HNMVX vs. FCMVX
HNMVX (Harbor Mid Cap Value Fund Retirement Class) and FCMVX (Fidelity Mid Cap Value K6 Fund) are both Mid Cap Value Equities funds. Over the past 5 years, HNMVX returned 13.39%/yr vs 26.30%/yr for FCMVX. Their 0.96 correlation means they have historically moved very closely together. HNMVX charges 0.77%/yr vs 0.45%/yr for FCMVX.
Performance
HNMVX vs. FCMVX - Performance Comparison
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Returns By Period
In the year-to-date period, HNMVX achieves a 23.81% return, which is significantly lower than FCMVX's 26.88% return.
HNMVX
- 1D
- 1.83%
- 1M
- 3.47%
- 6M
- 18.21%
- YTD
- 23.81%
- 1Y
- 36.73%
- 3Y*
- 19.26%
- 5Y*
- 13.39%
- 10Y*
- 10.88%
- ALL TIME*
- 11.45%
FCMVX
- 1D
- 0.50%
- 1M
- 1.79%
- 6M
- 19.64%
- YTD
- 26.88%
- 1Y
- 36.73%
- 3Y*
- 41.99%
- 5Y*
- 26.30%
- 10Y*
- —
- ALL TIME*
- 17.85%
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 |
HNMVX vs. FCMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNMVX Harbor Mid Cap Value Fund Retirement Class | 23.81% | 16.06% | 12.22% | 16.52% | -5.58% | 30.06% | -3.70% | 23.06% | -17.76% | 10.37% |
FCMVX Fidelity Mid Cap Value K6 Fund | 26.88% | 12.62% | 87.16% | 23.07% | -10.26% | 34.12% | 0.52% | 23.65% | -18.69% | 12.67% |
Correlation
The correlation between HNMVX and FCMVX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.96 |
The correlation between HNMVX and FCMVX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
HNMVX vs. FCMVX — Risk / Return Rank
HNMVX
FCMVX
HNMVX vs. FCMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value Fund Retirement Class (HNMVX) and Fidelity Mid Cap Value K6 Fund (FCMVX). 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.
| HNMVX | FCMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 3.57 | +1.75 |
| Martin ratioReturn relative to average drawdown | 19.74 | 13.89 | +5.85 |
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Drawdowns
HNMVX vs. FCMVX - Drawdown Comparison
The maximum HNMVX drawdown since its inception was -51.33%, which is greater than FCMVX's maximum drawdown of -44.63%. Use the drawdown chart below to compare losses from any high point for HNMVX and FCMVX.
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Drawdown Indicators
| HNMVX | FCMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -44.63% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -10.21% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -38.56% | +17.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -38.56% | +17.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -9.21% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.63% | -0.78% |
Volatility
HNMVX vs. FCMVX - Volatility Comparison
Harbor Mid Cap Value Fund Retirement Class (HNMVX) and Fidelity Mid Cap Value K6 Fund (FCMVX) have volatilities of 2.89% and 2.96%, 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
| HNMVX | FCMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.96% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 12.15% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 16.49% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 60.58% | -41.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 47.44% | -25.58% |
HNMVX vs. FCMVX - Expense Ratio Comparison
HNMVX has a 0.77% expense ratio, which is higher than FCMVX's 0.45% expense ratio.
Dividends
HNMVX vs. FCMVX - Dividend Comparison
HNMVX's dividend yield for the trailing twelve months is around 7.08%, more than FCMVX's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCMVX Fidelity Mid Cap Value K6 Fund | 3.90% | 6.68% | 76.67% | 1.29% | 1.68% | 1.39% | 2.19% | 1.68% | 2.99% | 0.77% | 0.00% |
HNMVX Harbor Mid Cap Value Fund Retirement Class | 7.08% | 8.77% | 5.87% | 7.28% | 8.35% | 1.35% | 2.43% | 3.21% | 8.52% | 3.91% | 3.11% |
Frequently Asked Questions
HNMVX and FCMVX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCMVX has higher volatility (2.96%) compared to HNMVX (2.89%). In terms of maximum drawdown, HNMVX dropped -51.33% vs FCMVX's -44.63%.
HNMVX currently has the higher Sharpe Ratio (2.78 vs 2.21), 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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