MADFX vs. FLCSX

Last updated Jun 23, 2026

MADFX (Matrix Advisors Dividend Fund) and FLCSX (Fidelity Large Cap Stock Fund) are both mutual funds - MADFX is a Large Cap Value Equities fund managed by Matrix Advisors Funds Trust, while FLCSX is a Large Cap Blend Equities fund actively managed by Fidelity Investments. Over the past 5 years, MADFX returned 11.23%/yr vs 16.84%/yr for FLCSX. Their correlation of 0.84 suggests significant overlap in exposure. MADFX charges 1.23%/yr vs 0.75%/yr for FLCSX.

Performance

MADFX vs. FLCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matrix Advisors Dividend Fund (MADFX) and Fidelity Large Cap Stock Fund (FLCSX). 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 MADFX having a 10.32% return and FLCSX slightly lower at 10.04%.

MADFX

• 1D: 0.53%
• 1M: -0.10%
• YTD: 10.32%
• 6M: 9.25%
• 1Y: 21.41%
• 3Y*: 17.21%
• 5Y*: 11.23%
• 10Y*: —

FLCSX

• 1D: 0.98%
• 1M: 1.34%
• YTD: 10.04%
• 6M: 9.97%
• 1Y: 30.34%
• 3Y*: 24.69%
• 5Y*: 16.84%
• 10Y*: 15.57%

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

MADFX vs. FLCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MADFX Matrix Advisors Dividend Fund	10.32%	16.30%	14.30%	8.49%	-4.47%	24.08%	-0.03%	27.35%	-5.36%	11.80%
FLCSX Fidelity Large Cap Stock Fund	10.04%	27.49%	26.31%	23.51%	-8.02%	25.80%	9.05%	31.59%	-13.62%	17.86%

Correlation

The correlation between MADFX and FLCSX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.84

The correlation between MADFX and FLCSX shifts across timeframes, from 0.66 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MADFX vs. FLCSX — Risk / Return Rank

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

MADFX

MADFX Risk / Return Rank: 48
MADFX Sharpe Ratio Rank: 50
MADFX Sortino Ratio Rank: 55
MADFX Omega Ratio Rank: 47
MADFX Calmar Ratio Rank: 46
MADFX Martin Ratio Rank: 44

FLCSX

FLCSX Risk / Return Rank: 76
FLCSX Sharpe Ratio Rank: 79
FLCSX Sortino Ratio Rank: 75
FLCSX Omega Ratio Rank: 72
FLCSX Calmar Ratio Rank: 74
FLCSX Martin Ratio Rank: 83

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.

MADFX vs. FLCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matrix Advisors Dividend Fund (MADFX) and Fidelity Large Cap Stock Fund (FLCSX). 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.

	MADFX	FLCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.39	-0.46
Sortino ratio: Return per unit of downside risk	2.84	3.29	-0.44
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	2.46	3.18	-0.72
Martin ratio: Return relative to average drawdown	8.88	14.38	-5.50

MADFX vs. FLCSX - Sharpe Ratio Comparison

The current MADFX Sharpe Ratio is 1.93, which is comparable to the FLCSX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MADFX and FLCSX, 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

MADFX vs. FLCSX - Drawdown Comparison

The maximum MADFX drawdown since its inception was -33.17%, smaller than the maximum FLCSX drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for MADFX and FLCSX.

Drawdown Indicators

	MADFX	FLCSX	Difference
Max Drawdown Largest peak-to-trough decline	-33.17%	-63.67%	+30.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-9.55%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.05%	-18.82%	+4.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.74%	-21.69%	+2.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.11%	—
Current Drawdown Current decline from peak	-1.01%	-0.28%	-0.73%
Average Drawdown Average peak-to-trough decline	-4.63%	-13.80%	+9.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.11%	+0.33%

Volatility

MADFX vs. FLCSX - Volatility Comparison

The current volatility for Matrix Advisors Dividend Fund (MADFX) is 4.05%, while Fidelity Large Cap Stock Fund (FLCSX) has a volatility of 4.40%. This indicates that MADFX experiences smaller price fluctuations and is considered to be less risky than FLCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MADFX	FLCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.40%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	9.97%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	12.71%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	16.91%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	18.68%	-1.90%

MADFX vs. FLCSX - Expense Ratio Comparison

MADFX has a 1.23% expense ratio, which is higher than FLCSX's 0.75% expense ratio.

Dividends

MADFX vs. FLCSX - Dividend Comparison

MADFX's dividend yield for the trailing twelve months is around 7.59%, less than FLCSX's 8.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCSX Fidelity Large Cap Stock Fund	8.98%	6.50%	4.26%	2.83%	3.07%	4.71%	3.93%	5.43%	7.63%	3.25%	3.61%	4.55%
MADFX Matrix Advisors Dividend Fund	7.59%	8.26%	2.06%	2.10%	8.23%	2.74%	2.61%	3.25%	2.65%	2.53%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MADFX and FLCSX in my portfolio?

MADFX and FLCSX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MADFX or FLCSX?

FLCSX has higher volatility (4.40%) compared to MADFX (4.05%). In terms of maximum drawdown, MADFX dropped -33.17% vs FLCSX's -63.67%.

Which has better risk-adjusted returns?

FLCSX currently has the higher Sharpe Ratio (2.39 vs 1.93), 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.