FIMVX vs. PESPX

Last updated Aug 4, 2026

FIMVX (Fidelity Mid Cap Value Index Fund) and PESPX (BNY Mellon MidCap Index Fund) are both mutual funds - FIMVX is a Mid Cap Value Equities fund managed by Fidelity, while PESPX is a Mid Cap Blend Equities fund managed by BNY Mellon. Over the past 5 years, FIMVX returned 9.63%/yr vs 7.41%/yr for PESPX. Their 0.96 correlation means they have historically moved very closely together. FIMVX charges 0.05%/yr vs 0.50%/yr for PESPX.

Performance

FIMVX vs. PESPX - Performance Comparison

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

Returns By Period

In the year-to-date period, FIMVX achieves a 19.26% return, which is significantly higher than PESPX's 14.20% return.

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%

PESPX

• 1D: -0.13%
• 1M: -1.09%
• 6M: 8.83%
• YTD: 14.20%
• 1Y: 22.08%
• 3Y*: 11.61%
• 5Y*: 7.41%
• 10Y*: 10.68%
• ALL TIME*: 6.79%

*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)
FIMVX Fidelity Mid Cap Value Index Fund	$0.00	$0.00	$0.00
PESPX BNY Mellon MidCap Index Fund	$0.00	$0.00	$0.00

FIMVX vs. PESPX - 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%
PESPX BNY Mellon MidCap Index Fund	14.20%	6.90%	11.88%	14.75%	-13.67%	24.34%	13.30%	19.22%

Correlation

The correlation between FIMVX and PESPX 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.	0.96
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.96

The correlation between FIMVX and PESPX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FIMVX vs. PESPX — Risk / Return Rank

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

FIMVX

FIMVX Risk / Return Rank: 83
FIMVX Sharpe Ratio Rank: 80
FIMVX Sortino Ratio Rank: 80
FIMVX Omega Ratio Rank: 75
FIMVX Calmar Ratio Rank: 90
FIMVX Martin Ratio Rank: 91

PESPX

PESPX Risk / Return Rank: 49
PESPX Sharpe Ratio Rank: 40
PESPX Sortino Ratio Rank: 43
PESPX Omega Ratio Rank: 38
PESPX Calmar Ratio Rank: 64
PESPX Martin Ratio Rank: 59

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.

FIMVX vs. PESPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and BNY Mellon MidCap Index Fund (PESPX). 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	PESPX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.31	+0.65
Sortino ratio: Return per unit of downside risk	2.83	1.95	+0.87
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.11
Calmar ratio: Return relative to maximum drawdown	3.49	2.30	+1.19
Martin ratio: Return relative to average drawdown	13.42	8.32	+5.10

FIMVX vs. PESPX - Sharpe Ratio Comparison

The current FIMVX Sharpe Ratio is 1.96, which is higher than the PESPX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FIMVX and PESPX, 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. PESPX - Drawdown Comparison

The maximum FIMVX drawdown since its inception was -43.61%, smaller than the maximum PESPX drawdown of -61.56%. Use the drawdown chart below to compare losses from any high point for FIMVX and PESPX.

Drawdown Indicators

	FIMVX	PESPX	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-61.56%	+17.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-8.86%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-20.40%	-25.18%	+4.78%
Max Drawdown (5Y) Largest decline over 5 years	-21.23%	-25.18%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.09%	—
Current Drawdown Current decline from peak	-1.46%	-2.38%	+0.92%
Average Drawdown Average peak-to-trough decline	-6.29%	-10.30%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.45%	-0.49%

Volatility

FIMVX vs. PESPX - Volatility Comparison

The current volatility for Fidelity Mid Cap Value Index Fund (FIMVX) is 2.95%, while BNY Mellon MidCap Index Fund (PESPX) has a volatility of 3.36%. This indicates that FIMVX experiences smaller price fluctuations and is considered to be less risky than PESPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIMVX	PESPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.36%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	11.57%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	15.66%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	19.59%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	21.54%	+0.13%

FIMVX vs. PESPX - Expense Ratio Comparison

FIMVX has a 0.05% expense ratio, which is lower than PESPX's 0.50% expense ratio.

Dividends

FIMVX vs. PESPX - Dividend Comparison

FIMVX's dividend yield for the trailing twelve months is around 2.08%, less than PESPX's 10.72% 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%
PESPX BNY Mellon MidCap Index Fund	10.72%	12.24%	11.73%	8.19%	16.04%	15.10%	11.21%	21.60%	14.61%	9.22%	1.09%	1.34%

Frequently Asked Questions

Can I hold both FIMVX and PESPX in my portfolio?

With a correlation of 0.92, FIMVX and PESPX 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 PESPX?

PESPX has higher volatility (3.36%) compared to FIMVX (2.95%). In terms of maximum drawdown, FIMVX dropped -43.61% vs PESPX's -61.56%.

Which has better risk-adjusted returns?

FIMVX currently has the higher Sharpe Ratio (1.96 vs 1.31), 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.