FDVLX vs. PVMIX
FDVLX (Fidelity Value Fund) and PVMIX (Principal MidCap Value Fund I) are both Mid Cap Value Equities funds. Over the past 10 years, FDVLX returned 14.46%/yr vs 12.72%/yr for PVMIX. Their 0.96 correlation means they have historically moved very closely together. FDVLX charges 0.68%/yr vs 0.69%/yr for PVMIX.
Performance
FDVLX vs. PVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, FDVLX achieves a 25.18% return, which is significantly higher than PVMIX's 15.94% return. Over the past 10 years, FDVLX has outperformed PVMIX with an annualized return of 14.46%, while PVMIX has yielded a comparatively lower 12.72% annualized return.
FDVLX
- 1D
- -0.06%
- 1M
- 2.07%
- 6M
- 18.07%
- YTD
- 25.18%
- 1Y
- 39.96%
- 3Y*
- 24.12%
- 5Y*
- 16.17%
- 10Y*
- 14.46%
- ALL TIME*
- 11.47%
PVMIX
- 1D
- -0.17%
- 1M
- 1.02%
- 6M
- 10.20%
- YTD
- 15.94%
- 1Y
- 21.13%
- 3Y*
- 19.00%
- 5Y*
- 12.66%
- 10Y*
- 12.72%
- ALL TIME*
- 10.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FDVLX Fidelity Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FDVLX vs. PVMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 25.18% | 11.32% | 30.11% | 19.57% | -9.07% | 35.30% | 9.33% | 31.68% | -17.58% | 14.11% |
PVMIX Principal MidCap Value Fund I | 15.94% | 6.09% | 33.38% | 11.04% | -5.95% | 30.97% | 6.50% | 26.69% | -11.07% | 14.63% |
Correlation
The correlation between FDVLX and PVMIX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2003 | 0.96 |
The correlation between FDVLX and PVMIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
FDVLX vs. PVMIX — Risk / Return Rank
FDVLX
PVMIX
FDVLX vs. PVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) and Principal MidCap Value Fund I (PVMIX). 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.
| FDVLX | PVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.66 | +0.99 |
| Martin ratioReturn relative to average drawdown | 14.02 | 9.59 | +4.43 |
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Drawdowns
FDVLX vs. PVMIX - Drawdown Comparison
The maximum FDVLX drawdown since its inception was -66.91%, which is greater than PVMIX's maximum drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for FDVLX and PVMIX.
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Drawdown Indicators
| FDVLX | PVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.91% | -56.76% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -7.37% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -31.45% | -16.78% | -14.67% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -17.05% | -14.40% |
Max Drawdown (10Y)Largest decline over 10 years | -48.66% | -41.34% | -7.32% |
Current DrawdownCurrent decline from peak | -0.92% | -1.00% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -6.79% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.04% | +0.55% |
Volatility
FDVLX vs. PVMIX - Volatility Comparison
Fidelity Value Fund (FDVLX) has a higher volatility of 3.28% compared to Principal MidCap Value Fund I (PVMIX) at 2.19%. This indicates that FDVLX's price experiences larger fluctuations and is considered to be riskier than PVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVLX | PVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.19% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 8.38% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 11.80% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 18.10% | +8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.13% | 19.13% | +6.00% |
FDVLX vs. PVMIX - Expense Ratio Comparison
FDVLX has a 0.68% expense ratio, which is lower than PVMIX's 0.69% expense ratio.
Dividends
FDVLX vs. PVMIX - Dividend Comparison
FDVLX's dividend yield for the trailing twelve months is around 8.03%, more than PVMIX's 6.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 8.03% | 10.05% | 33.05% | 3.71% | 7.08% | 9.79% | 0.98% | 3.34% | 16.25% | 3.38% | 1.26% | 10.97% |
PVMIX Principal MidCap Value Fund I | 6.23% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
Frequently Asked Questions
FDVLX and PVMIX 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.
FDVLX has higher volatility (3.28%) compared to PVMIX (2.19%). In terms of maximum drawdown, FDVLX dropped -66.91% vs PVMIX's -56.76%.
FDVLX currently has the higher Sharpe Ratio (2.24 vs 1.67), 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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