FCMVX vs. FSLSX
FCMVX (Fidelity Mid Cap Value K6 Fund) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds from Fidelity. Over the past 5 years, FCMVX returned 26.34%/yr vs 11.62%/yr for FSLSX. Their 0.96 correlation means they have historically moved very closely together. FCMVX charges 0.45%/yr vs 0.86%/yr for FSLSX.
Performance
FCMVX vs. FSLSX - Performance Comparison
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Returns By Period
In the year-to-date period, FCMVX achieves a 27.83% return, which is significantly lower than FSLSX's 30.49% return.
FCMVX
- 1D
- 1.13%
- 1M
- 2.49%
- 6M
- 18.72%
- YTD
- 27.83%
- 1Y
- 41.57%
- 3Y*
- 42.88%
- 5Y*
- 26.34%
- 10Y*
- —
- ALL TIME*
- 17.91%
FSLSX
- 1D
- 1.33%
- 1M
- 3.20%
- 6M
- 17.97%
- YTD
- 30.49%
- 1Y
- 33.31%
- 3Y*
- 14.83%
- 5Y*
- 11.62%
- 10Y*
- 12.03%
- ALL TIME*
- 10.91%
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 |
FCMVX vs. FSLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCMVX Fidelity Mid Cap Value K6 Fund | 27.83% | 12.62% | 87.16% | 23.07% | -10.26% | 34.12% | 0.52% | 23.65% | -18.69% | 12.67% |
FSLSX Fidelity Value Strategies Fund | 30.49% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 9.57% |
Correlation
The correlation between FCMVX and FSLSX is 0.97 - 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. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.96 |
The correlation between FCMVX and FSLSX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FCMVX vs. FSLSX — Risk / Return Rank
FCMVX
FSLSX
FCMVX vs. FSLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value K6 Fund (FCMVX) 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.
| FCMVX | FSLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 3.58 | +0.71 |
| Martin ratioReturn relative to average drawdown | 17.03 | 12.08 | +4.95 |
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Drawdowns
FCMVX vs. FSLSX - Drawdown Comparison
The maximum FCMVX drawdown since its inception was -44.63%, smaller than the maximum FSLSX drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for FCMVX and FSLSX.
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Drawdown Indicators
| FCMVX | FSLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.63% | -69.87% | +25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -9.79% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -38.56% | -26.81% | -11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -38.56% | -26.81% | -11.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -8.25% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.89% | -0.33% |
Volatility
FCMVX vs. FSLSX - Volatility Comparison
Fidelity Mid Cap Value K6 Fund (FCMVX) and Fidelity Value Strategies Fund (FSLSX) have volatilities of 3.47% and 3.47%, 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
| FCMVX | FSLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.47% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 11.74% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 18.68% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.59% | 20.41% | +40.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.39% | 21.88% | +25.51% |
FCMVX vs. FSLSX - Expense Ratio Comparison
FCMVX has a 0.45% expense ratio, which is lower than FSLSX's 0.86% expense ratio.
Dividends
FCMVX vs. FSLSX - Dividend Comparison
FCMVX's dividend yield for the trailing twelve months is around 3.87%, while FSLSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCMVX Fidelity Mid Cap Value K6 Fund | 3.87% | 6.68% | 76.67% | 1.29% | 1.68% | 1.39% | 2.19% | 1.68% | 2.99% | 0.77% | 0.00% | 0.00% |
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 0.97, FCMVX 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.
FSLSX has higher volatility (3.47%) compared to FCMVX (3.47%). In terms of maximum drawdown, FCMVX dropped -44.63% vs FSLSX's -69.87%.
FCMVX currently has the higher Sharpe Ratio (2.67 vs 1.88), 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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