Fidelity Fundamental Large Cap Core ETF (FFLC) Performance
FFLC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.7% since Dec 31, 2025
- 1 year
- +12.0% total return
- 5 years
- +15.3% a year
- Since first price
- +19.1% a year since 2020
FFLC trailing returns vs SPY, QQQ, AGG
| Period | FFLC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +2.8% | +7.8% | +8.4% | −1.5% |
| YTD | +9.7% | +9.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.0% | +10.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +87.7%+23.3%/yr | +82.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +103.7%+15.3%/yr | +92.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 4, 2020 | +205.2%+19.1%/yr | +182.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FFLC vs SPY
From Jun 4, 2020: FFLC grew to $30,523, SPY to $26,687.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FFLC returns by calendar year
4 of 5 full years positive. Best 2024 (+27.9%), worst 2022 (−0.0%). 2026 is year to date.
FFLC annual returns table
| Year | FFLC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.7% | −10.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.7% | −19.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.9% | −8.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +25.1% | −9.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −0.0% | −15.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.5% | −8.0% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FFLC largest drawdowns
Now 4.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2025 | −19.7% | Apr 8, 2025 | Jun 26, 2025 | 2 months | 5 months |
| Apr 20, 2022 | −15.9% | Sep 27, 2022 | Jan 26, 2023 | 5 months | 9 months |
| Jun 8, 2020 | −11.2% | Jun 26, 2020 | Nov 5, 2020 | 18 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FFLC risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +23.3% | +17.1% | +20.6% |
| Volatility (annualized) | 13.3% | 15.8% | 15.9% |
| Sharpe ratio | 1.33 | 0.86 | 1.09 |
| Sortino ratio | 2.83 | 1.47 | 2.06 |
| Best month | +11.7% | +12.3% | +15.6% |
| Worst month | −5.7% | −10.2% | −10.2% |
| Best 12 months | +44.2% | +44.2% | +50.2% |
| Worst 12 months | +5.2% | −6.9% | −6.9% |
| Positive months | 69% | 65% | 65% |
| Beta vs S&P 500 | 1.04 | 0.94 | — |
| Correlation with S&P 500 | 0.97 | 0.93 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FFLC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 65 | −6.9% | +18.1% | +50.2% | 92% |
| 3-year (a year) | 41 | +13.4% | +19.5% | +27.2% | 100% |
| 5-year (a year) | 17 | +14.6% | +17.1% | +22.9% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
FFLC performance overview
Fidelity Fundamental Large Cap Core ETF (FFLC) returned +12.0% over the past year and +15.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +19.1% a year, turning $10,000 into about $30,523. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.7%, from Jan 23, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. FFLC finished 4 of its 5 full calendar years with a gain; the best year was 2024 (+27.9%) and the worst 2022 (−0.0%). Volatility has been 15.9% a year.
Related: FFLC chart, FFLC holdings, FFLC dividends, FFLC valuation. See the FFLC overview for the latest quote and fund facts.
FFLC performance FAQ
What is the FFLC return over the past year?
FFLC returned +12.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.8%.
What is the average annual return of FFLC?
FFLC has returned +15.3% a year over 5 years, +19.1% a year since June 4, 2020 (total return, distributions reinvested).
How much would $10,000 invested in FFLC be worth?
$10,000 invested in FFLC at its first recorded close on June 4, 2020 would be worth about $30,523 on October 23, 2026 with distributions reinvested.
What was the worst year for FFLC?
The worst calendar year was 2022, with a total return of −0.0%. The best was 2024 at +27.9%.
What is the biggest drawdown of FFLC?
The largest peak-to-trough decline was −19.7% between January 23, 2025 and April 8, 2025. It recovered to the old high on June 26, 2025, 3 months after the bottom.
How volatile is FFLC?
Over the past 3 years FFLC had an annualized volatility of 13.3% and a Sharpe ratio of 1.33 (excess return over 1–3 month T-bills per unit of risk).