FIMVX vs. FLPSX
FIMVX (Fidelity Mid Cap Value Index Fund) and FLPSX (Fidelity Low-Priced Stock Fund) are both Mid Cap Value Equities funds from Fidelity. Over the past 5 years, FIMVX returned 9.70%/yr vs 9.87%/yr for FLPSX. Their correlation of 0.93 means they have usually moved in the same direction. FIMVX charges 0.05%/yr vs 0.87%/yr for FLPSX.
Performance
FIMVX vs. FLPSX - Performance Comparison
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Returns By Period
In the year-to-date period, FIMVX achieves a 19.64% return, which is significantly higher than FLPSX's 15.72% return.
FIMVX
- 1D
- -0.28%
- 1M
- 0.89%
- 6M
- 14.72%
- YTD
- 19.64%
- 1Y
- 28.18%
- 3Y*
- 15.49%
- 5Y*
- 9.70%
- 10Y*
- —
- ALL TIME*
- 11.47%
FLPSX
- 1D
- 0.65%
- 1M
- 2.96%
- 6M
- 10.75%
- YTD
- 15.72%
- 1Y
- 25.13%
- 3Y*
- 14.64%
- 5Y*
- 9.87%
- 10Y*
- 11.35%
- ALL TIME*
- 12.96%
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 |
FIMVX vs. FLPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 19.64% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
FLPSX Fidelity Low-Priced Stock Fund | 15.72% | 14.69% | 7.23% | 14.41% | -5.69% | 24.46% | 9.34% | 10.63% |
Correlation
The correlation between FIMVX and FLPSX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.93 |
The correlation between FIMVX and FLPSX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
FIMVX vs. FLPSX — Risk / Return Rank
FIMVX
FLPSX
FIMVX vs. FLPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and Fidelity Low-Priced Stock Fund (FLPSX). 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.
| FIMVX | FLPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.53 | +0.90 |
| Martin ratioReturn relative to average drawdown | 13.17 | 8.80 | +4.37 |
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Drawdowns
FIMVX vs. FLPSX - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, smaller than the maximum FLPSX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for FIMVX and FLPSX.
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Drawdown Indicators
| FIMVX | FLPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -54.81% | +11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -8.87% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -17.66% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -18.76% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -1.15% | 0.00% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -5.64% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.55% | -0.59% |
Volatility
FIMVX vs. FLPSX - Volatility Comparison
Fidelity Mid Cap Value Index Fund (FIMVX) and Fidelity Low-Priced Stock Fund (FLPSX) have volatilities of 2.93% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIMVX | FLPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 2.82% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 9.00% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 12.53% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 17.13% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 17.26% | +4.42% |
FIMVX vs. FLPSX - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is lower than FLPSX's 0.87% expense ratio.
Dividends
FIMVX vs. FLPSX - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 2.07%, less than FLPSX's 11.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.07% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
FLPSX Fidelity Low-Priced Stock Fund | 11.48% | 13.28% | 16.24% | 18.29% | 9.45% | 12.11% | 11.14% | 8.14% | 13.45% | 7.45% | 4.85% | 4.04% |
Frequently Asked Questions
With a correlation of 0.91, FIMVX and FLPSX 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.
FIMVX has higher volatility (2.93%) compared to FLPSX (2.82%). In terms of maximum drawdown, FIMVX dropped -43.61% vs FLPSX's -54.81%.
FIMVX currently has the higher Sharpe Ratio (1.92 vs 1.80), 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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