FDMLX vs. SMVTX

Last updated Aug 1, 2026

FDMLX (Fidelity Series Intrinsic Opportunities Fund) and SMVTX (Virtus Ceredex Mid-Cap Value Equity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FDMLX returned 12.97%/yr vs 11.55%/yr for SMVTX. Their correlation of 0.87 means they have usually moved in the same direction. FDMLX charges 0.00%/yr vs 0.99%/yr for SMVTX.

Performance

FDMLX vs. SMVTX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FDMLX having a 16.75% return and SMVTX slightly lower at 16.53%. Over the past 10 years, FDMLX has outperformed SMVTX with an annualized return of 12.97%, while SMVTX has yielded a comparatively lower 11.55% 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%

SMVTX

• 1D: 1.19%
• 1M: -3.94%
• 6M: 8.69%
• YTD: 16.53%
• 1Y: 29.40%
• 3Y*: 19.22%
• 5Y*: 10.94%
• 10Y*: 11.55%
• ALL TIME*: 10.04%

*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
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	$0.00	$0.00	$0.00

FDMLX vs. SMVTX - 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%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	16.53%	17.58%	18.93%	10.94%	-13.89%	29.15%	-1.19%	33.14%	-8.01%	11.69%

Correlation

The correlation between FDMLX and SMVTX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 7, 2012	0.87

The correlation between FDMLX and SMVTX shifts across timeframes, from 0.77 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDMLX vs. SMVTX — 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

SMVTX

SMVTX Risk / Return Rank: 76
SMVTX Sharpe Ratio Rank: 70
SMVTX Sortino Ratio Rank: 69
SMVTX Omega Ratio Rank: 64
SMVTX Calmar Ratio Rank: 89
SMVTX Martin Ratio Rank: 86

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. SMVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Intrinsic Opportunities Fund (FDMLX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). 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	SMVTX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.63	+0.01
Sortino ratio: Return per unit of downside risk	2.44	2.34	+0.10
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.51	3.31	-0.81
Martin ratio: Return relative to average drawdown	8.36	10.95	-2.59

FDMLX vs. SMVTX - Sharpe Ratio Comparison

The current FDMLX Sharpe Ratio is 1.64, which is comparable to the SMVTX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of FDMLX and SMVTX, 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. SMVTX - Drawdown Comparison

The maximum FDMLX drawdown since its inception was -35.03%, smaller than the maximum SMVTX drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for FDMLX and SMVTX.

Drawdown Indicators

	FDMLX	SMVTX	Difference
Max Drawdown Largest peak-to-trough decline	-35.03%	-54.72%	+19.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-8.10%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-23.52%	-24.75%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	-25.44%	+1.92%
Max Drawdown (10Y) Largest decline over 10 years	-35.03%	-45.45%	+10.42%
Current Drawdown Current decline from peak	-0.64%	-7.01%	+6.37%
Average Drawdown Average peak-to-trough decline	-4.52%	-8.20%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.45%	+0.31%

Volatility

FDMLX vs. SMVTX - Volatility Comparison

The current volatility for Fidelity Series Intrinsic Opportunities Fund (FDMLX) is 3.23%, while Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) has a volatility of 4.12%. This indicates that FDMLX experiences smaller price fluctuations and is considered to be less risky than SMVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDMLX	SMVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	4.12%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	12.77%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	16.44%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.83%	20.55%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	20.60%	-1.45%

FDMLX vs. SMVTX - Expense Ratio Comparison

FDMLX has a 0.00% expense ratio, which is lower than SMVTX's 0.99% expense ratio.

Dividends

FDMLX vs. SMVTX - Dividend Comparison

FDMLX's dividend yield for the trailing twelve months is around 9.96%, less than SMVTX's 14.98% 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%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	14.98%	16.44%	15.96%	1.16%	6.75%	18.53%	2.52%	5.82%	14.47%	20.86%	3.61%	7.05%

Frequently Asked Questions

Can I hold both FDMLX and SMVTX in my portfolio?

FDMLX and SMVTX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDMLX or SMVTX?

SMVTX has higher volatility (4.12%) compared to FDMLX (3.23%). In terms of maximum drawdown, FDMLX dropped -35.03% vs SMVTX's -54.72%.

Which has better risk-adjusted returns?

FDMLX currently has the higher Sharpe Ratio (1.64 vs 1.63), 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.