LLSCX vs. FNKFX
LLSCX (Longleaf Partners Small-Cap Fund) and FNKFX (Fidelity Mid-Cap Stock K6 Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, LLSCX returned 2.00%/yr vs 11.74%/yr for FNKFX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. LLSCX charges 0.95%/yr vs 0.52%/yr for FNKFX.
Performance
LLSCX vs. FNKFX - Performance Comparison
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Returns By Period
In the year-to-date period, LLSCX achieves a -3.30% return, which is significantly lower than FNKFX's 14.57% return.
LLSCX
- 1D
- -2.33%
- 1M
- 1.15%
- 6M
- -4.81%
- YTD
- -3.30%
- 1Y
- 1.06%
- 3Y*
- 5.40%
- 5Y*
- 2.00%
- 10Y*
- 5.81%
- ALL TIME*
- 9.87%
FNKFX
- 1D
- 1.21%
- 1M
- -2.53%
- 6M
- 10.75%
- YTD
- 14.57%
- 1Y
- 22.72%
- 3Y*
- 16.72%
- 5Y*
- 11.74%
- 10Y*
- —
- ALL TIME*
- 13.78%
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 |
LLSCX vs. FNKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | -3.30% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 21.01% |
FNKFX Fidelity Mid-Cap Stock K6 Fund | 14.57% | 11.07% | 21.99% | 11.55% | -5.98% | 27.16% | 11.27% | 8.97% |
Correlation
The correlation between LLSCX and FNKFX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019 | 0.80 |
Over the past year, the correlation between LLSCX and FNKFX has dropped to 0.44 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
LLSCX vs. FNKFX — Risk / Return Rank
LLSCX
FNKFX
LLSCX vs. FNKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Small-Cap Fund (LLSCX) and Fidelity Mid-Cap Stock K6 Fund (FNKFX). 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.
| LLSCX | FNKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.22 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.36 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.31 | 8.49 | -8.80 |
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Drawdowns
LLSCX vs. FNKFX - Drawdown Comparison
The maximum LLSCX drawdown since its inception was -63.97%, which is greater than FNKFX's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for LLSCX and FNKFX.
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Drawdown Indicators
| LLSCX | FNKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.97% | -41.25% | -22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -8.67% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -21.86% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -21.86% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | — | — |
Current DrawdownCurrent decline from peak | -7.56% | -4.37% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -4.91% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 2.41% | +3.21% |
Volatility
LLSCX vs. FNKFX - Volatility Comparison
Longleaf Partners Small-Cap Fund (LLSCX) has a higher volatility of 5.13% compared to Fidelity Mid-Cap Stock K6 Fund (FNKFX) at 4.16%. This indicates that LLSCX's price experiences larger fluctuations and is considered to be riskier than FNKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLSCX | FNKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 4.16% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 13.23% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 16.77% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 18.86% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 21.87% | +2.71% |
LLSCX vs. FNKFX - Expense Ratio Comparison
LLSCX has a 0.95% expense ratio, which is higher than FNKFX's 0.52% expense ratio.
Dividends
LLSCX vs. FNKFX - Dividend Comparison
LLSCX's dividend yield for the trailing twelve months is around 1.21%, less than FNKFX's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNKFX Fidelity Mid-Cap Stock K6 Fund | 4.00% | 0.59% | 12.35% | 0.99% | 2.91% | 4.03% | 1.45% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
LLSCX and FNKFX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLSCX has higher volatility (5.13%) compared to FNKFX (4.16%). In terms of maximum drawdown, LLSCX dropped -63.97% vs FNKFX's -41.25%.
FNKFX currently has the higher Sharpe Ratio (1.22 vs -0.13), 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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