FNKLX vs. ACIIX
Compare and contrast key facts about Fidelity Series Value Discovery Fund (FNKLX) and American Century Equity Income Fund Class I (ACIIX).
FNKLX is managed by Fidelity. It was launched on Dec 6, 2012. ACIIX is managed by American Century. It was launched on Jul 8, 1998.
Performance
FNKLX vs. ACIIX - Performance Comparison
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FNKLX vs. ACIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | -0.38% | 17.47% | 13.74% | 6.15% | -2.88% | 25.83% | 8.88% | 24.24% | -9.03% | 11.58% |
ACIIX American Century Equity Income Fund Class I | 2.73% | 12.05% | 10.58% | 4.25% | -2.96% | 17.16% | 1.19% | 24.50% | -3.53% | 13.69% |
Returns By Period
In the year-to-date period, FNKLX achieves a -0.38% return, which is significantly lower than ACIIX's 2.73% return. Over the past 10 years, FNKLX has outperformed ACIIX with an annualized return of 10.64%, while ACIIX has yielded a comparatively lower 8.89% annualized return.
FNKLX
- 1D
- 0.06%
- 1M
- -6.53%
- YTD
- -0.38%
- 6M
- 6.35%
- 1Y
- 14.48%
- 3Y*
- 13.03%
- 5Y*
- 9.20%
- 10Y*
- 10.64%
ACIIX
- 1D
- 0.00%
- 1M
- -5.73%
- YTD
- 2.73%
- 6M
- 4.62%
- 1Y
- 9.92%
- 3Y*
- 9.70%
- 5Y*
- 7.47%
- 10Y*
- 8.89%
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FNKLX vs. ACIIX - Expense Ratio Comparison
FNKLX has a 0.00% expense ratio, which is lower than ACIIX's 0.72% expense ratio.
Return for Risk
FNKLX vs. ACIIX — Risk / Return Rank
FNKLX
ACIIX
FNKLX vs. ACIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Value Discovery Fund (FNKLX) and American Century Equity Income Fund Class I (ACIIX). 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.
| FNKLX | ACIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.93 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.35 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.11 | +0.35 |
Martin ratioReturn relative to average drawdown | 6.48 | 4.37 | +2.11 |
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
| FNKLX | ACIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.93 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.70 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.67 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.53 | +0.14 |
Correlation
The correlation between FNKLX and ACIIX is 0.93, 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
FNKLX vs. ACIIX - Dividend Comparison
FNKLX's dividend yield for the trailing twelve months is around 8.81%, less than ACIIX's 10.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | 8.81% | 6.65% | 9.10% | 5.08% | 9.13% | 8.50% | 3.01% | 3.89% | 7.22% | 7.74% | 3.94% | 8.72% |
ACIIX American Century Equity Income Fund Class I | 10.28% | 10.55% | 11.71% | 8.21% | 8.96% | 7.02% | 2.18% | 7.57% | 9.05% | 12.14% | 8.08% | 10.72% |
Drawdowns
FNKLX vs. ACIIX - Drawdown Comparison
The maximum FNKLX drawdown since its inception was -37.31%, roughly equal to the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FNKLX and ACIIX.
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Drawdown Indicators
| FNKLX | ACIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.31% | -39.16% | +1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -8.96% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -13.49% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.31% | -32.76% | -4.55% |
Current DrawdownCurrent decline from peak | -6.73% | -5.73% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -5.26% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.30% | -0.09% |
Volatility
FNKLX vs. ACIIX - Volatility Comparison
Fidelity Series Value Discovery Fund (FNKLX) has a higher volatility of 3.05% compared to American Century Equity Income Fund Class I (ACIIX) at 2.76%. This indicates that FNKLX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNKLX | ACIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.76% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 6.05% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 11.61% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 10.74% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 13.37% | +3.33% |