FVCSX vs. FRNKX

Last updated Jun 25, 2026

FVCSX (Fidelity Advisor Value Strategies Fund Class C) and FRNKX (Frank Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FVCSX returned 10.27%/yr vs 7.98%/yr for FRNKX. A 0.79 correlation means they provide meaningful diversification when combined. FVCSX charges 1.92%/yr vs 1.37%/yr for FRNKX.

Performance

FVCSX vs. FRNKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Value Strategies Fund Class C (FVCSX) and Frank Value Fund (FRNKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVCSX achieves a 22.13% return, which is significantly higher than FRNKX's 11.40% return. Over the past 10 years, FVCSX has outperformed FRNKX with an annualized return of 10.27%, while FRNKX has yielded a comparatively lower 7.98% annualized return.

FVCSX

• 1D: -1.16%
• 1M: 3.23%
• YTD: 22.13%
• 6M: 20.35%
• 1Y: 36.26%
• 3Y*: 12.55%
• 5Y*: 7.31%
• 10Y*: 10.27%

FRNKX

• 1D: 1.31%
• 1M: 3.55%
• YTD: 11.40%
• 6M: 10.63%
• 1Y: 17.39%
• 3Y*: 17.35%
• 5Y*: 11.87%
• 10Y*: 7.98%

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

FVCSX vs. FRNKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVCSX Fidelity Advisor Value Strategies Fund Class C	22.13%	7.23%	-6.69%	19.32%	-8.35%	31.94%	7.10%	33.09%	-17.58%	16.92%
FRNKX Frank Value Fund	11.40%	12.05%	19.31%	14.88%	4.23%	6.46%	12.84%	4.15%	-2.24%	-2.81%

Correlation

The correlation between FVCSX and FRNKX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004	0.79

The correlation between FVCSX and FRNKX shifts across timeframes, from 0.68 (10 years) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FVCSX vs. FRNKX — Risk / Return Rank

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

FVCSX

FVCSX Risk / Return Rank: 78
FVCSX Sharpe Ratio Rank: 75
FVCSX Sortino Ratio Rank: 75
FVCSX Omega Ratio Rank: 63
FVCSX Calmar Ratio Rank: 88
FVCSX Martin Ratio Rank: 86

FRNKX

FRNKX Risk / Return Rank: 32
FRNKX Sharpe Ratio Rank: 24
FRNKX Sortino Ratio Rank: 24
FRNKX Omega Ratio Rank: 22
FRNKX Calmar Ratio Rank: 56
FRNKX Martin Ratio Rank: 33

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.

FVCSX vs. FRNKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Strategies Fund Class C (FVCSX) and Frank Value Fund (FRNKX). 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.

	FVCSX	FRNKX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.22	+0.97
Sortino ratio: Return per unit of downside risk	3.13	1.79	+1.34
Omega ratio: Gain probability vs. loss probability	1.37	1.22	+0.16
Calmar ratio: Return relative to maximum drawdown	3.85	2.64	+1.22
Martin ratio: Return relative to average drawdown	14.17	6.74	+7.43

FVCSX vs. FRNKX - Sharpe Ratio Comparison

The current FVCSX Sharpe Ratio is 2.20, which is higher than the FRNKX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of FVCSX and FRNKX, 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

FVCSX vs. FRNKX - Drawdown Comparison

The maximum FVCSX drawdown since its inception was -70.38%, smaller than the maximum FRNKX drawdown of -97.09%. Use the drawdown chart below to compare losses from any high point for FVCSX and FRNKX.

Drawdown Indicators

	FVCSX	FRNKX	Difference
Max Drawdown Largest peak-to-trough decline	-70.38%	-97.09%	+26.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-6.95%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-37.07%	-97.09%	+60.02%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	-97.09%	+60.02%
Max Drawdown (10Y) Largest decline over 10 years	-48.07%	-97.09%	+49.02%
Current Drawdown Current decline from peak	-1.58%	-95.83%	+94.25%
Average Drawdown Average peak-to-trough decline	-11.17%	-12.23%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.71%	-0.02%

Volatility

FVCSX vs. FRNKX - Volatility Comparison

Fidelity Advisor Value Strategies Fund Class C (FVCSX) has a higher volatility of 5.12% compared to Frank Value Fund (FRNKX) at 3.92%. This indicates that FVCSX's price experiences larger fluctuations and is considered to be riskier than FRNKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVCSX	FRNKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	3.92%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	10.81%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	14.95%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.07%	1,805.77%	-1,784.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	1,276.86%	-1,254.68%

FVCSX vs. FRNKX - Expense Ratio Comparison

FVCSX has a 1.92% expense ratio, which is higher than FRNKX's 1.37% expense ratio.

Dividends

FVCSX vs. FRNKX - Dividend Comparison

FVCSX's dividend yield for the trailing twelve months is around 10.71%, which matches FRNKX's 10.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRNKX Frank Value Fund	10.75%	11.98%	4.63%	10.14%	8.10%	4.93%	0.00%	0.23%	3.23%	0.00%	3.00%	7.64%
FVCSX Fidelity Advisor Value Strategies Fund Class C	10.71%	13.08%	0.00%	2.96%	2.23%	9.80%	0.33%	5.50%	18.83%	8.78%	25.66%	0.43%

Frequently Asked Questions

Can I hold both FVCSX and FRNKX in my portfolio?

FVCSX and FRNKX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVCSX or FRNKX?

FVCSX has higher volatility (5.12%) compared to FRNKX (3.92%). In terms of maximum drawdown, FVCSX dropped -70.38% vs FRNKX's -97.09%.

Which has better risk-adjusted returns?

FVCSX currently has the higher Sharpe Ratio (2.20 vs 1.22), 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.