FIMVX vs. FISVX

Last updated Jun 24, 2026

FIMVX (Fidelity Mid Cap Value Index Fund) and FISVX (Fidelity Small Cap Value Index Fund) are both mutual funds - FIMVX is a Mid Cap Value Equities fund managed by Fidelity, while FISVX is a Small Cap Value Equities fund tracking the Russell 2000 Value Index. Over the past 5 years, FIMVX returned 9.52%/yr vs 7.82%/yr for FISVX. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.

Performance

FIMVX vs. FISVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid Cap Value Index Fund (FIMVX) and Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIMVX achieves a 17.15% return, which is significantly lower than FISVX's 21.13% return.

FIMVX

• 1D: 0.67%
• 1M: 3.74%
• YTD: 17.15%
• 6M: 15.81%
• 1Y: 28.30%
• 3Y*: 17.86%
• 5Y*: 9.52%
• 10Y*: —

FISVX

• 1D: 0.47%
• 1M: 3.64%
• YTD: 21.13%
• 6M: 19.07%
• 1Y: 43.06%
• 3Y*: 19.67%
• 5Y*: 7.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIMVX vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIMVX Fidelity Mid Cap Value Index Fund	17.15%	11.01%	13.02%	12.75%	-12.08%	28.21%	4.74%	7.42%
FISVX Fidelity Small Cap Value Index Fund	21.13%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	9.54%

Correlation

The correlation between FIMVX and FISVX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.93

The correlation between FIMVX and FISVX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FIMVX vs. FISVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIMVX

FIMVX Risk / Return Rank: 72
FIMVX Sharpe Ratio Rank: 66
FIMVX Sortino Ratio Rank: 66
FIMVX Omega Ratio Rank: 56
FIMVX Calmar Ratio Rank: 86
FIMVX Martin Ratio Rank: 85

FISVX

FISVX Risk / Return Rank: 83
FISVX Sharpe Ratio Rank: 82
FISVX Sortino Ratio Rank: 79
FISVX Omega Ratio Rank: 68
FISVX Calmar Ratio Rank: 95
FISVX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIMVX vs. FISVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and Fidelity Small Cap Value Index Fund (FISVX). 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.

	FIMVX	FISVX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.48	-0.30
Sortino ratio: Return per unit of downside risk	3.09	3.44	-0.36
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	3.92	5.30	-1.37
Martin ratio: Return relative to average drawdown	14.69	17.98	-3.29

FIMVX vs. FISVX - Sharpe Ratio Comparison

The current FIMVX Sharpe Ratio is 2.18, which is comparable to the FISVX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FIMVX and FISVX, 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

FIMVX vs. FISVX - Drawdown Comparison

The maximum FIMVX drawdown since its inception was -43.61%, roughly equal to the maximum FISVX drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for FIMVX and FISVX.

Drawdown Indicators

	FIMVX	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-44.66%	+1.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-8.54%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-20.40%	-26.50%	+6.10%
Max Drawdown (5Y) Largest decline over 5 years	-21.23%	-26.50%	+5.27%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-6.38%	-10.27%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.51%	-0.50%

Volatility

FIMVX vs. FISVX - Volatility Comparison

The current volatility for Fidelity Mid Cap Value Index Fund (FIMVX) is 4.24%, while Fidelity Small Cap Value Index Fund (FISVX) has a volatility of 5.27%. This indicates that FIMVX experiences smaller price fluctuations and is considered to be less risky than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIMVX	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	5.27%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	12.46%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.55%	18.27%	-4.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	21.70%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.80%	26.69%	-4.89%

FIMVX vs. FISVX - Expense Ratio Comparison

Both FIMVX and FISVX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FIMVX vs. FISVX - Dividend Comparison

FIMVX's dividend yield for the trailing twelve months is around 2.12%, more than FISVX's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FIMVX Fidelity Mid Cap Value Index Fund	2.12%	2.48%	4.44%	1.89%	2.75%	5.62%	1.23%	0.63%
FISVX Fidelity Small Cap Value Index Fund	1.80%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%

Frequently Asked Questions

Can I hold both FIMVX and FISVX in my portfolio?

With a correlation of 0.91, FIMVX and FISVX 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, FIMVX or FISVX?

FISVX has higher volatility (5.27%) compared to FIMVX (4.24%). In terms of maximum drawdown, FIMVX dropped -43.61% vs FISVX's -44.66%.

Which has better risk-adjusted returns?

FISVX currently has the higher Sharpe Ratio (2.48 vs 2.18), 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.