FVLKX vs. FIDFX
FVLKX (Fidelity Value Fund Class K) and FIDFX (Fidelity Advisor Mid Cap Value Fund Class Z) are both Mid Cap Value Equities funds from Fidelity. Over the past 5 years, FVLKX returned 13.35%/yr vs 14.21%/yr for FIDFX. Their 0.97 correlation means they have historically moved very closely together. FVLKX charges 0.71%/yr vs 0.45%/yr for FIDFX.
Performance
FVLKX vs. FIDFX - Performance Comparison
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Returns By Period
In the year-to-date period, FVLKX achieves a 25.23% return, which is significantly lower than FIDFX's 26.51% return.
FVLKX
- 1D
- -0.06%
- 1M
- 2.06%
- 6M
- 18.14%
- YTD
- 25.23%
- 1Y
- 40.09%
- 3Y*
- 19.06%
- 5Y*
- 13.35%
- 10Y*
- 13.10%
- ALL TIME*
- 10.19%
FIDFX
- 1D
- 0.34%
- 1M
- 1.52%
- 6M
- 19.63%
- YTD
- 26.51%
- 1Y
- 41.93%
- 3Y*
- 20.41%
- 5Y*
- 14.21%
- 10Y*
- —
- ALL TIME*
- 11.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FVLKX vs. FIDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVLKX Fidelity Value Fund Class K | 25.23% | 11.37% | 14.64% | 19.65% | -8.91% | 35.38% | 9.41% | 31.92% | -17.56% | 11.12% |
FIDFX Fidelity Advisor Mid Cap Value Fund Class Z | 26.51% | 13.16% | 14.66% | 22.69% | -10.52% | 34.11% | 1.15% | 23.72% | -18.82% | 13.56% |
Correlation
The correlation between FVLKX and FIDFX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.97 |
The correlation between FVLKX and FIDFX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FVLKX vs. FIDFX — Risk / Return Rank
FVLKX
FIDFX
FVLKX vs. FIDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund Class K (FVLKX) and Fidelity Advisor Mid Cap Value Fund Class Z (FIDFX). 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.
| FVLKX | FIDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.72 | -0.02 |
| Martin ratioReturn relative to average drawdown | 14.06 | 14.74 | -0.67 |
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Drawdowns
FVLKX vs. FIDFX - Drawdown Comparison
The maximum FVLKX drawdown since its inception was -62.82%, which is greater than FIDFX's maximum drawdown of -44.98%. Use the drawdown chart below to compare losses from any high point for FVLKX and FIDFX.
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Drawdown Indicators
| FVLKX | FIDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.82% | -44.98% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.86% | -10.31% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -31.39% | -23.70% | -7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -31.39% | -23.70% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -48.62% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.94% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -6.78% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.61% | +0.02% |
Volatility
FVLKX vs. FIDFX - Volatility Comparison
Fidelity Value Fund Class K (FVLKX) and Fidelity Advisor Mid Cap Value Fund Class Z (FIDFX) have volatilities of 3.31% and 3.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVLKX | FIDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 3.32% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 12.28% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 16.58% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 20.17% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 21.55% | +1.80% |
FVLKX vs. FIDFX - Expense Ratio Comparison
FVLKX has a 0.71% expense ratio, which is higher than FIDFX's 0.45% expense ratio.
Dividends
FVLKX vs. FIDFX - Dividend Comparison
FVLKX's dividend yield for the trailing twelve months is around 8.01%, more than FIDFX's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDFX Fidelity Advisor Mid Cap Value Fund Class Z | 6.25% | 8.32% | 10.60% | 1.30% | 13.40% | 1.43% | 2.11% | 2.03% | 15.16% | 9.15% | 0.00% | 0.00% |
FVLKX Fidelity Value Fund Class K | 8.01% | 10.03% | 20.95% | 3.80% | 7.16% | 9.87% | 1.06% | 3.43% | 16.38% | 3.37% | 1.36% | 11.10% |
Frequently Asked Questions
With a correlation of 0.97, FVLKX and FIDFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIDFX has higher volatility (3.32%) compared to FVLKX (3.31%). In terms of maximum drawdown, FVLKX dropped -62.82% vs FIDFX's -44.98%.
FIDFX currently has the higher Sharpe Ratio (2.32 vs 2.24), 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.
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