- ISIN
- US3163897826
- Issuer
- Fidelity
- Inception Date
- Nov 3, 2004
- Category
- Small Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FCVTX Performance Chart
Fidelity Advisor Small Cap Value Fund Class M (FCVTX) is up 23.2% since the beginning of the year. FCVTX is currently trading at $22 per share. Investors who bought $1,000 worth of FCVTX shares 5 years ago would now be looking at an investment worth $1,578.
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Returns By Period
Fidelity Advisor Small Cap Value Fund Class M (FCVTX) has returned 23.16% so far this year and 39.76% over the past 12 months. Over the last ten years, FCVTX has returned 10.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Advisor Small Cap Value Fund Class M
- 1D
- 1.91%
- 1M
- 5.07%
- YTD
- 23.16%
- 6M
- 20.41%
- 1Y
- 39.76%
- 3Y*
- 16.63%
- 5Y*
- 9.55%
- 10Y*
- 10.98%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FCVTX Monthly Returns History
Based on dividend-adjusted daily data since Nov 4, 2004, FCVTX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +19.8%, while the worst month was Mar 2020 at -22.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FCVTX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.4%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.84% | 3.73% | -6.42% | 13.57% | 1.33% | 5.17% | 23.16% | ||||||
| 2025 | 4.22% | -5.03% | -4.86% | -3.98% | 4.14% | 4.43% | 0.82% | 6.53% | 0.34% | -2.27% | 4.99% | -1.10% | 7.53% |
| 2024 | -2.79% | 3.94% | 5.09% | -7.06% | 3.05% | -2.47% | 11.91% | -0.54% | -0.67% | -2.15% | 9.26% | -8.38% | 7.42% |
| 2023 | 10.12% | -1.71% | -5.93% | -1.49% | -2.78% | 7.95% | 6.73% | -3.61% | -5.20% | -5.30% | 8.20% | 11.40% | 17.19% |
| 2022 | -3.60% | 2.30% | -0.50% | -7.38% | 2.38% | -10.75% | 9.25% | -4.78% | -9.49% | 10.23% | 5.40% | -4.84% | -13.53% |
| 2021 | 3.31% | 11.86% | 5.63% | 6.10% | 2.66% | -3.29% | -1.22% | 3.25% | -0.65% | 3.81% | -4.69% | 6.65% | 37.49% |
Benchmark Metrics
Fidelity Advisor Small Cap Value Fund Class M has an annualized alpha of 1.18%, beta of 1.09, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since November 04, 2004.
- This fund captured 112.06% of S&P 500 Index gains and 106.21% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.09 and R2 of 0.78, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.18%
- Beta
- 1.09
- R²
- 0.78
- Upside Capture
- 112.06%
- Downside Capture
- 106.21%
Expense Ratio
FCVTX has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FCVTX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class M (FCVTX) and compare them to S&P 500 Index.
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.
| FCVTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.78 | +1.06 |
| Martin ratioReturn relative to average drawdown | 13.39 | 12.44 | +0.95 |
Dividends
Dividend History
Fidelity Advisor Small Cap Value Fund Class M provided a 8.68% dividend yield over the last twelve months, with an annual payout of $1.94 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.94 | $1.94 | $0.92 | $0.98 | $1.05 | $1.62 | $0.04 | $0.46 | $4.75 | $0.64 | $1.26 | $1.80 |
Dividend yield | 8.68% | 10.69% | 4.91% | 5.34% | 6.37% | 8.00% | 0.23% | 3.20% | 38.15% | 3.30% | 6.98% | 11.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Small Cap Value Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.37 | $0.00 | $0.00 | $0.58 | $1.94 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $0.00 | $0.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.23 | $0.98 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $0.02 | $1.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $0.71 | $1.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Small Cap Value Fund Class M. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Small Cap Value Fund Class M was 58.26%, occurring on Mar 9, 2009. Recovery took 284 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.26%Mar 2009 | 1y 7mo | 1y 1mo | 2y 9moJul 2007 - Apr 2010 |
COVID crash2020 | -44.83%Mar 2020 | 1y 6mo | 8mo 5d | 2y 2moAug 2018 - Nov 2020 |
2011 bear market2011 | -28.03%Oct 2011 | 5mo 29d | 5mo 12d | 11mo 11dApr 2011 - Mar 2012 |
2025 selloff2025 | -24.91%Apr 2025 | 4mo 13d | 7mo 29d | 1y 7dNov 2024 - Dec 2025 |
Bear market2022 | -23.85%Sep 2022 | 10mo 26d | 1y 5mo | 2y 3moNov 2021 - Mar 2024 |
Drawdown Indicators
| FCVTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.26% | -56.78% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -9.10% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.91% | -18.90% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.91% | -25.43% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | -33.92% | -10.91% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -10.71% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.03% | +0.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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