FDMLX vs. IWS
FDMLX (Fidelity Series Intrinsic Opportunities Fund) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds. Over the past 10 years, FDMLX returned 12.97%/yr vs 10.30%/yr for IWS. Their correlation of 0.90 means they have usually moved in the same direction. FDMLX charges 0.00%/yr vs 0.23%/yr for IWS.
Performance
FDMLX vs. IWS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDMLX achieves a 16.75% return, which is significantly lower than IWS's 19.19% return. Over the past 10 years, FDMLX has outperformed IWS with an annualized return of 12.97%, while IWS has yielded a comparatively lower 10.30% 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%
IWS
- 1D
- -0.31%
- 1M
- 0.62%
- 6M
- 14.40%
- YTD
- 19.19%
- 1Y
- 27.66%
- 3Y*
- 15.33%
- 5Y*
- 9.45%
- 10Y*
- 10.30%
- ALL TIME*
- 9.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $90.38M | $82.14M | $73.71M |
FDMLX vs. IWS - 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% |
IWS iShares Russell Mid-Cap Value ETF | 19.19% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 26.73% | -12.43% | 13.14% |
Correlation
The correlation between FDMLX and IWS is 0.92, 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. | 0.92 |
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 Dec 7, 2012 | 0.90 |
The correlation between FDMLX and IWS has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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
FDMLX vs. IWS — Risk / Return Rank
FDMLX
IWS
FDMLX vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Intrinsic Opportunities Fund (FDMLX) and iShares Russell Mid-Cap Value ETF (IWS). 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 | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.47 | -0.96 |
| Martin ratioReturn relative to average drawdown | 8.36 | 13.35 | -5.00 |
Loading charts...
Drawdowns
FDMLX vs. IWS - Drawdown Comparison
The maximum FDMLX drawdown since its inception was -35.03%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FDMLX and IWS.
Loading charts...
Drawdown Indicators
| FDMLX | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.03% | -62.40% | +27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -7.53% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -23.52% | -20.57% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -21.23% | -2.29% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -43.83% | +8.80% |
Current DrawdownCurrent decline from peak | -0.64% | -1.38% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -7.97% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.95% | +0.81% |
Volatility
FDMLX vs. IWS - Volatility Comparison
Fidelity Series Intrinsic Opportunities Fund (FDMLX) has a higher volatility of 3.23% compared to iShares Russell Mid-Cap Value ETF (IWS) at 2.96%. This indicates that FDMLX's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FDMLX | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 2.96% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 9.98% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 13.46% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 17.26% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 19.30% | -0.15% |
FDMLX vs. IWS - Expense Ratio Comparison
FDMLX has a 0.00% expense ratio, which is lower than IWS's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FDMLX vs. IWS - Dividend Comparison
FDMLX's dividend yield for the trailing twelve months is around 9.96%, more than IWS's 1.30% 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% |
IWS iShares Russell Mid-Cap Value ETF | 1.30% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
With a correlation of 0.92, FDMLX and IWS 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.
FDMLX has higher volatility (3.23%) compared to IWS (2.96%). In terms of maximum drawdown, FDMLX dropped -35.03% vs IWS's -62.40%.
IWS currently has the higher Sharpe Ratio (1.94 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.
Find the right allocation for FDMLX and IWS
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