SOAVX vs. FLCPX

Last updated Jun 5, 2026

SOAVX (Spirit of America Large Cap Value Fund) and FLCPX (Fidelity SAI U.S. Large Cap Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, SOAVX returned 15.53%/yr vs 15.58%/yr for FLCPX. With a 0.97 correlation, they move nearly in lockstep. SOAVX charges 1.50%/yr vs 0.02%/yr for FLCPX.

Performance

SOAVX vs. FLCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spirit of America Large Cap Value Fund (SOAVX) 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, SOAVX achieves a 13.80% return, which is significantly higher than FLCPX's 10.91% return. Both investments have delivered pretty close results over the past 10 years, with SOAVX having a 15.53% annualized return and FLCPX not far ahead at 15.58%.

SOAVX

• 1D: -1.13%
• 1M: 4.02%
• YTD: 13.80%
• 6M: 12.40%
• 1Y: 31.51%
• 3Y*: 26.04%
• 5Y*: 16.05%
• 10Y*: 15.53%

FLCPX

• 1D: -0.72%
• 1M: 4.17%
• YTD: 10.91%
• 6M: 10.82%
• 1Y: 28.04%
• 3Y*: 22.48%
• 5Y*: 13.92%
• 10Y*: 15.58%

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

SOAVX vs. FLCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOAVX Spirit of America Large Cap Value Fund	13.80%	17.76%	33.24%	25.72%	-17.65%	29.26%	15.55%	29.54%	-7.87%	20.22%
FLCPX Fidelity SAI U.S. Large Cap Index Fund	10.91%	17.84%	25.08%	26.25%	-18.06%	28.61%	18.24%	31.59%	-4.38%	21.74%

Correlation

The correlation between SOAVX and FLCPX 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 (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Feb 16, 2016	0.97

The correlation between SOAVX and FLCPX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

SOAVX vs. FLCPX — Risk / Return Rank

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

SOAVX

SOAVX Risk / Return Rank: 68
SOAVX Sharpe Ratio Rank: 65
SOAVX Sortino Ratio Rank: 59
SOAVX Omega Ratio Rank: 57
SOAVX Calmar Ratio Rank: 81
SOAVX Martin Ratio Rank: 77

FLCPX

FLCPX Risk / Return Rank: 67
FLCPX Sharpe Ratio Rank: 66
FLCPX Sortino Ratio Rank: 60
FLCPX Omega Ratio Rank: 60
FLCPX Calmar Ratio Rank: 68
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.

SOAVX vs. FLCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spirit of America Large Cap Value Fund (SOAVX) 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.

	SOAVX	FLCPX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.38	-0.06
Sortino ratio: Return per unit of downside risk	3.15	3.25	-0.10
Omega ratio: Gain probability vs. loss probability	1.41	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	3.65	3.18	+0.47
Martin ratio: Return relative to average drawdown	14.02	14.85	-0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOAVX vs. FLCPX - Sharpe Ratio Comparison

The current SOAVX Sharpe Ratio is 2.33, which is comparable to the FLCPX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of SOAVX 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.

Sharpe Ratios by Period

	SOAVX	FLCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.38	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.82	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.86	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.92	-0.33

Drawdowns

SOAVX vs. FLCPX - Drawdown Comparison

The maximum SOAVX drawdown since its inception was -47.48%, which is greater than FLCPX's maximum drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for SOAVX and FLCPX.

Drawdown Indicators

	SOAVX	FLCPX	Difference
Max Drawdown Largest peak-to-trough decline	-47.48%	-33.87%	-13.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-8.89%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-20.96%	-18.76%	-2.20%
Max Drawdown (5Y) Largest decline over 5 years	-25.31%	-24.40%	-0.91%
Max Drawdown (10Y) Largest decline over 10 years	-34.22%	-33.87%	-0.35%
Current Drawdown Current decline from peak	-1.13%	-0.72%	-0.41%
Average Drawdown Average peak-to-trough decline	-6.23%	-4.19%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	1.90%	+0.34%

Volatility

SOAVX vs. FLCPX - Volatility Comparison

Spirit of America Large Cap Value Fund (SOAVX) has a higher volatility of 3.82% compared to Fidelity SAI U.S. Large Cap Index Fund (FLCPX) at 2.91%. This indicates that SOAVX'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

	SOAVX	FLCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	2.91%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	9.00%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.55%	11.88%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	17.07%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	18.16%	+0.26%

SOAVX vs. FLCPX - Expense Ratio Comparison

SOAVX has a 1.50% expense ratio, which is higher than FLCPX's 0.02% expense ratio.

Dividends

SOAVX vs. FLCPX - Dividend Comparison

SOAVX's dividend yield for the trailing twelve months is around 8.16%, more than FLCPX's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SOAVX Spirit of America Large Cap Value Fund	8.16%	9.29%	6.42%	5.31%	9.80%	6.68%	5.72%	6.21%	7.56%	5.56%	6.31%	3.20%

Frequently Asked Questions

Can I hold both SOAVX and FLCPX in my portfolio?

With a correlation of 0.94, SOAVX 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, SOAVX or FLCPX?

SOAVX has higher volatility (3.82%) compared to FLCPX (2.91%). In terms of maximum drawdown, SOAVX dropped -47.48% vs FLCPX's -33.87%.

Which has better risk-adjusted returns?

FLCPX currently has the higher Sharpe Ratio (2.38 vs 2.33), 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.