FASPX vs. FIVLX

Last updated Jun 4, 2026

FASPX (Fidelity Advisor Value Strategies Fund Class M) and FIVLX (Fidelity International Value Fund) are both mutual funds - FASPX is a Mid Cap Value Equities fund managed by Fidelity, while FIVLX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, FASPX returned 10.60%/yr vs 9.41%/yr for FIVLX. A 0.77 correlation means they provide meaningful diversification when combined. FASPX charges 1.37%/yr vs 1.01%/yr for FIVLX.

Performance

FASPX vs. FIVLX - Performance Comparison

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

Returns By Period

In the year-to-date period, FASPX achieves a 20.76% return, which is significantly higher than FIVLX's 7.08% return. Over the past 10 years, FASPX has outperformed FIVLX with an annualized return of 10.60%, while FIVLX has yielded a comparatively lower 9.41% annualized return.

FASPX

• 1D: 0.32%
• 1M: 3.43%
• YTD: 20.76%
• 6M: 22.32%
• 1Y: 39.62%
• 3Y*: 13.92%
• 5Y*: 7.82%
• 10Y*: 10.60%

FIVLX

• 1D: 0.33%
• 1M: 2.86%
• YTD: 7.08%
• 6M: 11.18%
• 1Y: 23.52%
• 3Y*: 21.69%
• 5Y*: 12.30%
• 10Y*: 9.41%

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

FASPX vs. FIVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASPX Fidelity Advisor Value Strategies Fund Class M	20.76%	7.76%	-2.60%	19.93%	-7.82%	32.65%	7.70%	33.85%	-17.27%	17.34%
FIVLX Fidelity International Value Fund	7.08%	43.67%	5.33%	19.27%	-7.99%	14.89%	3.36%	18.92%	-17.17%	17.85%

Correlation

The correlation between FASPX and FIVLX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 22, 2006	0.77

The correlation between FASPX and FIVLX shifts across timeframes, from 0.64 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FASPX vs. FIVLX — Risk / Return Rank

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

FASPX

FASPX Risk / Return Rank: 75
FASPX Sharpe Ratio Rank: 74
FASPX Sortino Ratio Rank: 71
FASPX Omega Ratio Rank: 57
FASPX Calmar Ratio Rank: 88
FASPX Martin Ratio Rank: 84

FIVLX

FIVLX Risk / Return Rank: 31
FIVLX Sharpe Ratio Rank: 30
FIVLX Sortino Ratio Rank: 28
FIVLX Omega Ratio Rank: 29
FIVLX Calmar Ratio Rank: 33
FIVLX Martin Ratio Rank: 36

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.

FASPX vs. FIVLX - Risk-Adjusted Trends Comparison

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

	FASPX	FIVLX	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.55	+0.94
Sortino ratio: Return per unit of downside risk	3.52	2.21	+1.32
Omega ratio: Gain probability vs. loss probability	1.42	1.28	+0.14
Calmar ratio: Return relative to maximum drawdown	4.30	2.17	+2.13
Martin ratio: Return relative to average drawdown	15.87	8.03	+7.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FASPX vs. FIVLX - Sharpe Ratio Comparison

The current FASPX Sharpe Ratio is 2.49, which is higher than the FIVLX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FASPX and FIVLX, 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

	FASPX	FIVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.55	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.75	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.53	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.22	+0.19

Drawdowns

FASPX vs. FIVLX - Drawdown Comparison

The maximum FASPX drawdown since its inception was -70.11%, which is greater than FIVLX's maximum drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for FASPX and FIVLX.

Drawdown Indicators

	FASPX	FIVLX	Difference
Max Drawdown Largest peak-to-trough decline	-70.11%	-65.21%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-10.44%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-34.53%	-14.48%	-20.05%
Max Drawdown (5Y) Largest decline over 5 years	-34.53%	-27.49%	-7.04%
Max Drawdown (10Y) Largest decline over 10 years	-48.02%	-43.43%	-4.59%
Current Drawdown Current decline from peak	0.00%	-1.37%	+1.37%
Average Drawdown Average peak-to-trough decline	-9.83%	-17.07%	+7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.82%	-0.16%

Volatility

FASPX vs. FIVLX - Volatility Comparison

The current volatility for Fidelity Advisor Value Strategies Fund Class M (FASPX) is 4.27%, while Fidelity International Value Fund (FIVLX) has a volatility of 4.73%. This indicates that FASPX experiences smaller price fluctuations and is considered to be less risky than FIVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASPX	FIVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.73%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	11.82%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	14.65%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	16.55%	+4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	17.92%	+4.09%

FASPX vs. FIVLX - Expense Ratio Comparison

FASPX has a 1.37% expense ratio, which is higher than FIVLX's 1.01% expense ratio.

Dividends

FASPX vs. FIVLX - Dividend Comparison

FASPX's dividend yield for the trailing twelve months is around 7.72%, more than FIVLX's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASPX Fidelity Advisor Value Strategies Fund Class M	7.72%	9.32%	0.00%	2.40%	1.93%	7.80%	0.55%	4.98%	15.67%	7.26%	21.61%	0.80%
FIVLX Fidelity International Value Fund	2.17%	2.32%	2.90%	2.06%	1.85%	4.35%	1.74%	3.54%	3.33%	0.15%	2.71%	1.44%

Frequently Asked Questions

Can I hold both FASPX and FIVLX in my portfolio?

FASPX and FIVLX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FASPX or FIVLX?

FIVLX has higher volatility (4.73%) compared to FASPX (4.27%). In terms of maximum drawdown, FASPX dropped -70.11% vs FIVLX's -65.21%.

Which has better risk-adjusted returns?

FASPX currently has the higher Sharpe Ratio (2.49 vs 1.55), 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.