JAMVX vs. FCMVX
JAMVX (Janus Henderson VIT Mid Cap Value Portfolio) and FCMVX (Fidelity Mid Cap Value K6 Fund) are both Mid Cap Value Equities funds. Over the past 5 years, JAMVX returned 8.64%/yr vs 26.05%/yr for FCMVX. Their correlation of 0.95 means they have usually moved in the same direction. JAMVX charges 0.67%/yr vs 0.45%/yr for FCMVX.
Performance
JAMVX vs. FCMVX - Performance Comparison
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Returns By Period
In the year-to-date period, JAMVX achieves a 13.37% return, which is significantly lower than FCMVX's 26.80% return.
JAMVX
- 1D
- -0.10%
- 1M
- -0.36%
- 6M
- 7.97%
- YTD
- 13.37%
- 1Y
- 19.31%
- 3Y*
- 12.37%
- 5Y*
- 8.64%
- 10Y*
- 9.00%
- ALL TIME*
- 9.11%
FCMVX
- 1D
- 0.38%
- 1M
- 1.66%
- 6M
- 19.92%
- YTD
- 26.80%
- 1Y
- 42.22%
- 3Y*
- 41.69%
- 5Y*
- 26.05%
- 10Y*
- —
- ALL TIME*
- 17.83%
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 |
JAMVX vs. FCMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAMVX Janus Henderson VIT Mid Cap Value Portfolio | 13.37% | 6.55% | 13.06% | 11.41% | -5.51% | 19.72% | -1.08% | 30.39% | -13.59% | 9.68% |
FCMVX Fidelity Mid Cap Value K6 Fund | 26.80% | 12.62% | 87.16% | 23.07% | -10.26% | 34.12% | 0.52% | 23.65% | -18.69% | 12.67% |
Correlation
The correlation between JAMVX and FCMVX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.95 |
The correlation between JAMVX and FCMVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
JAMVX vs. FCMVX — Risk / Return Rank
JAMVX
FCMVX
JAMVX vs. FCMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) 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.
| JAMVX | FCMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.80 | -1.87 |
| Martin ratioReturn relative to average drawdown | 7.28 | 15.09 | -7.81 |
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Drawdowns
JAMVX vs. FCMVX - Drawdown Comparison
The maximum JAMVX drawdown since its inception was -46.19%, roughly equal to the maximum FCMVX drawdown of -44.63%. Use the drawdown chart below to compare losses from any high point for JAMVX and FCMVX.
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Drawdown Indicators
| JAMVX | FCMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -44.63% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -10.21% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -38.56% | +18.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -38.56% | +18.73% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.87% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -9.20% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.60% | -0.31% |
Volatility
JAMVX vs. FCMVX - Volatility Comparison
The current volatility for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) is 2.71%, while Fidelity Mid Cap Value K6 Fund (FCMVX) has a volatility of 3.31%. This indicates that JAMVX experiences smaller price fluctuations and is considered to be less risky than FCMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAMVX | FCMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 3.31% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 12.23% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 16.51% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 60.59% | -44.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 47.41% | -29.52% |
JAMVX vs. FCMVX - Expense Ratio Comparison
JAMVX has a 0.67% expense ratio, which is higher than FCMVX's 0.45% expense ratio.
Dividends
JAMVX vs. FCMVX - Dividend Comparison
JAMVX's dividend yield for the trailing twelve months is around 4.19%, more than FCMVX's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
JAMVX Janus Henderson VIT Mid Cap Value Portfolio | 4.19% | 10.85% | 6.16% | 3.67% | 9.77% | 0.43% | 2.85% | 8.72% | 12.17% | 4.32% | 14.88% | 12.31% |
Frequently Asked Questions
With a correlation of 0.90, JAMVX and FCMVX 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.
FCMVX has higher volatility (3.31%) compared to JAMVX (2.71%). In terms of maximum drawdown, JAMVX dropped -46.19% vs FCMVX's -44.63%.
FCMVX currently has the higher Sharpe Ratio (2.36 vs 1.27), 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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