FLKSX vs. FXAIX

Last updated Aug 1, 2026

FLKSX (Fidelity Low-Priced Stock K6 Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FLKSX is a Mid Cap Value Equities fund managed by T. Rowe Price, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, FLKSX returned 10.82%/yr vs 12.68%/yr for FXAIX. Their correlation of 0.81 means they have usually moved in the same direction. FLKSX charges 0.50%/yr vs 0.02%/yr for FXAIX.

Performance

FLKSX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low-Priced Stock K6 Fund (FLKSX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLKSX achieves a 15.77% return, which is significantly higher than FXAIX's 9.35% return.

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%

FXAIX

• 1D: 1.66%
• 1M: -0.56%
• 6M: 7.79%
• YTD: 9.35%
• 1Y: 20.63%
• 3Y*: 19.03%
• 5Y*: 12.68%
• 10Y*: 15.00%
• ALL TIME*: 13.89%

*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)
FLKSX Fidelity Low-Priced Stock K6 Fund	$0.00	$0.00	$0.00
FXAIX Fidelity 500 Index Fund	$0.00	$0.00	$0.00

FLKSX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FXAIX Fidelity 500 Index Fund	9.35%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	12.01%

Correlation

The correlation between FLKSX and FXAIX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since May 26, 2017	0.81

The correlation between FLKSX and FXAIX shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLKSX vs. FXAIX — Risk / Return Rank

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

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

FXAIX

FXAIX Risk / Return Rank: 64
FXAIX Sharpe Ratio Rank: 61
FXAIX Sortino Ratio Rank: 58
FXAIX Omega Ratio Rank: 59
FXAIX Calmar Ratio Rank: 65
FXAIX Martin Ratio Rank: 76

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.

FLKSX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock K6 Fund (FLKSX) and Fidelity 500 Index Fund (FXAIX). 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.

	FLKSX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.43	+0.39
Sortino ratio: Return per unit of downside risk	2.68	2.00	+0.68
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.56	2.06	+0.50
Martin ratio: Return relative to average drawdown	8.97	8.86	+0.11

FLKSX vs. FXAIX - Sharpe Ratio Comparison

The current FLKSX Sharpe Ratio is 1.82, which is comparable to the FXAIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FLKSX and FXAIX, 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

FLKSX vs. FXAIX - Drawdown Comparison

The maximum FLKSX drawdown since its inception was -36.70%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FLKSX and FXAIX.

Drawdown Indicators

	FLKSX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.70%	-33.79%	-2.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-8.89%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-18.76%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-24.50%	+6.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	0.00%	-2.11%	+2.11%
Average Drawdown Average peak-to-trough decline	-4.51%	-3.77%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.07%	+0.47%

Volatility

FLKSX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Low-Priced Stock K6 Fund (FLKSX) is 2.79%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.44%. This indicates that FLKSX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKSX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.44%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	10.09%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	12.86%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.76%	17.03%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	18.07%	-1.72%

FLKSX vs. FXAIX - Expense Ratio Comparison

FLKSX has a 0.50% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

FLKSX vs. FXAIX - Dividend Comparison

FLKSX's dividend yield for the trailing twelve months is around 6.36%, more than FXAIX's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	1.07%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both FLKSX and FXAIX in my portfolio?

FLKSX and FXAIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKSX or FXAIX?

FXAIX has higher volatility (3.44%) compared to FLKSX (2.79%). In terms of maximum drawdown, FLKSX dropped -36.70% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FLKSX currently has the higher Sharpe Ratio (1.82 vs 1.43), 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.