FLPKX vs. ACLAX

Last updated Jul 14, 2026

FLPKX (Fidelity Low-Priced Stock Fund Class K) and ACLAX (American Century Mid Cap Value Fund A Class) are both Mid Cap Value Equities funds. Over the past 10 years, FLPKX returned 11.27%/yr vs 8.85%/yr for ACLAX. Their correlation of 0.91 suggests significant overlap in exposure. FLPKX charges 0.74%/yr vs 1.22%/yr for ACLAX.

Performance

FLPKX vs. ACLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low-Priced Stock Fund Class K (FLPKX) and American Century Mid Cap Value Fund A Class (ACLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FLPKX having a 12.83% return and ACLAX slightly higher at 12.90%. Over the past 10 years, FLPKX has outperformed ACLAX with an annualized return of 11.27%, while ACLAX has yielded a comparatively lower 8.85% annualized return.

FLPKX

• 1D: 0.41%
• 1M: 0.85%
• 6M: 9.19%
• YTD: 12.83%
• 1Y: 18.83%
• 3Y*: 14.82%
• 5Y*: 9.36%
• 10Y*: 11.27%

ACLAX

• 1D: 0.67%
• 1M: 2.10%
• 6M: 9.99%
• YTD: 12.90%
• 1Y: 16.83%
• 3Y*: 10.70%
• 5Y*: 7.89%
• 10Y*: 8.85%

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

FLPKX vs. ACLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLPKX Fidelity Low-Priced Stock Fund Class K	12.83%	14.75%	7.33%	14.50%	-5.63%	24.57%	9.42%	25.89%	-10.73%	18.89%
ACLAX American Century Mid Cap Value Fund A Class	12.90%	8.52%	8.18%	5.93%	-1.53%	23.01%	1.44%	28.55%	-12.93%	11.31%

Correlation

The correlation between FLPKX and ACLAX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.91

The correlation between FLPKX and ACLAX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

FLPKX vs. ACLAX — Risk / Return Rank

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

FLPKX

FLPKX Risk / Return Rank: 42
FLPKX Sharpe Ratio Rank: 41
FLPKX Sortino Ratio Rank: 44
FLPKX Omega Ratio Rank: 40
FLPKX Calmar Ratio Rank: 45
FLPKX Martin Ratio Rank: 41

ACLAX

ACLAX Risk / Return Rank: 38
ACLAX Sharpe Ratio Rank: 38
ACLAX Sortino Ratio Rank: 42
ACLAX Omega Ratio Rank: 35
ACLAX Calmar Ratio Rank: 39
ACLAX Martin Ratio Rank: 35

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.

FLPKX vs. ACLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund Class K (FLPKX) and American Century Mid Cap Value Fund A Class (ACLAX). 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.

	FLPKX	ACLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.36	+0.08
Sortino ratio: Return per unit of downside risk	2.15	2.08	+0.07
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.06	1.90	+0.16
Martin ratio: Return relative to average drawdown	6.98	6.09	+0.89

FLPKX vs. ACLAX - Sharpe Ratio Comparison

The current FLPKX Sharpe Ratio is 1.44, which is comparable to the ACLAX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FLPKX and ACLAX, 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

FLPKX vs. ACLAX - Drawdown Comparison

The maximum FLPKX drawdown since its inception was -51.34%, roughly equal to the maximum ACLAX drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for FLPKX and ACLAX.

Drawdown Indicators

	FLPKX	ACLAX	Difference
Max Drawdown Largest peak-to-trough decline	-51.34%	-51.37%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-8.50%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-14.67%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	-18.71%	-17.55%	-1.16%
Max Drawdown (10Y) Largest decline over 10 years	-38.15%	-39.24%	+1.09%
Current Drawdown Current decline from peak	-0.41%	-0.06%	-0.35%
Average Drawdown Average peak-to-trough decline	-6.45%	-6.23%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.65%	-0.05%

Volatility

FLPKX vs. ACLAX - Volatility Comparison

Fidelity Low-Priced Stock Fund Class K (FLPKX) and American Century Mid Cap Value Fund A Class (ACLAX) have volatilities of 3.35% and 3.20%, 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.

Volatility by Period

	FLPKX	ACLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.20%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	8.57%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	11.87%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	14.61%	+2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.27%	17.39%	-0.12%

FLPKX vs. ACLAX - Expense Ratio Comparison

FLPKX has a 0.74% expense ratio, which is lower than ACLAX's 1.22% expense ratio.

Dividends

FLPKX vs. ACLAX - Dividend Comparison

FLPKX's dividend yield for the trailing twelve months is around 11.82%, less than ACLAX's 12.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACLAX American Century Mid Cap Value Fund A Class	12.78%	14.24%	8.53%	5.01%	14.77%	15.72%	1.62%	1.23%	14.17%	9.25%	3.82%	10.86%
FLPKX Fidelity Low-Priced Stock Fund Class K	11.82%	13.34%	16.33%	18.41%	9.55%	12.20%	11.24%	8.23%	13.58%	7.46%	4.95%	4.08%

Frequently Asked Questions

Can I hold both FLPKX and ACLAX in my portfolio?

FLPKX and ACLAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLPKX or ACLAX?

FLPKX has higher volatility (3.35%) compared to ACLAX (3.20%). In terms of maximum drawdown, FLPKX dropped -51.34% vs ACLAX's -51.37%.

Which has better risk-adjusted returns?

FLPKX currently has the higher Sharpe Ratio (1.44 vs 1.36), 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.