FASOX vs. FSLSX
FASOX (Fidelity Advisor Value Strategies Fund Class I) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds from Fidelity. Over the past 10 years, FASOX returned 11.73%/yr vs 12.12%/yr for FSLSX. Their 0.98 correlation means they have historically moved very closely together. FASOX charges 0.88%/yr vs 0.86%/yr for FSLSX.
Performance
FASOX vs. FSLSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FASOX having a 29.02% return and FSLSX slightly higher at 29.05%. Both investments have delivered pretty close results over the past 10 years, with FASOX having a 11.73% annualized return and FSLSX not far ahead at 12.12%.
FASOX
- 1D
- -0.08%
- 1M
- 2.05%
- 6M
- 19.18%
- YTD
- 29.02%
- 1Y
- 44.00%
- 3Y*
- 12.86%
- 5Y*
- 10.57%
- 10Y*
- 11.73%
- ALL TIME*
- 9.48%
FSLSX
- 1D
- -0.08%
- 1M
- 2.06%
- 6M
- 19.20%
- YTD
- 29.05%
- 1Y
- 33.28%
- 3Y*
- 14.06%
- 5Y*
- 11.28%
- 10Y*
- 12.12%
- ALL TIME*
- 10.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FASOX vs. FSLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FASOX Fidelity Advisor Value Strategies Fund Class I | 29.02% | 8.28% | -2.00% | 20.51% | -7.38% | 33.31% | 8.21% | 34.49% | -16.90% | 17.40% |
FSLSX Fidelity Value Strategies Fund | 29.05% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 17.49% |
Correlation
The correlation between FASOX and FSLSX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.99 |
The correlation between FASOX and FSLSX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
FASOX vs. FSLSX — Risk / Return Rank
FASOX
FSLSX
FASOX vs. FSLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Strategies Fund Class I (FASOX) and Fidelity Value Strategies Fund (FSLSX). 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.
| FASOX | FSLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 3.06 | +1.06 |
| Martin ratioReturn relative to average drawdown | 15.86 | 10.30 | +5.56 |
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Drawdowns
FASOX vs. FSLSX - Drawdown Comparison
The maximum FASOX drawdown since its inception was -69.86%, roughly equal to the maximum FSLSX drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for FASOX and FSLSX.
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Drawdown Indicators
| FASOX | FSLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.86% | -69.87% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -9.79% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -34.34% | -26.81% | -7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -34.34% | -26.81% | -7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -47.97% | -47.98% | +0.01% |
Current DrawdownCurrent decline from peak | -0.92% | -0.91% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -8.25% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.94% | -0.39% |
Volatility
FASOX vs. FSLSX - Volatility Comparison
Fidelity Advisor Value Strategies Fund Class I (FASOX) and Fidelity Value Strategies Fund (FSLSX) have volatilities of 3.26% and 3.24%, 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.
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Volatility by Period
| FASOX | FSLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.24% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 11.73% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 18.79% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 20.41% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.95% | 21.87% | +0.08% |
FASOX vs. FSLSX - Expense Ratio Comparison
FASOX has a 0.88% expense ratio, which is higher than FSLSX's 0.86% expense ratio.
Dividends
FASOX vs. FSLSX - Dividend Comparison
FASOX's dividend yield for the trailing twelve months is around 7.00%, while FSLSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASOX Fidelity Advisor Value Strategies Fund Class I | 7.00% | 9.03% | 0.00% | 2.74% | 2.34% | 7.97% | 0.91% | 5.21% | 15.65% | 7.00% | 20.89% | 1.24% |
FSLSX Fidelity Value Strategies Fund | 0.00% | 0.00% | 10.41% | 2.49% | 2.13% | 7.29% | 0.84% | 4.84% | 14.59% | 6.57% | 19.71% | 1.26% |
Frequently Asked Questions
With a correlation of 1.00, FASOX and FSLSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FASOX has higher volatility (3.26%) compared to FSLSX (3.24%). In terms of maximum drawdown, FASOX dropped -69.86% vs FSLSX's -69.87%.
FASOX currently has the higher Sharpe Ratio (2.38 vs 1.60), 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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