FCVAX vs. HWSAX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class A (FCVAX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
FCVAX is managed by Fidelity. It was launched on Nov 3, 2004. HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000.
Performance
FCVAX vs. HWSAX - Performance Comparison
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FCVAX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 1.88% | 7.75% | 7.72% | 17.47% | -13.29% | 37.77% | 10.82% | 20.47% | -15.50% | 11.99% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 9.00% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
Returns By Period
In the year-to-date period, FCVAX achieves a 1.88% return, which is significantly lower than HWSAX's 9.00% return. Over the past 10 years, FCVAX has underperformed HWSAX with an annualized return of 9.33%, while HWSAX has yielded a comparatively higher 9.96% annualized return.
FCVAX
- 1D
- 2.84%
- 1M
- -6.72%
- YTD
- 1.88%
- 6M
- 3.38%
- 1Y
- 16.28%
- 3Y*
- 10.89%
- 5Y*
- 6.05%
- 10Y*
- 9.33%
HWSAX
- 1D
- 1.75%
- 1M
- 0.95%
- YTD
- 9.00%
- 6M
- 7.38%
- 1Y
- 18.60%
- 3Y*
- 10.15%
- 5Y*
- 9.03%
- 10Y*
- 9.96%
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FCVAX vs. HWSAX - Expense Ratio Comparison
FCVAX has a 1.26% expense ratio, which is higher than HWSAX's 1.21% expense ratio.
Return for Risk
FCVAX vs. HWSAX — Risk / Return Rank
FCVAX
HWSAX
FCVAX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class A (FCVAX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX). 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.
| FCVAX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.78 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.22 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.17 | -0.03 |
Martin ratioReturn relative to average drawdown | 4.19 | 4.34 | -0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCVAX | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.78 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.42 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.41 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.47 | -0.05 |
Correlation
The correlation between FCVAX and HWSAX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FCVAX vs. HWSAX - Dividend Comparison
FCVAX's dividend yield for the trailing twelve months is around 10.11%, more than HWSAX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 10.11% | 10.30% | 4.77% | 5.19% | 6.11% | 7.94% | 0.30% | 3.32% | 37.11% | 3.43% | 7.01% | 11.07% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.64% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Drawdowns
FCVAX vs. HWSAX - Drawdown Comparison
The maximum FCVAX drawdown since its inception was -57.86%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for FCVAX and HWSAX.
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Drawdown Indicators
| FCVAX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.86% | -72.14% | +14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -16.44% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -26.98% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -44.71% | -53.82% | +9.11% |
Current DrawdownCurrent decline from peak | -7.87% | -1.09% | -6.78% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -11.03% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 4.43% | -0.52% |
Volatility
FCVAX vs. HWSAX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class A (FCVAX) has a higher volatility of 6.40% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 4.45%. This indicates that FCVAX's price experiences larger fluctuations and is considered to be riskier than HWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVAX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 4.45% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 12.99% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 23.99% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 21.71% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 24.65% | -2.39% |