FSMVX vs. TRMCX
Compare and contrast key facts about Fidelity Mid Cap Value Fund (FSMVX) and T. Rowe Price Mid-Cap Value Fund (TRMCX).
FSMVX is managed by Fidelity. It was launched on Nov 15, 2001. TRMCX is managed by T. Rowe Price. It was launched on Jun 28, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMVX or TRMCX.
Key characteristics
| FSMVX | TRMCX | |
|---|---|---|
| YTD Return | 21.50% | 21.96% |
| 1Y Return | 41.40% | 41.52% |
| 3Y Return (Ann) | 6.26% | 11.34% |
| 5Y Return (Ann) | 11.01% | 15.04% |
| 10Y Return (Ann) | 5.61% | 10.74% |
| Sharpe Ratio | 2.70 | 2.41 |
| Sortino Ratio | 3.80 | 3.38 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 2.56 | 4.12 |
| Martin Ratio | 14.98 | 18.11 |
| Ulcer Index | 2.89% | 2.36% |
| Daily Std Dev | 16.05% | 17.76% |
| Max Drawdown | -62.80% | -55.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FSMVX and TRMCX is 0.94, 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.
Performance
FSMVX vs. TRMCX - Performance Comparison
The year-to-date returns for both investments are quite close, with FSMVX having a 21.50% return and TRMCX slightly higher at 21.96%. Over the past 10 years, FSMVX has underperformed TRMCX with an annualized return of 5.61%, while TRMCX has yielded a comparatively higher 10.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSMVX vs. TRMCX - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is lower than TRMCX's 0.77% expense ratio.
Risk-Adjusted Performance
FSMVX vs. TRMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) and T. Rowe Price Mid-Cap Value Fund (TRMCX). 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.
Dividends
FSMVX vs. TRMCX - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 0.65%, less than TRMCX's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 0.65% | 0.79% | 1.45% | 1.30% | 1.99% | 1.87% | 2.45% | 1.88% | 1.34% | 2.30% | 7.49% | 10.13% |
TRMCX T. Rowe Price Mid-Cap Value Fund | 0.94% | 1.14% | 0.89% | 1.01% | 1.01% | 1.47% | 1.23% | 1.09% | 0.93% | 1.36% | 1.08% | 0.73% |
Drawdowns
FSMVX vs. TRMCX - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.80%, which is greater than TRMCX's maximum drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for FSMVX and TRMCX. For additional features, visit the drawdowns tool.
Volatility
FSMVX vs. TRMCX - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 4.86% compared to T. Rowe Price Mid-Cap Value Fund (TRMCX) at 3.74%. This indicates that FSMVX's price experiences larger fluctuations and is considered to be riskier than TRMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.