FCVIX vs. RYSEX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class I (FCVIX) and Royce Special Equity Fund (RYSEX).
FCVIX is managed by Fidelity. It was launched on Nov 3, 2004. RYSEX is managed by Royce Investment Partners. It was launched on May 1, 1998.
Performance
FCVIX vs. RYSEX - Performance Comparison
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FCVIX vs. RYSEX - 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% |
RYSEX Royce Special Equity Fund | 3.35% | 3.66% | 2.93% | 12.96% | -6.60% | 22.24% | 7.43% | 12.73% | -9.96% | 7.13% |
Returns By Period
In the year-to-date period, FCVIX achieves a -0.85% return, which is significantly lower than RYSEX's 3.35% return. Over the past 10 years, FCVIX has outperformed RYSEX with an annualized return of 9.44%, while RYSEX has yielded a comparatively lower 7.57% 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%
RYSEX
- 1D
- 0.35%
- 1M
- -3.72%
- YTD
- 3.35%
- 6M
- 5.06%
- 1Y
- 17.66%
- 3Y*
- 6.41%
- 5Y*
- 4.67%
- 10Y*
- 7.57%
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FCVIX vs. RYSEX - Expense Ratio Comparison
FCVIX has a 0.99% expense ratio, which is lower than RYSEX's 1.20% expense ratio.
Return for Risk
FCVIX vs. RYSEX — Risk / Return Rank
FCVIX
RYSEX
FCVIX vs. RYSEX - 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 Royce Special Equity Fund (RYSEX). 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 | RYSEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.96 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.51 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.41 | -0.60 |
Martin ratioReturn relative to average drawdown | 3.02 | 4.67 | -1.65 |
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 | RYSEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.96 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.29 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.44 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.51 | -0.08 |
Correlation
The correlation between FCVIX and RYSEX is 0.90, 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. RYSEX - Dividend Comparison
FCVIX's dividend yield for the trailing twelve months is around 10.18%, less than RYSEX's 11.96% 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% |
RYSEX Royce Special Equity Fund | 11.96% | 12.36% | 16.35% | 5.32% | 12.34% | 16.53% | 3.70% | 11.56% | 13.11% | 8.24% | 7.72% | 11.68% |
Drawdowns
FCVIX vs. RYSEX - Drawdown Comparison
The maximum FCVIX drawdown since its inception was -57.61%, which is greater than RYSEX's maximum drawdown of -43.25%. Use the drawdown chart below to compare losses from any high point for FCVIX and RYSEX.
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Drawdown Indicators
| FCVIX | RYSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.61% | -43.25% | -14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -10.97% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -23.03% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -44.61% | -32.13% | -12.48% |
Current DrawdownCurrent decline from peak | -10.35% | -6.33% | -4.02% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -6.39% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.30% | +0.56% |
Volatility
FCVIX vs. RYSEX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class I (FCVIX) has a higher volatility of 5.55% compared to Royce Special Equity Fund (RYSEX) at 3.43%. This indicates that FCVIX's price experiences larger fluctuations and is considered to be riskier than RYSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVIX | RYSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 3.43% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 9.64% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 18.16% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 16.43% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 17.40% | +4.85% |