FZFLX vs. FLKSX
FZFLX (Fidelity SAI Small-Mid Cap 500 Index Fund) and FLKSX (Fidelity Low-Priced Stock K6 Fund) are both mutual funds - FZFLX is a Mid Cap Blend Equities fund managed by Fidelity, while FLKSX is a Mid Cap Value Equities fund managed by T. Rowe Price. Over the past 5 years, FZFLX returned 10.68%/yr vs 10.82%/yr for FLKSX. Their correlation of 0.87 means they have usually moved in the same direction. FZFLX charges 0.05%/yr vs 0.50%/yr for FLKSX.
Performance
FZFLX vs. FLKSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FZFLX achieves a 26.12% return, which is significantly higher than FLKSX's 15.77% return.
FZFLX
- 1D
- 3.67%
- 1M
- -3.42%
- 6M
- 18.20%
- YTD
- 26.12%
- 1Y
- 36.06%
- 3Y*
- 18.61%
- 5Y*
- 10.68%
- 10Y*
- 13.03%
- ALL TIME*
- 12.39%
FLKSX
- 1D
- 0.61%
- 1M
- 3.02%
- 6M
- 10.87%
- YTD
- 15.77%
- 1Y
- 25.31%
- 3Y*
- 15.93%
- 5Y*
- 10.82%
- 10Y*
- —
- ALL TIME*
- 11.72%
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 |
FZFLX vs. FLKSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 26.12% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 12.32% |
FLKSX Fidelity Low-Priced Stock K6 Fund | 15.77% | 14.61% | 10.81% | 14.87% | -5.16% | 24.70% | 9.32% | 25.16% | -10.42% | 12.93% |
Correlation
The correlation between FZFLX and FLKSX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 26, 2017 | 0.87 |
The correlation between FZFLX and FLKSX shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FZFLX vs. FLKSX — Risk / Return Rank
FZFLX
FLKSX
FZFLX vs. FLKSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Fidelity Low-Priced Stock K6 Fund (FLKSX). 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.
| FZFLX | FLKSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.56 | +0.27 |
| Martin ratioReturn relative to average drawdown | 10.39 | 8.97 | +1.42 |
Loading charts...
Drawdowns
FZFLX vs. FLKSX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.03%, which is greater than FLKSX's maximum drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for FZFLX and FLKSX.
Loading charts...
Drawdown Indicators
| FZFLX | FLKSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -36.70% | -5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -8.87% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -22.29% | -16.53% | -5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -17.82% | -6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | — | — |
Current DrawdownCurrent decline from peak | -8.43% | 0.00% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -4.51% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.54% | +0.65% |
Volatility
FZFLX vs. FLKSX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 7.98% compared to Fidelity Low-Priced Stock K6 Fund (FLKSX) at 2.79%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than FLKSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FZFLX | FLKSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 2.79% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 8.98% | +11.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 12.56% | +10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 14.76% | +6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 16.35% | +4.92% |
FZFLX vs. FLKSX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is lower than FLKSX's 0.50% expense ratio.
Dividends
FZFLX vs. FLKSX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 45.81%, more than FLKSX's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLKSX Fidelity Low-Priced Stock K6 Fund | 6.36% | 7.37% | 13.98% | 6.70% | 3.47% | 5.34% | 1.47% | 2.47% | 1.52% | 0.63% | 0.00% | 0.00% |
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 45.81% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
Frequently Asked Questions
FZFLX and FLKSX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZFLX has higher volatility (7.98%) compared to FLKSX (2.79%). In terms of maximum drawdown, FZFLX dropped -42.03% vs FLKSX's -36.70%.
FLKSX currently has the higher Sharpe Ratio (1.82 vs 1.44), 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.
Find the right allocation for FZFLX and FLKSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer