FIDFX vs. FLKSX

Last updated Aug 1, 2026

FIDFX (Fidelity Advisor Mid Cap Value Fund Class Z) and FLKSX (Fidelity Low-Priced Stock K6 Fund) are both Mid Cap Value Equities funds. Over the past 5 years, FIDFX returned 14.21%/yr vs 10.82%/yr for FLKSX. Their correlation of 0.92 means they have usually moved in the same direction. FIDFX charges 0.45%/yr vs 0.50%/yr for FLKSX.

Performance

FIDFX vs. FLKSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mid Cap Value Fund Class Z (FIDFX) and Fidelity Low-Priced Stock K6 Fund (FLKSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDFX achieves a 26.51% return, which is significantly higher than FLKSX's 15.77% return.

FIDFX

• 1D: 0.34%
• 1M: 1.52%
• 6M: 19.63%
• YTD: 26.51%
• 1Y: 41.93%
• 3Y*: 20.41%
• 5Y*: 14.21%
• 10Y*: —
• ALL TIME*: 11.44%

FLKSX

• 1D: 0.61%
• 1M: 3.02%
• 6M: 10.87%
• YTD: 15.77%
• 1Y: 25.31%
• 3Y*: 15.93%
• 5Y*: 10.82%
• 10Y*: —
• ALL TIME*: 11.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIDFX Fidelity Advisor Mid Cap Value Fund Class Z	$0.00	$0.00	$0.00
FLKSX Fidelity Low-Priced Stock K6 Fund	$0.00	$0.00	$0.00

FIDFX vs. FLKSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDFX Fidelity Advisor Mid Cap Value Fund Class Z	26.51%	13.16%	14.66%	22.69%	-10.52%	34.11%	1.15%	23.72%	-18.82%	12.01%
FLKSX Fidelity Low-Priced Stock K6 Fund	15.77%	14.61%	10.81%	14.87%	-5.16%	24.70%	9.32%	25.16%	-10.42%	12.93%

Correlation

The correlation between FIDFX and FLKSX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since May 26, 2017	0.92

The correlation between FIDFX and FLKSX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

FIDFX vs. FLKSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIDFX

FIDFX Risk / Return Rank: 90
FIDFX Sharpe Ratio Rank: 91
FIDFX Sortino Ratio Rank: 88
FIDFX Omega Ratio Rank: 83
FIDFX Calmar Ratio Rank: 92
FIDFX Martin Ratio Rank: 94

FLKSX

FLKSX Risk / Return Rank: 77
FLKSX Sharpe Ratio Rank: 78
FLKSX Sortino Ratio Rank: 78
FLKSX Omega Ratio Rank: 75
FLKSX Calmar Ratio Rank: 79
FLKSX Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIDFX vs. FLKSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap Value Fund Class Z (FIDFX) and Fidelity Low-Priced Stock K6 Fund (FLKSX). 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.

	FIDFX	FLKSX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.82	+0.50
Sortino ratio: Return per unit of downside risk	3.31	2.68	+0.63
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	3.72	2.56	+1.15
Martin ratio: Return relative to average drawdown	14.74	8.97	+5.77

FIDFX vs. FLKSX - Sharpe Ratio Comparison

The current FIDFX Sharpe Ratio is 2.32, which is comparable to the FLKSX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FIDFX and FLKSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIDFX vs. FLKSX - Drawdown Comparison

The maximum FIDFX drawdown since its inception was -44.98%, which is greater than FLKSX's maximum drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for FIDFX and FLKSX.

Drawdown Indicators

	FIDFX	FLKSX	Difference
Max Drawdown Largest peak-to-trough decline	-44.98%	-36.70%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-8.87%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	-16.53%	-7.17%
Max Drawdown (5Y) Largest decline over 5 years	-23.70%	-17.82%	-5.88%
Current Drawdown Current decline from peak	-0.94%	0.00%	-0.94%
Average Drawdown Average peak-to-trough decline	-6.78%	-4.51%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.54%	+0.07%

Volatility

FIDFX vs. FLKSX - Volatility Comparison

Fidelity Advisor Mid Cap Value Fund Class Z (FIDFX) has a higher volatility of 3.32% compared to Fidelity Low-Priced Stock K6 Fund (FLKSX) at 2.79%. This indicates that FIDFX's price experiences larger fluctuations and is considered to be riskier than FLKSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDFX	FLKSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	2.79%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	8.98%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.58%	12.56%	+4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.17%	14.76%	+5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	16.35%	+5.20%

FIDFX vs. FLKSX - Expense Ratio Comparison

FIDFX has a 0.45% expense ratio, which is lower than FLKSX's 0.50% expense ratio.

Dividends

FIDFX vs. FLKSX - Dividend Comparison

FIDFX's dividend yield for the trailing twelve months is around 6.25%, less than FLKSX's 6.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDFX Fidelity Advisor Mid Cap Value Fund Class Z	6.25%	8.32%	10.60%	1.30%	13.40%	1.43%	2.11%	2.03%	15.16%	9.15%
FLKSX Fidelity Low-Priced Stock K6 Fund	6.36%	7.37%	13.98%	6.70%	3.47%	5.34%	1.47%	2.47%	1.52%	0.63%

Frequently Asked Questions

Can I hold both FIDFX and FLKSX in my portfolio?

With a correlation of 0.92, FIDFX and FLKSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIDFX or FLKSX?

FIDFX has higher volatility (3.32%) compared to FLKSX (2.79%). In terms of maximum drawdown, FIDFX dropped -44.98% vs FLKSX's -36.70%.

Which has better risk-adjusted returns?

FIDFX currently has the higher Sharpe Ratio (2.32 vs 1.82), 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.