FCVIX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class I (FCVIX) and Fidelity 500 Index Fund (FXAIX).
FCVIX is managed by Fidelity. It was launched on Nov 3, 2004. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FCVIX vs. FXAIX - Performance Comparison
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FCVIX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVIX Fidelity Advisor Small Cap Value Fund Class I | -0.85% | 8.02% | 9.36% | 17.82% | -13.07% | 38.10% | 11.21% | 20.76% | -15.42% | 12.27% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FCVIX achieves a -0.85% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FCVIX has underperformed FXAIX with an annualized return of 9.44%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
FCVIX
- 1D
- -1.15%
- 1M
- -8.91%
- YTD
- -0.85%
- 6M
- 0.70%
- 1Y
- 13.63%
- 3Y*
- 10.63%
- 5Y*
- 6.28%
- 10Y*
- 9.44%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FCVIX vs. FXAIX - Expense Ratio Comparison
FCVIX has a 0.99% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FCVIX vs. FXAIX — Risk / Return Rank
FCVIX
FXAIX
FCVIX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class I (FCVIX) and Fidelity 500 Index Fund (FXAIX). 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.
| FCVIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.84 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.30 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.05 | -0.25 |
Martin ratioReturn relative to average drawdown | 3.02 | 5.13 | -2.11 |
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
| FCVIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.84 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.68 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.77 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.75 | -0.32 |
Correlation
The correlation between FCVIX and FXAIX is 0.81, 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
FCVIX vs. FXAIX - Dividend Comparison
FCVIX's dividend yield for the trailing twelve months is around 10.18%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVIX Fidelity Advisor Small Cap Value Fund Class I | 10.18% | 10.10% | 6.09% | 5.19% | 5.92% | 7.96% | 0.48% | 3.49% | 36.40% | 3.65% | 7.15% | 11.09% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FCVIX vs. FXAIX - Drawdown Comparison
The maximum FCVIX drawdown since its inception was -57.61%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCVIX and FXAIX.
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Drawdown Indicators
| FCVIX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.61% | -33.79% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -12.13% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -24.50% | +0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -44.61% | -33.79% | -10.82% |
Current DrawdownCurrent decline from peak | -10.35% | -8.89% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -3.83% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.50% | +1.36% |
Volatility
FCVIX vs. FXAIX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class I (FCVIX) has a higher volatility of 5.55% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that FCVIX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVIX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.24% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 9.08% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 18.13% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 16.88% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 18.03% | +4.22% |