FCVTX vs. MMEYX
FCVTX (Fidelity Advisor Small Cap Value Fund Class M) and MMEYX (Victory Integrity Discovery Fund) are both Small Cap Value Equities funds. Over the past 10 years, FCVTX returned 11.27%/yr vs 12.99%/yr for MMEYX. Their correlation of 0.93 suggests significant overlap in exposure. FCVTX charges 1.50%/yr vs 1.38%/yr for MMEYX.
Performance
FCVTX vs. MMEYX - Performance Comparison
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Returns By Period
In the year-to-date period, FCVTX achieves a 22.94% return, which is significantly lower than MMEYX's 31.89% return. Over the past 10 years, FCVTX has underperformed MMEYX with an annualized return of 11.27%, while MMEYX has yielded a comparatively higher 12.99% annualized return.
FCVTX
- 1D
- -0.45%
- 1M
- 4.88%
- YTD
- 22.94%
- 6M
- 20.19%
- 1Y
- 35.68%
- 3Y*
- 18.01%
- 5Y*
- 8.82%
- 10Y*
- 11.27%
MMEYX
- 1D
- -0.39%
- 1M
- 4.54%
- YTD
- 31.89%
- 6M
- 29.33%
- 1Y
- 52.15%
- 3Y*
- 25.39%
- 5Y*
- 11.04%
- 10Y*
- 12.99%
FCVTX vs. MMEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 22.94% | 7.53% | 7.42% | 17.19% | -13.53% | 37.49% | 10.60% | 20.19% | -15.58% | 11.68% |
MMEYX Victory Integrity Discovery Fund | 31.89% | 14.25% | 11.36% | 14.83% | -12.01% | 37.20% | -1.34% | 21.60% | -16.10% | 11.07% |
Correlation
The correlation between FCVTX and MMEYX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2004 | 0.93 |
The correlation between FCVTX and MMEYX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
FCVTX vs. MMEYX — Risk / Return Rank
FCVTX
MMEYX
FCVTX vs. MMEYX - 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 Victory Integrity Discovery Fund (MMEYX). 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.
| FCVTX | MMEYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 6.61 | -3.00 |
| Martin ratioReturn relative to average drawdown | 12.60 | 20.25 | -7.65 |
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Drawdowns
FCVTX vs. MMEYX - Drawdown Comparison
The maximum FCVTX drawdown since its inception was -58.26%, smaller than the maximum MMEYX drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for FCVTX and MMEYX.
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Drawdown Indicators
| FCVTX | MMEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.26% | -69.05% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -8.19% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -24.91% | -25.23% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.91% | -26.82% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | -54.35% | +9.52% |
Current DrawdownCurrent decline from peak | -0.45% | -1.48% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -15.54% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.67% | +0.31% |
Volatility
FCVTX vs. MMEYX - Volatility Comparison
The current volatility for Fidelity Advisor Small Cap Value Fund Class M (FCVTX) is 5.82%, while Victory Integrity Discovery Fund (MMEYX) has a volatility of 6.30%. This indicates that FCVTX experiences smaller price fluctuations and is considered to be less risky than MMEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVTX | MMEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 6.30% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 13.71% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.19% | 19.79% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 22.39% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 25.41% | -3.05% |
FCVTX vs. MMEYX - Expense Ratio Comparison
FCVTX has a 1.50% expense ratio, which is higher than MMEYX's 1.38% expense ratio.
Dividends
FCVTX vs. MMEYX - Dividend Comparison
FCVTX's dividend yield for the trailing twelve months is around 8.70%, more than MMEYX's 7.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 8.70% | 10.69% | 4.91% | 5.34% | 6.37% | 8.00% | 0.23% | 3.20% | 38.15% | 3.30% | 6.98% | 11.13% |
MMEYX Victory Integrity Discovery Fund | 7.34% | 9.68% | 8.36% | 1.33% | 8.53% | 4.34% | 0.00% | 2.17% | 14.87% | 10.31% | 3.73% | 7.64% |
Frequently Asked Questions
FCVTX and MMEYX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMEYX has higher volatility (6.30%) compared to FCVTX (5.82%). In terms of maximum drawdown, FCVTX dropped -58.26% vs MMEYX's -69.05%.
MMEYX currently has the higher Sharpe Ratio (2.74 vs 2.07), 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.
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