FIMVX vs. MCMVX
FIMVX (Fidelity Mid Cap Value Index Fund) and MCMVX (Monongahela All Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 5 years, FIMVX returned 9.63%/yr vs 9.95%/yr for MCMVX. Their correlation of 0.94 means they have usually moved in the same direction. FIMVX charges 0.05%/yr vs 0.85%/yr for MCMVX.
Performance
FIMVX vs. MCMVX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FIMVX having a 19.26% return and MCMVX slightly lower at 19.08%.
FIMVX
- 1D
- -0.31%
- 1M
- 0.57%
- 6M
- 13.62%
- YTD
- 19.26%
- 1Y
- 27.78%
- 3Y*
- 15.50%
- 5Y*
- 9.63%
- 10Y*
- —
- ALL TIME*
- 11.41%
MCMVX
- 1D
- 0.95%
- 1M
- -0.45%
- 6M
- 10.98%
- YTD
- 19.08%
- 1Y
- 27.61%
- 3Y*
- 16.24%
- 5Y*
- 9.95%
- 10Y*
- 12.86%
- ALL TIME*
- 11.67%
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 |
FIMVX vs. MCMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 19.26% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
MCMVX Monongahela All Cap Value Fund | 19.08% | 9.74% | 15.38% | 12.18% | -7.73% | 22.57% | 13.24% | 8.85% |
Correlation
The correlation between FIMVX and MCMVX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.94 |
The correlation between FIMVX and MCMVX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
FIMVX vs. MCMVX — Risk / Return Rank
FIMVX
MCMVX
FIMVX vs. MCMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and Monongahela All Cap Value Fund (MCMVX). 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 | MCMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 3.06 | +0.43 |
| Martin ratioReturn relative to average drawdown | 13.42 | 10.89 | +2.53 |
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Drawdowns
FIMVX vs. MCMVX - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, which is greater than MCMVX's maximum drawdown of -36.75%. Use the drawdown chart below to compare losses from any high point for FIMVX and MCMVX.
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Drawdown Indicators
| FIMVX | MCMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -36.75% | -6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -8.56% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -21.06% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -21.06% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.75% | — |
Current DrawdownCurrent decline from peak | -1.46% | -1.45% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.05% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.40% | -0.44% |
Volatility
FIMVX vs. MCMVX - Volatility Comparison
The current volatility for Fidelity Mid Cap Value Index Fund (FIMVX) is 2.95%, while Monongahela All Cap Value Fund (MCMVX) has a volatility of 3.25%. This indicates that FIMVX experiences smaller price fluctuations and is considered to be less risky than MCMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIMVX | MCMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.25% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 11.01% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 14.58% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 16.72% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 17.99% | +3.68% |
FIMVX vs. MCMVX - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is lower than MCMVX's 0.85% expense ratio.
Dividends
FIMVX vs. MCMVX - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 2.08%, less than MCMVX's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.08% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
MCMVX Monongahela All Cap Value Fund | 5.47% | 6.51% | 5.41% | 3.23% | 4.79% | 7.61% | 1.25% | 3.09% | 6.87% | 10.44% | 2.13% | 1.75% |
Frequently Asked Questions
FIMVX and MCMVX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCMVX has higher volatility (3.25%) compared to FIMVX (2.95%). In terms of maximum drawdown, FIMVX dropped -43.61% vs MCMVX's -36.75%.
FIMVX currently has the higher Sharpe Ratio (1.96 vs 1.80), 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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