FCVIX vs. HWSAX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class I (FCVIX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
FCVIX 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
FCVIX vs. HWSAX - Performance Comparison
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FCVIX vs. HWSAX - 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% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 7.13% | 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, FCVIX achieves a -0.85% return, which is significantly lower than HWSAX's 7.13% return. Both investments have delivered pretty close results over the past 10 years, with FCVIX having a 9.44% annualized return and HWSAX not far ahead at 9.77%.
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%
HWSAX
- 1D
- -0.30%
- 1M
- -0.14%
- YTD
- 7.13%
- 6M
- 5.59%
- 1Y
- 16.59%
- 3Y*
- 9.52%
- 5Y*
- 9.01%
- 10Y*
- 9.77%
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FCVIX vs. HWSAX - Expense Ratio Comparison
FCVIX has a 0.99% expense ratio, which is lower than HWSAX's 1.21% expense ratio.
Return for Risk
FCVIX vs. HWSAX — Risk / Return Rank
FCVIX
HWSAX
FCVIX vs. HWSAX - 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 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.
| FCVIX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.72 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.15 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.91 | -0.10 |
Martin ratioReturn relative to average drawdown | 3.02 | 3.37 | -0.35 |
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 | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.72 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.42 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.40 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.47 | -0.04 |
Correlation
The correlation between FCVIX 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
FCVIX vs. HWSAX - Dividend Comparison
FCVIX's dividend yield for the trailing twelve months is around 10.18%, more than HWSAX's 0.65% 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% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.65% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Drawdowns
FCVIX vs. HWSAX - Drawdown Comparison
The maximum FCVIX drawdown since its inception was -57.61%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for FCVIX and HWSAX.
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Drawdown Indicators
| FCVIX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.61% | -72.14% | +14.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -16.44% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -26.98% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -44.61% | -53.82% | +9.21% |
Current DrawdownCurrent decline from peak | -10.35% | -2.78% | -7.57% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -11.03% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 4.43% | -0.57% |
Volatility
FCVIX vs. HWSAX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class I (FCVIX) has a higher volatility of 5.55% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 4.15%. This indicates that FCVIX'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
| FCVIX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.15% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 12.90% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 23.98% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 21.70% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 24.64% | -2.39% |