FTVFX vs. UMCVX

Last updated Aug 1, 2026

FTVFX (Fidelity Advisor Value Fund Class M) and UMCVX (Invesco V.I. American Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FTVFX returned 12.10%/yr vs 13.28%/yr for UMCVX. Their correlation of 0.94 means they have usually moved in the same direction. FTVFX charges 1.40%/yr vs 0.89%/yr for UMCVX.

Performance

FTVFX vs. UMCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Value Fund Class M (FTVFX) and Invesco V.I. American Value Fund (UMCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTVFX achieves a 24.71% return, which is significantly higher than UMCVX's 15.32% return. Over the past 10 years, FTVFX has underperformed UMCVX with an annualized return of 12.10%, while UMCVX has yielded a comparatively higher 13.28% annualized return.

FTVFX

• 1D: -0.09%
• 1M: 2.03%
• 6M: 17.79%
• YTD: 24.71%
• 1Y: 39.24%
• 3Y*: 16.86%
• 5Y*: 11.84%
• 10Y*: 12.10%
• ALL TIME*: 9.49%

UMCVX

• 1D: 2.45%
• 1M: -3.90%
• 6M: 7.78%
• YTD: 15.32%
• 1Y: 36.26%
• 3Y*: 24.58%
• 5Y*: 17.20%
• 10Y*: 13.28%
• ALL TIME*: 9.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTVFX Fidelity Advisor Value Fund Class M	$0.00	$0.00	$0.00
UMCVX Invesco V.I. American Value Fund	$0.00	$0.00	$0.00

FTVFX vs. UMCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTVFX Fidelity Advisor Value Fund Class M	24.71%	10.74%	9.80%	19.10%	-9.60%	34.39%	9.19%	31.01%	-18.21%	14.69%
UMCVX Invesco V.I. American Value Fund	15.32%	21.17%	30.42%	15.70%	-2.53%	27.96%	1.15%	24.95%	-12.56%	9.97%

Correlation

The correlation between FTVFX and UMCVX 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.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 24, 2003	0.94

The correlation between FTVFX and UMCVX shifts across timeframes, from 0.75 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTVFX vs. UMCVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTVFX

FTVFX Risk / Return Rank: 88
FTVFX Sharpe Ratio Rank: 88
FTVFX Sortino Ratio Rank: 86
FTVFX Omega Ratio Rank: 81
FTVFX Calmar Ratio Rank: 91
FTVFX Martin Ratio Rank: 92

UMCVX

UMCVX Risk / Return Rank: 72
UMCVX Sharpe Ratio Rank: 67
UMCVX Sortino Ratio Rank: 61
UMCVX Omega Ratio Rank: 61
UMCVX Calmar Ratio Rank: 89
UMCVX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTVFX vs. UMCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Fund Class M (FTVFX) and Invesco V.I. American Value Fund (UMCVX). 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.

	FTVFX	UMCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.64	+0.57
Sortino ratio: Return per unit of downside risk	3.16	2.21	+0.95
Omega ratio: Gain probability vs. loss probability	1.39	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	3.56	3.29	+0.27
Martin ratio: Return relative to average drawdown	13.61	10.27	+3.34

FTVFX vs. UMCVX - Sharpe Ratio Comparison

The current FTVFX Sharpe Ratio is 2.20, which is higher than the UMCVX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FTVFX and UMCVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTVFX vs. UMCVX - Drawdown Comparison

The maximum FTVFX drawdown since its inception was -67.12%, which is greater than UMCVX's maximum drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for FTVFX and UMCVX.

Drawdown Indicators

	FTVFX	UMCVX	Difference
Max Drawdown Largest peak-to-trough decline	-67.12%	-59.30%	-7.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-10.16%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-24.49%	-25.10%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-25.10%	+0.61%
Max Drawdown (10Y) Largest decline over 10 years	-48.60%	-45.77%	-2.83%
Current Drawdown Current decline from peak	-0.93%	-7.96%	+7.03%
Average Drawdown Average peak-to-trough decline	-9.89%	-10.02%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.25%	-0.64%

Volatility

FTVFX vs. UMCVX - Volatility Comparison

The current volatility for Fidelity Advisor Value Fund Class M (FTVFX) is 3.27%, while Invesco V.I. American Value Fund (UMCVX) has a volatility of 6.00%. This indicates that FTVFX experiences smaller price fluctuations and is considered to be less risky than UMCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTVFX	UMCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	6.00%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	16.26%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	20.42%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.39%	27.45%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	25.22%	-3.12%

FTVFX vs. UMCVX - Expense Ratio Comparison

FTVFX has a 1.40% expense ratio, which is higher than UMCVX's 0.89% expense ratio.

Dividends

FTVFX vs. UMCVX - Dividend Comparison

FTVFX's dividend yield for the trailing twelve months is around 6.55%, less than UMCVX's 14.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTVFX Fidelity Advisor Value Fund Class M	6.55%	8.17%	12.39%	0.62%	0.12%	4.24%	0.24%	2.83%	14.49%	2.94%	0.43%	1.87%
UMCVX Invesco V.I. American Value Fund	14.53%	16.76%	3.11%	25.58%	23.66%	0.42%	1.65%	8.19%	19.87%	1.91%	5.79%	15.77%

Frequently Asked Questions

Can I hold both FTVFX and UMCVX in my portfolio?

FTVFX and UMCVX 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.

Which is riskier, FTVFX or UMCVX?

UMCVX has higher volatility (6.00%) compared to FTVFX (3.27%). In terms of maximum drawdown, FTVFX dropped -67.12% vs UMCVX's -59.30%.

Which has better risk-adjusted returns?

FTVFX currently has the higher Sharpe Ratio (2.20 vs 1.64), 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.