FNKLX vs. FSKAX
Compare and contrast key facts about Fidelity Series Value Discovery Fund (FNKLX) and Fidelity Total Market Index Fund (FSKAX).
FNKLX is managed by Fidelity. It was launched on Dec 6, 2012. FSKAX is managed by Fidelity.
Performance
FNKLX vs. FSKAX - Performance Comparison
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FNKLX vs. FSKAX - 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% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FNKLX achieves a -0.38% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FNKLX has underperformed FSKAX with an annualized return of 10.64%, while FSKAX has yielded a comparatively higher 13.23% 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%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FNKLX vs. FSKAX - Expense Ratio Comparison
FNKLX has a 0.00% expense ratio, which is lower than FSKAX's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FNKLX vs. FSKAX — Risk / Return Rank
FNKLX
FSKAX
FNKLX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Value Discovery Fund (FNKLX) and Fidelity Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.83 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.29 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.04 | +0.42 |
Martin ratioReturn relative to average drawdown | 6.48 | 5.05 | +1.43 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.83 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.59 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.72 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.78 | -0.11 |
Correlation
The correlation between FNKLX and FSKAX is 0.85, 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. FSKAX - Dividend Comparison
FNKLX's dividend yield for the trailing twelve months is around 8.81%, more than FSKAX's 1.09% 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% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FNKLX vs. FSKAX - Drawdown Comparison
The maximum FNKLX drawdown since its inception was -37.31%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FNKLX and FSKAX.
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Drawdown Indicators
| FNKLX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.31% | -35.01% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -12.42% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -25.39% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -37.31% | -35.01% | -2.30% |
Current DrawdownCurrent decline from peak | -6.73% | -8.92% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.05% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.57% | -0.36% |
Volatility
FNKLX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Series Value Discovery Fund (FNKLX) is 3.05%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FNKLX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNKLX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.42% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 9.40% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 18.50% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 17.38% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 18.42% | -1.72% |