FCVCX vs. HRTVX
FCVCX (Fidelity Advisor Small Cap Value Fund Class C) and HRTVX (Heartland Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, FCVCX returned 10.69%/yr vs 12.24%/yr for HRTVX. Their correlation of 0.91 suggests significant overlap in exposure. FCVCX charges 2.02%/yr vs 1.04%/yr for HRTVX.
Performance
FCVCX vs. HRTVX - Performance Comparison
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Returns By Period
In the year-to-date period, FCVCX achieves a 22.62% return, which is significantly higher than HRTVX's 21.36% return. Over the past 10 years, FCVCX has underperformed HRTVX with an annualized return of 10.69%, while HRTVX has yielded a comparatively higher 12.24% annualized return.
FCVCX
- 1D
- -0.48%
- 1M
- 4.79%
- YTD
- 22.62%
- 6M
- 19.87%
- 1Y
- 34.97%
- 3Y*
- 17.35%
- 5Y*
- 8.25%
- 10Y*
- 10.69%
HRTVX
- 1D
- -0.36%
- 1M
- 2.91%
- YTD
- 21.36%
- 6M
- 19.59%
- 1Y
- 38.29%
- 3Y*
- 22.98%
- 5Y*
- 11.90%
- 10Y*
- 12.24%
FCVCX vs. HRTVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVCX Fidelity Advisor Small Cap Value Fund Class C | 22.62% | 6.93% | 6.82% | 16.65% | -13.97% | 36.71% | 9.98% | 19.64% | -16.02% | 11.11% |
HRTVX Heartland Value Fund | 21.36% | 15.94% | 15.76% | 17.15% | -10.04% | 21.86% | 13.12% | 17.93% | -12.10% | 8.45% |
Correlation
The correlation between FCVCX and HRTVX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004 | 0.91 |
The correlation between FCVCX and HRTVX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
FCVCX vs. HRTVX — Risk / Return Rank
FCVCX
HRTVX
FCVCX vs. HRTVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class C (FCVCX) and Heartland Value Fund (HRTVX). 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.
| FCVCX | HRTVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 4.18 | -0.66 |
| Martin ratioReturn relative to average drawdown | 12.23 | 14.39 | -2.16 |
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Drawdowns
FCVCX vs. HRTVX - Drawdown Comparison
The maximum FCVCX drawdown since its inception was -58.55%, smaller than the maximum HRTVX drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for FCVCX and HRTVX.
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Drawdown Indicators
| FCVCX | HRTVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -61.68% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.50% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -25.11% | -23.17% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -23.17% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -45.31% | -46.31% | +1.00% |
Current DrawdownCurrent decline from peak | -0.48% | -0.36% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -8.46% | -9.02% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.76% | +0.24% |
Volatility
FCVCX vs. HRTVX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class C (FCVCX) has a higher volatility of 5.86% compared to Heartland Value Fund (HRTVX) at 4.88%. This indicates that FCVCX's price experiences larger fluctuations and is considered to be riskier than HRTVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVCX | HRTVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 4.88% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 11.96% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 17.08% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 19.51% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 21.02% | +1.35% |
FCVCX vs. HRTVX - Expense Ratio Comparison
FCVCX has a 2.02% expense ratio, which is higher than HRTVX's 1.04% expense ratio.
Dividends
FCVCX vs. HRTVX - Dividend Comparison
FCVCX's dividend yield for the trailing twelve months is around 10.07%, more than HRTVX's 7.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVCX Fidelity Advisor Small Cap Value Fund Class C | 10.07% | 12.35% | 5.46% | 5.97% | 7.23% | 8.53% | 0.13% | 3.34% | 41.61% | 3.03% | 7.26% | 11.44% |
HRTVX Heartland Value Fund | 7.65% | 9.29% | 8.91% | 5.65% | 3.01% | 13.50% | 0.76% | 3.12% | 7.26% | 6.43% | 3.56% | 8.25% |
Frequently Asked Questions
With a correlation of 0.92, FCVCX and HRTVX 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.
FCVCX has higher volatility (5.86%) compared to HRTVX (4.88%). In terms of maximum drawdown, FCVCX dropped -58.55% vs HRTVX's -61.68%.
HRTVX currently has the higher Sharpe Ratio (2.33 vs 2.03), 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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