FSLSX vs. VLIFX
FSLSX (Fidelity Value Strategies Fund) and VLIFX (Value Line Mid Cap Focused Fund) are both mutual funds - FSLSX is a Mid Cap Value Equities fund managed by Fidelity, while VLIFX is a Mid Cap Growth Equities fund managed by Value Line. Over the past 10 years, FSLSX returned 12.23%/yr vs 11.52%/yr for VLIFX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FSLSX charges 0.86%/yr vs 1.07%/yr for VLIFX.
Performance
FSLSX vs. VLIFX - Performance Comparison
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Returns By Period
In the year-to-date period, FSLSX achieves a 28.77% return, which is significantly higher than VLIFX's -0.15% return. Over the past 10 years, FSLSX has outperformed VLIFX with an annualized return of 12.23%, while VLIFX has yielded a comparatively lower 11.52% annualized return.
FSLSX
- 1D
- -0.21%
- 1M
- 1.85%
- 6M
- 17.27%
- YTD
- 28.77%
- 1Y
- 32.99%
- 3Y*
- 14.00%
- 5Y*
- 11.23%
- 10Y*
- 12.23%
- ALL TIME*
- 10.88%
VLIFX
- 1D
- 0.50%
- 1M
- -2.11%
- 6M
- -1.71%
- YTD
- -0.15%
- 1Y
- -1.29%
- 3Y*
- 5.52%
- 5Y*
- 5.13%
- 10Y*
- 11.52%
- ALL TIME*
- 7.37%
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 |
FSLSX vs. VLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 28.77% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 17.49% |
VLIFX Value Line Mid Cap Focused Fund | -0.15% | 0.79% | 7.59% | 22.11% | -9.60% | 19.76% | 19.96% | 35.30% | 4.65% | 19.85% |
Correlation
The correlation between FSLSX and VLIFX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1983 | 0.77 |
The correlation between FSLSX and VLIFX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
FSLSX vs. VLIFX — Risk / Return Rank
FSLSX
VLIFX
FSLSX vs. VLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Strategies Fund (FSLSX) and Value Line Mid Cap Focused Fund (VLIFX). 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.
| FSLSX | VLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | -0.15 | +3.33 |
| Martin ratioReturn relative to average drawdown | 10.70 | -0.41 | +11.12 |
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Drawdowns
FSLSX vs. VLIFX - Drawdown Comparison
The maximum FSLSX drawdown since its inception was -69.87%, which is greater than VLIFX's maximum drawdown of -61.48%. Use the drawdown chart below to compare losses from any high point for FSLSX and VLIFX.
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Drawdown Indicators
| FSLSX | VLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.87% | -61.48% | -8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -11.81% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -26.81% | -17.66% | -9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.81% | -21.91% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -35.51% | -12.47% |
Current DrawdownCurrent decline from peak | -1.12% | -7.62% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -15.63% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 4.34% | -1.43% |
Volatility
FSLSX vs. VLIFX - Volatility Comparison
The current volatility for Fidelity Value Strategies Fund (FSLSX) is 3.26%, while Value Line Mid Cap Focused Fund (VLIFX) has a volatility of 3.90%. This indicates that FSLSX experiences smaller price fluctuations and is considered to be less risky than VLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLSX | VLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.90% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 10.28% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 13.69% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 16.90% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 17.84% | +4.03% |
FSLSX vs. VLIFX - Expense Ratio Comparison
FSLSX has a 0.86% expense ratio, which is lower than VLIFX's 1.07% expense ratio.
Dividends
FSLSX vs. VLIFX - Dividend Comparison
FSLSX has not paid dividends to shareholders, while VLIFX's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 0.00% | 0.00% | 10.41% | 2.49% | 2.13% | 7.29% | 0.84% | 4.84% | 14.59% | 6.57% | 19.71% | 1.26% |
VLIFX Value Line Mid Cap Focused Fund | 2.16% | 2.16% | 0.99% | 0.03% | 7.22% | 8.23% | 7.81% | 1.42% | 5.12% | 1.61% | 2.24% | 0.00% |
Frequently Asked Questions
FSLSX and VLIFX 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.
VLIFX has higher volatility (3.90%) compared to FSLSX (3.26%). In terms of maximum drawdown, FSLSX dropped -69.87% vs VLIFX's -61.48%.
FSLSX currently has the higher Sharpe Ratio (1.66 vs -0.13), 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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