FVLZX Alternatives & Similar Mutual Funds

Fidelity Advisor Value Fund Class Z (FVLZX) belongs to the Mid Cap Value Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FVLZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FVLZX

FVLZX charges 0.75% annually. There are 29 mutual funds in the Mid Cap Value Equities category with lower expense ratios, going as low as 0.05%.

Symbol	Name	Expense Ratio	AUM	Inception
FIMVX	Fidelity Mid Cap Value Index Fund	0.05%	—	Jul 2019	FVLZX vs FIMVX
VMVAX	Vanguard Mid-Cap Value Index Fund Admiral Shares	0.07%	36.70B	Sep 2011	FVLZX vs VMVAX
VMFVX	Vanguard S&P Mid-Cap 400 Value Index Fund Institut...	0.08%	—	Nov 2010	FVLZX vs VMFVX
MYISX	Victory Integrity Small/Mid-Cap Value Fund	0.09%	—	Jul 2011	FVLZX vs MYISX
VMVIX	Vanguard Mid-Cap Value Index Fund	0.19%	—	Aug 2006	FVLZX vs VMVIX

Best Risk-Adjusted Alternatives to FVLZX

FVLZX has a PortfoliosLab risk / return rank of 63. There are 25 mutual funds in the Mid Cap Value Equities category with higher risk-adjusted ranks, going as high as 87.

Symbol	Name	Risk / Return Rank	AUM	Inception
SMVTX	Virtus Ceredex Mid-Cap Value Equity Fund	87	—	Nov 2001	FVLZX vs SMVTX
HAMVX	Harbor Mid Cap Value Fund	84	—	Mar 2002	FVLZX vs HAMVX
ARFFX	Ariel Focus Fund	82	—	Jun 2005	FVLZX vs ARFFX
VVOIX	Invesco Value Opportunities Fund Class Y	81	—	Mar 2005	FVLZX vs VVOIX
UMCVX	Invesco V.I. American Value Fund	80	—	Jan 1997	FVLZX vs UMCVX

Top Performing FVLZX Alternatives (YTD)

FVLZX is at 16.42% YTD. There are 22 mutual funds in the Mid Cap Value Equities category with higher YTD returns, going as high as 20.64%.

Symbol	Name	YTD Return	AUM	Inception
FSLSX	Fidelity Value Strategies Fund	20.64%	—	Dec 1983	FVLZX vs FSLSX
FASOX	Fidelity Advisor Value Strategies Fund Class I	20.62%	—	Jul 1995	FVLZX vs FASOX
FSOAX	Fidelity Advisor Value Strategies Fund Class A	20.50%	—	Sep 1996	FVLZX vs FSOAX
FASPX	Fidelity Advisor Value Strategies Fund Class M	20.37%	—	Aug 1986	FVLZX vs FASPX
FVCSX	Fidelity Advisor Value Strategies Fund Class C	20.11%	—	Aug 2001	FVLZX vs FVCSX

Lowest Volatility Alternatives to FVLZX

FVLZX has 16.09% 1-year volatility. There are 83 mutual funds in the Mid Cap Value Equities category with lower 1-year volatility, going as low as 11.41%.

Symbol	Name	Volatility 1Y	AUM	Inception
VMVIX	Vanguard Mid-Cap Value Index Fund	11.41%	—	Aug 2006	FVLZX vs VMVIX
VMVAX	Vanguard Mid-Cap Value Index Fund Admiral Shares	11.41%	36.70B	Sep 2011	FVLZX vs VMVAX
NMAVX	Nuance Mid Cap Value Fund	11.54%	—	Dec 2013	FVLZX vs NMAVX
PVMIX	Principal MidCap Value Fund I	11.73%	—	Dec 2003	FVLZX vs PVMIX
ACMVX	American Century Mid Cap Value Fund	11.87%	5.65B	Mar 2004	FVLZX vs ACMVX

Lowest Drawdown Alternatives to FVLZX

FVLZX has a 1-year max drawdown of -9.92%. There are 82 mutual funds in the Mid Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -6.31%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NCBVX	PGIM Quant Solutions Mid-Cap Value Fund	-6.31%	—	Aug 1998	FVLZX vs NCBVX
GTTMX	Glenmede Quantitative U.S. Total Market Equity Por...	-6.51%	—	Dec 2006	FVLZX vs GTTMX
FIUSX	Delaware Opportunity Fund	-6.75%	—	Aug 1992	FVLZX vs FIUSX
HAMVX	Harbor Mid Cap Value Fund	-6.84%	—	Mar 2002	FVLZX vs HAMVX
VMVAX	Vanguard Mid-Cap Value Index Fund Admiral Shares	-6.95%	36.70B	Sep 2011	FVLZX vs VMVAX

Other Mutual Funds from Fidelity

The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FXAIX	Fidelity 500 Index Fund	S&P 500	75	11.56%	—	Feb 1988	FVLZX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	74.49%	—	Jul 1985	FVLZX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	11.76%	—	—	FVLZX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	33	9.01%	—	—	FVLZX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	11.81%	—	—	FVLZX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	17.66%	—	Dec 1987	FVLZX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	39	8.01%	176.32B	May 1967	FVLZX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.27%	—	—	FVLZX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.06%	—	Nov 1997	FVLZX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	59	14.72%	—	Jun 2016	FVLZX vs FTIHX

Often Compared With FVLZX

Investors most often compare FVLZX with RSVAX, FRNKX, NQVRX. These 4 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RSVAX	Victory RS Value Fund	Mid Cap Value Equities	14	5.63%	—	Jun 1993	FVLZX vs RSVAX
FRNKX	Frank Value Fund	Mid Cap Value Equities	23	10.39%	—	Jul 2004	FVLZX vs FRNKX
NQVRX	Nuveen Multi Cap Value Fund	Mid Cap Value Equities	78	12.89%	—	Nov 1997	FVLZX vs NQVRX
VVOAX	Invesco Value Opportunities Fund	Mid Cap Value Equities	80	18.92%	—	Jun 2001	FVLZX vs VVOAX

Compare FVLZX with Any Fund or Stock

Compare FVLZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FVLZX with funds that move differently

Fidelity Advisor Value Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FVLZX.

Explore FVLZX Diversifiers

Fidelity Advisor Value Fund Class Z (FVLZX) Alternatives