FIKNX vs. VSIIX

Last updated Aug 1, 2026

FIKNX (Fidelity Advisor Small Cap Value Fund Class Z) and VSIIX (Vanguard Small-Cap Value Index Fund Institutional Shares) are both Small Cap Value Equities funds. Over the past 5 years, FIKNX returned 10.34%/yr vs 9.79%/yr for VSIIX. Their 0.97 correlation means they have historically moved very closely together. FIKNX charges 0.87%/yr vs 0.06%/yr for VSIIX.

Performance

FIKNX vs. VSIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) and Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKNX achieves a 25.69% return, which is significantly higher than VSIIX's 16.88% 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%

VSIIX

• 1D: 0.00%
• 1M: 0.75%
• 6M: 10.97%
• YTD: 16.88%
• 1Y: 27.91%
• 3Y*: 14.39%
• 5Y*: 9.79%
• 10Y*: 10.65%
• ALL TIME*: 10.11%

*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)
FIKNX Fidelity Advisor Small Cap Value Fund Class Z	$0.00	$0.00	$0.00
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares	$0.00	$0.00	$0.00

FIKNX vs. VSIIX - 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%
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares	16.88%	9.10%	11.37%	17.06%	-9.31%	28.12%	5.81%	22.81%	-13.43%

Correlation

The correlation between FIKNX and VSIIX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.97

The correlation between FIKNX and VSIIX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

FIKNX vs. VSIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIKNX

FIKNX Risk / Return Rank: 84
FIKNX Sharpe Ratio Rank: 81
FIKNX Sortino Ratio Rank: 82
FIKNX Omega Ratio Rank: 76
FIKNX Calmar Ratio Rank: 90
FIKNX Martin Ratio Rank: 89

VSIIX

VSIIX Risk / Return Rank: 77
VSIIX Sharpe Ratio Rank: 73
VSIIX Sortino Ratio Rank: 75
VSIIX Omega Ratio Rank: 69
VSIIX Calmar Ratio Rank: 84
VSIIX Martin Ratio Rank: 84

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.

FIKNX vs. VSIIX - 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 Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX). 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	VSIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.67	+0.29
Sortino ratio: Return per unit of downside risk	2.93	2.49	+0.44
Omega ratio: Gain probability vs. loss probability	1.34	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	3.39	2.81	+0.58
Martin ratio: Return relative to average drawdown	12.14	10.31	+1.82

FIKNX vs. VSIIX - Sharpe Ratio Comparison

The current FIKNX Sharpe Ratio is 1.96, which is comparable to the VSIIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of FIKNX and VSIIX, 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

FIKNX vs. VSIIX - Drawdown Comparison

The maximum FIKNX drawdown since its inception was -44.09%, smaller than the maximum VSIIX drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for FIKNX and VSIIX.

Drawdown Indicators

	FIKNX	VSIIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.09%	-62.05%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-8.87%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-24.87%	-24.09%	-0.78%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-24.09%	-0.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.38%	—
Current Drawdown Current decline from peak	-2.37%	-1.23%	-1.14%
Average Drawdown Average peak-to-trough decline	-7.53%	-8.47%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.42%	+0.47%

Volatility

FIKNX vs. VSIIX - Volatility Comparison

Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) has a higher volatility of 4.21% compared to Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) at 3.32%. This indicates that FIKNX's price experiences larger fluctuations and is considered to be riskier than VSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKNX	VSIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	3.32%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	10.26%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.93%	14.95%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.87%	19.57%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	21.75%	+2.74%

FIKNX vs. VSIIX - Expense Ratio Comparison

FIKNX has a 0.87% expense ratio, which is higher than VSIIX's 0.06% expense ratio.

Dividends

FIKNX vs. VSIIX - Dividend Comparison

FIKNX's dividend yield for the trailing twelve months is around 8.15%, more than VSIIX's 1.77% 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%
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares	1.77%	1.96%	1.99%	2.10%	2.04%	1.76%	1.69%	2.07%	2.36%	1.80%	1.77%	1.99%

Frequently Asked Questions

Can I hold both FIKNX and VSIIX in my portfolio?

With a correlation of 0.92, FIKNX and VSIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIKNX or VSIIX?

FIKNX has higher volatility (4.21%) compared to VSIIX (3.32%). In terms of maximum drawdown, FIKNX dropped -44.09% vs VSIIX's -62.05%.

Which has better risk-adjusted returns?

FIKNX currently has the higher Sharpe Ratio (1.96 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.