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 Fidelity. 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.
Correlation
The correlation between FLPSX and SPY is 0.81, 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
FLPSX vs. SPY - Performance Comparison
Key characteristics
FLPSX:
-0.02
SPY:
0.54
FLPSX:
0.10
SPY:
0.89
FLPSX:
1.01
SPY:
1.13
FLPSX:
-0.01
SPY:
0.58
FLPSX:
-0.06
SPY:
2.39
FLPSX:
4.62%
SPY:
4.51%
FLPSX:
17.24%
SPY:
20.07%
FLPSX:
-53.75%
SPY:
-55.19%
FLPSX:
-8.67%
SPY:
-10.54%
Returns By Period
In the year-to-date period, FLPSX achieves a -2.99% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, FLPSX has underperformed SPY with an annualized return of 7.94%, while SPY has yielded a comparatively higher 11.95% annualized return.
FLPSX
-2.99%
-3.91%
-5.31%
-1.44%
14.46%
7.94%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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.
Risk-Adjusted Performance
FLPSX vs. SPY — Risk-Adjusted Performance Rank
FLPSX
SPY
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 16.74%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLPSX Fidelity Low-Priced Stock Fund | 16.74% | 16.24% | 18.29% | 9.45% | 12.11% | 11.14% | 8.14% | 13.45% | 8.91% | 4.85% | 4.67% | 5.88% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FLPSX vs. SPY - Drawdown Comparison
The maximum FLPSX drawdown since its inception was -53.75%, 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
The current volatility for Fidelity Low-Priced Stock Fund (FLPSX) is 11.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that FLPSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.