FMPAX vs. FIIAX
Compare and contrast key facts about Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) and Fidelity Advisor Mid Cap II Fund Class A (FIIAX).
FMPAX is managed by Fidelity. It was launched on Feb 13, 2007. FIIAX is managed by Fidelity. It was launched on Aug 12, 2004.
Performance
FMPAX vs. FIIAX - Performance Comparison
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FMPAX vs. FIIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 4.28% | 12.75% | 14.22% | 22.18% | -10.89% | 33.60% | 0.68% | 23.19% | -19.16% | 16.73% |
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 6.23% | 7.21% | 16.96% | 14.68% | -15.04% | 24.94% | 18.34% | 23.32% | -15.21% | 20.32% |
Returns By Period
In the year-to-date period, FMPAX achieves a 4.28% return, which is significantly lower than FIIAX's 6.23% return. Over the past 10 years, FMPAX has underperformed FIIAX with an annualized return of 9.74%, while FIIAX has yielded a comparatively higher 10.85% annualized return.
FMPAX
- 1D
- 0.81%
- 1M
- -4.22%
- YTD
- 4.28%
- 6M
- 8.63%
- 1Y
- 20.94%
- 3Y*
- 17.21%
- 5Y*
- 10.45%
- 10Y*
- 9.74%
FIIAX
- 1D
- 1.27%
- 1M
- -3.07%
- YTD
- 6.23%
- 6M
- 10.45%
- 1Y
- 24.66%
- 3Y*
- 13.95%
- 5Y*
- 7.62%
- 10Y*
- 10.85%
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FMPAX vs. FIIAX - Expense Ratio Comparison
FMPAX has a 0.86% expense ratio, which is lower than FIIAX's 1.00% expense ratio.
Return for Risk
FMPAX vs. FIIAX — Risk / Return Rank
FMPAX
FIIAX
FMPAX vs. FIIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) and Fidelity Advisor Mid Cap II Fund Class A (FIIAX). 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.
| FMPAX | FIIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.21 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.73 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.84 | -0.25 |
Martin ratioReturn relative to average drawdown | 6.40 | 8.06 | -1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMPAX | FIIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.21 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.38 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.52 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.50 | -0.13 |
Correlation
The correlation between FMPAX and FIIAX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMPAX vs. FIIAX - Dividend Comparison
FMPAX's dividend yield for the trailing twelve months is around 7.50%, more than FIIAX's 6.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 7.50% | 8.24% | 10.38% | 0.96% | 13.09% | 1.08% | 1.78% | 1.61% | 14.62% | 8.77% | 1.11% | 4.99% |
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 6.65% | 6.21% | 6.89% | 2.59% | 5.68% | 18.94% | 1.12% | 3.21% | 10.53% | 7.60% | 8.69% | 4.74% |
Drawdowns
FMPAX vs. FIIAX - Drawdown Comparison
The maximum FMPAX drawdown since its inception was -63.15%, which is greater than FIIAX's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FMPAX and FIIAX.
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Drawdown Indicators
| FMPAX | FIIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.15% | -53.35% | -9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -9.83% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | -28.25% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | -42.33% | -3.14% |
Current DrawdownCurrent decline from peak | -6.97% | -5.38% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -9.80% | -8.26% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 3.40% | +0.26% |
Volatility
FMPAX vs. FIIAX - Volatility Comparison
The current volatility for Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) is 6.46%, while Fidelity Advisor Mid Cap II Fund Class A (FIIAX) has a volatility of 8.42%. This indicates that FMPAX experiences smaller price fluctuations and is considered to be less risky than FIIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMPAX | FIIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 8.42% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 13.96% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 22.34% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 20.29% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 20.97% | +0.08% |