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FLPKX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FLPKXQQQ
YTD Return12.74%25.79%
1Y Return25.41%36.91%
3Y Return (Ann)6.77%9.89%
5Y Return (Ann)12.05%21.42%
10Y Return (Ann)9.67%18.39%
Sharpe Ratio1.992.11
Sortino Ratio2.792.78
Omega Ratio1.361.38
Calmar Ratio3.372.69
Martin Ratio11.739.81
Ulcer Index2.17%3.72%
Daily Std Dev12.80%17.32%
Max Drawdown-50.24%-82.98%
Current Drawdown-1.07%-0.24%

Correlation

-0.50.00.51.00.7

The correlation between FLPKX and QQQ is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

FLPKX vs. QQQ - Performance Comparison

In the year-to-date period, FLPKX achieves a 12.74% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, FLPKX has underperformed QQQ with an annualized return of 9.67%, while QQQ has yielded a comparatively higher 18.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.49%
15.36%
FLPKX
QQQ

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FLPKX vs. QQQ - Expense Ratio Comparison

FLPKX has a 0.74% expense ratio, which is higher than QQQ's 0.20% expense ratio.


FLPKX
Fidelity Low-Priced Stock Fund Class K
Expense ratio chart for FLPKX: current value at 0.74% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.74%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

FLPKX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund Class K (FLPKX) and Invesco QQQ (QQQ). 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.


FLPKX
Sharpe ratio
The chart of Sharpe ratio for FLPKX, currently valued at 1.99, compared to the broader market0.002.004.001.99
Sortino ratio
The chart of Sortino ratio for FLPKX, currently valued at 2.79, compared to the broader market0.005.0010.002.79
Omega ratio
The chart of Omega ratio for FLPKX, currently valued at 1.36, compared to the broader market1.002.003.004.001.36
Calmar ratio
The chart of Calmar ratio for FLPKX, currently valued at 3.37, compared to the broader market0.005.0010.0015.0020.003.37
Martin ratio
The chart of Martin ratio for FLPKX, currently valued at 11.73, compared to the broader market0.0020.0040.0060.0080.00100.0011.73
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.11, compared to the broader market0.002.004.002.11
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 2.78, compared to the broader market0.005.0010.002.78
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.38, compared to the broader market1.002.003.004.001.38
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.69, compared to the broader market0.005.0010.0015.0020.002.69
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 9.81, compared to the broader market0.0020.0040.0060.0080.00100.009.81

FLPKX vs. QQQ - Sharpe Ratio Comparison

The current FLPKX Sharpe Ratio is 1.99, which is comparable to the QQQ Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FLPKX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.99
2.11
FLPKX
QQQ

Dividends

FLPKX vs. QQQ - Dividend Comparison

FLPKX's dividend yield for the trailing twelve months is around 2.18%, more than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
FLPKX
Fidelity Low-Priced Stock Fund Class K
2.18%2.11%1.28%1.63%1.85%1.86%2.06%1.55%1.30%5.31%7.13%7.66%
QQQ
Invesco QQQ
0.59%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

FLPKX vs. QQQ - Drawdown Comparison

The maximum FLPKX drawdown since its inception was -50.24%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FLPKX and QQQ. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.07%
-0.24%
FLPKX
QQQ

Volatility

FLPKX vs. QQQ - Volatility Comparison

The current volatility for Fidelity Low-Priced Stock Fund Class K (FLPKX) is 4.24%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that FLPKX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
4.24%
5.14%
FLPKX
QQQ