VELIX vs. FLCPX
Compare and contrast key facts about VELA Large Cap Plus Fund (VELIX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX).
VELIX is managed by VELA Funds. It was launched on Sep 29, 2020. FLCPX is managed by Fidelity. It was launched on Feb 2, 2016.
Performance
VELIX vs. FLCPX - Performance Comparison
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VELIX vs. FLCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VELIX VELA Large Cap Plus Fund | -5.83% | 9.43% | 14.65% | 15.80% | -7.48% | 28.21% | 14.63% |
FLCPX Fidelity SAI U.S. Large Cap Index Fund | -7.05% | 17.84% | 25.08% | 26.25% | -18.06% | 28.61% | 13.78% |
Returns By Period
In the year-to-date period, VELIX achieves a -5.83% return, which is significantly higher than FLCPX's -7.05% return.
VELIX
- 1D
- 0.44%
- 1M
- -6.76%
- YTD
- -5.83%
- 6M
- -2.74%
- 1Y
- 4.88%
- 3Y*
- 10.31%
- 5Y*
- 7.54%
- 10Y*
- —
FLCPX
- 1D
- -0.39%
- 1M
- -7.70%
- YTD
- -7.05%
- 6M
- -4.58%
- 1Y
- 14.45%
- 3Y*
- 17.20%
- 5Y*
- 11.42%
- 10Y*
- 13.75%
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VELIX vs. FLCPX - Expense Ratio Comparison
VELIX has a 1.84% expense ratio, which is higher than FLCPX's 0.02% expense ratio.
Return for Risk
VELIX vs. FLCPX — Risk / Return Rank
VELIX
FLCPX
VELIX vs. FLCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA Large Cap Plus Fund (VELIX) 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.
| VELIX | FLCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.84 | -0.47 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.30 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.00 | -0.64 |
Martin ratioReturn relative to average drawdown | 1.45 | 4.86 | -3.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VELIX | FLCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.84 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.67 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.82 | +0.08 |
Correlation
The correlation between VELIX and FLCPX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VELIX vs. FLCPX - Dividend Comparison
VELIX's dividend yield for the trailing twelve months is around 7.54%, more than FLCPX's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VELIX VELA Large Cap Plus Fund | 7.54% | 7.10% | 6.86% | 0.04% | 1.79% | 0.35% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 0.60% | 0.56% | 6.11% | 7.05% | 11.23% | 10.38% | 3.93% | 1.74% | 2.18% | 1.57% | 0.76% |
Drawdowns
VELIX vs. FLCPX - Drawdown Comparison
The maximum VELIX drawdown since its inception was -16.39%, smaller than the maximum FLCPX drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for VELIX and FLCPX.
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Drawdown Indicators
| VELIX | FLCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -33.87% | +17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -12.14% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.39% | -24.40% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.87% | — |
Current DrawdownCurrent decline from peak | -7.83% | -8.89% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -4.24% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.56% | -0.19% |
Volatility
VELIX vs. FLCPX - Volatility Comparison
The current volatility for VELA Large Cap Plus Fund (VELIX) is 2.94%, while Fidelity SAI U.S. Large Cap Index Fund (FLCPX) has a volatility of 4.24%. This indicates that VELIX experiences smaller price fluctuations and is considered to be less risky than FLCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VELIX | FLCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 4.24% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.61% | 9.09% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 18.14% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 17.03% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.61% | 18.12% | -4.51% |