FCVTX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class M (FCVTX) and Fidelity 500 Index Fund (FXAIX).
FCVTX 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
FCVTX vs. FXAIX - Performance Comparison
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FCVTX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 1.76% | 7.53% | 7.42% | 17.19% | -13.53% | 37.49% | 10.60% | 20.19% | -15.58% | 11.68% |
FXAIX Fidelity 500 Index Fund | -4.34% | 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, FCVTX achieves a 1.76% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, FCVTX has underperformed FXAIX with an annualized return of 9.08%, while FXAIX has yielded a comparatively higher 14.08% annualized return.
FCVTX
- 1D
- 2.78%
- 1M
- -6.75%
- YTD
- 1.76%
- 6M
- 3.20%
- 1Y
- 15.93%
- 3Y*
- 10.60%
- 5Y*
- 5.78%
- 10Y*
- 9.08%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FCVTX vs. FXAIX - Expense Ratio Comparison
FCVTX has a 1.50% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FCVTX vs. FXAIX — Risk / Return Rank
FCVTX
FXAIX
FCVTX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class M (FCVTX) 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.
| FCVTX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.97 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.49 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.52 | -0.40 |
Martin ratioReturn relative to average drawdown | 4.10 | 7.30 | -3.19 |
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
| FCVTX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.97 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.70 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.78 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.76 | -0.36 |
Correlation
The correlation between FCVTX 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
FCVTX vs. FXAIX - Dividend Comparison
FCVTX's dividend yield for the trailing twelve months is around 10.51%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 10.51% | 10.69% | 4.91% | 5.34% | 6.37% | 8.00% | 0.23% | 3.20% | 38.15% | 3.30% | 6.98% | 11.13% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FCVTX vs. FXAIX - Drawdown Comparison
The maximum FCVTX drawdown since its inception was -58.26%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCVTX and FXAIX.
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Drawdown Indicators
| FCVTX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.26% | -33.79% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -12.13% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.91% | -24.50% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | -33.79% | -11.04% |
Current DrawdownCurrent decline from peak | -7.91% | -6.23% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -3.83% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.53% | +1.38% |
Volatility
FCVTX vs. FXAIX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class M (FCVTX) has a higher volatility of 6.34% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that FCVTX'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
| FCVTX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 5.34% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 9.53% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.93% | 18.32% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 16.92% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 18.05% | +4.23% |