FPKFX vs. ITOT
FPKFX (Fidelity Puritan K6 Fund) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both funds - FPKFX is a Diversified Portfolio fund managed by Fidelity, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Over the past 5 years, FPKFX returned 9.36%/yr vs 12.80%/yr for ITOT. With a 0.95 correlation, they move nearly in lockstep. FPKFX charges 0.32%/yr vs 0.03%/yr for ITOT.
Performance
FPKFX vs. ITOT - Performance Comparison
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Returns By Period
In the year-to-date period, FPKFX achieves a 9.75% return, which is significantly lower than ITOT's 11.78% return.
FPKFX
- 1D
- -0.32%
- 1M
- 3.11%
- YTD
- 9.75%
- 6M
- 9.47%
- 1Y
- 21.84%
- 3Y*
- 16.86%
- 5Y*
- 9.36%
- 10Y*
- —
ITOT
- 1D
- 0.48%
- 1M
- 4.64%
- YTD
- 11.78%
- 6M
- 11.52%
- 1Y
- 28.81%
- 3Y*
- 22.39%
- 5Y*
- 12.80%
- 10Y*
- 15.01%
FPKFX vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPKFX Fidelity Puritan K6 Fund | 9.75% | 11.37% | 18.95% | 20.29% | -17.11% | 19.10% | 20.22% | 9.41% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 11.78% | 17.00% | 23.80% | 26.12% | -19.47% | 25.68% | 20.71% | 12.40% |
Correlation
The correlation between FPKFX and ITOT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2019 | 0.95 |
The correlation between FPKFX and ITOT has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FPKFX vs. ITOT — Risk / Return Rank
FPKFX
ITOT
FPKFX vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan K6 Fund (FPKFX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
| FPKFX | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.25 | -0.25 |
| Martin ratioReturn relative to average drawdown | 13.42 | 14.92 | -1.50 |
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
| FPKFX | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.37 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.74 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.57 | +0.30 |
Drawdowns
FPKFX vs. ITOT - Drawdown Comparison
The maximum FPKFX drawdown since its inception was -24.46%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for FPKFX and ITOT.
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Drawdown Indicators
| FPKFX | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -55.20% | +30.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -8.90% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -19.44% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -25.36% | +3.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.25% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -6.97% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.94% | -0.28% |
Volatility
FPKFX vs. ITOT - Volatility Comparison
Fidelity Puritan K6 Fund (FPKFX) has a higher volatility of 3.22% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.94%. This indicates that FPKFX's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPKFX | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 2.94% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 9.14% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 12.19% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 17.35% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 18.26% | -3.96% |
FPKFX vs. ITOT - Expense Ratio Comparison
FPKFX has a 0.32% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
FPKFX vs. ITOT - Dividend Comparison
FPKFX's dividend yield for the trailing twelve months is around 3.82%, more than ITOT's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPKFX Fidelity Puritan K6 Fund | 3.82% | 4.19% | 3.83% | 1.67% | 1.62% | 4.34% | 1.40% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.97% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
Frequently Asked Questions
With a correlation of 0.94, FPKFX and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FPKFX has higher volatility (3.22%) compared to ITOT (2.94%). In terms of maximum drawdown, FPKFX dropped -24.46% vs ITOT's -55.20%.
ITOT currently has the higher Sharpe Ratio (2.37 vs 2.24), 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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