FSMVX vs. HAMVX
FSMVX (Fidelity Mid Cap Value Fund) and HAMVX (Harbor Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FSMVX returned 12.05%/yr vs 11.00%/yr for HAMVX. With a 0.96 correlation, they move nearly in lockstep. FSMVX charges 0.57%/yr vs 0.85%/yr for HAMVX.
Performance
FSMVX vs. HAMVX - Performance Comparison
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Returns By Period
In the year-to-date period, FSMVX achieves a 23.09% return, which is significantly higher than HAMVX's 17.38% return. Over the past 10 years, FSMVX has outperformed HAMVX with an annualized return of 12.05%, while HAMVX has yielded a comparatively lower 11.00% annualized return.
FSMVX
- 1D
- 0.43%
- 1M
- 5.82%
- YTD
- 23.09%
- 6M
- 21.81%
- 1Y
- 40.17%
- 3Y*
- 23.36%
- 5Y*
- 14.04%
- 10Y*
- 12.05%
HAMVX
- 1D
- 0.37%
- 1M
- 1.64%
- YTD
- 17.38%
- 6M
- 15.91%
- 1Y
- 34.91%
- 3Y*
- 20.33%
- 5Y*
- 11.95%
- 10Y*
- 11.00%
FSMVX vs. HAMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 23.09% | 13.06% | 14.53% | 22.59% | -10.64% | 34.00% | 0.95% | 23.57% | -18.91% | 17.06% |
HAMVX Harbor Mid Cap Value Fund | 17.38% | 16.00% | 12.10% | 16.42% | -5.63% | 29.93% | -3.77% | 22.93% | -17.82% | 12.01% |
Correlation
The correlation between FSMVX and HAMVX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2002 | 0.96 |
The correlation between FSMVX and HAMVX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
FSMVX vs. HAMVX — Risk / Return Rank
FSMVX
HAMVX
FSMVX vs. HAMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) 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.
| FSMVX | HAMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 5.28 | -1.26 |
| Martin ratioReturn relative to average drawdown | 15.44 | 18.64 | -3.21 |
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Drawdowns
FSMVX vs. HAMVX - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.96%, roughly equal to the maximum HAMVX drawdown of -64.17%. Use the drawdown chart below to compare losses from any high point for FSMVX and HAMVX.
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Drawdown Indicators
| FSMVX | HAMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -64.17% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -6.84% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -21.04% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -21.04% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | -51.44% | +6.33% |
Current DrawdownCurrent decline from peak | 0.00% | -1.68% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -9.96% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.93% | +0.75% |
Volatility
FSMVX vs. HAMVX - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 5.21% compared to Harbor Mid Cap Value Fund (HAMVX) at 3.28%. This indicates that FSMVX'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.
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Volatility by Period
| FSMVX | HAMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 3.28% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 9.29% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 13.54% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.22% | 18.76% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 21.90% | -0.75% |
FSMVX vs. HAMVX - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is lower than HAMVX's 0.85% expense ratio.
Dividends
FSMVX vs. HAMVX - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 6.39%, less than HAMVX's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 6.39% | 8.28% | 10.41% | 1.17% | 13.12% | 1.30% | 1.99% | 1.87% | 14.79% | 8.92% | 1.34% | 5.15% |
HAMVX Harbor Mid Cap Value Fund | 7.39% | 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
With a correlation of 0.92, FSMVX and HAMVX 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.
FSMVX has higher volatility (5.21%) compared to HAMVX (3.28%). In terms of maximum drawdown, FSMVX dropped -62.96% vs HAMVX's -64.17%.
HAMVX currently has the higher Sharpe Ratio (2.67 vs 2.48), 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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