FDMLX vs. FSLSX
FDMLX (Fidelity Series Intrinsic Opportunities Fund) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds from Fidelity. Over the past 10 years, FDMLX returned 12.97%/yr vs 12.12%/yr for FSLSX. Their correlation of 0.91 means they have usually moved in the same direction. FDMLX charges 0.00%/yr vs 0.86%/yr for FSLSX.
Performance
FDMLX vs. FSLSX - Performance Comparison
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Returns By Period
In the year-to-date period, FDMLX achieves a 16.75% return, which is significantly lower than FSLSX's 29.05% return. Over the past 10 years, FDMLX has outperformed FSLSX with an annualized return of 12.97%, while FSLSX has yielded a comparatively lower 12.12% annualized return.
FDMLX
- 1D
- 0.24%
- 1M
- 2.39%
- 6M
- 11.70%
- YTD
- 16.75%
- 1Y
- 26.30%
- 3Y*
- 15.49%
- 5Y*
- 11.93%
- 10Y*
- 12.97%
- ALL TIME*
- 13.55%
FSLSX
- 1D
- -0.08%
- 1M
- 2.06%
- 6M
- 19.20%
- YTD
- 29.05%
- 1Y
- 33.28%
- 3Y*
- 14.06%
- 5Y*
- 11.28%
- 10Y*
- 12.12%
- ALL TIME*
- 10.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDMLX vs. FSLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDMLX Fidelity Series Intrinsic Opportunities Fund | 16.75% | 11.64% | 10.76% | 19.77% | -3.24% | 27.54% | 11.45% | 17.72% | -7.17% | 24.39% |
FSLSX Fidelity Value Strategies Fund | 29.05% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 17.49% |
Correlation
The correlation between FDMLX and FSLSX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2012 | 0.91 |
The correlation between FDMLX and FSLSX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
FDMLX vs. FSLSX — Risk / Return Rank
FDMLX
FSLSX
FDMLX vs. FSLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Intrinsic Opportunities Fund (FDMLX) and Fidelity Value Strategies Fund (FSLSX). 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.
| FDMLX | FSLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.06 | -0.55 |
| Martin ratioReturn relative to average drawdown | 8.36 | 10.30 | -1.94 |
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Drawdowns
FDMLX vs. FSLSX - Drawdown Comparison
The maximum FDMLX drawdown since its inception was -35.03%, smaller than the maximum FSLSX drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for FDMLX and FSLSX.
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Drawdown Indicators
| FDMLX | FSLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.03% | -69.87% | +34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -9.79% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -23.52% | -26.81% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -26.81% | +3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -47.98% | +12.95% |
Current DrawdownCurrent decline from peak | -0.64% | -0.91% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -8.25% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.94% | -0.18% |
Volatility
FDMLX vs. FSLSX - Volatility Comparison
Fidelity Series Intrinsic Opportunities Fund (FDMLX) and Fidelity Value Strategies Fund (FSLSX) have volatilities of 3.23% and 3.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDMLX | FSLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.24% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 11.73% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 18.79% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 20.41% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 21.87% | -2.72% |
FDMLX vs. FSLSX - Expense Ratio Comparison
FDMLX has a 0.00% expense ratio, which is lower than FSLSX's 0.86% expense ratio.
Dividends
FDMLX vs. FSLSX - Dividend Comparison
FDMLX's dividend yield for the trailing twelve months is around 9.96%, while FSLSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMLX Fidelity Series Intrinsic Opportunities Fund | 9.96% | 11.63% | 12.75% | 24.60% | 65.08% | 18.63% | 4.18% | 4.94% | 9.28% | 4.53% | 1.51% | 5.76% |
FSLSX Fidelity Value Strategies Fund | 0.00% | 0.00% | 10.41% | 2.49% | 2.13% | 7.29% | 0.84% | 4.84% | 14.59% | 6.57% | 19.71% | 1.26% |
Frequently Asked Questions
With a correlation of 0.93, FDMLX and FSLSX 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.
FSLSX has higher volatility (3.24%) compared to FDMLX (3.23%). In terms of maximum drawdown, FDMLX dropped -35.03% vs FSLSX's -69.87%.
FDMLX currently has the higher Sharpe Ratio (1.64 vs 1.60), 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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