FLPSX vs. FFLC

Last updated Jun 9, 2026

FLPSX (Fidelity Low-Priced Stock Fund) and FFLC (Fidelity Fundamental Large Cap Core ETF) are both funds - FLPSX is a Mid Cap Value Equities fund managed by Fidelity, while FFLC is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 5 years, FLPSX returned 8.02%/yr vs 15.52%/yr for FFLC. Their correlation of 0.85 suggests significant overlap in exposure. FLPSX charges 0.82%/yr vs 0.38%/yr for FFLC.

Performance

FLPSX vs. FFLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low-Priced Stock Fund (FLPSX) and Fidelity Fundamental Large Cap Core ETF (FFLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FLPSX having a 8.78% return and FFLC slightly lower at 8.51%.

FLPSX

• 1D: -1.30%
• 1M: -0.09%
• YTD: 8.78%
• 6M: 10.09%
• 1Y: 19.88%
• 3Y*: 14.66%
• 5Y*: 8.02%
• 10Y*: 10.67%

FFLC

• 1D: 0.33%
• 1M: -0.24%
• YTD: 8.51%
• 6M: 9.11%
• 1Y: 23.62%
• 3Y*: 22.38%
• 5Y*: 15.52%
• 10Y*: —

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

FLPSX vs. FFLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FLPSX Fidelity Low-Priced Stock Fund	8.78%	14.69%	7.23%	14.41%	-5.69%	24.46%	23.95%
FFLC Fidelity Fundamental Large Cap Core ETF	8.51%	17.67%	27.89%	25.07%	-0.04%	24.53%	18.76%

Correlation

The correlation between FLPSX and FFLC is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.85

The correlation between FLPSX and FFLC shifts across timeframes, from 0.70 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLPSX vs. FFLC — Risk / Return Rank

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

FLPSX

FLPSX Risk / Return Rank: 37
FLPSX Sharpe Ratio Rank: 36
FLPSX Sortino Ratio Rank: 37
FLPSX Omega Ratio Rank: 34
FLPSX Calmar Ratio Rank: 42
FLPSX Martin Ratio Rank: 38

FFLC

FFLC Risk / Return Rank: 59
FFLC Sharpe Ratio Rank: 60
FFLC Sortino Ratio Rank: 58
FFLC Omega Ratio Rank: 59
FFLC Calmar Ratio Rank: 53
FFLC Martin Ratio Rank: 64

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. FFLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund (FLPSX) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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	FFLC	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.81	-0.15
Sortino ratio: Return per unit of downside risk	2.44	2.47	-0.03
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.37	2.38	-0.01
Martin ratio: Return relative to average drawdown	8.05	10.72	-2.67
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. FFLC - Sharpe Ratio Comparison

The current FLPSX Sharpe Ratio is 1.66, which is comparable to the FFLC Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of FLPSX and FFLC, 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	FFLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.81	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.92	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.15	-0.30

Drawdowns

FLPSX vs. FFLC - Drawdown Comparison

The maximum FLPSX drawdown since its inception was -54.81%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FLPSX and FFLC.

Drawdown Indicators

	FLPSX	FFLC	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-19.72%	-35.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-9.98%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.66%	-19.72%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.76%	-19.72%	+0.96%
Max Drawdown (10Y) Largest decline over 10 years	-38.16%	—	—
Current Drawdown Current decline from peak	-1.30%	-2.38%	+1.08%
Average Drawdown Average peak-to-trough decline	-5.66%	-2.99%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.21%	+0.40%

Volatility

FLPSX vs. FFLC - Volatility Comparison

The current volatility for Fidelity Low-Priced Stock Fund (FLPSX) is 3.28%, while Fidelity Fundamental Large Cap Core ETF (FFLC) has a volatility of 3.95%. This indicates that FLPSX experiences smaller price fluctuations and is considered to be less risky than FFLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLPSX	FFLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.95%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	10.15%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	13.11%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	16.97%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	17.67%	-0.31%

FLPSX vs. FFLC - Expense Ratio Comparison

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

Dividends

FLPSX vs. FFLC - Dividend Comparison

FLPSX's dividend yield for the trailing twelve months is around 12.21%, more than FFLC's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFLC Fidelity Fundamental Large Cap Core ETF	1.01%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%
FLPSX Fidelity Low-Priced Stock Fund	12.21%	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 FFLC in my portfolio?

FLPSX and FFLC 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, FLPSX or FFLC?

FFLC has higher volatility (3.95%) compared to FLPSX (3.28%). In terms of maximum drawdown, FLPSX dropped -54.81% vs FFLC's -19.72%.

Which has better risk-adjusted returns?

FFLC currently has the higher Sharpe Ratio (1.81 vs 1.66), 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.