DALCX vs. FASPX

Last updated Jun 3, 2026

DALCX (Dean Mid Cap Value Fund) and FASPX (Fidelity Advisor Value Strategies Fund Class M) are both Mid Cap Value Equities funds. Over the past 10 years, DALCX returned 10.52%/yr vs 10.56%/yr for FASPX. Their correlation of 0.93 suggests significant overlap in exposure. DALCX charges 0.85%/yr vs 1.37%/yr for FASPX.

Performance

DALCX vs. FASPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dean Mid Cap Value Fund (DALCX) and Fidelity Advisor Value Strategies Fund Class M (FASPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DALCX achieves a 11.15% return, which is significantly lower than FASPX's 20.37% return. Both investments have delivered pretty close results over the past 10 years, with DALCX having a 10.52% annualized return and FASPX not far ahead at 10.56%.

DALCX

• 1D: -0.64%
• 1M: -0.57%
• YTD: 11.15%
• 6M: 12.36%
• 1Y: 19.18%
• 3Y*: 15.90%
• 5Y*: 10.02%
• 10Y*: 10.52%

FASPX

• 1D: 0.16%
• 1M: 2.04%
• YTD: 20.37%
• 6M: 23.46%
• 1Y: 41.63%
• 3Y*: 13.80%
• 5Y*: 7.75%
• 10Y*: 10.56%

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

DALCX vs. FASPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DALCX Dean Mid Cap Value Fund	11.15%	9.49%	16.50%	12.82%	-4.68%	28.25%	-2.05%	26.96%	-11.07%	15.11%
FASPX Fidelity Advisor Value Strategies Fund Class M	20.37%	7.76%	-2.60%	19.93%	-7.82%	32.65%	7.70%	33.85%	-17.27%	17.34%

Correlation

The correlation between DALCX and FASPX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.93

The correlation between DALCX and FASPX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

DALCX vs. FASPX — Risk / Return Rank

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

DALCX

DALCX Risk / Return Rank: 27
DALCX Sharpe Ratio Rank: 26
DALCX Sortino Ratio Rank: 27
DALCX Omega Ratio Rank: 24
DALCX Calmar Ratio Rank: 28
DALCX Martin Ratio Rank: 30

FASPX

FASPX Risk / Return Rank: 71
FASPX Sharpe Ratio Rank: 67
FASPX Sortino Ratio Rank: 67
FASPX Omega Ratio Rank: 54
FASPX Calmar Ratio Rank: 86
FASPX Martin Ratio Rank: 80

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.

DALCX vs. FASPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dean Mid Cap Value Fund (DALCX) and Fidelity Advisor Value Strategies Fund Class M (FASPX). 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.

	DALCX	FASPX	Difference
Sharpe ratio Return per unit of total volatility	1.48	2.41	-0.93
Sortino ratio Return per unit of downside risk	2.21	3.42	-1.22
Omega ratio Gain probability vs. loss probability	1.26	1.41	-0.14
Calmar ratio Return relative to maximum drawdown	2.01	4.08	-2.07
Martin ratio Return relative to average drawdown	7.08	15.11	-8.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DALCX vs. FASPX - Sharpe Ratio Comparison

The current DALCX Sharpe Ratio is 1.48, which is lower than the FASPX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of DALCX and FASPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DALCX	FASPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.41	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.38	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.48	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.41	+0.18

Drawdowns

DALCX vs. FASPX - Drawdown Comparison

The maximum DALCX drawdown since its inception was -41.99%, smaller than the maximum FASPX drawdown of -70.11%. Use the drawdown chart below to compare losses from any high point for DALCX and FASPX.

Drawdown Indicators

	DALCX	FASPX	Difference
Max Drawdown Largest peak-to-trough decline	-41.99%	-70.11%	+28.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-9.84%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-34.53%	+18.89%
Max Drawdown (5Y) Largest decline over 5 years	-15.64%	-34.53%	+18.89%
Max Drawdown (10Y) Largest decline over 10 years	-41.99%	-48.02%	+6.03%
Current Drawdown Current decline from peak	-2.10%	0.00%	-2.10%
Average Drawdown Average peak-to-trough decline	-4.18%	-9.83%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.66%	-0.03%

Volatility

DALCX vs. FASPX - Volatility Comparison

The current volatility for Dean Mid Cap Value Fund (DALCX) is 3.40%, while Fidelity Advisor Value Strategies Fund Class M (FASPX) has a volatility of 4.27%. This indicates that DALCX experiences smaller price fluctuations and is considered to be less risky than FASPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DALCX	FASPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	4.27%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	11.93%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	17.03%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	20.68%	-5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	22.01%	-4.21%

DALCX vs. FASPX - Expense Ratio Comparison

DALCX has a 0.85% expense ratio, which is lower than FASPX's 1.37% expense ratio.

Dividends

DALCX vs. FASPX - Dividend Comparison

DALCX's dividend yield for the trailing twelve months is around 5.55%, less than FASPX's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DALCX Dean Mid Cap Value Fund	5.55%	6.17%	7.23%	5.42%	5.38%	5.42%	0.88%	8.28%	3.50%	2.61%	0.43%	0.14%
FASPX Fidelity Advisor Value Strategies Fund Class M	7.75%	9.32%	0.00%	2.40%	1.93%	7.80%	0.55%	4.98%	15.67%	7.26%	21.61%	0.80%

Frequently Asked Questions

Can I hold both DALCX and FASPX in my portfolio?

DALCX and FASPX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DALCX or FASPX?

FASPX has higher volatility (4.27%) compared to DALCX (3.40%). In terms of maximum drawdown, DALCX dropped -41.99% vs FASPX's -70.11%.

Which has better risk-adjusted returns?

FASPX currently has the higher Sharpe Ratio (2.41 vs 1.48), 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.