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Fidelity Mid Cap Value Fund (FSMVX) Sharpe Ratio: 2.48

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks long-term growth of capital. The fund normally invests at least 80% of its assets in securities of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap Index or the S&P MidCap 400 Index). It invests in companies with smaller or larger market capitalizations. The fund invests in domestic and foreign issuers.

FSMVX's Sharpe Ratio of 2.48 indicates that for each unit of volatility, it generates 2.48 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FSMVX Sharpe Ratio Rank

FSMVX Sharpe Ratio Rank: 82.482
Exceptional

FSMVX ranks above 82.4% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

FSMVX Sharpe Ratio Market Positioning

The chart shows FSMVX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.28+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Mid Cap Value Fund's Sharpe Ratio with other mutual funds in the Mid Cap Value Equities category across multiple time periods, showing how FSMVX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SMVTXVirtus Ceredex Mid-Cap Value Equity Fund2.97
NAMAXColumbia Select Mid Cap Value Fund2.74
HAMVXHarbor Mid Cap Value Fund2.67
UMCVXInvesco V.I. American Value Fund2.60
VVOIXInvesco Value Opportunities Fund Class Y2.60
VVOAXInvesco Value Opportunities Fund2.58
FIUSXDelaware Opportunity Fund2.57
TGVOXTCW Relative Value Mid Cap Fund2.54
FMUEXRBB Free Market U.S. Equity Fund2.52
FCMVXFidelity Mid Cap Value K6 Fund2.52
FSMVXFidelity Mid Cap Value Fund2.48

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FSMVX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FSMVX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FSMVX fit in your portfolio?

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