FLKSX vs. VWIAX

Last updated Jun 25, 2026

FLKSX (Fidelity Low-Priced Stock K6 Fund) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both mutual funds - FLKSX is a Mid Cap Value Equities fund managed by T. Rowe Price, while VWIAX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 5 years, FLKSX returned 9.68%/yr vs 4.17%/yr for VWIAX. A 0.71 correlation means they provide meaningful diversification when combined. FLKSX charges 0.50%/yr vs 0.16%/yr for VWIAX.

Performance

FLKSX vs. VWIAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FLKSX achieves a 10.06% return, which is significantly higher than VWIAX's 3.25% return.

FLKSX

• 1D: -0.52%
• 1M: 1.96%
• YTD: 10.06%
• 6M: 9.09%
• 1Y: 19.60%
• 3Y*: 16.44%
• 5Y*: 9.68%
• 10Y*: —

VWIAX

• 1D: 0.06%
• 1M: 0.30%
• YTD: 3.25%
• 6M: 2.78%
• 1Y: 9.32%
• 3Y*: 8.75%
• 5Y*: 4.17%
• 10Y*: 5.89%

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

FLKSX vs. VWIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKSX Fidelity Low-Priced Stock K6 Fund	10.06%	14.61%	10.81%	14.87%	-5.16%	24.70%	9.32%	25.16%	-10.42%	12.93%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	3.25%	11.08%	5.92%	7.07%	-9.04%	8.55%	8.52%	16.47%	-2.49%	5.24%

Correlation

The correlation between FLKSX and VWIAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 26, 2017	0.71

The correlation between FLKSX and VWIAX shifts across timeframes, from 0.71 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLKSX vs. VWIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLKSX

FLKSX Risk / Return Rank: 40
FLKSX Sharpe Ratio Rank: 39
FLKSX Sortino Ratio Rank: 41
FLKSX Omega Ratio Rank: 37
FLKSX Calmar Ratio Rank: 43
FLKSX Martin Ratio Rank: 40

VWIAX

VWIAX Risk / Return Rank: 47
VWIAX Sharpe Ratio Rank: 49
VWIAX Sortino Ratio Rank: 50
VWIAX Omega Ratio Rank: 47
VWIAX Calmar Ratio Rank: 43
VWIAX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLKSX vs. VWIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock K6 Fund (FLKSX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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	VWIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.90	-0.25
Sortino ratio: Return per unit of downside risk	2.44	2.73	-0.29
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	2.37	2.38	-0.01
Martin ratio: Return relative to average drawdown	8.09	8.95	-0.85

FLKSX vs. VWIAX - Sharpe Ratio Comparison

The current FLKSX Sharpe Ratio is 1.64, which is comparable to the VWIAX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of FLKSX and VWIAX, 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. VWIAX - Drawdown Comparison

The maximum FLKSX drawdown since its inception was -36.70%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FLKSX and VWIAX.

Drawdown Indicators

	FLKSX	VWIAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.70%	-21.64%	-15.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-4.15%	-4.72%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-6.96%	-9.57%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-15.26%	-2.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.41%	—
Current Drawdown Current decline from peak	-1.60%	-0.50%	-1.10%
Average Drawdown Average peak-to-trough decline	-4.56%	-2.21%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	1.10%	+1.49%

Volatility

FLKSX vs. VWIAX - Volatility Comparison

Fidelity Low-Priced Stock K6 Fund (FLKSX) has a higher volatility of 3.43% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.60%. This indicates that FLKSX's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKSX	VWIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	1.60%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	3.95%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	5.23%	+7.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	6.99%	+7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	6.93%	+9.49%

FLKSX vs. VWIAX - Expense Ratio Comparison

FLKSX has a 0.50% expense ratio, which is higher than VWIAX's 0.16% expense ratio.

Dividends

FLKSX vs. VWIAX - Dividend Comparison

FLKSX's dividend yield for the trailing twelve months is around 6.69%, less than VWIAX's 7.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLKSX Fidelity Low-Priced Stock K6 Fund	6.69%	7.37%	13.98%	6.70%	3.47%	5.34%	1.47%	2.47%	1.52%	0.63%	0.00%	0.00%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	7.86%	7.93%	6.69%	4.80%	7.75%	6.11%	4.37%	4.00%	7.64%	3.25%	4.07%	5.66%

Frequently Asked Questions

Can I hold both FLKSX and VWIAX in my portfolio?

FLKSX and VWIAX have a correlation of 0.82, 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 VWIAX?

FLKSX has higher volatility (3.43%) compared to VWIAX (1.60%). In terms of maximum drawdown, FLKSX dropped -36.70% vs VWIAX's -21.64%.

Which has better risk-adjusted returns?

VWIAX currently has the higher Sharpe Ratio (1.90 vs 1.64), 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.