JVMRX vs. FSLSX
JVMRX (John Hancock Disciplined Value Mid Cap Fund Class R6) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds. Over the past 10 years, JVMRX returned 10.86%/yr vs 12.12%/yr for FSLSX. Their 0.95 correlation means they have historically moved very closely together. JVMRX charges 0.74%/yr vs 0.86%/yr for FSLSX.
Performance
JVMRX vs. FSLSX - Performance Comparison
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Returns By Period
In the year-to-date period, JVMRX achieves a 14.28% return, which is significantly lower than FSLSX's 29.05% return. Over the past 10 years, JVMRX has underperformed FSLSX with an annualized return of 10.86%, while FSLSX has yielded a comparatively higher 12.12% annualized return.
JVMRX
- 1D
- -0.66%
- 1M
- 2.05%
- 6M
- 9.61%
- YTD
- 14.28%
- 1Y
- 19.12%
- 3Y*
- 14.01%
- 5Y*
- 10.13%
- 10Y*
- 10.86%
- ALL TIME*
- 12.64%
FSLSX
- 1D
- -0.08%
- 1M
- 2.06%
- 6M
- 19.20%
- YTD
- 29.05%
- 1Y
- 33.28%
- 3Y*
- 14.06%
- 5Y*
- 11.28%
- 10Y*
- 12.12%
- ALL TIME*
- 10.89%
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 |
JVMRX vs. FSLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JVMRX John Hancock Disciplined Value Mid Cap Fund Class R6 | 14.28% | 11.40% | 10.59% | 16.81% | -7.00% | 26.95% | 6.00% | 30.26% | -14.75% | 15.06% |
FSLSX Fidelity Value Strategies Fund | 29.05% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 17.49% |
Correlation
The correlation between JVMRX and FSLSX 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. | 0.92 |
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 Aug 31, 2011 | 0.95 |
The correlation between JVMRX and FSLSX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
JVMRX vs. FSLSX — Risk / Return Rank
JVMRX
FSLSX
JVMRX vs. FSLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Mid Cap Fund Class R6 (JVMRX) and Fidelity Value Strategies Fund (FSLSX). 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.
| JVMRX | FSLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.06 | -1.02 |
| Martin ratioReturn relative to average drawdown | 6.58 | 10.30 | -3.72 |
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Drawdowns
JVMRX vs. FSLSX - Drawdown Comparison
The maximum JVMRX drawdown since its inception was -42.63%, smaller than the maximum FSLSX drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for JVMRX and FSLSX.
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Drawdown Indicators
| JVMRX | FSLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.63% | -69.87% | +27.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -9.79% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -26.81% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -26.81% | +5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -42.63% | -47.98% | +5.35% |
Current DrawdownCurrent decline from peak | -1.60% | -0.91% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -8.25% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.94% | -0.29% |
Volatility
JVMRX vs. FSLSX - Volatility Comparison
John Hancock Disciplined Value Mid Cap Fund Class R6 (JVMRX) has a higher volatility of 3.46% compared to Fidelity Value Strategies Fund (FSLSX) at 3.24%. This indicates that JVMRX's price experiences larger fluctuations and is considered to be riskier than FSLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JVMRX | FSLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.24% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 11.73% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 18.79% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 20.41% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 21.87% | -1.63% |
JVMRX vs. FSLSX - Expense Ratio Comparison
JVMRX has a 0.74% expense ratio, which is lower than FSLSX's 0.86% expense ratio.
Dividends
JVMRX vs. FSLSX - Dividend Comparison
JVMRX's dividend yield for the trailing twelve months is around 8.19%, while FSLSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 0.00% | 0.00% | 10.41% | 2.49% | 2.13% | 7.29% | 0.84% | 4.84% | 14.59% | 6.57% | 19.71% | 1.26% |
JVMRX John Hancock Disciplined Value Mid Cap Fund Class R6 | 8.19% | 9.36% | 12.17% | 4.12% | 5.38% | 6.78% | 1.22% | 2.49% | 14.01% | 5.94% | 1.91% | 5.88% |
Frequently Asked Questions
With a correlation of 0.90, JVMRX and FSLSX 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.
JVMRX has higher volatility (3.46%) compared to FSLSX (3.24%). In terms of maximum drawdown, JVMRX dropped -42.63% vs FSLSX's -69.87%.
FSLSX currently has the higher Sharpe Ratio (1.60 vs 1.35), 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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