- ISIN
- US3163455039
- CUSIP
- 316345503
- Issuer
- Fidelity
- Inception Date
- Dec 10, 2002
- Category
- Large Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FVDFX Performance Chart
Fidelity Value Discovery Fund (FVDFX) is up 10.6% since the beginning of the year. FVDFX is currently trading at $43 per share. Investors who bought $1,000 worth of FVDFX shares 5 years ago would now be looking at an investment worth $1,550.
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Returns By Period
Fidelity Value Discovery Fund (FVDFX) has returned 10.57% so far this year and 25.12% over the past 12 months. Over the last ten years, FVDFX has returned 10.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Value Discovery Fund
- 1D
- 0.30%
- 1M
- 0.59%
- YTD
- 10.57%
- 6M
- 10.03%
- 1Y
- 25.12%
- 3Y*
- 13.82%
- 5Y*
- 9.16%
- 10Y*
- 10.53%
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%
FVDFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 11, 2002, FVDFX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 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% | -4.78% | 7.17% | 1.38% | 0.45% | 10.57% | ||||||
| 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 0.70%, beta of 0.97, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since December 11, 2002.
- With beta of 0.97 and R2 of 0.88, 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
- 0.70%
- Beta
- 0.97
- R²
- 0.88
- Upside Capture
- 97.81%
- Downside Capture
- 96.17%
Expense Ratio
FVDFX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FVDFX ranks 81 for risk / return — in the top 81% 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 Value Discovery Fund (FVDFX) 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.
| FVDFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.78 | +0.93 |
| Martin ratioReturn relative to average drawdown | 15.03 | 12.44 | +2.59 |
Dividends
Dividend History
Fidelity Value Discovery Fund provided a 8.00% 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 | 8.00% | 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 | $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 1.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.88%Mar 2009 | 1y 5mo | 4y 18d | 5y 5moOct 2007 - Mar 2013 |
COVID crash2020 | -37.74%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
Rate-hike selloffLate 2018 | -19.14%Dec 2018 | 10mo 29d | 10mo 15d | 1y 9moJan 2018 - Nov 2019 |
2016 correction2016 | -16.47%Feb 2016 | 8mo 25d | 6mo 29d | 1y 3moMay 2015 - Sep 2016 |
Bear market2022 | -16.17%Sep 2022 | 5mo 12d | 1y 3mo | 1y 8moApr 2022 - Jan 2024 |
Drawdown Indicators
| FVDFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.88% | -56.78% | -4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -9.10% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -18.90% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -25.43% | +9.26% |
Max Drawdown (10Y)Largest decline over 10 years | -37.74% | -33.92% | -3.82% |
Current DrawdownCurrent decline from peak | -1.02% | -1.80% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -10.71% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.03% | -0.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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