CISMX vs. FSOAX
CISMX (Clarkston Partners Fund) and FSOAX (Fidelity Advisor Value Strategies Fund Class A) are both Mid Cap Value Equities funds. Over the past 10 years, CISMX returned 6.18%/yr vs 9.92%/yr for FSOAX. Their correlation of 0.86 suggests significant overlap in exposure. CISMX charges 1.00%/yr vs 1.13%/yr for FSOAX.
Performance
CISMX vs. FSOAX - Performance Comparison
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Returns By Period
Over the past 10 years, CISMX has underperformed FSOAX with an annualized return of 6.18%, while FSOAX has yielded a comparatively higher 9.92% annualized return.
CISMX
- 1D
- 1.04%
- 1M
- 3.62%
- YTD
- 0.00%
- 6M
- -1.10%
- 1Y
- 1.97%
- 3Y*
- -0.91%
- 5Y*
- -0.39%
- 10Y*
- 6.18%
FSOAX
- 1D
- 1.23%
- 1M
- 4.98%
- YTD
- 23.90%
- 6M
- 11.67%
- 1Y
- 28.01%
- 3Y*
- 9.88%
- 5Y*
- 7.48%
- 10Y*
- 9.92%
CISMX vs. FSOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CISMX Clarkston Partners Fund | 0.00% | -8.37% | 4.49% | 6.41% | -0.40% | 7.94% | 17.42% | 23.98% | -7.25% | 12.84% |
FSOAX Fidelity Advisor Value Strategies Fund Class A | 23.90% | -2.17% | -3.64% | 20.24% | -7.61% | 32.95% | 7.95% | 34.16% | -17.02% | 17.21% |
Correlation
The correlation between CISMX and FSOAX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2015 | 0.86 |
The correlation between CISMX and FSOAX shifts across timeframes, from 0.72 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CISMX vs. FSOAX — Risk / Return Rank
CISMX
FSOAX
CISMX vs. FSOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clarkston Partners Fund (CISMX) and Fidelity Advisor Value Strategies Fund Class A (FSOAX). 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.
| CISMX | FSOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.50 | -2.30 |
| Martin ratioReturn relative to average drawdown | 0.45 | 8.71 | -8.27 |
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Drawdowns
CISMX vs. FSOAX - Drawdown Comparison
The maximum CISMX drawdown since its inception was -33.80%, smaller than the maximum FSOAX drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for CISMX and FSOAX.
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Drawdown Indicators
| CISMX | FSOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -70.02% | +36.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.54% | -11.56% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.19% | -35.33% | +14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.19% | -35.33% | +14.14% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -47.99% | +14.19% |
Current DrawdownCurrent decline from peak | -14.41% | -1.57% | -12.84% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -9.98% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 3.31% | +1.48% |
Volatility
CISMX vs. FSOAX - Volatility Comparison
The current volatility for Clarkston Partners Fund (CISMX) is 4.69%, while Fidelity Advisor Value Strategies Fund Class A (FSOAX) has a volatility of 5.17%. This indicates that CISMX experiences smaller price fluctuations and is considered to be less risky than FSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CISMX | FSOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.17% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 16.10% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 19.95% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 21.30% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 22.32% | -4.01% |
CISMX vs. FSOAX - Expense Ratio Comparison
CISMX has a 1.00% expense ratio, which is lower than FSOAX's 1.13% expense ratio.
Dividends
CISMX vs. FSOAX - Dividend Comparison
CISMX's dividend yield for the trailing twelve months is around 4.65%, while FSOAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CISMX Clarkston Partners Fund | 4.65% | 4.65% | 1.05% | 3.76% | 16.95% | 0.81% | 3.73% | 3.79% | 7.15% | 1.30% | 1.17% | 0.09% |
FSOAX Fidelity Advisor Value Strategies Fund Class A | 0.00% | 0.00% | 0.00% | 2.90% | 2.43% | 8.70% | 0.82% | 5.59% | 17.03% | 7.64% | 22.64% | 1.10% |
Frequently Asked Questions
CISMX and FSOAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSOAX has higher volatility (5.17%) compared to CISMX (4.69%). In terms of maximum drawdown, CISMX dropped -33.80% vs FSOAX's -70.02%.
FSOAX currently has the higher Sharpe Ratio (1.45 vs 0.12), 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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