FLCGX vs. FVCSX

Last updated Jun 26, 2026

FLCGX (Meeder Quantex Fund) and FVCSX (Fidelity Advisor Value Strategies Fund Class C) are both Mid Cap Value Equities funds. Over the past 10 years, FLCGX returned 10.71%/yr vs 10.36%/yr for FVCSX. A 0.80 correlation means they provide meaningful diversification when combined. FLCGX charges 1.62%/yr vs 1.92%/yr for FVCSX.

Performance

FLCGX vs. FVCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meeder Quantex Fund (FLCGX) and Fidelity Advisor Value Strategies Fund Class C (FVCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCGX achieves a 5.65% return, which is significantly lower than FVCSX's 23.06% return. Both investments have delivered pretty close results over the past 10 years, with FLCGX having a 10.71% annualized return and FVCSX not far behind at 10.36%.

FLCGX

• 1D: -0.15%
• 1M: -2.14%
• YTD: 5.65%
• 6M: 4.55%
• 1Y: 18.71%
• 3Y*: 23.91%
• 5Y*: 11.25%
• 10Y*: 10.71%

FVCSX

• 1D: 0.76%
• 1M: 2.72%
• YTD: 23.06%
• 6M: 21.26%
• 1Y: 38.53%
• 3Y*: 12.84%
• 5Y*: 7.27%
• 10Y*: 10.36%

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

FLCGX vs. FVCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCGX Meeder Quantex Fund	5.65%	19.10%	36.38%	14.81%	-13.77%	27.27%	-5.36%	18.48%	-12.35%	13.42%
FVCSX Fidelity Advisor Value Strategies Fund Class C	23.06%	7.23%	-6.69%	19.32%	-8.35%	31.94%	7.10%	33.09%	-17.58%	16.92%

Correlation

The correlation between FLCGX and FVCSX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993	0.80

The correlation between FLCGX and FVCSX shifts across timeframes, from 0.71 (1 year) to 0.89 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FLCGX vs. FVCSX — Risk / Return Rank

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

FLCGX

FLCGX Risk / Return Rank: 39
FLCGX Sharpe Ratio Rank: 36
FLCGX Sortino Ratio Rank: 34
FLCGX Omega Ratio Rank: 35
FLCGX Calmar Ratio Rank: 41
FLCGX Martin Ratio Rank: 49

FVCSX

FVCSX Risk / Return Rank: 80
FVCSX Sharpe Ratio Rank: 78
FVCSX Sortino Ratio Rank: 78
FVCSX Omega Ratio Rank: 68
FVCSX Calmar Ratio Rank: 89
FVCSX Martin Ratio Rank: 88

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.

FLCGX vs. FVCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meeder Quantex Fund (FLCGX) and Fidelity Advisor Value Strategies Fund Class C (FVCSX). 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.

	FLCGX	FVCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.16	-0.73
Sortino ratio: Return per unit of downside risk	2.00	3.08	-1.08
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.10	3.79	-1.68
Martin ratio: Return relative to average drawdown	8.68	13.92	-5.24

FLCGX vs. FVCSX - Sharpe Ratio Comparison

The current FLCGX Sharpe Ratio is 1.43, which is lower than the FVCSX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FLCGX and FVCSX, 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

FLCGX vs. FVCSX - Drawdown Comparison

The maximum FLCGX drawdown since its inception was -66.94%, roughly equal to the maximum FVCSX drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for FLCGX and FVCSX.

Drawdown Indicators

	FLCGX	FVCSX	Difference
Max Drawdown Largest peak-to-trough decline	-66.94%	-70.38%	+3.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-9.89%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	-17.47%	-37.07%	+19.60%
Max Drawdown (5Y) Largest decline over 5 years	-32.83%	-37.07%	+4.24%
Max Drawdown (10Y) Largest decline over 10 years	-50.45%	-48.07%	-2.38%
Current Drawdown Current decline from peak	-3.39%	-0.83%	-2.56%
Average Drawdown Average peak-to-trough decline	-12.86%	-11.17%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.69%	-0.55%

Volatility

FLCGX vs. FVCSX - Volatility Comparison

Meeder Quantex Fund (FLCGX) and Fidelity Advisor Value Strategies Fund Class C (FVCSX) have volatilities of 5.34% and 5.14%, 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.

Volatility by Period

	FLCGX	FVCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	5.14%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	12.37%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	17.36%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	21.07%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	22.18%	+1.26%

FLCGX vs. FVCSX - Expense Ratio Comparison

FLCGX has a 1.62% expense ratio, which is lower than FVCSX's 1.92% expense ratio.

Dividends

FLCGX vs. FVCSX - Dividend Comparison

FLCGX's dividend yield for the trailing twelve months is around 7.98%, less than FVCSX's 10.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCGX Meeder Quantex Fund	7.98%	8.48%	39.58%	1.17%	2.73%	16.70%	0.53%	0.67%	0.00%	2.92%	2.00%	17.06%
FVCSX Fidelity Advisor Value Strategies Fund Class C	10.63%	13.08%	0.00%	2.96%	2.23%	9.80%	0.33%	5.50%	18.83%	8.78%	25.66%	0.43%

Frequently Asked Questions

Can I hold both FLCGX and FVCSX in my portfolio?

FLCGX and FVCSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCGX or FVCSX?

FLCGX has higher volatility (5.34%) compared to FVCSX (5.14%). In terms of maximum drawdown, FLCGX dropped -66.94% vs FVCSX's -70.38%.

Which has better risk-adjusted returns?

FVCSX currently has the higher Sharpe Ratio (2.16 vs 1.43), 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.