FLPSX vs. SPY
Compare and contrast key facts about Fidelity Low-Priced Stock Fund (FLPSX) and SPDR S&P 500 ETF (SPY).
FLPSX is managed by T. Rowe Price. It was launched on Dec 27, 1989. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLPSX or SPY.
Performance
FLPSX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FLPSX achieves a 10.41% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, FLPSX has underperformed SPY with an annualized return of 9.30%, while SPY has yielded a comparatively higher 13.04% annualized return.
FLPSX
10.41%
-1.82%
0.93%
20.21%
11.25%
9.30%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| FLPSX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.54 | 2.64 |
| Sortino Ratio | 2.18 | 3.53 |
| Omega Ratio | 1.27 | 1.49 |
| Calmar Ratio | 2.58 | 3.81 |
| Martin Ratio | 8.87 | 17.21 |
| Ulcer Index | 2.19% | 1.86% |
| Daily Std Dev | 12.58% | 12.15% |
| Max Drawdown | -52.95% | -55.19% |
| Current Drawdown | -3.04% | -2.17% |
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FLPSX vs. SPY - Expense Ratio Comparison
FLPSX has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between FLPSX and SPY is 0.80, 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.
Risk-Adjusted Performance
FLPSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund (FLPSX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FLPSX vs. SPY - Dividend Comparison
FLPSX's dividend yield for the trailing twelve months is around 2.15%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLPSX Fidelity Low-Priced Stock Fund | 2.15% | 2.02% | 1.20% | 1.54% | 1.77% | 1.77% | 1.94% | 1.45% | 1.20% | 5.15% | 6.91% | 7.46% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLPSX vs. SPY - Drawdown Comparison
The maximum FLPSX drawdown since its inception was -52.95%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLPSX and SPY. For additional features, visit the drawdowns tool.
Volatility
FLPSX vs. SPY - Volatility Comparison
Fidelity Low-Priced Stock Fund (FLPSX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.21% and 4.08%, 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.