FNKFX vs. LLSCX
FNKFX (Fidelity Mid-Cap Stock K6 Fund) and LLSCX (Longleaf Partners Small-Cap Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, FNKFX returned 11.74%/yr vs 2.00%/yr for LLSCX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FNKFX charges 0.52%/yr vs 0.95%/yr for LLSCX.
Performance
FNKFX vs. LLSCX - Performance Comparison
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Returns By Period
In the year-to-date period, FNKFX achieves a 14.57% return, which is significantly higher than LLSCX's -3.30% return.
FNKFX
- 1D
- 1.21%
- 1M
- -2.53%
- 6M
- 10.75%
- YTD
- 14.57%
- 1Y
- 22.72%
- 3Y*
- 16.72%
- 5Y*
- 11.74%
- 10Y*
- —
- ALL TIME*
- 13.78%
LLSCX
- 1D
- -2.33%
- 1M
- 1.15%
- 6M
- -4.81%
- YTD
- -3.30%
- 1Y
- 1.06%
- 3Y*
- 5.40%
- 5Y*
- 2.00%
- 10Y*
- 5.81%
- ALL TIME*
- 9.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNKFX vs. LLSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNKFX Fidelity Mid-Cap Stock K6 Fund | 14.57% | 11.07% | 21.99% | 11.55% | -5.98% | 27.16% | 11.27% | 8.97% |
LLSCX Longleaf Partners Small-Cap Fund | -3.30% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 21.01% |
Correlation
The correlation between FNKFX and LLSCX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019 | 0.80 |
Over the past year, the correlation between FNKFX and LLSCX has dropped to 0.44 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
FNKFX vs. LLSCX — Risk / Return Rank
FNKFX
LLSCX
FNKFX vs. LLSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock K6 Fund (FNKFX) and Longleaf Partners Small-Cap Fund (LLSCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNKFX | LLSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.15 | +2.51 |
| Martin ratioReturn relative to average drawdown | 8.49 | -0.31 | +8.80 |
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Drawdowns
FNKFX vs. LLSCX - Drawdown Comparison
The maximum FNKFX drawdown since its inception was -41.25%, smaller than the maximum LLSCX drawdown of -63.97%. Use the drawdown chart below to compare losses from any high point for FNKFX and LLSCX.
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Drawdown Indicators
| FNKFX | LLSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.25% | -63.97% | +22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -11.44% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.86% | -15.40% | -6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -26.67% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.23% | — |
Current DrawdownCurrent decline from peak | -4.37% | -7.56% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -8.90% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 5.62% | -3.21% |
Volatility
FNKFX vs. LLSCX - Volatility Comparison
The current volatility for Fidelity Mid-Cap Stock K6 Fund (FNKFX) is 4.16%, while Longleaf Partners Small-Cap Fund (LLSCX) has a volatility of 5.13%. This indicates that FNKFX experiences smaller price fluctuations and is considered to be less risky than LLSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNKFX | LLSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 5.13% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 10.29% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 13.38% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 17.03% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 24.58% | -2.71% |
FNKFX vs. LLSCX - Expense Ratio Comparison
FNKFX has a 0.52% expense ratio, which is lower than LLSCX's 0.95% expense ratio.
Dividends
FNKFX vs. LLSCX - Dividend Comparison
FNKFX's dividend yield for the trailing twelve months is around 4.00%, more than LLSCX's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNKFX Fidelity Mid-Cap Stock K6 Fund | 4.00% | 0.59% | 12.35% | 0.99% | 2.91% | 4.03% | 1.45% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
FNKFX and LLSCX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLSCX has higher volatility (5.13%) compared to FNKFX (4.16%). In terms of maximum drawdown, FNKFX dropped -41.25% vs LLSCX's -63.97%.
FNKFX currently has the higher Sharpe Ratio (1.22 vs -0.13), 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.
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