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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Value Discovery Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity Value Discovery Fund (FVDFX) has returned -0.52% so far this year and 13.86% over the past 12 months. Over the last ten years, FVDFX has returned 9.36% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Fidelity Value Discovery Fund
- 1D
- 0.10%
- 1M
- -6.51%
- YTD
- -0.52%
- 6M
- 5.99%
- 1Y
- 13.86%
- 3Y*
- 10.85%
- 5Y*
- 7.56%
- 10Y*
- 9.36%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 11, 2002, FVDFX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, your investment would double in approximately 6.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +13.2%, while the worst month was Oct 2008 at -18.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FVDFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.82% | 2.49% | -6.51% | -0.52% | |||||||||
| 2025 | 2.46% | 0.78% | -1.07% | -2.38% | 3.11% | 2.26% | -0.16% | 3.82% | 0.69% | 1.25% | 3.35% | 1.81% | 16.92% |
| 2024 | -0.11% | 2.54% | 4.34% | -3.89% | 2.14% | -1.66% | 5.03% | 3.02% | 0.60% | -1.56% | 5.20% | -6.72% | 8.48% |
| 2023 | 2.90% | -4.31% | -0.92% | 2.68% | -3.98% | 4.17% | 3.52% | -2.69% | -2.15% | -2.30% | 5.02% | 3.93% | 5.32% |
| 2022 | -1.52% | -0.19% | 1.36% | -4.64% | 2.39% | -7.04% | 4.27% | -2.41% | -7.27% | 10.73% | 5.36% | -3.33% | -3.75% |
| 2021 | -0.31% | 3.65% | 7.34% | 4.54% | 2.84% | -1.98% | 0.93% | 1.98% | -4.27% | 4.81% | -3.80% | 7.53% | 24.85% |
Benchmark Metrics
Fidelity Value Discovery Fund has an annualized alpha of 0.94%, beta of 0.98, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since December 12, 2002.
- With beta of 0.98 and R² of 0.89, 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
- 0.94%
- Beta
- 0.98
- R²
- 0.89
- Upside Capture
- 99.18%
- Downside Capture
- 96.29%
Expense Ratio
FVDFX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FVDFX ranks 58 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Value Discovery Fund (FVDFX) and compare them to a chosen benchmark (S&P 500 Index).
| FVDFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.90 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.39 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.40 | -0.01 |
Martin ratioReturn relative to average drawdown | 6.13 | 6.61 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FVDFX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity Value Discovery Fund provided a 8.89% dividend yield over the last twelve months, with an annual payout of $3.42 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.42 | $3.42 | $1.93 | $1.83 | $1.65 | $1.82 | $0.42 | $0.90 | $0.87 | $0.55 | $0.30 | $0.79 |
Dividend yield | 8.89% | 8.84% | 5.34% | 5.23% | 4.71% | 4.76% | 1.31% | 2.96% | 3.44% | 1.91% | 1.16% | 3.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Value Discovery 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 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.22 | $0.00 | $0.00 | $1.20 | $3.42 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.46 | $0.00 | $0.00 | $0.47 | $1.93 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $0.00 | $0.00 | $0.54 | $1.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $0.00 | $0.00 | $0.18 | $1.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $1.14 | $1.82 |
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 Value Discovery 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 Value Discovery Fund was 60.88%, occurring on Mar 9, 2009. Recovery took 1019 trading sessions.
The current Fidelity Value Discovery Fund drawdown is 6.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.88% | Oct 10, 2007 | 355 | Mar 9, 2009 | 1019 | Mar 26, 2013 | 1374 |
| -37.74% | Jan 21, 2020 | 44 | Mar 23, 2020 | 162 | Nov 10, 2020 | 206 |
| -19.14% | Jan 29, 2018 | 229 | Dec 24, 2018 | 217 | Nov 4, 2019 | 446 |
| -16.47% | May 22, 2015 | 183 | Feb 11, 2016 | 144 | Sep 7, 2016 | 327 |
| -16.17% | Apr 21, 2022 | 113 | Sep 30, 2022 | 314 | Jan 2, 2024 | 427 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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