MEFOX vs. FLCPX

Last updated Jun 23, 2026

MEFOX (Meehan Focus Fund) and FLCPX (Fidelity SAI U.S. Large Cap Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, MEFOX returned 17.08%/yr vs 15.58%/yr for FLCPX. Their correlation of 0.95 suggests significant overlap in exposure. MEFOX charges 1.01%/yr vs 0.02%/yr for FLCPX.

Performance

MEFOX vs. FLCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meehan Focus Fund (MEFOX) 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, MEFOX achieves a 13.15% return, which is significantly higher than FLCPX's 10.21% return. Over the past 10 years, MEFOX has outperformed FLCPX with an annualized return of 17.08%, while FLCPX has yielded a comparatively lower 15.58% annualized return.

MEFOX

• 1D: 1.54%
• 1M: 3.19%
• YTD: 13.15%
• 6M: 13.08%
• 1Y: 36.42%
• 3Y*: 25.07%
• 5Y*: 16.73%
• 10Y*: 17.08%

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)

MEFOX vs. FLCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEFOX Meehan Focus Fund	13.15%	21.08%	26.12%	35.45%	-20.75%	35.58%	20.45%	33.19%	-7.53%	21.89%
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 MEFOX and FLCPX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 12, 2016	0.95

The correlation between MEFOX and FLCPX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

MEFOX vs. FLCPX — Risk / Return Rank

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

MEFOX

MEFOX Risk / Return Rank: 77
MEFOX Sharpe Ratio Rank: 81
MEFOX Sortino Ratio Rank: 74
MEFOX Omega Ratio Rank: 70
MEFOX Calmar Ratio Rank: 77
MEFOX Martin Ratio Rank: 83

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.

MEFOX vs. FLCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meehan Focus Fund (MEFOX) 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.

	MEFOX	FLCPX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.18	+0.26
Sortino ratio: Return per unit of downside risk	3.28	2.94	+0.34
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.31	3.05	+0.26
Martin ratio: Return relative to average drawdown	14.41	13.79	+0.62

MEFOX vs. FLCPX - Sharpe Ratio Comparison

The current MEFOX Sharpe Ratio is 2.43, which is comparable to the FLCPX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of MEFOX 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

MEFOX vs. FLCPX - Drawdown Comparison

The maximum MEFOX drawdown since its inception was -54.83%, which is greater than FLCPX's maximum drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for MEFOX and FLCPX.

Drawdown Indicators

	MEFOX	FLCPX	Difference
Max Drawdown Largest peak-to-trough decline	-54.83%	-33.87%	-20.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-8.89%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-18.76%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-26.19%	-24.40%	-1.79%
Max Drawdown (10Y) Largest decline over 10 years	-36.38%	-33.87%	-2.51%
Current Drawdown Current decline from peak	0.00%	-1.35%	+1.35%
Average Drawdown Average peak-to-trough decline	-9.10%	-4.18%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.96%	+0.54%

Volatility

MEFOX vs. FLCPX - Volatility Comparison

Meehan Focus Fund (MEFOX) has a higher volatility of 5.02% compared to Fidelity SAI U.S. Large Cap Index Fund (FLCPX) at 4.76%. This indicates that MEFOX's price experiences larger fluctuations and is considered to be riskier than FLCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEFOX	FLCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	4.76%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	9.90%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	12.48%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	17.16%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	18.20%	+1.44%

MEFOX vs. FLCPX - Expense Ratio Comparison

MEFOX has a 1.01% expense ratio, which is higher than FLCPX's 0.02% expense ratio.

Dividends

MEFOX vs. FLCPX - Dividend Comparison

MEFOX's dividend yield for the trailing twelve months is around 0.14%, less than FLCPX's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
MEFOX Meehan Focus Fund	0.14%	0.16%	0.94%	0.37%	0.80%	3.55%	1.09%	3.55%	2.84%	0.57%	0.37%

Frequently Asked Questions

Can I hold both MEFOX and FLCPX in my portfolio?

With a correlation of 0.90, MEFOX 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, MEFOX or FLCPX?

MEFOX has higher volatility (5.02%) compared to FLCPX (4.76%). In terms of maximum drawdown, MEFOX dropped -54.83% vs FLCPX's -33.87%.

Which has better risk-adjusted returns?

MEFOX currently has the higher Sharpe Ratio (2.43 vs 2.18), 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.