FPKFX vs. TRAIX
FPKFX (Fidelity Puritan K6 Fund) and TRAIX (T. Rowe Price Capital Appreciation Fund Class I) are both Diversified Portfolio funds. Over the past 5 years, FPKFX returned 8.40%/yr vs 8.41%/yr for TRAIX. Their correlation of 0.89 means they have usually moved in the same direction. FPKFX charges 0.32%/yr vs 0.59%/yr for TRAIX.
Performance
FPKFX vs. TRAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FPKFX having a 7.08% return and TRAIX slightly lower at 6.77%.
FPKFX
- 1D
- 0.49%
- 1M
- -1.55%
- 6M
- 4.36%
- YTD
- 7.08%
- 1Y
- 14.27%
- 3Y*
- 14.18%
- 5Y*
- 8.40%
- 10Y*
- —
- ALL TIME*
- 11.81%
TRAIX
- 1D
- 0.71%
- 1M
- 0.16%
- 6M
- 6.24%
- YTD
- 6.77%
- 1Y
- 11.41%
- 3Y*
- 12.39%
- 5Y*
- 8.41%
- 10Y*
- 11.29%
- ALL TIME*
- 11.50%
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 |
FPKFX vs. TRAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPKFX Fidelity Puritan K6 Fund | 7.08% | 11.37% | 18.95% | 20.29% | -17.11% | 19.10% | 20.22% | 9.41% |
TRAIX T. Rowe Price Capital Appreciation Fund Class I | 6.77% | 12.57% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 7.86% |
Correlation
The correlation between FPKFX and TRAIX is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.89 |
The correlation between FPKFX and TRAIX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
FPKFX vs. TRAIX — Risk / Return Rank
FPKFX
TRAIX
FPKFX vs. TRAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan K6 Fund (FPKFX) and T. Rowe Price Capital Appreciation Fund Class I (TRAIX). 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.
| FPKFX | TRAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.65 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.13 | 6.74 | +0.40 |
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Drawdowns
FPKFX vs. TRAIX - Drawdown Comparison
The maximum FPKFX drawdown since its inception was -24.46%, smaller than the maximum TRAIX drawdown of -26.84%. Use the drawdown chart below to compare losses from any high point for FPKFX and TRAIX.
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Drawdown Indicators
| FPKFX | TRAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -26.84% | +2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -6.30% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -16.02% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -17.00% | -5.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.84% | — |
Current DrawdownCurrent decline from peak | -2.95% | -0.75% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -2.80% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.54% | +0.32% |
Volatility
FPKFX vs. TRAIX - Volatility Comparison
Fidelity Puritan K6 Fund (FPKFX) has a higher volatility of 3.28% compared to T. Rowe Price Capital Appreciation Fund Class I (TRAIX) at 2.07%. This indicates that FPKFX's price experiences larger fluctuations and is considered to be riskier than TRAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPKFX | TRAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.07% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 6.40% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 7.89% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 12.80% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.31% | 12.73% | +1.58% |
FPKFX vs. TRAIX - Expense Ratio Comparison
FPKFX has a 0.32% expense ratio, which is lower than TRAIX's 0.59% expense ratio.
Dividends
FPKFX vs. TRAIX - Dividend Comparison
FPKFX's dividend yield for the trailing twelve months is around 3.48%, less than TRAIX's 8.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FPKFX Fidelity Puritan K6 Fund | 3.48% | 4.19% | 3.83% | 1.67% | 1.62% | 4.34% | 1.40% | 0.63% | 0.00% | 0.00% | 0.00% |
TRAIX T. Rowe Price Capital Appreciation Fund Class I | 8.39% | 8.96% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% |
Frequently Asked Questions
FPKFX and TRAIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPKFX has higher volatility (3.28%) compared to TRAIX (2.07%). In terms of maximum drawdown, FPKFX dropped -24.46% vs TRAIX's -26.84%.
TRAIX currently has the higher Sharpe Ratio (1.32 vs 1.17), 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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