GTTTX vs. FCVTX

Last updated Aug 1, 2026

GTTTX (Goldman Sachs Small Cap Value Insights Fund Investor Class) and FCVTX (Fidelity Advisor Small Cap Value Fund Class M) are both Small Cap Value Equities funds. Over the past 10 years, GTTTX returned 14.32%/yr vs 10.88%/yr for FCVTX. Their 0.96 correlation means they have historically moved very closely together. GTTTX charges 0.95%/yr vs 1.50%/yr for FCVTX.

Performance

GTTTX vs. FCVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Small Cap Value Insights Fund Investor Class (GTTTX) and Fidelity Advisor Small Cap Value Fund Class M (FCVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTTTX achieves a 23.44% return, which is significantly lower than FCVTX's 25.25% return. Over the past 10 years, GTTTX has outperformed FCVTX with an annualized return of 14.32%, while FCVTX has yielded a comparatively lower 10.88% annualized return.

GTTTX

• 1D: 0.21%
• 1M: 0.50%
• 6M: 15.45%
• YTD: 23.44%
• 1Y: 45.89%
• 3Y*: 28.57%
• 5Y*: 17.11%
• 10Y*: 14.32%
• ALL TIME*: 10.88%

FCVTX

• 1D: 0.31%
• 1M: -0.91%
• 6M: 19.46%
• YTD: 25.25%
• 1Y: 38.15%
• 3Y*: 14.70%
• 5Y*: 9.68%
• 10Y*: 10.88%
• ALL TIME*: 10.39%

*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)
FCVTX Fidelity Advisor Small Cap Value Fund Class M	$0.00	$0.00	$0.00
GTTTX Goldman Sachs Small Cap Value Insights Fund Investor Class	$0.00	$0.00	$0.00

GTTTX vs. FCVTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTTTX Goldman Sachs Small Cap Value Insights Fund Investor Class	23.44%	12.83%	45.27%	17.37%	-13.66%	32.94%	0.21%	23.37%	-10.83%	7.34%
FCVTX Fidelity Advisor Small Cap Value Fund Class M	25.25%	7.53%	7.42%	17.19%	-13.53%	37.49%	10.60%	20.19%	-15.58%	11.68%

Correlation

The correlation between GTTTX and FCVTX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.96

The correlation between GTTTX and FCVTX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

GTTTX vs. FCVTX — Risk / Return Rank

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

GTTTX

GTTTX Risk / Return Rank: 91
GTTTX Sharpe Ratio Rank: 91
GTTTX Sortino Ratio Rank: 89
GTTTX Omega Ratio Rank: 82
GTTTX Calmar Ratio Rank: 96
GTTTX Martin Ratio Rank: 96

FCVTX

FCVTX Risk / Return Rank: 82
FCVTX Sharpe Ratio Rank: 80
FCVTX Sortino Ratio Rank: 81
FCVTX Omega Ratio Rank: 74
FCVTX Calmar Ratio Rank: 88
FCVTX Martin Ratio Rank: 88

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.

GTTTX vs. FCVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Value Insights Fund Investor Class (GTTTX) and Fidelity Advisor Small Cap Value Fund Class M (FCVTX). 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.

	GTTTX	FCVTX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.92	+0.41
Sortino ratio: Return per unit of downside risk	3.33	2.87	+0.46
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.06
Calmar ratio: Return relative to maximum drawdown	4.60	3.29	+1.30
Martin ratio: Return relative to average drawdown	16.78	11.73	+5.04

GTTTX vs. FCVTX - Sharpe Ratio Comparison

The current GTTTX Sharpe Ratio is 2.33, which is comparable to the FCVTX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of GTTTX and FCVTX, 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

GTTTX vs. FCVTX - Drawdown Comparison

The maximum GTTTX drawdown since its inception was -56.58%, roughly equal to the maximum FCVTX drawdown of -58.26%. Use the drawdown chart below to compare losses from any high point for GTTTX and FCVTX.

Drawdown Indicators

	GTTTX	FCVTX	Difference
Max Drawdown Largest peak-to-trough decline	-56.58%	-58.26%	+1.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-10.40%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-39.29%	-24.91%	-14.38%
Max Drawdown (5Y) Largest decline over 5 years	-39.29%	-24.91%	-14.38%
Max Drawdown (10Y) Largest decline over 10 years	-47.29%	-44.83%	-2.46%
Current Drawdown Current decline from peak	-0.99%	-2.40%	+1.41%
Average Drawdown Average peak-to-trough decline	-9.86%	-8.18%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.92%	-0.39%

Volatility

GTTTX vs. FCVTX - Volatility Comparison

The current volatility for Goldman Sachs Small Cap Value Insights Fund Investor Class (GTTTX) is 3.50%, while Fidelity Advisor Small Cap Value Fund Class M (FCVTX) has a volatility of 4.24%. This indicates that GTTTX experiences smaller price fluctuations and is considered to be less risky than FCVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTTTX	FCVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	4.24%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	13.47%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	17.93%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.22%	20.86%	+14.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.76%	22.33%	+8.43%

GTTTX vs. FCVTX - Expense Ratio Comparison

GTTTX has a 0.95% expense ratio, which is lower than FCVTX's 1.50% expense ratio.

Dividends

GTTTX vs. FCVTX - Dividend Comparison

GTTTX's dividend yield for the trailing twelve months is around 6.80%, less than FCVTX's 8.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCVTX Fidelity Advisor Small Cap Value Fund Class M	8.54%	10.69%	4.91%	5.34%	6.37%	8.00%	0.23%	3.20%	38.15%	3.30%	6.98%	11.13%
GTTTX Goldman Sachs Small Cap Value Insights Fund Investor Class	6.80%	8.39%	52.07%	1.87%	3.85%	40.18%	0.90%	0.90%	12.37%	11.87%	4.51%	7.00%

Frequently Asked Questions

Can I hold both GTTTX and FCVTX in my portfolio?

With a correlation of 0.93, GTTTX and FCVTX 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.

Which is riskier, GTTTX or FCVTX?

FCVTX has higher volatility (4.24%) compared to GTTTX (3.50%). In terms of maximum drawdown, GTTTX dropped -56.58% vs FCVTX's -58.26%.

Which has better risk-adjusted returns?

GTTTX currently has the higher Sharpe Ratio (2.33 vs 1.92), 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.