HMVYX vs. FVCSX

Last updated Aug 5, 2026

HMVYX (Hartford MidCap Value Fund) and FVCSX (Fidelity Advisor Value Strategies Fund Class C) are both Mid Cap Value Equities funds. Over the past 10 years, HMVYX returned 9.92%/yr vs 10.25%/yr for FVCSX. Their correlation of 0.94 means they have usually moved in the same direction. HMVYX charges 0.88%/yr vs 1.92%/yr for FVCSX.

Performance

HMVYX vs. FVCSX - Performance Comparison

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

Returns By Period

In the year-to-date period, HMVYX achieves a 16.83% return, which is significantly lower than FVCSX's 29.67% return. Both investments have delivered pretty close results over the past 10 years, with HMVYX having a 9.92% annualized return and FVCSX not far ahead at 10.25%.

HMVYX

• 1D: 1.40%
• 1M: -0.95%
• 6M: 10.20%
• YTD: 16.83%
• 1Y: 22.18%
• 3Y*: 11.88%
• 5Y*: 9.88%
• 10Y*: 9.92%
• ALL TIME*: 9.13%

FVCSX

• 1D: 1.33%
• 1M: 3.11%
• 6M: 17.36%
• YTD: 29.67%
• 1Y: 42.57%
• 3Y*: 11.04%
• 5Y*: 8.94%
• 10Y*: 10.25%
• ALL TIME*: 6.53%

*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)
FVCSX Fidelity Advisor Value Strategies Fund Class C	$0.00	$0.00	$0.00
HMVYX Hartford MidCap Value Fund	$0.00	$0.00	$0.00

HMVYX vs. FVCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HMVYX Hartford MidCap Value Fund	16.83%	4.58%	10.25%	16.17%	-7.77%	28.41%	0.51%	33.72%	-14.61%	13.37%
FVCSX Fidelity Advisor Value Strategies Fund Class C	29.67%	7.23%	-6.69%	19.32%	-8.35%	31.94%	7.10%	33.09%	-17.58%	16.92%

Correlation

The correlation between HMVYX and FVCSX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.93
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 Apr 30, 2001	0.94

The correlation between HMVYX and FVCSX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

HMVYX vs. FVCSX — Risk / Return Rank

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

HMVYX

HMVYX Risk / Return Rank: 61
HMVYX Sharpe Ratio Rank: 55
HMVYX Sortino Ratio Rank: 61
HMVYX Omega Ratio Rank: 50
HMVYX Calmar Ratio Rank: 76
HMVYX Martin Ratio Rank: 66

FVCSX

FVCSX Risk / Return Rank: 93
FVCSX Sharpe Ratio Rank: 95
FVCSX Sortino Ratio Rank: 93
FVCSX Omega Ratio Rank: 88
FVCSX Calmar Ratio Rank: 94
FVCSX Martin Ratio Rank: 95

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.

HMVYX vs. FVCSX - Risk-Adjusted Trends Comparison

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

	HMVYX	FVCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.63	-1.02
Sortino ratio: Return per unit of downside risk	2.42	3.70	-1.28
Omega ratio: Gain probability vs. loss probability	1.28	1.45	-0.17
Calmar ratio: Return relative to maximum drawdown	2.72	4.48	-1.76
Martin ratio: Return relative to average drawdown	9.37	17.27	-7.90

HMVYX vs. FVCSX - Sharpe Ratio Comparison

The current HMVYX Sharpe Ratio is 1.61, which is lower than the FVCSX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of HMVYX and FVCSX, 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

HMVYX vs. FVCSX - Drawdown Comparison

The maximum HMVYX drawdown since its inception was -62.75%, smaller than the maximum FVCSX drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for HMVYX and FVCSX.

Drawdown Indicators

	HMVYX	FVCSX	Difference
Max Drawdown Largest peak-to-trough decline	-62.75%	-70.38%	+7.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-9.89%	+1.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.52%	-37.07%	+14.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.52%	-37.07%	+14.55%
Max Drawdown (10Y) Largest decline over 10 years	-44.47%	-48.07%	+3.60%
Current Drawdown Current decline from peak	-0.95%	0.00%	-0.95%
Average Drawdown Average peak-to-trough decline	-8.93%	-11.13%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.56%	-0.03%

Volatility

HMVYX vs. FVCSX - Volatility Comparison

Hartford MidCap Value Fund (HMVYX) has a higher volatility of 3.92% compared to Fidelity Advisor Value Strategies Fund Class C (FVCSX) at 3.50%. This indicates that HMVYX's price experiences larger fluctuations and is considered to be riskier than FVCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMVYX	FVCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.50%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	11.75%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	16.88%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	20.97%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	22.14%	-1.58%

HMVYX vs. FVCSX - Expense Ratio Comparison

HMVYX has a 0.88% expense ratio, which is lower than FVCSX's 1.92% expense ratio.

Dividends

HMVYX vs. FVCSX - Dividend Comparison

HMVYX's dividend yield for the trailing twelve months is around 3.68%, less than FVCSX's 10.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVCSX Fidelity Advisor Value Strategies Fund Class C	10.08%	13.08%	0.00%	2.96%	2.23%	9.80%	0.33%	5.50%	18.83%	8.78%	25.66%	0.43%
HMVYX Hartford MidCap Value Fund	3.68%	4.30%	11.36%	6.44%	10.05%	6.82%	0.57%	5.05%	12.94%	2.53%	7.04%	8.09%

Frequently Asked Questions

Can I hold both HMVYX and FVCSX in my portfolio?

With a correlation of 0.92, HMVYX and FVCSX 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, HMVYX or FVCSX?

HMVYX has higher volatility (3.92%) compared to FVCSX (3.50%). In terms of maximum drawdown, HMVYX dropped -62.75% vs FVCSX's -70.38%.

Which has better risk-adjusted returns?

FVCSX currently has the higher Sharpe Ratio (2.63 vs 1.61), 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.