FIMVX vs. DHPAX
Compare and contrast key facts about Fidelity Mid Cap Value Index Fund (FIMVX) and Diamond Hill Mid Cap Fund (DHPAX).
FIMVX is managed by Fidelity. It was launched on Jul 11, 2019. DHPAX is managed by Diamond Hill. It was launched on Dec 31, 2013.
Performance
FIMVX vs. DHPAX - Performance Comparison
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FIMVX vs. DHPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 3.68% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
DHPAX Diamond Hill Mid Cap Fund | -2.69% | 12.95% | 10.48% | 9.19% | -13.67% | 30.87% | -2.01% | 7.25% |
Returns By Period
In the year-to-date period, FIMVX achieves a 3.68% return, which is significantly higher than DHPAX's -2.69% return.
FIMVX
- 1D
- 2.39%
- 1M
- -5.32%
- YTD
- 3.68%
- 6M
- 5.09%
- 1Y
- 17.33%
- 3Y*
- 13.12%
- 5Y*
- 7.65%
- 10Y*
- —
DHPAX
- 1D
- 2.44%
- 1M
- -7.82%
- YTD
- -2.69%
- 6M
- 0.23%
- 1Y
- 10.90%
- 3Y*
- 10.61%
- 5Y*
- 5.47%
- 10Y*
- 7.57%
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FIMVX vs. DHPAX - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is lower than DHPAX's 1.07% expense ratio.
Return for Risk
FIMVX vs. DHPAX — Risk / Return Rank
FIMVX
DHPAX
FIMVX vs. DHPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and Diamond Hill Mid Cap Fund (DHPAX). 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.
| FIMVX | DHPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.60 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.99 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.00 | +0.38 |
Martin ratioReturn relative to average drawdown | 6.36 | 3.82 | +2.54 |
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
| FIMVX | DHPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.60 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.29 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.36 | +0.08 |
Correlation
The correlation between FIMVX and DHPAX is 0.96, 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
FIMVX vs. DHPAX - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 2.39%, less than DHPAX's 18.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.39% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
DHPAX Diamond Hill Mid Cap Fund | 18.58% | 18.08% | 8.84% | 2.20% | 4.96% | 0.30% | 0.53% | 1.79% | 2.84% | 1.49% | 0.63% | 0.35% |
Drawdowns
FIMVX vs. DHPAX - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, smaller than the maximum DHPAX drawdown of -46.59%. Use the drawdown chart below to compare losses from any high point for FIMVX and DHPAX.
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Drawdown Indicators
| FIMVX | DHPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -46.59% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.34% | -12.13% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -24.02% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.59% | — |
Current DrawdownCurrent decline from peak | -5.32% | -7.82% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -5.89% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.17% | -0.28% |
Volatility
FIMVX vs. DHPAX - Volatility Comparison
Fidelity Mid Cap Value Index Fund (FIMVX) and Diamond Hill Mid Cap Fund (DHPAX) have volatilities of 5.33% and 5.28%, 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
| FIMVX | DHPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.28% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 10.36% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 18.37% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 18.71% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.03% | 20.80% | +1.23% |