FCVIX vs. TASCX
FCVIX (Fidelity Advisor Small Cap Value Fund Class I) and TASCX (Third Avenue Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, FCVIX returned 11.99%/yr vs 11.00%/yr for TASCX. Their correlation of 0.90 suggests significant overlap in exposure. FCVIX charges 0.99%/yr vs 1.15%/yr for TASCX.
Performance
FCVIX vs. TASCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCVIX achieves a 23.80% return, which is significantly higher than TASCX's 16.38% return. Over the past 10 years, FCVIX has outperformed TASCX with an annualized return of 11.99%, while TASCX has yielded a comparatively lower 11.00% annualized return.
FCVIX
- 1D
- 0.24%
- 1M
- 5.41%
- YTD
- 23.80%
- 6M
- 21.42%
- 1Y
- 38.70%
- 3Y*
- 19.28%
- 5Y*
- 9.96%
- 10Y*
- 11.99%
TASCX
- 1D
- 0.00%
- 1M
- 1.35%
- YTD
- 16.38%
- 6M
- 14.39%
- 1Y
- 31.55%
- 3Y*
- 17.24%
- 5Y*
- 11.39%
- 10Y*
- 11.00%
FCVIX vs. TASCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVIX Fidelity Advisor Small Cap Value Fund Class I | 23.80% | 8.02% | 9.36% | 17.82% | -13.07% | 38.10% | 11.21% | 20.76% | -15.42% | 12.27% |
TASCX Third Avenue Small Cap Value Fund | 16.38% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
Correlation
The correlation between FCVIX and TASCX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004 | 0.90 |
The correlation between FCVIX and TASCX shifts across timeframes, from 0.78 (3 years) to 0.90 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCVIX vs. TASCX — Risk / Return Rank
FCVIX
TASCX
FCVIX vs. TASCX - 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 Third Avenue Small Cap Value Fund (TASCX). 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 | TASCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 5.19 | -1.23 |
| Martin ratioReturn relative to average drawdown | 13.87 | 16.34 | -2.46 |
Loading charts...
Drawdowns
FCVIX vs. TASCX - Drawdown Comparison
The maximum FCVIX drawdown since its inception was -57.61%, roughly equal to the maximum TASCX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for FCVIX and TASCX.
Loading charts...
Drawdown Indicators
| FCVIX | TASCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.61% | -58.55% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -6.29% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.82% | -30.26% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -30.26% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -44.61% | -40.45% | -4.16% |
Current DrawdownCurrent decline from peak | 0.00% | -1.64% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -8.60% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.00% | +0.95% |
Volatility
FCVIX vs. TASCX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class I (FCVIX) has a higher volatility of 5.79% compared to Third Avenue Small Cap Value Fund (TASCX) at 2.97%. This indicates that FCVIX's price experiences larger fluctuations and is considered to be riskier than TASCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCVIX | TASCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 2.97% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.39% | 9.04% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 14.31% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 25.34% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.39% | 24.14% | -1.75% |
FCVIX vs. TASCX - Expense Ratio Comparison
FCVIX has a 0.99% expense ratio, which is lower than TASCX's 1.15% expense ratio.
Dividends
FCVIX vs. TASCX - Dividend Comparison
FCVIX's dividend yield for the trailing twelve months is around 8.15%, more than TASCX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVIX Fidelity Advisor Small Cap Value Fund Class I | 8.15% | 10.10% | 6.09% | 5.19% | 5.92% | 7.96% | 0.48% | 3.49% | 36.40% | 3.65% | 7.15% | 11.09% |
TASCX Third Avenue Small Cap Value Fund | 3.24% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
Frequently Asked Questions
FCVIX and TASCX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCVIX has higher volatility (5.79%) compared to TASCX (2.97%). In terms of maximum drawdown, FCVIX dropped -57.61% vs TASCX's -58.55%.
TASCX currently has the higher Sharpe Ratio (2.29 vs 2.26), 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.
Find the right allocation for FCVIX and TASCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer