TRULX vs. FFLC

Last updated Jun 4, 2026

TRULX (T. Rowe Price US Large-Cap Core) and FFLC (Fidelity Fundamental Large Cap Core ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 5 years, TRULX returned 11.98%/yr vs 15.85%/yr for FFLC. Their correlation of 0.86 suggests significant overlap in exposure. TRULX charges 0.64%/yr vs 0.38%/yr for FFLC.

Performance

TRULX vs. FFLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price US Large-Cap Core (TRULX) and Fidelity Fundamental Large Cap Core ETF (FFLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRULX achieves a 9.11% return, which is significantly lower than FFLC's 10.26% return.

TRULX

• 1D: 0.36%
• 1M: 3.45%
• YTD: 9.11%
• 6M: 8.76%
• 1Y: 20.44%
• 3Y*: 19.79%
• 5Y*: 11.98%
• 10Y*: 13.53%

FFLC

• 1D: -0.68%
• 1M: 3.15%
• YTD: 10.26%
• 6M: 11.18%
• 1Y: 26.96%
• 3Y*: 23.20%
• 5Y*: 15.85%
• 10Y*: —

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

TRULX vs. FFLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TRULX T. Rowe Price US Large-Cap Core	9.11%	12.80%	22.97%	22.61%	-15.14%	25.57%	21.71%
FFLC Fidelity Fundamental Large Cap Core ETF	10.26%	17.67%	27.89%	25.07%	-0.04%	24.53%	18.76%

Correlation

The correlation between TRULX and FFLC 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	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.86

The correlation between TRULX and FFLC has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

TRULX vs. FFLC — Risk / Return Rank

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

TRULX

TRULX Risk / Return Rank: 45
TRULX Sharpe Ratio Rank: 44
TRULX Sortino Ratio Rank: 42
TRULX Omega Ratio Rank: 43
TRULX Calmar Ratio Rank: 42
TRULX Martin Ratio Rank: 55

FFLC

FFLC Risk / Return Rank: 61
FFLC Sharpe Ratio Rank: 61
FFLC Sortino Ratio Rank: 61
FFLC Omega Ratio Rank: 61
FFLC Calmar Ratio Rank: 54
FFLC Martin Ratio Rank: 66

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.

TRULX vs. FFLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Large-Cap Core (TRULX) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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.

	TRULX	FFLC	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.12	-0.19
Sortino ratio: Return per unit of downside risk	2.69	2.90	-0.21
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.46	2.71	-0.26
Martin ratio: Return relative to average drawdown	11.09	12.30	-1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRULX vs. FFLC - Sharpe Ratio Comparison

The current TRULX Sharpe Ratio is 1.92, which is comparable to the FFLC Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of TRULX and FFLC, 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

	TRULX	FFLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.12	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.94	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.17	-0.30

Drawdowns

TRULX vs. FFLC - Drawdown Comparison

The maximum TRULX drawdown since its inception was -33.68%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for TRULX and FFLC.

Drawdown Indicators

	TRULX	FFLC	Difference
Max Drawdown Largest peak-to-trough decline	-33.68%	-19.72%	-13.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-9.98%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	-19.72%	+2.49%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-19.72%	-3.19%
Max Drawdown (10Y) Largest decline over 10 years	-33.68%	—	—
Current Drawdown Current decline from peak	0.00%	-0.68%	+0.68%
Average Drawdown Average peak-to-trough decline	-3.64%	-2.99%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.20%	-0.30%

Volatility

TRULX vs. FFLC - Volatility Comparison

The current volatility for T. Rowe Price US Large-Cap Core (TRULX) is 2.96%, while Fidelity Fundamental Large Cap Core ETF (FFLC) has a volatility of 3.15%. This indicates that TRULX experiences smaller price fluctuations and is considered to be less risky than FFLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRULX	FFLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.15%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	9.73%	-1.32%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	12.80%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	16.92%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	17.65%	-0.66%

TRULX vs. FFLC - Expense Ratio Comparison

TRULX has a 0.64% expense ratio, which is higher than FFLC's 0.38% expense ratio.

Dividends

TRULX vs. FFLC - Dividend Comparison

TRULX's dividend yield for the trailing twelve months is around 7.12%, more than FFLC's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFLC Fidelity Fundamental Large Cap Core ETF	1.00%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%
TRULX T. Rowe Price US Large-Cap Core	7.12%	7.77%	6.66%	0.45%	4.27%	7.28%	0.85%	3.55%	7.89%	2.10%	0.94%	5.23%

Frequently Asked Questions

Can I hold both TRULX and FFLC in my portfolio?

With a correlation of 0.94, TRULX and FFLC 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, TRULX or FFLC?

FFLC has higher volatility (3.15%) compared to TRULX (2.96%). In terms of maximum drawdown, TRULX dropped -33.68% vs FFLC's -19.72%.

Which has better risk-adjusted returns?

FFLC currently has the higher Sharpe Ratio (2.12 vs 1.92), 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.