36.31% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -50.55% | +6.91% |
Current DrawdownCurrent decline from peak | -14.36% | -10.26% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -12.29% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 3.54% | +0.85% |
Volatility
LCLAX vs. FSMAX - Volatility Comparison
The current volatility for ClearBridge Select Fund Class A (LCLAX) is 5.55%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 6.01%. This indicates that LCLAX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LCLAX | FSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.01% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 13.07% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 22.79% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 22.32% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 30.19% | -8.29% |