FSOAX vs. PVMIX

Last updated Jun 4, 2026

FSOAX (Fidelity Advisor Value Strategies Fund Class A) and PVMIX (Principal MidCap Value Fund I) are both Mid Cap Value Equities funds. Over the past 10 years, FSOAX returned 9.55%/yr vs 12.56%/yr for PVMIX. Their correlation of 0.94 suggests significant overlap in exposure. FSOAX charges 1.13%/yr vs 0.69%/yr for PVMIX.

Performance

FSOAX vs. PVMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Value Strategies Fund Class A (FSOAX) and Principal MidCap Value Fund I (PVMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSOAX achieves a 20.88% return, which is significantly higher than PVMIX's 12.36% return. Over the past 10 years, FSOAX has underperformed PVMIX with an annualized return of 9.55%, while PVMIX has yielded a comparatively higher 12.56% annualized return.

FSOAX

• 1D: 0.32%
• 1M: 3.46%
• YTD: 20.88%
• 6M: 10.92%
• 1Y: 26.76%
• 3Y*: 10.01%
• 5Y*: 5.68%
• 10Y*: 9.55%

PVMIX

• 1D: 0.99%
• 1M: 2.31%
• YTD: 12.36%
• 6M: 12.07%
• 1Y: 19.21%
• 3Y*: 20.89%
• 5Y*: 11.73%
• 10Y*: 12.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSOAX vs. PVMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSOAX Fidelity Advisor Value Strategies Fund Class A	20.88%	-2.17%	-3.64%	20.24%	-7.61%	32.95%	7.95%	34.16%	-17.02%	17.21%
PVMIX Principal MidCap Value Fund I	12.36%	6.09%	33.38%	11.04%	-5.95%	30.97%	6.50%	26.69%	-11.07%	14.63%

Correlation

The correlation between FSOAX and PVMIX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 31, 2003	0.94

The correlation between FSOAX and PVMIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FSOAX vs. PVMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSOAX

FSOAX Risk / Return Rank: 33
FSOAX Sharpe Ratio Rank: 27
FSOAX Sortino Ratio Rank: 21
FSOAX Omega Ratio Rank: 29
FSOAX Calmar Ratio Rank: 44
FSOAX Martin Ratio Rank: 41

PVMIX

PVMIX Risk / Return Rank: 40
PVMIX Sharpe Ratio Rank: 35
PVMIX Sortino Ratio Rank: 37
PVMIX Omega Ratio Rank: 32
PVMIX Calmar Ratio Rank: 51
PVMIX Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSOAX vs. PVMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Strategies Fund Class A (FSOAX) and Principal MidCap Value Fund I (PVMIX). 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.

	FSOAX	PVMIX	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.71	-0.22
Sortino ratio Return per unit of downside risk	1.94	2.55	-0.62
Omega ratio Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio Return relative to maximum drawdown	2.53	2.72	-0.19
Martin ratio Return relative to average drawdown	8.83	9.66	-0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSOAX vs. PVMIX - Sharpe Ratio Comparison

The current FSOAX Sharpe Ratio is 1.49, which is comparable to the PVMIX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of FSOAX and PVMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSOAX	PVMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.71	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.65	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.66	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.54	-0.14

Drawdowns

FSOAX vs. PVMIX - Drawdown Comparison

The maximum FSOAX drawdown since its inception was -70.02%, which is greater than PVMIX's maximum drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for FSOAX and PVMIX.

Drawdown Indicators

	FSOAX	PVMIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.02%	-56.76%	-13.26%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-7.37%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-35.33%	-16.78%	-18.55%
Max Drawdown (5Y) Largest decline over 5 years	-35.33%	-17.05%	-18.28%
Max Drawdown (10Y) Largest decline over 10 years	-47.99%	-41.34%	-6.65%
Current Drawdown Current decline from peak	-3.97%	0.00%	-3.97%
Average Drawdown Average peak-to-trough decline	-9.99%	-6.84%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.07%	+1.23%

Volatility

FSOAX vs. PVMIX - Volatility Comparison

Fidelity Advisor Value Strategies Fund Class A (FSOAX) has a higher volatility of 4.28% compared to Principal MidCap Value Fund I (PVMIX) at 3.11%. This indicates that FSOAX's price experiences larger fluctuations and is considered to be riskier than PVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSOAX	PVMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	3.11%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	15.80%	8.49%	+7.31%
Volatility (1Y) Calculated over the trailing 1-year period	19.67%	11.74%	+7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.26%	18.25%	+3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.29%	19.22%	+3.07%

FSOAX vs. PVMIX - Expense Ratio Comparison

FSOAX has a 1.13% expense ratio, which is higher than PVMIX's 0.69% expense ratio.

Dividends

FSOAX vs. PVMIX - Dividend Comparison

FSOAX has not paid dividends to shareholders, while PVMIX's dividend yield for the trailing twelve months is around 6.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSOAX Fidelity Advisor Value Strategies Fund Class A	0.00%	0.00%	0.00%	2.90%	2.43%	8.70%	0.82%	5.59%	17.03%	7.64%	22.64%	1.10%
PVMIX Principal MidCap Value Fund I	6.43%	7.22%	33.98%	4.63%	7.12%	11.44%	1.38%	5.11%	13.23%	6.92%	1.58%	11.19%

Frequently Asked Questions

Can I hold both FSOAX and PVMIX in my portfolio?

FSOAX and PVMIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSOAX or PVMIX?

FSOAX has higher volatility (4.28%) compared to PVMIX (3.11%). In terms of maximum drawdown, FSOAX dropped -70.02% vs PVMIX's -56.76%.

Which has better risk-adjusted returns?

PVMIX currently has the higher Sharpe Ratio (1.71 vs 1.49), 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.