ASVIX vs. FCPVX
ASVIX (American Century Small Cap Value Fund) and FCPVX (Fidelity Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, ASVIX returned 10.70%/yr vs 12.00%/yr for FCPVX. With a 0.96 correlation, they move nearly in lockstep. ASVIX charges 1.09%/yr vs 0.99%/yr for FCPVX.
Performance
ASVIX vs. FCPVX - Performance Comparison
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Returns By Period
In the year-to-date period, ASVIX achieves a 17.08% return, which is significantly lower than FCPVX's 23.80% return. Over the past 10 years, ASVIX has underperformed FCPVX with an annualized return of 10.70%, while FCPVX has yielded a comparatively higher 12.00% annualized return.
ASVIX
- 1D
- -0.19%
- 1M
- 2.78%
- YTD
- 17.08%
- 6M
- 15.90%
- 1Y
- 22.79%
- 3Y*
- 11.30%
- 5Y*
- 4.83%
- 10Y*
- 10.70%
FCPVX
- 1D
- 0.24%
- 1M
- 5.41%
- YTD
- 23.80%
- 6M
- 21.45%
- 1Y
- 38.78%
- 3Y*
- 19.33%
- 5Y*
- 9.98%
- 10Y*
- 12.00%
ASVIX vs. FCPVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASVIX American Century Small Cap Value Fund | 17.08% | -3.39% | 7.12% | 16.09% | -14.48% | 37.20% | 8.94% | 33.51% | -16.99% | 10.31% |
FCPVX Fidelity Small Cap Value Fund | 23.80% | 8.13% | 9.41% | 17.77% | -13.07% | 38.08% | 11.18% | 20.86% | -15.47% | 12.26% |
Correlation
The correlation between ASVIX and FCPVX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004 | 0.96 |
The correlation between ASVIX and FCPVX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
ASVIX vs. FCPVX — Risk / Return Rank
ASVIX
FCPVX
ASVIX vs. FCPVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Small Cap Value Fund (ASVIX) and Fidelity Small Cap Value Fund (FCPVX). 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.
| ASVIX | FCPVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.99 | -2.02 |
| Martin ratioReturn relative to average drawdown | 5.35 | 13.97 | -8.62 |
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Drawdowns
ASVIX vs. FCPVX - Drawdown Comparison
The maximum ASVIX drawdown since its inception was -55.10%, roughly equal to the maximum FCPVX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for ASVIX and FCPVX.
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Drawdown Indicators
| ASVIX | FCPVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.10% | -57.65% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.31% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.25% | -23.81% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -23.81% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -44.59% | +1.09% |
Current DrawdownCurrent decline from peak | -0.67% | 0.00% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -7.95% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 2.94% | +1.55% |
Volatility
ASVIX vs. FCPVX - Volatility Comparison
The current volatility for American Century Small Cap Value Fund (ASVIX) is 4.28%, while Fidelity Small Cap Value Fund (FCPVX) has a volatility of 5.84%. This indicates that ASVIX experiences smaller price fluctuations and is considered to be less risky than FCPVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASVIX | FCPVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 5.84% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 13.38% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 18.22% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 20.98% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.31% | 22.40% | +0.91% |
ASVIX vs. FCPVX - Expense Ratio Comparison
ASVIX has a 1.09% expense ratio, which is higher than FCPVX's 0.99% expense ratio.
Dividends
ASVIX vs. FCPVX - Dividend Comparison
ASVIX's dividend yield for the trailing twelve months is around 11.94%, more than FCPVX's 8.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASVIX American Century Small Cap Value Fund | 11.94% | 14.08% | 6.96% | 1.00% | 3.86% | 7.32% | 0.35% | 2.41% | 20.02% | 14.39% | 5.29% | 14.05% |
FCPVX Fidelity Small Cap Value Fund | 8.20% | 10.15% | 6.13% | 5.20% | 5.92% | 7.95% | 0.46% | 3.49% | 36.44% | 3.64% | 7.12% | 11.09% |
Frequently Asked Questions
ASVIX and FCPVX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCPVX has higher volatility (5.84%) compared to ASVIX (4.28%). In terms of maximum drawdown, ASVIX dropped -55.10% vs FCPVX's -57.65%.
FCPVX currently has the higher Sharpe Ratio (2.26 vs 1.32), 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.
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