LRGC vs. FGLGX

Last updated Jun 23, 2026

LRGC (AB US Large Cap Strategic Equities ETF) and FGLGX (Fidelity Series Large Cap Stock Fund) are both Large Cap Blend Equities funds. Over the past year, LRGC returned 22.28% vs 31.68% for FGLGX. Their correlation of 0.92 suggests significant overlap in exposure. LRGC charges 0.48%/yr vs 0.00%/yr for FGLGX.

Performance

LRGC vs. FGLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US Large Cap Strategic Equities ETF (LRGC) and Fidelity Series Large Cap Stock Fund (FGLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LRGC achieves a 6.99% return, which is significantly lower than FGLGX's 10.45% return.

LRGC

• 1D: -0.64%
• 1M: 0.33%
• YTD: 6.99%
• 6M: 6.94%
• 1Y: 22.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FGLGX

• 1D: 0.99%
• 1M: 1.38%
• YTD: 10.45%
• 6M: 10.41%
• 1Y: 31.68%
• 3Y*: 25.81%
• 5Y*: 17.87%
• 10Y*: 16.67%

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

LRGC vs. FGLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LRGC AB US Large Cap Strategic Equities ETF	6.99%	16.23%	24.92%	8.11%
FGLGX Fidelity Series Large Cap Stock Fund	10.45%	28.57%	27.45%	7.11%

Correlation

The correlation between LRGC and FGLGX is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.92

The correlation between LRGC and FGLGX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

LRGC vs. FGLGX — Risk / Return Rank

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

LRGC

LRGC Risk / Return Rank: 52
LRGC Sharpe Ratio Rank: 55
LRGC Sortino Ratio Rank: 53
LRGC Omega Ratio Rank: 54
LRGC Calmar Ratio Rank: 46
LRGC Martin Ratio Rank: 54

FGLGX

FGLGX Risk / Return Rank: 80
FGLGX Sharpe Ratio Rank: 83
FGLGX Sortino Ratio Rank: 78
FGLGX Omega Ratio Rank: 75
FGLGX Calmar Ratio Rank: 79
FGLGX Martin Ratio Rank: 87

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.

LRGC vs. FGLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US Large Cap Strategic Equities ETF (LRGC) and Fidelity Series Large Cap Stock Fund (FGLGX). 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.

	LRGC	FGLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.48	-0.68
Sortino ratio: Return per unit of downside risk	2.48	3.40	-0.92
Omega ratio: Gain probability vs. loss probability	1.32	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	2.24	3.36	-1.13
Martin ratio: Return relative to average drawdown	9.18	15.20	-6.03

LRGC vs. FGLGX - Sharpe Ratio Comparison

The current LRGC Sharpe Ratio is 1.80, which is comparable to the FGLGX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of LRGC and FGLGX, 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

LRGC vs. FGLGX - Drawdown Comparison

The maximum LRGC drawdown since its inception was -19.38%, smaller than the maximum FGLGX drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for LRGC and FGLGX.

Drawdown Indicators

	LRGC	FGLGX	Difference
Max Drawdown Largest peak-to-trough decline	-19.38%	-36.42%	+17.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-9.43%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.42%	—
Current Drawdown Current decline from peak	-1.21%	-0.24%	-0.97%
Average Drawdown Average peak-to-trough decline	-2.19%	-3.77%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	2.08%	+0.35%

Volatility

LRGC vs. FGLGX - Volatility Comparison

AB US Large Cap Strategic Equities ETF (LRGC) and Fidelity Series Large Cap Stock Fund (FGLGX) have volatilities of 4.37% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRGC	FGLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	4.38%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	9.99%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	12.78%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	16.95%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	18.40%	-3.12%

LRGC vs. FGLGX - Expense Ratio Comparison

LRGC has a 0.48% expense ratio, which is higher than FGLGX's 0.00% expense ratio.

Dividends

LRGC vs. FGLGX - Dividend Comparison

LRGC's dividend yield for the trailing twelve months is around 0.54%, less than FGLGX's 8.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGLGX Fidelity Series Large Cap Stock Fund	8.91%	9.84%	7.99%	5.29%	6.55%	9.22%	5.36%	7.25%	12.29%	4.61%	1.69%	5.94%
LRGC AB US Large Cap Strategic Equities ETF	0.54%	0.58%	0.46%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LRGC and FGLGX in my portfolio?

With a correlation of 0.94, LRGC and FGLGX 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, LRGC or FGLGX?

FGLGX has higher volatility (4.38%) compared to LRGC (4.37%). In terms of maximum drawdown, LRGC dropped -19.38% vs FGLGX's -36.42%.

Which has better risk-adjusted returns?

FGLGX currently has the higher Sharpe Ratio (2.48 vs 1.80), 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.