Correlation
The correlation between FMPAX and FIIAX is 0.89, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMPAX or FIIAX.
Performance
FMPAX vs. FIIAX - Performance Comparison
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Key characteristics
FMPAX:
0.15
FIIAX:
0.11
FMPAX:
0.33
FIIAX:
0.30
FMPAX:
1.04
FIIAX:
1.04
FMPAX:
0.11
FIIAX:
0.09
FMPAX:
0.33
FIIAX:
0.28
FMPAX:
7.85%
FIIAX:
8.16%
FMPAX:
21.89%
FIIAX:
23.02%
FMPAX:
-63.11%
FIIAX:
-53.03%
FMPAX:
-10.78%
FIIAX:
-10.42%
Returns By Period
The year-to-date returns for both investments are quite close, with FMPAX having a -2.96% return and FIIAX slightly higher at -2.87%. Over the past 10 years, FMPAX has underperformed FIIAX with an annualized return of 6.70%, while FIIAX has yielded a comparatively higher 7.79% annualized return.
FMPAX
-2.96%
5.08%
-10.37%
2.02%
8.36%
15.18%
6.70%
FIIAX
-2.87%
6.09%
-10.22%
1.77%
8.39%
13.83%
7.79%
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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.
Risk-Adjusted Performance
FMPAX vs. FIIAX — Risk-Adjusted Performance Rank
FMPAX
FIIAX
FMPAX vs. FIIAX - Risk-Adjusted Performance 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.
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Dividends
FMPAX vs. FIIAX - Dividend Comparison
FMPAX's dividend yield for the trailing twelve months is around 14.42%, more than FIIAX's 9.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 14.42% | 10.38% | 0.96% | 13.09% | 1.08% | 1.78% | 1.61% | 14.62% | 8.77% | 1.11% | 4.99% | 6.44% |
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 9.44% | 6.89% | 2.59% | 5.68% | 18.93% | 1.12% | 3.21% | 10.53% | 7.60% | 4.71% | 4.74% | 16.25% |
Drawdowns
FMPAX vs. FIIAX - Drawdown Comparison
The maximum FMPAX drawdown since its inception was -63.11%, which is greater than FIIAX's maximum drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for FMPAX and FIIAX.
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Volatility
FMPAX vs. FIIAX - Volatility Comparison
Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) has a higher volatility of 6.19% compared to Fidelity Advisor Mid Cap II Fund Class A (FIIAX) at 5.70%. This indicates that FMPAX's price experiences larger fluctuations and is considered to be riskier than FIIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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