FVLAX vs. PSECX

Last updated Jun 6, 2026

FVLAX (Fidelity Advisor Value Leaders Fund Class A) and PSECX (1789 Growth and Income Fund) are both Large Cap Value Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. FVLAX charges 1.15%/yr vs 2.02%/yr for PSECX.

Performance

FVLAX vs. PSECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Value Leaders Fund Class A (FVLAX) and 1789 Growth and Income Fund (PSECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FVLAX

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

PSECX

• 1D: -0.77%
• 1M: -2.18%
• YTD: 2.33%
• 6M: 1.23%
• 1Y: 7.63%
• 3Y*: 11.75%
• 5Y*: 6.76%
• 10Y*: 7.11%

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

FVLAX vs. PSECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVLAX Fidelity Advisor Value Leaders Fund Class A	0.00%	4.80%	4.34%	6.82%	1.10%	24.51%	-5.57%	21.30%	-9.26%	14.42%
PSECX 1789 Growth and Income Fund	2.33%	8.04%	14.49%	10.64%	-10.66%	25.43%	0.78%	23.99%	-5.18%	5.16%

Correlation

The correlation between FVLAX and PSECX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 29, 2013	0.81

Over the past year, the correlation between FVLAX and PSECX has dropped to 0.29 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FVLAX vs. PSECX — Risk / Return Rank

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

PSECX

PSECX Risk / Return Rank: 11
PSECX Sharpe Ratio Rank: 10
PSECX Sortino Ratio Rank: 10
PSECX Omega Ratio Rank: 9
PSECX Calmar Ratio Rank: 12
PSECX Martin Ratio Rank: 14

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.

FVLAX vs. PSECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Leaders Fund Class A (FVLAX) and 1789 Growth and Income Fund (PSECX). 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.

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

Sharpe Ratios by Period

	FVLAX	PSECX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Drawdowns

Drawdown Indicators

	FVLAX	PSECX	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.13%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.13%	—
Current Drawdown Current decline from peak	—	-3.34%	—
Average Drawdown Average peak-to-trough decline	—	-3.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FVLAX	PSECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.92%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.95%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.19%	—

FVLAX vs. PSECX - Expense Ratio Comparison

FVLAX has a 1.15% expense ratio, which is lower than PSECX's 2.02% expense ratio.

Dividends

FVLAX vs. PSECX - Dividend Comparison

FVLAX's dividend yield for the trailing twelve months is around 2.48%, more than PSECX's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PSECX 1789 Growth and Income Fund	0.99%	0.85%	3.88%	2.71%	4.60%	1.53%	0.27%	1.16%	6.78%	0.59%	0.31%	5.12%

Frequently Asked Questions

Can I hold both FVLAX and PSECX in my portfolio?

FVLAX and PSECX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.