FLPSX vs. SPY
Compare and contrast key facts about Fidelity Low-Priced Stock Fund (FLPSX) and State Street 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.
Performance
FLPSX vs. SPY - Performance Comparison
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FLPSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLPSX Fidelity Low-Priced Stock Fund | -1.04% | 14.69% | 7.23% | 14.41% | -5.69% | 24.46% | 9.34% | 25.75% | -10.80% | 18.88% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FLPSX achieves a -1.04% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FLPSX has underperformed SPY with an annualized return of 9.89%, while SPY has yielded a comparatively higher 13.98% annualized return.
FLPSX
- 1D
- -0.37%
- 1M
- -8.40%
- YTD
- -1.04%
- 6M
- 0.58%
- 1Y
- 15.02%
- 3Y*
- 11.25%
- 5Y*
- 7.50%
- 10Y*
- 9.89%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
FLPSX vs. SPY — Risk / Return Rank
FLPSX
SPY
FLPSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund (FLPSX) and State Street 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.
| FLPSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.93 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.45 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.53 | -0.47 |
Martin ratioReturn relative to average drawdown | 4.35 | 7.30 | -2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLPSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.93 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.69 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.78 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.56 | +0.27 |
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.
Dividends
FLPSX vs. SPY - Dividend Comparison
FLPSX's dividend yield for the trailing twelve months is around 13.42%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLPSX Fidelity Low-Priced Stock Fund | 13.42% | 13.28% | 16.24% | 18.29% | 9.45% | 12.11% | 11.14% | 8.14% | 13.45% | 7.45% | 4.85% | 4.04% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FLPSX vs. SPY - Drawdown Comparison
The maximum FLPSX drawdown since its inception was -54.81%, 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.
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Drawdown Indicators
| FLPSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -55.19% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.05% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.76% | -24.50% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -33.72% | -4.44% |
Current DrawdownCurrent decline from peak | -8.81% | -6.24% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -9.09% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.52% | +0.51% |
Volatility
FLPSX vs. SPY - Volatility Comparison
The current volatility for Fidelity Low-Priced Stock Fund (FLPSX) is 4.14%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| FLPSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 5.31% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 9.47% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 19.05% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 17.06% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 17.92% | -0.60% |