FDMLX vs. HNMVX

Last updated Aug 1, 2026

FDMLX (Fidelity Series Intrinsic Opportunities Fund) and HNMVX (Harbor Mid Cap Value Fund Retirement Class) are both Mid Cap Value Equities funds. Over the past 10 years, FDMLX returned 12.97%/yr vs 11.08%/yr for HNMVX. Their correlation of 0.91 means they have usually moved in the same direction. FDMLX charges 0.00%/yr vs 0.77%/yr for HNMVX.

Performance

FDMLX vs. HNMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Intrinsic Opportunities Fund (FDMLX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDMLX achieves a 16.75% return, which is significantly lower than HNMVX's 23.70% return. Over the past 10 years, FDMLX has outperformed HNMVX with an annualized return of 12.97%, while HNMVX has yielded a comparatively lower 11.08% 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%

HNMVX

• 1D: -0.41%
• 1M: 3.16%
• 6M: 17.58%
• YTD: 23.70%
• 1Y: 40.62%
• 3Y*: 19.16%
• 5Y*: 13.21%
• 10Y*: 11.08%
• ALL TIME*: 11.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDMLX Fidelity Series Intrinsic Opportunities Fund	$0.00	$0.00	$0.00
HNMVX Harbor Mid Cap Value Fund Retirement Class	$0.00	$0.00	$0.00

FDMLX vs. HNMVX - 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%
HNMVX Harbor Mid Cap Value Fund Retirement Class	23.70%	16.06%	12.22%	16.52%	-5.58%	30.06%	-3.70%	23.06%	-17.76%	12.09%

Correlation

The correlation between FDMLX and HNMVX is 0.95, 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016	0.91

The correlation between FDMLX and HNMVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

FDMLX vs. HNMVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDMLX

FDMLX Risk / Return Rank: 71
FDMLX Sharpe Ratio Rank: 70
FDMLX Sortino Ratio Rank: 72
FDMLX Omega Ratio Rank: 67
FDMLX Calmar Ratio Rank: 77
FDMLX Martin Ratio Rank: 68

HNMVX

HNMVX Risk / Return Rank: 97
HNMVX Sharpe Ratio Rank: 98
HNMVX Sortino Ratio Rank: 97
HNMVX Omega Ratio Rank: 93
HNMVX Calmar Ratio Rank: 97
HNMVX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDMLX vs. HNMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Intrinsic Opportunities Fund (FDMLX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). 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	HNMVX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	3.01	-1.37
Sortino ratio: Return per unit of downside risk	2.44	4.38	-1.94
Omega ratio: Gain probability vs. loss probability	1.29	1.54	-0.25
Calmar ratio: Return relative to maximum drawdown	2.51	5.71	-3.21
Martin ratio: Return relative to average drawdown	8.36	21.49	-13.13

FDMLX vs. HNMVX - Sharpe Ratio Comparison

The current FDMLX Sharpe Ratio is 1.64, which is lower than the HNMVX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of FDMLX and HNMVX, 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

FDMLX vs. HNMVX - Drawdown Comparison

The maximum FDMLX drawdown since its inception was -35.03%, smaller than the maximum HNMVX drawdown of -51.33%. Use the drawdown chart below to compare losses from any high point for FDMLX and HNMVX.

Drawdown Indicators

	FDMLX	HNMVX	Difference
Max Drawdown Largest peak-to-trough decline	-35.03%	-51.33%	+16.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-6.84%	-2.35%
Max Drawdown (3Y) Largest decline over 3 years	-23.52%	-21.00%	-2.52%
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	-21.00%	-2.52%
Max Drawdown (10Y) Largest decline over 10 years	-35.03%	-51.33%	+16.30%
Current Drawdown Current decline from peak	-0.64%	-1.31%	+0.67%
Average Drawdown Average peak-to-trough decline	-4.52%	-7.02%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.82%	+0.94%

Volatility

FDMLX vs. HNMVX - Volatility Comparison

Fidelity Series Intrinsic Opportunities Fund (FDMLX) has a higher volatility of 3.23% compared to Harbor Mid Cap Value Fund Retirement Class (HNMVX) at 2.94%. This indicates that FDMLX's price experiences larger fluctuations and is considered to be riskier than HNMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDMLX	HNMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.94%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	8.87%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	13.01%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.83%	18.70%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	21.84%	-2.69%

FDMLX vs. HNMVX - Expense Ratio Comparison

FDMLX has a 0.00% expense ratio, which is lower than HNMVX's 0.77% expense ratio.

Dividends

FDMLX vs. HNMVX - Dividend Comparison

FDMLX's dividend yield for the trailing twelve months is around 9.96%, more than HNMVX's 7.09% yield.

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%
HNMVX Harbor Mid Cap Value Fund Retirement Class	7.09%	8.77%	5.87%	7.28%	8.35%	1.35%	2.43%	3.21%	8.52%	3.91%	3.11%	0.00%

Frequently Asked Questions

Can I hold both FDMLX and HNMVX in my portfolio?

With a correlation of 0.95, FDMLX and HNMVX 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, FDMLX or HNMVX?

FDMLX has higher volatility (3.23%) compared to HNMVX (2.94%). In terms of maximum drawdown, FDMLX dropped -35.03% vs HNMVX's -51.33%.

Which has better risk-adjusted returns?

HNMVX currently has the higher Sharpe Ratio (3.01 vs 1.64), 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.