FIKNX vs. RYSEX
FIKNX (Fidelity Advisor Small Cap Value Fund Class Z) and RYSEX (Royce Special Equity Fund) are both Small Cap Value Equities funds. Over the past 5 years, FIKNX returned 10.34%/yr vs 9.15%/yr for RYSEX. Their correlation of 0.88 means they have usually moved in the same direction. FIKNX charges 0.87%/yr vs 1.20%/yr for RYSEX.
Performance
FIKNX vs. RYSEX - Performance Comparison
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Returns By Period
In the year-to-date period, FIKNX achieves a 25.69% return, which is significantly lower than RYSEX's 27.23% return.
FIKNX
- 1D
- 0.32%
- 1M
- -0.91%
- 6M
- 19.82%
- YTD
- 25.69%
- 1Y
- 39.03%
- 3Y*
- 15.38%
- 5Y*
- 10.34%
- 10Y*
- —
- ALL TIME*
- 12.14%
RYSEX
- 1D
- -1.82%
- 1M
- 4.02%
- 6M
- 18.92%
- YTD
- 27.23%
- 1Y
- 42.08%
- 3Y*
- 11.95%
- 5Y*
- 9.15%
- 10Y*
- 9.26%
- ALL TIME*
- 9.42%
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. RYSEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKNX Fidelity Advisor Small Cap Value Fund Class Z | 25.69% | 8.18% | 8.00% | 17.97% | -12.98% | 38.27% | 11.35% | 20.98% | -13.08% |
RYSEX Royce Special Equity Fund | 27.23% | 3.66% | 2.93% | 12.96% | -6.60% | 22.24% | 7.43% | 12.73% | -6.88% |
Correlation
The correlation between FIKNX and RYSEX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.88 |
The correlation between FIKNX and RYSEX shifts across timeframes, from 0.73 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIKNX vs. RYSEX — Risk / Return Rank
FIKNX
RYSEX
FIKNX vs. RYSEX - 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 Royce Special Equity Fund (RYSEX). 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 | RYSEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 4.63 | -1.24 |
| Martin ratioReturn relative to average drawdown | 12.14 | 15.56 | -3.42 |
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Drawdowns
FIKNX vs. RYSEX - Drawdown Comparison
The maximum FIKNX drawdown since its inception was -44.09%, roughly equal to the maximum RYSEX drawdown of -43.25%. Use the drawdown chart below to compare losses from any high point for FIKNX and RYSEX.
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Drawdown Indicators
| FIKNX | RYSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.09% | -43.25% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -8.20% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -23.03% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -23.03% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.13% | — |
Current DrawdownCurrent decline from peak | -2.37% | -2.25% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -6.32% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.45% | +0.44% |
Volatility
FIKNX vs. RYSEX - Volatility Comparison
The current volatility for Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) is 4.21%, while Royce Special Equity Fund (RYSEX) has a volatility of 4.86%. This indicates that FIKNX experiences smaller price fluctuations and is considered to be less risky than RYSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKNX | RYSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.86% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 9.81% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 14.53% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 16.41% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.49% | 17.42% | +7.07% |
FIKNX vs. RYSEX - Expense Ratio Comparison
FIKNX has a 0.87% expense ratio, which is lower than RYSEX's 1.20% expense ratio.
Dividends
FIKNX vs. RYSEX - Dividend Comparison
FIKNX's dividend yield for the trailing twelve months is around 8.15%, less than RYSEX's 9.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKNX Fidelity Advisor Small Cap Value Fund Class Z | 8.15% | 10.24% | 4.82% | 5.32% | 5.92% | 8.07% | 0.58% | 3.65% | 8.42% | 0.00% | 0.00% | 0.00% |
RYSEX Royce Special Equity Fund | 9.71% | 12.36% | 16.35% | 5.32% | 12.34% | 16.53% | 3.70% | 11.56% | 13.11% | 8.24% | 7.72% | 11.68% |
Frequently Asked Questions
FIKNX and RYSEX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYSEX has higher volatility (4.86%) compared to FIKNX (4.21%). In terms of maximum drawdown, FIKNX dropped -44.09% vs RYSEX's -43.25%.
RYSEX currently has the higher Sharpe Ratio (2.62 vs 1.96), 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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