BOSVX vs. FIKNX

Last updated Jul 15, 2026

BOSVX (Bridgeway Omni Small-Cap Value Fund) and FIKNX (Fidelity Advisor Small Cap Value Fund Class Z) are both Small Cap Value Equities funds. Over the past 5 years, BOSVX returned 12.11%/yr vs 10.67%/yr for FIKNX. Their correlation of 0.93 suggests significant overlap in exposure. BOSVX charges 0.60%/yr vs 0.87%/yr for FIKNX.

Performance

BOSVX vs. FIKNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Omni Small-Cap Value Fund (BOSVX) and Fidelity Advisor Small Cap Value Fund Class Z (FIKNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOSVX achieves a 23.86% return, which is significantly lower than FIKNX's 26.24% return.

BOSVX

• 1D: 0.09%
• 1M: 0.36%
• 6M: 17.65%
• YTD: 23.86%
• 1Y: 37.63%
• 3Y*: 18.28%
• 5Y*: 12.11%
• 10Y*: 11.36%

FIKNX

• 1D: -0.24%
• 1M: 2.93%
• 6M: 20.17%
• YTD: 26.24%
• 1Y: 34.12%
• 3Y*: 16.98%
• 5Y*: 10.67%
• 10Y*: —

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

BOSVX vs. FIKNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BOSVX Bridgeway Omni Small-Cap Value Fund	23.86%	9.78%	4.21%	18.18%	-4.27%	48.03%	0.83%	13.90%	-18.25%
FIKNX Fidelity Advisor Small Cap Value Fund Class Z	26.24%	8.18%	8.00%	17.97%	-12.98%	38.27%	11.35%	20.98%	-13.08%

Correlation

The correlation between BOSVX and FIKNX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.93

The correlation between BOSVX and FIKNX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

BOSVX vs. FIKNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOSVX

BOSVX Risk / Return Rank: 82
BOSVX Sharpe Ratio Rank: 77
BOSVX Sortino Ratio Rank: 76
BOSVX Omega Ratio Rank: 73
BOSVX Calmar Ratio Rank: 95
BOSVX Martin Ratio Rank: 90

FIKNX

FIKNX Risk / Return Rank: 78
FIKNX Sharpe Ratio Rank: 75
FIKNX Sortino Ratio Rank: 78
FIKNX Omega Ratio Rank: 67
FIKNX Calmar Ratio Rank: 87
FIKNX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOSVX vs. FIKNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Omni Small-Cap Value Fund (BOSVX) and Fidelity Advisor Small Cap Value Fund Class Z (FIKNX). 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.

	BOSVX	FIKNX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.93	+0.04
Sortino ratio: Return per unit of downside risk	2.80	2.89	-0.09
Omega ratio: Gain probability vs. loss probability	1.36	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	4.62	3.36	+1.26
Martin ratio: Return relative to average drawdown	13.50	11.77	+1.72

BOSVX vs. FIKNX - Sharpe Ratio Comparison

The current BOSVX Sharpe Ratio is 1.97, which is comparable to the FIKNX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BOSVX and FIKNX, 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

BOSVX vs. FIKNX - Drawdown Comparison

The maximum BOSVX drawdown since its inception was -57.14%, which is greater than FIKNX's maximum drawdown of -44.09%. Use the drawdown chart below to compare losses from any high point for BOSVX and FIKNX.

Drawdown Indicators

	BOSVX	FIKNX	Difference
Max Drawdown Largest peak-to-trough decline	-57.14%	-44.09%	-13.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.27%	-10.35%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-28.71%	-24.87%	-3.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.71%	-24.87%	-3.84%
Max Drawdown (10Y) Largest decline over 10 years	-57.14%	—	—
Current Drawdown Current decline from peak	-0.88%	-1.94%	+1.06%
Average Drawdown Average peak-to-trough decline	-8.52%	-7.57%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.95%	-0.13%

Volatility

BOSVX vs. FIKNX - Volatility Comparison

The current volatility for Bridgeway Omni Small-Cap Value Fund (BOSVX) is 4.04%, while Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) has a volatility of 5.04%. This indicates that BOSVX experiences smaller price fluctuations and is considered to be less risky than FIKNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOSVX	FIKNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	5.04%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	13.49%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	18.06%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	20.93%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	24.54%	+0.43%

BOSVX vs. FIKNX - Expense Ratio Comparison

BOSVX has a 0.60% expense ratio, which is lower than FIKNX's 0.87% expense ratio.

Dividends

BOSVX vs. FIKNX - Dividend Comparison

BOSVX's dividend yield for the trailing twelve months is around 8.06%, which matches FIKNX's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOSVX Bridgeway Omni Small-Cap Value Fund	8.06%	9.99%	9.71%	8.55%	21.96%	4.12%	1.21%	0.99%	10.36%	6.66%	0.89%	1.00%
FIKNX Fidelity Advisor Small Cap Value Fund Class Z	8.12%	10.24%	4.82%	5.32%	5.92%	8.07%	0.58%	3.65%	8.42%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BOSVX and FIKNX in my portfolio?

BOSVX and FIKNX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOSVX or FIKNX?

FIKNX has higher volatility (5.04%) compared to BOSVX (4.04%). In terms of maximum drawdown, BOSVX dropped -57.14% vs FIKNX's -44.09%.

Which has better risk-adjusted returns?

BOSVX currently has the higher Sharpe Ratio (1.97 vs 1.93), 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.