FIMVX vs. IWS
FIMVX (Fidelity Mid Cap Value Index Fund) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds. Over the past 5 years, FIMVX returned 9.87%/yr vs 9.34%/yr for IWS. With a 1.00 correlation, they move nearly in lockstep. FIMVX charges 0.05%/yr vs 0.23%/yr for IWS.
Performance
FIMVX vs. IWS - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FIMVX having a 16.37% return and IWS slightly higher at 17.05%.
FIMVX
- 1D
- 1.00%
- 1M
- 3.04%
- YTD
- 16.37%
- 6M
- 14.69%
- 1Y
- 28.52%
- 3Y*
- 16.57%
- 5Y*
- 9.87%
- 10Y*
- —
IWS
- 1D
- 0.69%
- 1M
- 3.76%
- YTD
- 17.05%
- 6M
- 15.46%
- 1Y
- 29.21%
- 3Y*
- 17.66%
- 5Y*
- 9.34%
- 10Y*
- 10.68%
FIMVX vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 16.37% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
IWS iShares Russell Mid-Cap Value ETF | 17.05% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 6.55% |
Correlation
The correlation between FIMVX and IWS is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 1.00 |
The correlation between FIMVX and IWS has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIMVX vs. IWS — Risk / Return Rank
FIMVX
IWS
FIMVX vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and iShares Russell Mid-Cap Value ETF (IWS). 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 | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.90 | -0.05 |
| Martin ratioReturn relative to average drawdown | 14.40 | 14.62 | -0.23 |
Loading charts...
Drawdowns
FIMVX vs. IWS - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FIMVX and IWS.
Loading charts...
Drawdown Indicators
| FIMVX | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -62.40% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -7.53% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -20.57% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -21.23% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.83% | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.16% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -8.00% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.00% | +0.01% |
Volatility
FIMVX vs. IWS - Volatility Comparison
Fidelity Mid Cap Value Index Fund (FIMVX) and iShares Russell Mid-Cap Value ETF (IWS) have volatilities of 4.34% and 4.18%, 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.
Loading charts...
Volatility by Period
| FIMVX | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.18% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 10.04% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 13.55% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 17.32% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 19.39% | +2.42% |
FIMVX vs. IWS - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is lower than IWS's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FIMVX vs. IWS - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 2.13%, more than IWS's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.13% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
IWS iShares Russell Mid-Cap Value ETF | 1.33% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
With a correlation of 1.00, FIMVX and IWS 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.
FIMVX has higher volatility (4.34%) compared to IWS (4.18%). In terms of maximum drawdown, FIMVX dropped -43.61% vs IWS's -62.40%.
IWS currently has the higher Sharpe Ratio (2.17 vs 2.14), 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.
Find the right allocation for FIMVX and IWS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer