FCPVX vs. FITLX

Last updated Aug 4, 2026

FCPVX (Fidelity Small Cap Value Fund) and FITLX (Fidelity U.S. Sustainability Index Fund) are both mutual funds - FCPVX is a Small Cap Value Equities fund actively managed by Fidelity, while FITLX is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders Index. FCPVX is actively managed, while FITLX is passively managed. Over the past 5 years, FCPVX returned 10.47%/yr vs 12.79%/yr for FITLX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FCPVX charges 0.91%/yr vs 0.11%/yr for FITLX.

Performance

FCPVX vs. FITLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Value Fund (FCPVX) and Fidelity U.S. Sustainability Index Fund (FITLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPVX achieves a 25.30% return, which is significantly higher than FITLX's 10.11% return.

FCPVX

• 1D: -0.28%
• 1M: -1.14%
• 6M: 18.04%
• YTD: 25.30%
• 1Y: 38.55%
• 3Y*: 15.83%
• 5Y*: 10.47%
• 10Y*: 11.69%
• ALL TIME*: 11.01%

FITLX

• 1D: 1.36%
• 1M: 0.30%
• 6M: 8.26%
• YTD: 10.11%
• 1Y: 22.11%
• 3Y*: 19.80%
• 5Y*: 12.79%
• 10Y*: —
• ALL TIME*: 15.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCPVX Fidelity Small Cap Value Fund	$0.00	$0.00	$0.00
FITLX Fidelity U.S. Sustainability Index Fund	$0.00	$0.00	$0.00

FCPVX vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCPVX Fidelity Small Cap Value Fund	25.30%	8.13%	9.41%	17.77%	-13.07%	38.08%	11.18%	20.86%	-15.47%	10.79%
FITLX Fidelity U.S. Sustainability Index Fund	10.11%	18.77%	23.59%	29.04%	-20.28%	31.55%	18.69%	31.54%	-3.32%	13.07%

Correlation

The correlation between FCPVX and FITLX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since May 9, 2017	0.74

The correlation between FCPVX and FITLX shifts across timeframes, from 0.64 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FCPVX vs. FITLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCPVX

FCPVX Risk / Return Rank: 85
FCPVX Sharpe Ratio Rank: 83
FCPVX Sortino Ratio Rank: 84
FCPVX Omega Ratio Rank: 77
FCPVX Calmar Ratio Rank: 90
FCPVX Martin Ratio Rank: 90

FITLX

FITLX Risk / Return Rank: 50
FITLX Sharpe Ratio Rank: 53
FITLX Sortino Ratio Rank: 52
FITLX Omega Ratio Rank: 50
FITLX Calmar Ratio Rank: 43
FITLX Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCPVX vs. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Value Fund (FCPVX) and Fidelity U.S. Sustainability Index Fund (FITLX). 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.

	FCPVX	FITLX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.49	+0.54
Sortino ratio: Return per unit of downside risk	3.03	2.12	+0.91
Omega ratio: Gain probability vs. loss probability	1.35	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	3.52	1.85	+1.67
Martin ratio: Return relative to average drawdown	12.59	7.67	+4.92

FCPVX vs. FITLX - Sharpe Ratio Comparison

The current FCPVX Sharpe Ratio is 2.04, which is higher than the FITLX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of FCPVX and FITLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCPVX vs. FITLX - Drawdown Comparison

The maximum FCPVX drawdown since its inception was -57.65%, which is greater than FITLX's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for FCPVX and FITLX.

Drawdown Indicators

	FCPVX	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-57.65%	-34.35%	-23.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-11.15%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-23.81%	-19.99%	-3.82%
Max Drawdown (5Y) Largest decline over 5 years	-23.81%	-26.91%	+3.10%
Max Drawdown (10Y) Largest decline over 10 years	-44.59%	—	—
Current Drawdown Current decline from peak	-2.64%	-0.77%	-1.87%
Average Drawdown Average peak-to-trough decline	-7.92%	-5.01%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.69%	+0.19%

Volatility

FCPVX vs. FITLX - Volatility Comparison

Fidelity Small Cap Value Fund (FCPVX) and Fidelity U.S. Sustainability Index Fund (FITLX) have volatilities of 4.20% and 4.09%, 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.

Volatility by Period

	FCPVX	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	4.09%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	11.08%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	13.89%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	17.73%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	19.05%	+3.28%

FCPVX vs. FITLX - Expense Ratio Comparison

FCPVX has a 0.91% expense ratio, which is higher than FITLX's 0.11% expense ratio.

Dividends

FCPVX vs. FITLX - Dividend Comparison

FCPVX's dividend yield for the trailing twelve months is around 8.10%, more than FITLX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPVX Fidelity Small Cap Value Fund	8.10%	10.15%	6.13%	5.20%	5.92%	7.95%	0.46%	3.49%	36.44%	3.64%	7.12%	11.09%
FITLX Fidelity U.S. Sustainability Index Fund	1.01%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCPVX and FITLX in my portfolio?

FCPVX and FITLX 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, FCPVX or FITLX?

FCPVX has higher volatility (4.20%) compared to FITLX (4.09%). In terms of maximum drawdown, FCPVX dropped -57.65% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

FCPVX currently has the higher Sharpe Ratio (2.04 vs 1.49), 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.