- ISIN
- US3161287012
- CUSIP
- 316128701
- Issuer
- Fidelity
- Inception Date
- Nov 15, 2001
- Category
- Mid Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FSMVX Performance Chart
Fidelity Mid Cap Value Fund (FSMVX) is up 22.6% since the beginning of the year. FSMVX is currently trading at $37 per share. Investors who bought $1,000 worth of FSMVX shares 5 years ago would now be looking at an investment worth $1,954.
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Returns By Period
Fidelity Mid Cap Value Fund (FSMVX) has returned 22.57% so far this year and 40.60% over the past 12 months. Over the last ten years, FSMVX has returned 11.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Mid Cap Value Fund
- 1D
- 1.39%
- 1M
- 5.37%
- YTD
- 22.57%
- 6M
- 21.02%
- 1Y
- 40.60%
- 3Y*
- 22.09%
- 5Y*
- 14.34%
- 10Y*
- 11.69%
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%
FSMVX Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2001, FSMVX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +17.0%, while the worst month was Mar 2020 at -21.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FSMVX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +11.4%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.75% | 4.89% | -6.69% | 11.68% | 1.93% | 4.02% | 22.57% | ||||||
| 2025 | 3.52% | -3.43% | -4.65% | -3.36% | 5.46% | 4.58% | 0.85% | 4.58% | 0.39% | -0.67% | 4.36% | 1.41% | 13.06% |
| 2024 | -1.61% | 6.04% | 6.49% | -6.37% | 4.55% | -3.34% | 7.43% | 1.10% | 2.24% | -1.95% | 8.30% | -7.60% | 14.53% |
| 2023 | 10.48% | -3.01% | -4.82% | 0.66% | -3.54% | 10.21% | 5.63% | -2.68% | -4.17% | -5.56% | 10.57% | 9.20% | 22.59% |
| 2022 | -3.10% | 0.31% | 1.30% | -5.89% | 2.51% | -10.89% | 9.76% | -3.62% | -10.04% | 9.87% | 7.30% | -5.89% | -10.64% |
| 2021 | 0.57% | 6.82% | 9.27% | 4.02% | 2.65% | -2.44% | 1.68% | 3.20% | -4.12% | 4.93% | -3.28% | 7.33% | 34.00% |
Benchmark Metrics
Fidelity Mid Cap Value Fund has an annualized alpha of 2.24%, beta of 1.04, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since November 15, 2001.
- This fund captured 114.28% of S&P 500 Index gains and 103.35% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.24% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.04 and R2 of 0.85, 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
- 2.24%
- Beta
- 1.04
- R²
- 0.85
- Upside Capture
- 114.28%
- Downside Capture
- 103.35%
Expense Ratio
FSMVX has an expense ratio of 0.57%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSMVX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) 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.
| FSMVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 2.78 | +1.23 |
| Martin ratioReturn relative to average drawdown | 15.41 | 12.44 | +2.97 |
Dividends
Dividend History
Fidelity Mid Cap Value Fund provided a 6.42% dividend yield over the last twelve months, with an annual payout of $2.39 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.39 | $2.59 | $3.14 | $0.34 | $3.16 | $0.39 | $0.46 | $0.43 | $2.82 | $2.37 | $0.33 | $1.15 |
Dividend yield | 6.42% | 8.28% | 10.41% | 1.17% | 13.12% | 1.30% | 1.99% | 1.87% | 14.79% | 8.92% | 1.34% | 5.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Mid Cap Value Fund. 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 | $0.90 | $0.00 | $0.00 | $0.00 | $0.90 | ||||||
| 2025 | $0.00 | $0.00 | $1.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $2.59 |
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.96 | $3.14 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.34 |
| 2022 | $0.00 | $0.00 | $1.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.72 | $3.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
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 Mid Cap Value Fund. 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 Mid Cap Value Fund was 62.96%, occurring on Mar 9, 2009. Recovery took 884 trading sessions.
The current Fidelity Mid Cap Value Fund drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -62.96%Mar 2009 | 1y 9mo | 3y 6mo | 5y 3moJun 2007 - Sep 2012 |
COVID crash2020 | -45.11%Mar 2020 | 2y 1mo | 9mo 19d | 2y 11moJan 2018 - Jan 2021 |
Dot-com crash2000–2002 | -30.91%Oct 2002 | 4mo 27d | 1y 5d | 1y 5moMay 2002 - Oct 2003 |
2025 selloff2025 | -23.70%Apr 2025 | 4mo 13d | 5mo 6d | 9mo 19dNov 2024 - Sep 2025 |
2016 bear market2016 | -21.81%Feb 2016 | 7mo 23d | 10mo | 1y 5moJun 2015 - Dec 2016 |
Drawdown Indicators
| FSMVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -56.78% | -6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -9.10% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -18.90% | -4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -25.43% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | -33.92% | -11.19% |
Current DrawdownCurrent decline from peak | -0.27% | -1.80% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -10.71% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.03% | +0.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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