FIKNX vs. ARSMX
FIKNX (Fidelity Advisor Small Cap Value Fund Class Z) and ARSMX (AMG River Road Small-Mid Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, FIKNX returned 10.28%/yr vs 6.42%/yr for ARSMX. Their correlation of 0.91 means they have usually moved in the same direction. FIKNX charges 0.87%/yr vs 1.27%/yr for ARSMX.
Performance
FIKNX vs. ARSMX - Performance Comparison
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Returns By Period
In the year-to-date period, FIKNX achieves a 25.39% return, which is significantly higher than ARSMX's 10.07% return.
FIKNX
- 1D
- -0.24%
- 1M
- -1.14%
- 6M
- 18.13%
- YTD
- 25.39%
- 1Y
- 38.70%
- 3Y*
- 15.40%
- 5Y*
- 10.28%
- 10Y*
- —
- ALL TIME*
- 12.10%
ARSMX
- 1D
- -0.38%
- 1M
- 2.14%
- 6M
- 7.48%
- YTD
- 10.07%
- 1Y
- 9.16%
- 3Y*
- 9.11%
- 5Y*
- 6.42%
- 10Y*
- 10.29%
- ALL TIME*
- 7.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIKNX vs. ARSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKNX Fidelity Advisor Small Cap Value Fund Class Z | 25.39% | 8.18% | 8.00% | 17.97% | -12.98% | 38.27% | 11.35% | 20.98% | -13.08% |
ARSMX AMG River Road Small-Mid Cap Value Fund | 10.07% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -12.97% |
Correlation
The correlation between FIKNX and ARSMX 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. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.91 |
The correlation between FIKNX and ARSMX shifts across timeframes, from 0.77 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIKNX vs. ARSMX — Risk / Return Rank
FIKNX
ARSMX
FIKNX vs. ARSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) and AMG River Road Small-Mid Cap Value Fund (ARSMX). 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.
| FIKNX | ARSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.10 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 0.71 | +2.82 |
| Martin ratioReturn relative to average drawdown | 12.61 | 1.64 | +10.97 |
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Drawdowns
FIKNX vs. ARSMX - Drawdown Comparison
The maximum FIKNX drawdown since its inception was -44.09%, smaller than the maximum ARSMX drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for FIKNX and ARSMX.
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Drawdown Indicators
| FIKNX | ARSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.09% | -51.75% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -10.37% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -19.34% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -19.34% | -5.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.96% | — |
Current DrawdownCurrent decline from peak | -2.60% | -1.96% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -8.06% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 4.46% | -1.57% |
Volatility
FIKNX vs. ARSMX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) and AMG River Road Small-Mid Cap Value Fund (ARSMX) have volatilities of 4.15% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKNX | ARSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.08% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 9.15% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 14.37% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 17.70% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 19.51% | +4.97% |
FIKNX vs. ARSMX - Expense Ratio Comparison
FIKNX has a 0.87% expense ratio, which is lower than ARSMX's 1.27% expense ratio.
Dividends
FIKNX vs. ARSMX - Dividend Comparison
FIKNX's dividend yield for the trailing twelve months is around 8.17%, while ARSMX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSMX AMG River Road Small-Mid Cap Value Fund | 0.00% | 0.00% | 9.27% | 3.89% | 4.85% | 5.86% | 0.00% | 3.60% | 8.60% | 15.66% | 8.03% | 17.82% |
FIKNX Fidelity Advisor Small Cap Value Fund Class Z | 8.17% | 10.24% | 4.82% | 5.32% | 5.92% | 8.07% | 0.58% | 3.65% | 8.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIKNX and ARSMX 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.
FIKNX has higher volatility (4.15%) compared to ARSMX (4.08%). In terms of maximum drawdown, FIKNX dropped -44.09% vs ARSMX's -51.75%.
FIKNX currently has the higher Sharpe Ratio (2.05 vs 0.51), 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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