FLPSX vs. DON

Last updated Jun 4, 2026

FLPSX (Fidelity Low-Priced Stock Fund) and DON (WisdomTree US MidCap Dividend ETF) are both Mid Cap Value Equities funds. Over the past 10 years, FLPSX returned 10.91%/yr vs 9.16%/yr for DON. Their correlation of 0.90 suggests significant overlap in exposure. FLPSX charges 0.82%/yr vs 0.38%/yr for DON.

Performance

FLPSX vs. DON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low-Priced Stock Fund (FLPSX) and WisdomTree US MidCap Dividend ETF (DON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLPSX achieves a 10.04% return, which is significantly higher than DON's 7.24% return. Over the past 10 years, FLPSX has outperformed DON with an annualized return of 10.91%, while DON has yielded a comparatively lower 9.16% annualized return.

FLPSX

• 1D: 0.44%
• 1M: 3.11%
• YTD: 10.04%
• 6M: 11.00%
• 1Y: 22.10%
• 3Y*: 15.14%
• 5Y*: 8.35%
• 10Y*: 10.91%

DON

• 1D: -0.45%
• 1M: 0.47%
• YTD: 7.24%
• 6M: 6.89%
• 1Y: 14.24%
• 3Y*: 13.37%
• 5Y*: 7.54%
• 10Y*: 9.16%

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

FLPSX vs. DON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLPSX Fidelity Low-Priced Stock Fund	10.04%	14.69%	7.23%	14.41%	-5.69%	24.46%	9.34%	25.75%	-10.80%	18.88%
DON WisdomTree US MidCap Dividend ETF	7.24%	3.86%	14.20%	14.04%	-4.72%	30.29%	-5.40%	23.31%	-8.26%	14.86%

Correlation

The correlation between FLPSX and DON is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.90

The correlation between FLPSX and DON has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FLPSX vs. DON — Risk / Return Rank

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

FLPSX

FLPSX Risk / Return Rank: 42
FLPSX Sharpe Ratio Rank: 40
FLPSX Sortino Ratio Rank: 42
FLPSX Omega Ratio Rank: 38
FLPSX Calmar Ratio Rank: 47
FLPSX Martin Ratio Rank: 41

DON

DON Risk / Return Rank: 31
DON Sharpe Ratio Rank: 30
DON Sortino Ratio Rank: 31
DON Omega Ratio Rank: 27
DON Calmar Ratio Rank: 31
DON Martin Ratio Rank: 32

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.

FLPSX vs. DON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund (FLPSX) and WisdomTree US MidCap Dividend ETF (DON). 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.

	FLPSX	DON	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.10	+0.74
Sortino ratio: Return per unit of downside risk	2.70	1.71	+0.99
Omega ratio: Gain probability vs. loss probability	1.33	1.19	+0.14
Calmar ratio: Return relative to maximum drawdown	2.61	1.58	+1.03
Martin ratio: Return relative to average drawdown	8.88	4.93	+3.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLPSX vs. DON - Sharpe Ratio Comparison

The current FLPSX Sharpe Ratio is 1.85, which is higher than the DON Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of FLPSX and DON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLPSX	DON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	1.10	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.43	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.45	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.42	+0.43

Drawdowns

FLPSX vs. DON - Drawdown Comparison

The maximum FLPSX drawdown since its inception was -54.81%, smaller than the maximum DON drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for FLPSX and DON.

Drawdown Indicators

	FLPSX	DON	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-61.94%	+7.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-9.05%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-17.66%	-21.46%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-18.76%	-21.46%	+2.70%
Max Drawdown (10Y) Largest decline over 10 years	-38.16%	-46.80%	+8.64%
Current Drawdown Current decline from peak	0.00%	-1.93%	+1.93%
Average Drawdown Average peak-to-trough decline	-5.66%	-7.90%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.90%	-0.30%

Volatility

FLPSX vs. DON - Volatility Comparison

Fidelity Low-Priced Stock Fund (FLPSX) has a higher volatility of 3.31% compared to WisdomTree US MidCap Dividend ETF (DON) at 3.06%. This indicates that FLPSX's price experiences larger fluctuations and is considered to be riskier than DON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLPSX	DON	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	3.06%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	8.87%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	12.97%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	17.77%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	20.26%	-2.90%

FLPSX vs. DON - Expense Ratio Comparison

FLPSX has a 0.82% expense ratio, which is higher than DON's 0.38% expense ratio.

Dividends

FLPSX vs. DON - Dividend Comparison

FLPSX's dividend yield for the trailing twelve months is around 12.07%, more than DON's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DON WisdomTree US MidCap Dividend ETF	2.36%	2.53%	2.27%	2.41%	2.71%	2.12%	2.77%	2.38%	2.55%	2.25%	2.48%	2.89%
FLPSX Fidelity Low-Priced Stock Fund	12.07%	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

Can I hold both FLPSX and DON in my portfolio?

With a correlation of 0.92, FLPSX and DON 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.

Which is riskier, FLPSX or DON?

FLPSX has higher volatility (3.31%) compared to DON (3.06%). In terms of maximum drawdown, FLPSX dropped -54.81% vs DON's -61.94%.

Which has better risk-adjusted returns?

FLPSX currently has the higher Sharpe Ratio (1.85 vs 1.10), 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.