FSMVX vs. SMVLX
FSMVX (Fidelity Mid Cap Value Fund) and SMVLX (Smead Value Fund) are both mutual funds - FSMVX is a Mid Cap Value Equities fund managed by Fidelity, while SMVLX is a Large Cap Value Equities fund managed by Smead Funds. Over the past 10 years, FSMVX returned 11.69%/yr vs 12.33%/yr for SMVLX. Their correlation of 0.88 suggests significant overlap in exposure. FSMVX charges 0.57%/yr vs 1.26%/yr for SMVLX.
Performance
FSMVX vs. SMVLX - Performance Comparison
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Returns By Period
In the year-to-date period, FSMVX achieves a 22.57% return, which is significantly higher than SMVLX's 13.71% return. Over the past 10 years, FSMVX has underperformed SMVLX with an annualized return of 11.69%, while SMVLX has yielded a comparatively higher 12.33% annualized return.
FSMVX
- 1D
- 1.39%
- 1M
- 5.37%
- YTD
- 22.57%
- 6M
- 21.02%
- 1Y
- 40.60%
- 3Y*
- 22.09%
- 5Y*
- 14.34%
- 10Y*
- 11.69%
SMVLX
- 1D
- 0.25%
- 1M
- -0.57%
- YTD
- 13.71%
- 6M
- 12.91%
- 1Y
- 26.11%
- 3Y*
- 12.77%
- 5Y*
- 10.10%
- 10Y*
- 12.33%
FSMVX vs. SMVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 22.57% | 13.06% | 14.53% | 22.59% | -10.64% | 34.00% | 0.95% | 23.57% | -18.91% | 17.06% |
SMVLX Smead Value Fund | 13.71% | 5.05% | 4.78% | 16.87% | -2.79% | 42.46% | 1.71% | 26.29% | -4.79% | 19.73% |
Correlation
The correlation between FSMVX and SMVLX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.88 |
The correlation between FSMVX and SMVLX shifts across timeframes, from 0.71 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSMVX vs. SMVLX — Risk / Return Rank
FSMVX
SMVLX
FSMVX vs. SMVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) and Smead Value Fund (SMVLX). 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 | SMVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 4.54 | -0.52 |
| Martin ratioReturn relative to average drawdown | 15.41 | 13.10 | +2.32 |
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Drawdowns
FSMVX vs. SMVLX - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.96%, which is greater than SMVLX's maximum drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for FSMVX and SMVLX.
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Drawdown Indicators
| FSMVX | SMVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -39.56% | -23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -5.90% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -24.62% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -24.62% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | -39.56% | -5.55% |
Current DrawdownCurrent decline from peak | -0.27% | -3.23% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -4.58% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.04% | +0.64% |
Volatility
FSMVX vs. SMVLX - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 5.42% compared to Smead Value Fund (SMVLX) at 3.53%. This indicates that FSMVX's price experiences larger fluctuations and is considered to be riskier than SMVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMVX | SMVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.53% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 8.76% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 14.25% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.24% | 18.39% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 19.48% | +1.66% |
FSMVX vs. SMVLX - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is lower than SMVLX's 1.26% expense ratio.
Dividends
FSMVX vs. SMVLX - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 6.42%, more than SMVLX's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 6.42% | 8.28% | 10.41% | 1.17% | 13.12% | 1.30% | 1.99% | 1.87% | 14.79% | 8.92% | 1.34% | 5.15% |
SMVLX Smead Value Fund | 1.47% | 1.67% | 1.08% | 1.34% | 1.78% | 3.91% | 1.40% | 3.83% | 7.47% | 0.22% | 3.14% | 3.10% |
Frequently Asked Questions
FSMVX and SMVLX 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.
FSMVX has higher volatility (5.42%) compared to SMVLX (3.53%). In terms of maximum drawdown, FSMVX dropped -62.96% vs SMVLX's -39.56%.
FSMVX currently has the higher Sharpe Ratio (2.48 vs 1.88), 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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