FNKFX vs. WHGMX

Last updated Aug 1, 2026

FNKFX (Fidelity Mid-Cap Stock K6 Fund) and WHGMX (Westwood Quality SMidCap Fund) are both mutual funds - FNKFX is a Mid Cap Blend Equities fund managed by Fidelity, while WHGMX is a Quality Factor fund managed by Westwood. Over the past 5 years, FNKFX returned 11.74%/yr vs 8.88%/yr for WHGMX. Their correlation of 0.94 means they have usually moved in the same direction. FNKFX charges 0.52%/yr vs 0.88%/yr for WHGMX.

Performance

FNKFX vs. WHGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid-Cap Stock K6 Fund (FNKFX) and Westwood Quality SMidCap Fund (WHGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FNKFX having a 14.57% return and WHGMX slightly higher at 14.93%.

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%

WHGMX

• 1D: 0.97%
• 1M: -1.68%
• 6M: 7.38%
• YTD: 14.93%
• 1Y: 21.36%
• 3Y*: 13.32%
• 5Y*: 8.88%
• 10Y*: 9.74%
• ALL TIME*: 9.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNKFX Fidelity Mid-Cap Stock K6 Fund	$0.00	$0.00	$0.00
WHGMX Westwood Quality SMidCap Fund	$0.00	$0.00	$0.00

FNKFX vs. WHGMX - 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%
WHGMX Westwood Quality SMidCap Fund	14.93%	8.40%	10.41%	17.78%	-10.35%	21.39%	5.41%	13.60%

Correlation

The correlation between FNKFX and WHGMX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.94

The correlation between FNKFX and WHGMX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

FNKFX vs. WHGMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNKFX

FNKFX Risk / Return Rank: 52
FNKFX Sharpe Ratio Rank: 41
FNKFX Sortino Ratio Rank: 42
FNKFX Omega Ratio Rank: 39
FNKFX Calmar Ratio Rank: 72
FNKFX Martin Ratio Rank: 68

WHGMX

WHGMX Risk / Return Rank: 42
WHGMX Sharpe Ratio Rank: 38
WHGMX Sortino Ratio Rank: 43
WHGMX Omega Ratio Rank: 35
WHGMX Calmar Ratio Rank: 52
WHGMX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNKFX vs. WHGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock K6 Fund (FNKFX) and Westwood Quality SMidCap Fund (WHGMX). 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	WHGMX	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.19	+0.03
Sortino ratio: Return per unit of downside risk	1.81	1.85	-0.04
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio: Return relative to maximum drawdown	2.36	1.95	+0.41
Martin ratio: Return relative to average drawdown	8.49	6.43	+2.06

FNKFX vs. WHGMX - Sharpe Ratio Comparison

The current FNKFX Sharpe Ratio is 1.22, which is comparable to the WHGMX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FNKFX and WHGMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNKFX vs. WHGMX - Drawdown Comparison

The maximum FNKFX drawdown since its inception was -41.25%, smaller than the maximum WHGMX drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for FNKFX and WHGMX.

Drawdown Indicators

	FNKFX	WHGMX	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-47.99%	+6.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-9.68%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.86%	-23.78%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-21.86%	-23.78%	+1.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.26%	—
Current Drawdown Current decline from peak	-4.37%	-2.59%	-1.78%
Average Drawdown Average peak-to-trough decline	-4.91%	-7.15%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.93%	-0.52%

Volatility

FNKFX vs. WHGMX - Volatility Comparison

Fidelity Mid-Cap Stock K6 Fund (FNKFX) has a higher volatility of 4.16% compared to Westwood Quality SMidCap Fund (WHGMX) at 3.78%. This indicates that FNKFX's price experiences larger fluctuations and is considered to be riskier than WHGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNKFX	WHGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	3.78%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	13.23%	11.85%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	15.88%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.86%	18.74%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	20.26%	+1.61%

FNKFX vs. WHGMX - Expense Ratio Comparison

FNKFX has a 0.52% expense ratio, which is lower than WHGMX's 0.88% expense ratio.

Dividends

FNKFX vs. WHGMX - Dividend Comparison

FNKFX's dividend yield for the trailing twelve months is around 4.00%, less than WHGMX's 4.52% 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%
WHGMX Westwood Quality SMidCap Fund	4.52%	5.19%	1.21%	2.92%	1.52%	16.39%	2.83%	11.93%	19.09%	12.12%	1.40%	7.40%

Frequently Asked Questions

Can I hold both FNKFX and WHGMX in my portfolio?

FNKFX and WHGMX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNKFX or WHGMX?

FNKFX has higher volatility (4.16%) compared to WHGMX (3.78%). In terms of maximum drawdown, FNKFX dropped -41.25% vs WHGMX's -47.99%.

Which has better risk-adjusted returns?

FNKFX currently has the higher Sharpe Ratio (1.22 vs 1.19), 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.