FMPEX vs. HAMVX

Last updated Aug 1, 2026

FMPEX (Fidelity Advisor Mid Cap Value Fund Class C) and HAMVX (Harbor Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FMPEX returned 11.72%/yr vs 10.88%/yr for HAMVX. Their 0.96 correlation means they have historically moved very closely together. FMPEX charges 1.62%/yr vs 0.85%/yr for HAMVX.

Performance

FMPEX vs. HAMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mid Cap Value Fund Class C (FMPEX) and Harbor Mid Cap Value Fund (HAMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMPEX achieves a 25.69% return, which is significantly higher than HAMVX's 24.15% return. Over the past 10 years, FMPEX has outperformed HAMVX with an annualized return of 11.72%, while HAMVX has yielded a comparatively lower 10.88% 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%

HAMVX

• 1D: -0.20%
• 1M: 3.58%
• 6M: 18.01%
• YTD: 24.15%
• 1Y: 41.11%
• 3Y*: 19.07%
• 5Y*: 13.22%
• 10Y*: 10.88%
• ALL TIME*: 8.92%

*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)
FMPEX Fidelity Advisor Mid Cap Value Fund Class C	$0.00	$0.00	$0.00
HAMVX Harbor Mid Cap Value Fund	$0.00	$0.00	$0.00

FMPEX vs. HAMVX - 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%
HAMVX Harbor Mid Cap Value Fund	24.15%	16.00%	12.10%	16.42%	-5.63%	29.93%	-3.77%	22.93%	-17.82%	12.01%

Correlation

The correlation between FMPEX and HAMVX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
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 HAMVX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

FMPEX vs. HAMVX — Risk / Return Rank

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

FMPEX

FMPEX Risk / Return Rank: 88
FMPEX Sharpe Ratio Rank: 89
FMPEX Sortino Ratio Rank: 87
FMPEX Omega Ratio Rank: 81
FMPEX Calmar Ratio Rank: 91
FMPEX Martin Ratio Rank: 93

HAMVX

HAMVX Risk / Return Rank: 96
HAMVX Sharpe Ratio Rank: 98
HAMVX Sortino Ratio Rank: 97
HAMVX Omega Ratio Rank: 93
HAMVX Calmar Ratio Rank: 98
HAMVX Martin Ratio Rank: 98

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.

FMPEX vs. HAMVX - 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 Harbor Mid Cap Value Fund (HAMVX). 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	HAMVX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.98	-0.76
Sortino ratio: Return per unit of downside risk	3.19	4.34	-1.16
Omega ratio: Gain probability vs. loss probability	1.39	1.53	-0.15
Calmar ratio: Return relative to maximum drawdown	3.54	5.68	-2.13
Martin ratio: Return relative to average drawdown	13.98	21.30	-7.32

FMPEX vs. HAMVX - Sharpe Ratio Comparison

The current FMPEX Sharpe Ratio is 2.23, which is comparable to the HAMVX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of FMPEX and HAMVX, 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

FMPEX vs. HAMVX - Drawdown Comparison

The maximum FMPEX drawdown since its inception was -62.63%, roughly equal to the maximum HAMVX drawdown of -64.17%. Use the drawdown chart below to compare losses from any high point for FMPEX and HAMVX.

Drawdown Indicators

	FMPEX	HAMVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.63%	-64.17%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-6.84%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-22.47%	-21.04%	-1.43%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-21.04%	-1.43%
Max Drawdown (10Y) Largest decline over 10 years	-46.33%	-51.44%	+5.11%
Current Drawdown Current decline from peak	-0.95%	-0.93%	-0.02%
Average Drawdown Average peak-to-trough decline	-9.77%	-9.92%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	1.82%	+0.82%

Volatility

FMPEX vs. HAMVX - Volatility Comparison

Fidelity Advisor Mid Cap Value Fund Class C (FMPEX) has a higher volatility of 3.34% compared to Harbor Mid Cap Value Fund (HAMVX) at 2.94%. This indicates that FMPEX's price experiences larger fluctuations and is considered to be riskier than HAMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMPEX	HAMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.94%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	8.88%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	13.06%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	18.60%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	21.80%	-0.02%

FMPEX vs. HAMVX - Expense Ratio Comparison

FMPEX has a 1.62% expense ratio, which is higher than HAMVX's 0.85% expense ratio.

Dividends

FMPEX vs. HAMVX - Dividend Comparison

FMPEX's dividend yield for the trailing twelve months is around 6.06%, less than HAMVX's 6.98% yield.

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%
HAMVX Harbor Mid Cap Value Fund	6.98%	8.67%	5.77%	7.20%	8.24%	1.27%	2.35%	3.10%	8.41%	3.84%	3.06%	3.30%

Frequently Asked Questions

Can I hold both FMPEX and HAMVX in my portfolio?

FMPEX and HAMVX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMPEX or HAMVX?

FMPEX has higher volatility (3.34%) compared to HAMVX (2.94%). In terms of maximum drawdown, FMPEX dropped -62.63% vs HAMVX's -64.17%.

Which has better risk-adjusted returns?

HAMVX currently has the higher Sharpe Ratio (2.98 vs 2.23), 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.