FVLAX vs. AVLVX

Last updated Aug 1, 2026

FVLAX (Fidelity Advisor Value Leaders Fund Class A) and AVLVX (Avantis U.S. Large Cap Value Fund Institutional Class) are both Large Cap Value Equities funds. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FVLAX charges 1.15%/yr vs 0.15%/yr for AVLVX.

Performance

FVLAX vs. AVLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Value Leaders Fund Class A (FVLAX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FVLAX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AVLVX

• 1D: 0.77%
• 1M: 1.65%
• 6M: 16.69%
• YTD: 24.65%
• 1Y: 40.27%
• 3Y*: 20.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.15%

*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)
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	$0.00	$0.00	$0.00

FVLAX vs. AVLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FVLAX Fidelity Advisor Value Leaders Fund Class A	0.00%	4.80%	4.34%	6.82%	12.49%
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	24.65%	15.23%	16.93%	16.75%	8.38%

Correlation

The correlation between FVLAX and AVLVX is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	0.75

Over the past year, the correlation between FVLAX and AVLVX has dropped to 0.27 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

FVLAX vs. AVLVX — Risk / Return Rank

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

FVLAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVLVX

AVLVX Risk / Return Rank: 97
AVLVX Sharpe Ratio Rank: 98
AVLVX Sortino Ratio Rank: 96
AVLVX Omega Ratio Rank: 93
AVLVX Calmar Ratio Rank: 98
AVLVX Martin Ratio Rank: 98

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.

FVLAX vs. AVLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Leaders Fund Class A (FVLAX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). 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.

	FVLAX	AVLVX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.02	—
Sortino ratio: Return per unit of downside risk	—	4.17	—
Omega ratio: Gain probability vs. loss probability	—	1.55	—
Calmar ratio: Return relative to maximum drawdown	—	6.29	—
Martin ratio: Return relative to average drawdown	—	25.69	—

Drawdowns

Drawdown Indicators

	FVLAX	AVLVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.51%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.51%	—
Current Drawdown Current decline from peak	—	-0.30%	—
Average Drawdown Average peak-to-trough decline	—	-3.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.47%	—

Volatility

Volatility by Period

	FVLAX	AVLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.37%	—

FVLAX vs. AVLVX - Expense Ratio Comparison

FVLAX has a 1.15% expense ratio, which is higher than AVLVX's 0.15% expense ratio.

Dividends

FVLAX vs. AVLVX - Dividend Comparison

FVLAX's dividend yield for the trailing twelve months is around 2.48%, less than AVLVX's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	2.66%	3.32%	1.61%	1.59%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FVLAX Fidelity Advisor Value Leaders Fund Class A	2.48%	2.48%	11.39%	5.28%	1.87%	7.54%	0.61%	1.48%	8.96%	0.64%	0.45%	0.11%

Frequently Asked Questions

Can I hold both FVLAX and AVLVX in my portfolio?

FVLAX and AVLVX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.