FSLSX vs. XMMO
Compare and contrast key facts about Fidelity Value Strategies Fund (FSLSX) and Invesco S&P MidCap Momentum ETF (XMMO).
FSLSX is managed by Fidelity. It was launched on Dec 31, 1983. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Performance
FSLSX vs. XMMO - Performance Comparison
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FSLSX vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 3.45% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 17.49% |
XMMO Invesco S&P MidCap Momentum ETF | 4.93% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
Returns By Period
In the year-to-date period, FSLSX achieves a 3.45% return, which is significantly lower than XMMO's 4.93% return. Over the past 10 years, FSLSX has underperformed XMMO with an annualized return of 10.15%, while XMMO has yielded a comparatively higher 18.19% annualized return.
FSLSX
- 1D
- -0.87%
- 1M
- -8.93%
- YTD
- 3.45%
- 6M
- 0.11%
- 1Y
- 12.54%
- 3Y*
- 10.48%
- 5Y*
- 7.61%
- 10Y*
- 10.15%
XMMO
- 1D
- 4.31%
- 1M
- -3.18%
- YTD
- 4.93%
- 6M
- 7.61%
- 1Y
- 28.46%
- 3Y*
- 25.08%
- 5Y*
- 12.21%
- 10Y*
- 18.19%
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FSLSX vs. XMMO - Expense Ratio Comparison
FSLSX has a 0.86% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Return for Risk
FSLSX vs. XMMO — Risk / Return Rank
FSLSX
XMMO
FSLSX vs. XMMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Strategies Fund (FSLSX) and Invesco S&P MidCap Momentum ETF (XMMO). 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.
| FSLSX | XMMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.30 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.88 | 1.86 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.28 | -1.60 |
Martin ratioReturn relative to average drawdown | 2.58 | 10.83 | -8.26 |
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
| FSLSX | XMMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.30 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.58 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.83 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.54 | -0.02 |
Correlation
The correlation between FSLSX and XMMO is 0.83, 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
FSLSX vs. XMMO - Dividend Comparison
FSLSX has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.71%.
| 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% |
XMMO Invesco S&P MidCap Momentum ETF | 0.71% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Drawdowns
FSLSX vs. XMMO - Drawdown Comparison
The maximum FSLSX drawdown since its inception was -69.87%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for FSLSX and XMMO.
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Drawdown Indicators
| FSLSX | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.87% | -55.37% | -14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -12.81% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.81% | -27.91% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -36.74% | -11.24% |
Current DrawdownCurrent decline from peak | -9.79% | -4.39% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -9.52% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.69% | +1.31% |
Volatility
FSLSX vs. XMMO - Volatility Comparison
The current volatility for Fidelity Value Strategies Fund (FSLSX) is 5.26%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that FSLSX experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLSX | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 9.07% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 14.28% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.86% | 21.97% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 21.26% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 22.11% | -0.24% |