TRULX vs. FNSTX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price US Large-Cap Core (TRULX) and Fidelity Infrastructure Fund (FNSTX).

TRULX is an actively managed fund by T. Rowe Price. It was launched on Jun 26, 2009. FNSTX is managed by Fidelity. It was launched on Nov 5, 2019.

Performance

TRULX vs. FNSTX - 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 Infrastructure Fund (FNSTX). The values are adjusted to include any dividend payments, if applicable.

TRULX vs. FNSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TRULX T. Rowe Price US Large-Cap Core	-2.81%	21.53%	22.97%	22.61%	-15.14%	25.57%	15.57%	5.59%
FNSTX Fidelity Infrastructure Fund	5.18%	27.42%	14.43%	8.44%	-7.59%	7.58%	12.80%	5.49%

Returns By Period

In the year-to-date period, TRULX achieves a -2.81% return, which is significantly lower than FNSTX's 5.18% return.

TRULX

• 1D: 2.59%
• 1M: -5.46%
• YTD: -2.81%
• 6M: 6.28%
• 1Y: 21.85%
• 3Y*: 19.60%
• 5Y*: 12.23%
• 10Y*: 13.34%

FNSTX

• 1D: 1.79%
• 1M: -4.75%
• YTD: 5.18%
• 6M: 6.72%
• 1Y: 26.55%
• 3Y*: 16.58%
• 5Y*: 10.34%
• 10Y*: —

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

TRULX vs. FNSTX - Expense Ratio Comparison

TRULX has a 0.64% expense ratio, which is lower than FNSTX's 1.00% expense ratio.

FNSTX

Fidelity Infrastructure Fund

TRULX

T. Rowe Price US Large-Cap Core

Return for Risk

TRULX vs. FNSTX — Risk / Return Rank

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

TRULX

TRULX Risk / Return Rank: 78
TRULX Sharpe Ratio Rank: 68
TRULX Sortino Ratio Rank: 76
TRULX Omega Ratio Rank: 76
TRULX Calmar Ratio Rank: 81
TRULX Martin Ratio Rank: 88

FNSTX

FNSTX Risk / Return Rank: 87
FNSTX Sharpe Ratio Rank: 85
FNSTX Sortino Ratio Rank: 83
FNSTX Omega Ratio Rank: 79
FNSTX Calmar Ratio Rank: 95
FNSTX Martin Ratio Rank: 92

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. FNSTX - 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 Infrastructure Fund (FNSTX). 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	FNSTX	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.69	-0.45
Sortino ratio Return per unit of downside risk	1.97	2.20	-0.23
Omega ratio Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio Return relative to maximum drawdown	2.07	3.31	-1.23
Martin ratio Return relative to average drawdown	9.70	11.29	-1.59
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. FNSTX - Sharpe Ratio Comparison

The current TRULX Sharpe Ratio is 1.25, which is comparable to the FNSTX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of TRULX and FNSTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRULX	FNSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.69	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.70	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.60	+0.26

Correlation

The correlation between TRULX and FNSTX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TRULX vs. FNSTX - Dividend Comparison

TRULX's dividend yield for the trailing twelve months is around 15.48%, more than FNSTX's 3.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRULX T. Rowe Price US Large-Cap Core	15.48%	15.04%	6.66%	0.45%	4.27%	7.28%	0.85%	3.55%	7.89%	2.10%	0.94%	5.23%
FNSTX Fidelity Infrastructure Fund	3.95%	4.16%	1.59%	1.85%	1.35%	0.63%	0.80%	0.36%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TRULX vs. FNSTX - Drawdown Comparison

The maximum TRULX drawdown since its inception was -33.68%, smaller than the maximum FNSTX drawdown of -35.82%. Use the drawdown chart below to compare losses from any high point for TRULX and FNSTX.

Drawdown Indicators

	TRULX	FNSTX	Difference
Max Drawdown Largest peak-to-trough decline	-33.68%	-35.82%	+2.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.21%	-8.43%	-2.78%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-21.97%	-0.94%
Max Drawdown (10Y) Largest decline over 10 years	-33.68%	—	—
Current Drawdown Current decline from peak	-6.20%	-5.82%	-0.38%
Average Drawdown Average peak-to-trough decline	-3.67%	-5.25%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.47%	-0.07%

Volatility

TRULX vs. FNSTX - Volatility Comparison

The current volatility for T. Rowe Price US Large-Cap Core (TRULX) is 4.99%, while Fidelity Infrastructure Fund (FNSTX) has a volatility of 6.85%. This indicates that TRULX experiences smaller price fluctuations and is considered to be less risky than FNSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRULX	FNSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	6.85%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	10.76%	12.50%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	16.11%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	14.94%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	18.80%	-1.70%