ACLAX vs. FCVFX

Last updated Aug 1, 2026

ACLAX (American Century Mid Cap Value Fund A Class) and FCVFX (Fidelity Advisor Value Fund Class C) are both Mid Cap Value Equities funds. Over the past 10 years, ACLAX returned 9.10%/yr vs 12.97%/yr for FCVFX. Their correlation of 0.93 means they have usually moved in the same direction. ACLAX charges 1.22%/yr vs 1.90%/yr for FCVFX.

Performance

ACLAX vs. FCVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Value Fund A Class (ACLAX) and Fidelity Advisor Value Fund Class C (FCVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACLAX achieves a 15.36% return, which is significantly lower than FCVFX's 24.34% return. Over the past 10 years, ACLAX has underperformed FCVFX with an annualized return of 9.10%, while FCVFX has yielded a comparatively higher 12.97% annualized return.

ACLAX

• 1D: -0.76%
• 1M: 2.24%
• 6M: 10.70%
• YTD: 15.36%
• 1Y: 20.95%
• 3Y*: 11.01%
• 5Y*: 8.35%
• 10Y*: 9.10%
• ALL TIME*: 9.06%

FCVFX

• 1D: -0.10%
• 1M: 1.98%
• 6M: 17.50%
• YTD: 24.34%
• 1Y: 38.51%
• 3Y*: 21.37%
• 5Y*: 14.18%
• 10Y*: 12.97%
• ALL TIME*: 9.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACLAX American Century Mid Cap Value Fund A Class	$0.00	$0.00	$0.00
FCVFX Fidelity Advisor Value Fund Class C	$0.00	$0.00	$0.00

ACLAX vs. FCVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACLAX American Century Mid Cap Value Fund A Class	15.36%	8.52%	8.18%	5.93%	-1.53%	23.01%	1.44%	28.55%	-12.93%	11.31%
FCVFX Fidelity Advisor Value Fund Class C	24.34%	10.14%	24.29%	18.53%	-10.07%	33.72%	8.57%	30.36%	-18.65%	14.05%

Correlation

The correlation between ACLAX and FCVFX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Jan 13, 2005	0.93

The correlation between ACLAX and FCVFX shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ACLAX vs. FCVFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACLAX

ACLAX Risk / Return Rank: 68
ACLAX Sharpe Ratio Rank: 71
ACLAX Sortino Ratio Rank: 74
ACLAX Omega Ratio Rank: 67
ACLAX Calmar Ratio Rank: 71
ACLAX Martin Ratio Rank: 57

FCVFX

FCVFX Risk / Return Rank: 87
FCVFX Sharpe Ratio Rank: 87
FCVFX Sortino Ratio Rank: 86
FCVFX Omega Ratio Rank: 81
FCVFX Calmar Ratio Rank: 91
FCVFX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACLAX vs. FCVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Value Fund A Class (ACLAX) and Fidelity Advisor Value Fund Class C (FCVFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ACLAX	FCVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.16	-0.50
Sortino ratio: Return per unit of downside risk	2.51	3.11	-0.59
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.09
Calmar ratio: Return relative to maximum drawdown	2.29	3.48	-1.19
Martin ratio: Return relative to average drawdown	7.44	13.29	-5.85

ACLAX vs. FCVFX - Sharpe Ratio Comparison

The current ACLAX Sharpe Ratio is 1.65, which is comparable to the FCVFX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of ACLAX and FCVFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACLAX vs. FCVFX - Drawdown Comparison

The maximum ACLAX drawdown since its inception was -51.37%, smaller than the maximum FCVFX drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for ACLAX and FCVFX.

Drawdown Indicators

	ACLAX	FCVFX	Difference
Max Drawdown Largest peak-to-trough decline	-51.37%	-65.18%	+13.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-9.99%	+1.49%
Max Drawdown (3Y) Largest decline over 3 years	-14.67%	-21.74%	+7.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.55%	-23.11%	+5.56%
Max Drawdown (10Y) Largest decline over 10 years	-39.24%	-48.67%	+9.43%
Current Drawdown Current decline from peak	-1.17%	-0.95%	-0.22%
Average Drawdown Average peak-to-trough decline	-6.22%	-9.00%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.62%	-0.01%

Volatility

ACLAX vs. FCVFX - Volatility Comparison

American Century Mid Cap Value Fund A Class (ACLAX) and Fidelity Advisor Value Fund Class C (FCVFX) have volatilities of 3.40% and 3.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACLAX	FCVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.29%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	11.62%	-3.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	16.19%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	21.23%	-6.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	22.50%	-5.09%

ACLAX vs. FCVFX - Expense Ratio Comparison

ACLAX has a 1.22% expense ratio, which is lower than FCVFX's 1.90% expense ratio.

Dividends

ACLAX vs. FCVFX - Dividend Comparison

ACLAX's dividend yield for the trailing twelve months is around 12.51%, more than FCVFX's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACLAX American Century Mid Cap Value Fund A Class	12.51%	14.24%	8.53%	5.01%	14.77%	15.72%	1.62%	1.23%	14.17%	9.25%	3.82%	10.86%
FCVFX Fidelity Advisor Value Fund Class C	6.61%	8.22%	25.20%	0.12%	0.00%	4.16%	0.00%	2.46%	14.34%	2.34%	0.00%	1.94%

Frequently Asked Questions

Can I hold both ACLAX and FCVFX in my portfolio?

ACLAX and FCVFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACLAX or FCVFX?

ACLAX has higher volatility (3.40%) compared to FCVFX (3.29%). In terms of maximum drawdown, ACLAX dropped -51.37% vs FCVFX's -65.18%.

Which has better risk-adjusted returns?

FCVFX currently has the higher Sharpe Ratio (2.16 vs 1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.