FCVIX vs. SCYVX

Last updated Jul 18, 2026

FCVIX (Fidelity Advisor Small Cap Value Fund Class I) and SCYVX (AB Small Cap Value Portfolio) are both Small Cap Value Equities funds. Over the past 10 years, FCVIX returned 11.75%/yr vs 9.42%/yr for SCYVX. With a 0.96 correlation, they move nearly in lockstep. FCVIX charges 0.99%/yr vs 0.92%/yr for SCYVX.

Performance

FCVIX vs. SCYVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Value Fund Class I (FCVIX) and AB Small Cap Value Portfolio (SCYVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FCVIX having a 28.15% return and SCYVX slightly higher at 29.35%. Over the past 10 years, FCVIX has outperformed SCYVX with an annualized return of 11.75%, while SCYVX has yielded a comparatively lower 9.42% annualized return.

FCVIX

• 1D: 1.18%
• 1M: 5.78%
• 6M: 19.71%
• YTD: 28.15%
• 1Y: 36.68%
• 3Y*: 17.71%
• 5Y*: 11.61%
• 10Y*: 11.75%

SCYVX

• 1D: 1.72%
• 1M: 5.91%
• 6M: 20.09%
• YTD: 29.35%
• 1Y: 32.09%
• 3Y*: 14.89%
• 5Y*: 7.43%
• 10Y*: 9.42%

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

FCVIX vs. SCYVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCVIX Fidelity Advisor Small Cap Value Fund Class I	28.15%	8.02%	9.36%	17.82%	-13.07%	38.10%	11.21%	20.76%	-15.42%	12.27%
SCYVX AB Small Cap Value Portfolio	29.35%	-0.02%	11.46%	7.82%	-16.68%	35.56%	3.45%	25.72%	-16.43%	8.97%

Correlation

The correlation between FCVIX and SCYVX 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	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.96

The correlation between FCVIX and SCYVX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FCVIX vs. SCYVX — Risk / Return Rank

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

FCVIX

FCVIX Risk / Return Rank: 82
FCVIX Sharpe Ratio Rank: 80
FCVIX Sortino Ratio Rank: 82
FCVIX Omega Ratio Rank: 73
FCVIX Calmar Ratio Rank: 90
FCVIX Martin Ratio Rank: 87

SCYVX

SCYVX Risk / Return Rank: 77
SCYVX Sharpe Ratio Rank: 74
SCYVX Sortino Ratio Rank: 75
SCYVX Omega Ratio Rank: 67
SCYVX Calmar Ratio Rank: 91
SCYVX Martin Ratio Rank: 78

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.

FCVIX vs. SCYVX - 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 AB Small Cap Value Portfolio (SCYVX). 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.

	FCVIX	SCYVX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.98	+0.18
Sortino ratio: Return per unit of downside risk	3.22	2.89	+0.33
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	3.72	3.85	-0.13
Martin ratio: Return relative to average drawdown	13.02	11.40	+1.62

FCVIX vs. SCYVX - Sharpe Ratio Comparison

The current FCVIX Sharpe Ratio is 2.16, which is comparable to the SCYVX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of FCVIX and SCYVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCVIX vs. SCYVX - Drawdown Comparison

The maximum FCVIX drawdown since its inception was -57.61%, which is greater than SCYVX's maximum drawdown of -47.74%. Use the drawdown chart below to compare losses from any high point for FCVIX and SCYVX.

Drawdown Indicators

	FCVIX	SCYVX	Difference
Max Drawdown Largest peak-to-trough decline	-57.61%	-47.74%	-9.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-8.71%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-27.12%	+3.30%
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	-29.12%	+5.30%
Max Drawdown (10Y) Largest decline over 10 years	-44.61%	-47.74%	+3.13%
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-7.93%	-9.37%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.94%	+0.01%

Volatility

FCVIX vs. SCYVX - Volatility Comparison

Fidelity Advisor Small Cap Value Fund Class I (FCVIX) has a higher volatility of 4.32% compared to AB Small Cap Value Portfolio (SCYVX) at 4.02%. This indicates that FCVIX's price experiences larger fluctuations and is considered to be riskier than SCYVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCVIX	SCYVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	4.02%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	13.47%	11.55%	+1.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	16.98%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	21.63%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	23.89%	-1.59%

FCVIX vs. SCYVX - Expense Ratio Comparison

FCVIX has a 0.99% expense ratio, which is higher than SCYVX's 0.92% expense ratio.

Dividends

FCVIX vs. SCYVX - Dividend Comparison

FCVIX's dividend yield for the trailing twelve months is around 7.88%, more than SCYVX's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCVIX Fidelity Advisor Small Cap Value Fund Class I	7.88%	10.10%	6.09%	5.19%	5.92%	7.96%	0.48%	3.49%	36.40%	3.65%	7.15%	11.09%
SCYVX AB Small Cap Value Portfolio	3.77%	4.87%	4.23%	0.52%	5.15%	7.39%	0.55%	5.37%	6.44%	5.67%	0.54%	0.52%

Frequently Asked Questions

Can I hold both FCVIX and SCYVX in my portfolio?

With a correlation of 0.92, FCVIX and SCYVX 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.

Which is riskier, FCVIX or SCYVX?

FCVIX has higher volatility (4.32%) compared to SCYVX (4.02%). In terms of maximum drawdown, FCVIX dropped -57.61% vs SCYVX's -47.74%.

Which has better risk-adjusted returns?

FCVIX currently has the higher Sharpe Ratio (2.16 vs 1.98), 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.