FCVCX vs. SHDPX

Last updated Jun 25, 2026

FCVCX (Fidelity Advisor Small Cap Value Fund Class C) and SHDPX (American Beacon Shapiro SMID Cap Equity Fund) are both Small Cap Value Equities funds. At a 0.41 correlation, their price movements are largely independent. FCVCX charges 2.02%/yr vs 2.31%/yr for SHDPX.

Performance

FCVCX vs. SHDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Value Fund Class C (FCVCX) and American Beacon Shapiro SMID Cap Equity Fund (SHDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

SHDPX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCVCX vs. SHDPX - Yearly Performance Comparison

	2026 (YTD)
FCVCX Fidelity Advisor Small Cap Value Fund Class C	3.69%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.23%

Correlation

The correlation between FCVCX and SHDPX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.41

Return for Risk

FCVCX vs. SHDPX — Risk / Return Rank

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

FCVCX

FCVCX Risk / Return Rank: 70
FCVCX Sharpe Ratio Rank: 66
FCVCX Sortino Ratio Rank: 71
FCVCX Omega Ratio Rank: 56
FCVCX Calmar Ratio Rank: 84
FCVCX Martin Ratio Rank: 75

SHDPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FCVCX vs. SHDPX - 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 American Beacon Shapiro SMID Cap Equity Fund (SHDPX). 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	SHDPX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.52	—	—
Martin ratio: Return relative to average drawdown	12.23	—	—

Drawdowns

FCVCX vs. SHDPX - Drawdown Comparison

The maximum FCVCX drawdown since its inception was -58.55%, which is greater than SHDPX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FCVCX and SHDPX.

Drawdown Indicators

	FCVCX	SHDPX	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	0.00%	-58.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.31%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-8.46%	0.00%	-8.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	—	—

Volatility

Volatility by Period

	FCVCX	SHDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	0.60%	+17.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	0.60%	+20.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.37%	0.60%	+21.77%

FCVCX vs. SHDPX - Expense Ratio Comparison

FCVCX has a 2.02% expense ratio, which is lower than SHDPX's 2.31% expense ratio.

Dividends

FCVCX vs. SHDPX - Dividend Comparison

FCVCX's dividend yield for the trailing twelve months is around 10.07%, while SHDPX has not paid dividends to shareholders.

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%
SHDPX American Beacon Shapiro SMID Cap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCVCX and SHDPX in my portfolio?

FCVCX and SHDPX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.