FSMVX vs. VOE
Compare and contrast key facts about Fidelity Mid Cap Value Fund (FSMVX) and Vanguard Mid-Cap Value ETF (VOE).
FSMVX is managed by Fidelity. It was launched on Nov 15, 2001. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Performance
FSMVX vs. VOE - Performance Comparison
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FSMVX vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 3.51% | 13.06% | 14.53% | 22.59% | -10.64% | 34.00% | 0.95% | 23.57% | -18.91% | 17.06% |
VOE Vanguard Mid-Cap Value ETF | 4.67% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Returns By Period
In the year-to-date period, FSMVX achieves a 3.51% return, which is significantly lower than VOE's 4.67% return. Both investments have delivered pretty close results over the past 10 years, with FSMVX having a 9.97% annualized return and VOE not far ahead at 10.23%.
FSMVX
- 1D
- 2.91%
- 1M
- -6.69%
- YTD
- 3.51%
- 6M
- 8.18%
- 1Y
- 22.20%
- 3Y*
- 17.23%
- 5Y*
- 10.60%
- 10Y*
- 9.97%
VOE
- 1D
- 0.20%
- 1M
- -4.46%
- YTD
- 4.67%
- 6M
- 7.17%
- 1Y
- 17.39%
- 3Y*
- 13.81%
- 5Y*
- 8.66%
- 10Y*
- 10.23%
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FSMVX vs. VOE - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is higher than VOE's 0.07% expense ratio.
Return for Risk
FSMVX vs. VOE — Risk / Return Rank
FSMVX
VOE
FSMVX vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) and Vanguard Mid-Cap Value ETF (VOE). 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.
| FSMVX | VOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.06 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.55 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.41 | +0.17 |
Martin ratioReturn relative to average drawdown | 6.40 | 6.51 | -0.11 |
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
| FSMVX | VOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.06 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.54 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.54 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.43 | +0.02 |
Correlation
The correlation between FSMVX and VOE is 0.96, 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
FSMVX vs. VOE - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 7.60%, more than VOE's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 7.60% | 8.28% | 10.41% | 1.17% | 13.12% | 1.30% | 1.99% | 1.87% | 14.79% | 8.92% | 1.34% | 5.15% |
VOE Vanguard Mid-Cap Value ETF | 1.99% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Drawdowns
FSMVX vs. VOE - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.96%, roughly equal to the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for FSMVX and VOE.
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Drawdown Indicators
| FSMVX | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -61.50% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.74% | -12.42% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -19.70% | -4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | -43.18% | -1.93% |
Current DrawdownCurrent decline from peak | -7.70% | -4.54% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -8.41% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.68% | +0.95% |
Volatility
FSMVX vs. VOE - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 6.54% compared to Vanguard Mid-Cap Value ETF (VOE) at 4.01%. This indicates that FSMVX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMVX | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 4.01% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 8.77% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.61% | 16.46% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 16.11% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.04% | 18.84% | +2.20% |