FIIAX vs. FMPAX
Compare and contrast key facts about Fidelity Advisor Mid Cap II Fund Class A (FIIAX) and Fidelity Advisor Mid Cap Value Fund Class A (FMPAX).
FIIAX is managed by Fidelity. It was launched on Aug 12, 2004. FMPAX is managed by Fidelity. It was launched on Feb 13, 2007.
Performance
FIIAX vs. FMPAX - Performance Comparison
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FIIAX vs. FMPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 6.23% | 7.21% | 16.96% | 14.68% | -15.04% | 24.94% | 18.34% | 23.32% | -15.21% | 20.32% |
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 4.28% | 12.75% | 14.22% | 22.18% | -10.89% | 33.60% | 0.68% | 23.19% | -19.16% | 16.73% |
Returns By Period
In the year-to-date period, FIIAX achieves a 6.23% return, which is significantly higher than FMPAX's 4.28% return. Over the past 10 years, FIIAX has outperformed FMPAX with an annualized return of 10.85%, while FMPAX has yielded a comparatively lower 9.74% annualized return.
FIIAX
- 1D
- 1.27%
- 1M
- -3.07%
- YTD
- 6.23%
- 6M
- 10.45%
- 1Y
- 24.66%
- 3Y*
- 13.95%
- 5Y*
- 7.62%
- 10Y*
- 10.85%
FMPAX
- 1D
- 0.81%
- 1M
- -4.22%
- YTD
- 4.28%
- 6M
- 8.63%
- 1Y
- 20.94%
- 3Y*
- 17.21%
- 5Y*
- 10.45%
- 10Y*
- 9.74%
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FIIAX vs. FMPAX - Expense Ratio Comparison
FIIAX has a 1.00% expense ratio, which is higher than FMPAX's 0.86% expense ratio.
Return for Risk
FIIAX vs. FMPAX — Risk / Return Rank
FIIAX
FMPAX
FIIAX vs. FMPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class A (FIIAX) and Fidelity Advisor Mid Cap Value Fund Class A (FMPAX). 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.
| FIIAX | FMPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.06 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.61 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.59 | +0.25 |
Martin ratioReturn relative to average drawdown | 8.06 | 6.40 | +1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIIAX | FMPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.06 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.52 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.46 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.37 | +0.13 |
Correlation
The correlation between FIIAX and FMPAX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIIAX vs. FMPAX - Dividend Comparison
FIIAX's dividend yield for the trailing twelve months is around 6.65%, less than FMPAX's 7.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 6.65% | 6.21% | 6.89% | 2.59% | 5.68% | 18.94% | 1.12% | 3.21% | 10.53% | 7.60% | 8.69% | 4.74% |
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 7.50% | 8.24% | 10.38% | 0.96% | 13.09% | 1.08% | 1.78% | 1.61% | 14.62% | 8.77% | 1.11% | 4.99% |
Drawdowns
FIIAX vs. FMPAX - Drawdown Comparison
The maximum FIIAX drawdown since its inception was -53.35%, smaller than the maximum FMPAX drawdown of -63.15%. Use the drawdown chart below to compare losses from any high point for FIIAX and FMPAX.
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Drawdown Indicators
| FIIAX | FMPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -63.15% | +9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -10.34% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.25% | -23.79% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -45.47% | +3.14% |
Current DrawdownCurrent decline from peak | -5.38% | -6.97% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -9.80% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.66% | -0.26% |
Volatility
FIIAX vs. FMPAX - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class A (FIIAX) has a higher volatility of 8.42% compared to Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) at 6.46%. This indicates that FIIAX's price experiences larger fluctuations and is considered to be riskier than FMPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIAX | FMPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.42% | 6.46% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 12.13% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.34% | 21.60% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.29% | 20.11% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 21.05% | -0.08% |