FMPEX vs. FSOAX
FMPEX (Fidelity Advisor Mid Cap Value Fund Class C) and FSOAX (Fidelity Advisor Value Strategies Fund Class A) are both Mid Cap Value Equities funds from Fidelity. Over the past 10 years, FMPEX returned 11.72%/yr vs 10.23%/yr for FSOAX. Their 0.96 correlation means they have historically moved very closely together. FMPEX charges 1.62%/yr vs 1.13%/yr for FSOAX.
Performance
FMPEX vs. FSOAX - Performance Comparison
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Returns By Period
In the year-to-date period, FMPEX achieves a 25.69% return, which is significantly lower than FSOAX's 28.83% return. Over the past 10 years, FMPEX has outperformed FSOAX with an annualized return of 11.72%, while FSOAX has yielded a comparatively lower 10.23% annualized return.
FMPEX
- 1D
- 0.34%
- 1M
- 1.44%
- 6M
- 18.96%
- YTD
- 25.69%
- 1Y
- 40.34%
- 3Y*
- 23.04%
- 5Y*
- 15.16%
- 10Y*
- 11.72%
- ALL TIME*
- 9.02%
FSOAX
- 1D
- -0.07%
- 1M
- 2.04%
- 6M
- 19.02%
- YTD
- 28.83%
- 1Y
- 30.10%
- 3Y*
- 8.41%
- 5Y*
- 7.83%
- 10Y*
- 10.23%
- ALL TIME*
- 8.95%
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 |
FMPEX vs. FSOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMPEX Fidelity Advisor Mid Cap Value Fund Class C | 25.69% | 11.91% | 25.09% | 21.29% | -11.59% | 32.56% | -0.04% | 22.30% | -19.75% | 15.82% |
FSOAX Fidelity Advisor Value Strategies Fund Class A | 28.83% | -2.17% | -3.64% | 20.24% | -7.61% | 32.95% | 7.95% | 34.16% | -17.02% | 17.21% |
Correlation
The correlation between FMPEX and FSOAX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.96 |
The correlation between FMPEX and FSOAX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FMPEX vs. FSOAX — Risk / Return Rank
FMPEX
FSOAX
FMPEX vs. FSOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap Value Fund Class C (FMPEX) and Fidelity Advisor Value Strategies Fund Class A (FSOAX). 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.
| FMPEX | FSOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.32 | +1.22 |
| Martin ratioReturn relative to average drawdown | 13.98 | 8.30 | +5.68 |
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Drawdowns
FMPEX vs. FSOAX - Drawdown Comparison
The maximum FMPEX drawdown since its inception was -62.63%, smaller than the maximum FSOAX drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for FMPEX and FSOAX.
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Drawdown Indicators
| FMPEX | FSOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.63% | -70.02% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -11.56% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -35.33% | +12.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -35.33% | +12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -46.33% | -47.99% | +1.66% |
Current DrawdownCurrent decline from peak | -0.95% | -0.92% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -9.95% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.26% | -0.62% |
Volatility
FMPEX vs. FSOAX - Volatility Comparison
Fidelity Advisor Mid Cap Value Fund Class C (FMPEX) and Fidelity Advisor Value Strategies Fund Class A (FSOAX) have volatilities of 3.34% and 3.26%, 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.
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Volatility by Period
| FMPEX | FSOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.26% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 11.72% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 19.68% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.56% | 21.17% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 22.23% | -0.45% |
FMPEX vs. FSOAX - Expense Ratio Comparison
FMPEX has a 1.62% expense ratio, which is higher than FSOAX's 1.13% expense ratio.
Dividends
FMPEX vs. FSOAX - Dividend Comparison
FMPEX's dividend yield for the trailing twelve months is around 6.06%, while FSOAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMPEX Fidelity Advisor Mid Cap Value Fund Class C | 6.06% | 8.07% | 19.14% | 0.41% | 12.77% | 0.40% | 1.15% | 0.94% | 14.04% | 8.36% | 0.47% | 4.49% |
FSOAX Fidelity Advisor Value Strategies Fund Class A | 0.00% | 0.00% | 0.00% | 2.90% | 2.43% | 8.70% | 0.82% | 5.59% | 17.03% | 7.64% | 22.64% | 1.10% |
Frequently Asked Questions
With a correlation of 0.97, FMPEX and FSOAX 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.
FMPEX has higher volatility (3.34%) compared to FSOAX (3.26%). In terms of maximum drawdown, FMPEX dropped -62.63% vs FSOAX's -70.02%.
FMPEX currently has the higher Sharpe Ratio (2.23 vs 1.36), 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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