FSMVX vs. VTI
FSMVX (Fidelity Mid Cap Value Fund) and VTI (Vanguard Total Stock Market ETF) are both funds - FSMVX is a Mid Cap Value Equities fund managed by Fidelity, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, FSMVX returned 11.79%/yr vs 14.63%/yr for VTI. Their correlation of 0.90 means they have usually moved in the same direction. FSMVX charges 0.57%/yr vs 0.03%/yr for VTI.
Performance
FSMVX vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, FSMVX achieves a 26.48% return, which is significantly higher than VTI's 10.49% return. Over the past 10 years, FSMVX has underperformed VTI with an annualized return of 11.79%, while VTI has yielded a comparatively higher 14.63% annualized return.
FSMVX
- 1D
- 0.34%
- 1M
- 1.53%
- 6M
- 19.60%
- YTD
- 26.48%
- 1Y
- 41.81%
- 3Y*
- 20.32%
- 5Y*
- 14.10%
- 10Y*
- 11.79%
- ALL TIME*
- 10.33%
VTI
- 1D
- 0.53%
- 1M
- -0.15%
- 6M
- 8.77%
- YTD
- 10.49%
- 1Y
- 21.84%
- 3Y*
- 18.92%
- 5Y*
- 11.74%
- 10Y*
- 14.63%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.06B | $1.16B | $1.24B |
FSMVX vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 26.48% | 13.06% | 14.53% | 22.59% | -10.64% | 34.00% | 0.95% | 23.57% | -18.91% | 17.06% |
VTI Vanguard Total Stock Market ETF | 10.49% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Correlation
The correlation between FSMVX and VTI is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2001 | 0.90 |
The correlation between FSMVX and VTI shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSMVX vs. VTI — Risk / Return Rank
FSMVX
VTI
FSMVX vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) and Vanguard Total Stock Market ETF (VTI). 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 | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.27 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.23 | +1.48 |
| Martin ratioReturn relative to average drawdown | 14.73 | 9.62 | +5.11 |
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Drawdowns
FSMVX vs. VTI - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.96%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FSMVX and VTI.
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Drawdown Indicators
| FSMVX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -55.45% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -8.92% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -19.30% | -4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -25.36% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | -35.00% | -10.11% |
Current DrawdownCurrent decline from peak | -0.95% | -1.36% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -7.99% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.07% | +0.53% |
Volatility
FSMVX vs. VTI - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.34% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMVX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.46% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 10.24% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 13.10% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 17.51% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 18.30% | +2.78% |
FSMVX vs. VTI - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is higher than VTI's 0.03% expense ratio.
Dividends
FSMVX vs. VTI - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 6.22%, more than VTI's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 6.22% | 8.28% | 10.41% | 1.17% | 13.12% | 1.30% | 1.99% | 1.87% | 14.79% | 8.92% | 1.34% | 5.15% |
VTI Vanguard Total Stock Market ETF | 1.06% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
FSMVX and VTI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (3.46%) compared to FSMVX (3.34%). In terms of maximum drawdown, FSMVX dropped -62.96% vs VTI's -55.45%.
FSMVX currently has the higher Sharpe Ratio (2.32 vs 1.52), 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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