PFFSX vs. FLCPX

Last updated Jun 24, 2026

PFFSX (PFG Sector Equity Business Cycle Strategy Fund) and FLCPX (Fidelity SAI U.S. Large Cap Index Fund) are both Large Cap Blend Equities funds. Over the past 5 years, PFFSX returned 15.14%/yr vs 13.62%/yr for FLCPX. Their correlation of 0.93 suggests significant overlap in exposure. PFFSX charges 2.03%/yr vs 0.02%/yr for FLCPX.

Performance

PFFSX vs. FLCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PFG Sector Equity Business Cycle Strategy Fund (PFFSX) 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, PFFSX achieves a 13.56% return, which is significantly higher than FLCPX's 9.81% return.

PFFSX

• 1D: -0.32%
• 1M: 0.33%
• YTD: 13.56%
• 6M: 12.15%
• 1Y: 27.99%
• 3Y*: 22.94%
• 5Y*: 15.14%
• 10Y*: —

FLCPX

• 1D: -0.37%
• 1M: 0.10%
• YTD: 9.81%
• 6M: 8.81%
• 1Y: 25.50%
• 3Y*: 21.42%
• 5Y*: 13.62%
• 10Y*: 15.80%

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

PFFSX vs. FLCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PFFSX PFG Sector Equity Business Cycle Strategy Fund	13.56%	16.17%	30.14%	18.01%	-11.57%	26.30%	24.12%
FLCPX Fidelity SAI U.S. Large Cap Index Fund	9.81%	17.84%	25.08%	26.25%	-18.06%	28.61%	30.55%

Correlation

The correlation between PFFSX and FLCPX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 1, 2020	0.93

The correlation between PFFSX and FLCPX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

PFFSX vs. FLCPX — Risk / Return Rank

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

PFFSX

PFFSX Risk / Return Rank: 61
PFFSX Sharpe Ratio Rank: 61
PFFSX Sortino Ratio Rank: 54
PFFSX Omega Ratio Rank: 56
PFFSX Calmar Ratio Rank: 64
PFFSX Martin Ratio Rank: 68

FLCPX

FLCPX Risk / Return Rank: 66
FLCPX Sharpe Ratio Rank: 64
FLCPX Sortino Ratio Rank: 58
FLCPX Omega Ratio Rank: 59
FLCPX Calmar Ratio Rank: 68
FLCPX Martin Ratio Rank: 79

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.

PFFSX vs. FLCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PFG Sector Equity Business Cycle Strategy Fund (PFFSX) 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.

	PFFSX	FLCPX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.16	-0.04
Sortino ratio: Return per unit of downside risk	2.83	2.92	-0.09
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	2.94	3.03	-0.09
Martin ratio: Return relative to average drawdown	12.32	13.66	-1.35

PFFSX vs. FLCPX - Sharpe Ratio Comparison

The current PFFSX Sharpe Ratio is 2.12, which is comparable to the FLCPX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of PFFSX 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

PFFSX vs. FLCPX - Drawdown Comparison

The maximum PFFSX drawdown since its inception was -24.92%, smaller than the maximum FLCPX drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for PFFSX and FLCPX.

Drawdown Indicators

	PFFSX	FLCPX	Difference
Max Drawdown Largest peak-to-trough decline	-24.92%	-33.87%	+8.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-8.89%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-21.45%	-18.76%	-2.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-24.40%	-0.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-1.66%	-1.71%	+0.05%
Average Drawdown Average peak-to-trough decline	-5.94%	-4.17%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	1.97%	+0.43%

Volatility

PFFSX vs. FLCPX - Volatility Comparison

PFG Sector Equity Business Cycle Strategy Fund (PFFSX) has a higher volatility of 5.05% compared to Fidelity SAI U.S. Large Cap Index Fund (FLCPX) at 4.67%. This indicates that PFFSX'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

	PFFSX	FLCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	4.67%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	9.90%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	12.51%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.87%	17.16%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	18.21%	+0.60%

PFFSX vs. FLCPX - Expense Ratio Comparison

PFFSX has a 2.03% expense ratio, which is higher than FLCPX's 0.02% expense ratio.

Dividends

PFFSX vs. FLCPX - Dividend Comparison

PFFSX's dividend yield for the trailing twelve months is around 15.14%, more 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%
PFFSX PFG Sector Equity Business Cycle Strategy Fund	15.14%	17.19%	19.78%	2.40%	10.90%	6.73%	5.51%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFFSX and FLCPX in my portfolio?

With a correlation of 0.95, PFFSX 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, PFFSX or FLCPX?

PFFSX has higher volatility (5.05%) compared to FLCPX (4.67%). In terms of maximum drawdown, PFFSX dropped -24.92% vs FLCPX's -33.87%.

Which has better risk-adjusted returns?

FLCPX currently has the higher Sharpe Ratio (2.16 vs 2.12), 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.