FVDKX vs. PXTIX

Last updated Aug 1, 2026

FVDKX (Fidelity Value Discovery Fund Class K) and PXTIX (PIMCO RAE PLUS Fund) are both Large Cap Value Equities funds. Over the past 10 years, FVDKX returned 10.94%/yr vs 14.49%/yr for PXTIX. Their correlation of 0.91 means they have usually moved in the same direction. FVDKX charges 0.70%/yr vs 0.80%/yr for PXTIX.

Performance

FVDKX vs. PXTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Value Discovery Fund Class K (FVDKX) and PIMCO RAE PLUS Fund (PXTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVDKX achieves a 17.33% return, which is significantly lower than PXTIX's 25.37% return. Over the past 10 years, FVDKX has underperformed PXTIX with an annualized return of 10.94%, while PXTIX has yielded a comparatively higher 14.49% annualized return.

FVDKX

• 1D: 0.40%
• 1M: 2.60%
• 6M: 12.99%
• YTD: 17.33%
• 1Y: 32.29%
• 3Y*: 14.83%
• 5Y*: 9.89%
• 10Y*: 10.94%
• ALL TIME*: 8.86%

PXTIX

• 1D: 0.53%
• 1M: 4.90%
• 6M: 19.99%
• YTD: 25.37%
• 1Y: 43.26%
• 3Y*: 24.58%
• 5Y*: 15.06%
• 10Y*: 14.49%
• ALL TIME*: 13.39%

*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)
FVDKX Fidelity Value Discovery Fund Class K	$0.00	$0.00	$0.00
PXTIX PIMCO RAE PLUS Fund	$0.00	$0.00	$0.00

FVDKX vs. PXTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVDKX Fidelity Value Discovery Fund Class K	17.33%	17.02%	8.55%	5.42%	-3.68%	25.03%	7.86%	24.22%	-10.25%	14.29%
PXTIX PIMCO RAE PLUS Fund	25.37%	20.59%	17.25%	18.55%	-8.62%	27.45%	4.32%	26.57%	-8.04%	19.31%

Correlation

The correlation between FVDKX and PXTIX is 0.82, 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.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.91

The correlation between FVDKX and PXTIX shifts across timeframes, from 0.80 (3 years) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FVDKX vs. PXTIX — Risk / Return Rank

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

FVDKX

FVDKX Risk / Return Rank: 95
FVDKX Sharpe Ratio Rank: 97
FVDKX Sortino Ratio Rank: 95
FVDKX Omega Ratio Rank: 92
FVDKX Calmar Ratio Rank: 95
FVDKX Martin Ratio Rank: 97

PXTIX

PXTIX Risk / Return Rank: 97
PXTIX Sharpe Ratio Rank: 98
PXTIX Sortino Ratio Rank: 97
PXTIX Omega Ratio Rank: 94
PXTIX Calmar Ratio Rank: 98
PXTIX Martin Ratio Rank: 98

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.

FVDKX vs. PXTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Discovery Fund Class K (FVDKX) and PIMCO RAE PLUS Fund (PXTIX). 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.

	FVDKX	PXTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	3.13	-0.31
Sortino ratio: Return per unit of downside risk	4.02	4.29	-0.26
Omega ratio: Gain probability vs. loss probability	1.51	1.56	-0.05
Calmar ratio: Return relative to maximum drawdown	4.35	6.62	-2.26
Martin ratio: Return relative to average drawdown	18.18	22.80	-4.62

FVDKX vs. PXTIX - Sharpe Ratio Comparison

The current FVDKX Sharpe Ratio is 2.82, which is comparable to the PXTIX Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of FVDKX and PXTIX, 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

FVDKX vs. PXTIX - Drawdown Comparison

The maximum FVDKX drawdown since its inception was -56.60%, roughly equal to the maximum PXTIX drawdown of -59.22%. Use the drawdown chart below to compare losses from any high point for FVDKX and PXTIX.

Drawdown Indicators

	FVDKX	PXTIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.60%	-59.22%	+2.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.85%	-6.30%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	-19.08%	+5.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-22.90%	+6.76%
Max Drawdown (10Y) Largest decline over 10 years	-37.71%	-44.16%	+6.45%
Current Drawdown Current decline from peak	-0.07%	-0.23%	+0.16%
Average Drawdown Average peak-to-trough decline	-7.45%	-6.09%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.83%	-0.17%

Volatility

FVDKX vs. PXTIX - Volatility Comparison

Fidelity Value Discovery Fund Class K (FVDKX) has a higher volatility of 3.11% compared to PIMCO RAE PLUS Fund (PXTIX) at 2.60%. This indicates that FVDKX's price experiences larger fluctuations and is considered to be riskier than PXTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVDKX	PXTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	2.60%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	9.48%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	10.59%	13.33%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.38%	17.40%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	19.34%	-2.70%

FVDKX vs. PXTIX - Expense Ratio Comparison

FVDKX has a 0.70% expense ratio, which is lower than PXTIX's 0.80% expense ratio.

Dividends

FVDKX vs. PXTIX - Dividend Comparison

FVDKX's dividend yield for the trailing twelve months is around 7.59%, more than PXTIX's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVDKX Fidelity Value Discovery Fund Class K	7.59%	8.90%	5.47%	5.30%	4.80%	4.85%	1.38%	3.06%	3.49%	1.97%	1.24%	3.55%
PXTIX PIMCO RAE PLUS Fund	6.32%	6.65%	12.78%	2.58%	19.25%	17.53%	7.42%	15.90%	14.04%	7.34%	0.00%	6.60%

Frequently Asked Questions

Can I hold both FVDKX and PXTIX in my portfolio?

FVDKX and PXTIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVDKX or PXTIX?

FVDKX has higher volatility (3.11%) compared to PXTIX (2.60%). In terms of maximum drawdown, FVDKX dropped -56.60% vs PXTIX's -59.22%.

Which has better risk-adjusted returns?

PXTIX currently has the higher Sharpe Ratio (3.13 vs 2.82), 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.