- ISIN
- US3160668774
- Issuer
- Fidelity
- Inception Date
- May 9, 2008
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FCAKX Performance Chart
Fidelity Capital Appreciation Fund Class K (FCAKX) is up 16.9% since the beginning of the year. FCAKX is currently trading at $54 per share. Investors who bought $1,000 worth of FCAKX shares 5 years ago would now be looking at an investment worth $1,984.
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Returns By Period
Fidelity Capital Appreciation Fund Class K (FCAKX) has returned 16.85% so far this year and 34.56% over the past 12 months. Looking at the last ten years, FCAKX has achieved an annualized return of 16.47%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
Fidelity Capital Appreciation Fund Class K
- 1D
- -0.15%
- 1M
- 5.65%
- YTD
- 16.85%
- 6M
- 17.47%
- 1Y
- 34.56%
- 3Y*
- 25.18%
- 5Y*
- 14.68%
- 10Y*
- 16.47%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FCAKX Monthly Returns History
Based on dividend-adjusted daily data since May 15, 2008, FCAKX's average daily return is +0.06%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.5%, while the worst month was Oct 2008 at -16.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FCAKX closed higher 54% of trading days. The best single day was Dec 13, 2024 with a return of +16.1%, while the worst single day was Dec 16, 2024 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.03% | -0.66% | -5.82% | 13.30% | 5.45% | 0.48% | 16.85% | ||||||
| 2025 | 3.61% | -2.89% | -5.79% | -0.42% | 7.52% | 4.83% | 2.64% | 1.36% | 3.35% | 2.39% | 0.36% | 0.49% | 18.12% |
| 2024 | 2.91% | 7.88% | 2.83% | -4.57% | 4.68% | 3.63% | 0.02% | 2.70% | 2.07% | -0.43% | 5.02% | -3.37% | 25.19% |
| 2023 | 6.44% | -1.70% | 2.93% | 0.09% | 2.29% | 6.77% | 3.87% | -1.18% | -5.38% | -3.06% | 10.32% | 5.44% | 28.92% |
| 2022 | -7.99% | -1.52% | 4.01% | -9.82% | -1.20% | -6.72% | 9.71% | -4.44% | -9.29% | 5.64% | 6.03% | -5.51% | -21.17% |
| 2021 | 1.08% | 2.17% | 1.43% | 5.36% | 0.19% | 2.98% | 1.57% | 3.82% | -5.71% | 8.10% | -0.94% | 2.22% | 23.95% |
Benchmark Metrics
Fidelity Capital Appreciation Fund Class K has an annualized alpha of 2.55%, beta of 1.03, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since May 16, 2008.
- This fund captured 109.87% of S&P 500 Index gains but only 98.59% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.55% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.03 and R2 of 0.87, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.55%
- Beta
- 1.03
- R²
- 0.87
- Upside Capture
- 109.87%
- Downside Capture
- 98.59%
Expense Ratio
FCAKX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FCAKX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Capital Appreciation Fund Class K (FCAKX) and compare them to S&P 500 Index.
| FCAKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.93 | +0.30 |
| Martin ratioReturn relative to average drawdown | 13.89 | 13.52 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Capital Appreciation Fund Class K provided a 6.84% dividend yield over the last twelve months, with an annual payout of $3.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.71 | $3.71 | $7.73 | $1.35 | $3.00 | $7.44 | $3.52 | $4.60 | $3.98 | $3.67 | $1.82 | $4.01 |
Dividend yield | 6.84% | 7.99% | 18.24% | 3.39% | 9.36% | 16.79% | 8.41% | 13.55% | 13.38% | 10.41% | 5.73% | 12.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Capital Appreciation Fund Class K. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.71 | $3.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.73 | $7.73 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.00 | $3.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.44 | $7.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Capital Appreciation Fund Class K. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Capital Appreciation Fund Class K was 52.42%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.
The current Fidelity Capital Appreciation Fund Class K drawdown is 0.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.42%Mar 2009 | 9mo 24d | 1y 10mo | 2y 7moMay 2008 - Jan 2011 |
COVID crash2020 | -33.06%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
2025 selloff2025 | -29.60%Apr 2025 | 3mo 23d | 9mo 2d | 1y 20dDec 2024 - Jan 2026 |
Bear market2022 | -27.31%Oct 2022 | 11mo 8d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -22.13%Dec 2018 | 2mo 23d | 6mo 10d | 9mo 3dOct 2018 - Jul 2019 |
Drawdown Indicators
| FCAKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -56.78% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -9.10% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -29.60% | -18.90% | -10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.60% | -25.43% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -33.06% | -33.92% | +0.86% |
Current DrawdownCurrent decline from peak | -0.15% | -0.74% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -10.72% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.97% | +0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FCAKX
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