TSWEX vs. FLCSX
TSWEX (TSW Large Cap Value Fund) and FLCSX (Fidelity Large Cap Stock Fund) are both mutual funds - TSWEX is a Large Cap Value Equities fund managed by Perpetual, while FLCSX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 10 years, TSWEX returned 10.01%/yr vs 15.14%/yr for FLCSX. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 0.75% expense ratio.
Performance
TSWEX vs. FLCSX - Performance Comparison
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Returns By Period
In the year-to-date period, TSWEX achieves a 13.25% return, which is significantly higher than FLCSX's 10.72% return. Over the past 10 years, TSWEX has underperformed FLCSX with an annualized return of 10.01%, while FLCSX has yielded a comparatively higher 15.14% annualized return.
TSWEX
- 1D
- -0.54%
- 1M
- 3.18%
- 6M
- 9.14%
- YTD
- 13.25%
- 1Y
- 7.50%
- 3Y*
- 9.98%
- 5Y*
- 8.22%
- 10Y*
- 10.01%
- ALL TIME*
- 8.08%
FLCSX
- 1D
- 1.84%
- 1M
- 0.00%
- 6M
- 7.29%
- YTD
- 10.72%
- 1Y
- 23.37%
- 3Y*
- 22.81%
- 5Y*
- 16.27%
- 10Y*
- 15.14%
- ALL TIME*
- 10.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TSWEX vs. FLCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSWEX TSW Large Cap Value Fund | 13.25% | 2.29% | 11.12% | 6.47% | 0.85% | 25.23% | 7.37% | 21.26% | -1.91% | 14.52% |
FLCSX Fidelity Large Cap Stock Fund | 10.72% | 27.49% | 26.31% | 23.51% | -8.02% | 25.80% | 9.05% | 31.59% | -13.62% | 17.86% |
Correlation
The correlation between TSWEX and FLCSX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 1995 | 0.88 |
Over the past year, the correlation between TSWEX and FLCSX has dropped to 0.30 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
TSWEX vs. FLCSX — Risk / Return Rank
TSWEX
FLCSX
TSWEX vs. FLCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TSW Large Cap Value Fund (TSWEX) and Fidelity Large Cap Stock Fund (FLCSX). 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.
| TSWEX | FLCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.22 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.77 | 9.89 | -9.12 |
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Drawdowns
TSWEX vs. FLCSX - Drawdown Comparison
The maximum TSWEX drawdown since its inception was -53.14%, smaller than the maximum FLCSX drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for TSWEX and FLCSX.
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Drawdown Indicators
| TSWEX | FLCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -63.67% | +10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -9.55% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -18.82% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -21.69% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -37.11% | +3.21% |
Current DrawdownCurrent decline from peak | -2.55% | -1.03% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -13.75% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 2.14% | +5.31% |
Volatility
TSWEX vs. FLCSX - Volatility Comparison
TSW Large Cap Value Fund (TSWEX) has a higher volatility of 4.01% compared to Fidelity Large Cap Stock Fund (FLCSX) at 3.40%. This indicates that TSWEX's price experiences larger fluctuations and is considered to be riskier than FLCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSWEX | FLCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 3.40% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 10.07% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 12.96% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 16.82% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 18.57% | -2.28% |
TSWEX vs. FLCSX - Expense Ratio Comparison
Both TSWEX and FLCSX have an expense ratio of 0.75%.
Dividends
TSWEX vs. FLCSX - Dividend Comparison
TSWEX's dividend yield for the trailing twelve months is around 1.45%, less than FLCSX's 8.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCSX Fidelity Large Cap Stock Fund | 8.92% | 6.50% | 4.26% | 2.83% | 3.07% | 4.71% | 3.93% | 5.43% | 7.63% | 3.25% | 3.61% | 4.55% |
TSWEX TSW Large Cap Value Fund | 1.45% | 1.05% | 8.86% | 8.12% | 12.42% | 13.07% | 5.12% | 4.40% | 16.09% | 8.52% | 11.06% | 6.91% |
Frequently Asked Questions
TSWEX and FLCSX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSWEX has higher volatility (4.01%) compared to FLCSX (3.40%). In terms of maximum drawdown, TSWEX dropped -53.14% vs FLCSX's -63.67%.
FLCSX currently has the higher Sharpe Ratio (1.64 vs 0.33), 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.
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