KMDIX vs. FIMVX

Last updated Jun 4, 2026

KMDIX (Keeley Mid Cap Dividend Value Fund) and FIMVX (Fidelity Mid Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 5 years, KMDIX returned 8.63%/yr vs 8.64%/yr for FIMVX. With a 0.97 correlation, they move nearly in lockstep. KMDIX charges 0.95%/yr vs 0.05%/yr for FIMVX.

Performance

KMDIX vs. FIMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keeley Mid Cap Dividend Value Fund (KMDIX) and Fidelity Mid Cap Value Index Fund (FIMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMDIX achieves a 11.09% return, which is significantly lower than FIMVX's 15.21% return.

KMDIX

• 1D: 1.29%
• 1M: 0.93%
• YTD: 11.09%
• 6M: 9.51%
• 1Y: 17.82%
• 3Y*: 16.08%
• 5Y*: 8.63%
• 10Y*: 9.97%

FIMVX

• 1D: 0.95%
• 1M: 3.80%
• YTD: 15.21%
• 6M: 15.28%
• 1Y: 27.24%
• 3Y*: 17.61%
• 5Y*: 8.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KMDIX vs. FIMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KMDIX Keeley Mid Cap Dividend Value Fund	11.09%	9.35%	14.71%	12.72%	-5.27%	24.84%	-1.56%	8.33%
FIMVX Fidelity Mid Cap Value Index Fund	15.21%	11.01%	13.02%	12.75%	-12.08%	28.21%	4.74%	7.42%

Correlation

The correlation between KMDIX and FIMVX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019	0.97

The correlation between KMDIX and FIMVX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

KMDIX vs. FIMVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KMDIX

KMDIX Risk / Return Rank: 22
KMDIX Sharpe Ratio Rank: 19
KMDIX Sortino Ratio Rank: 20
KMDIX Omega Ratio Rank: 19
KMDIX Calmar Ratio Rank: 25
KMDIX Martin Ratio Rank: 28

FIMVX

FIMVX Risk / Return Rank: 63
FIMVX Sharpe Ratio Rank: 54
FIMVX Sortino Ratio Rank: 54
FIMVX Omega Ratio Rank: 48
FIMVX Calmar Ratio Rank: 82
FIMVX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KMDIX vs. FIMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keeley Mid Cap Dividend Value Fund (KMDIX) and Fidelity Mid Cap Value Index Fund (FIMVX). 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.

	KMDIX	FIMVX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.17	-0.91
Sortino ratio: Return per unit of downside risk	1.90	3.09	-1.19
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.84	3.79	-1.96
Martin ratio: Return relative to average drawdown	6.59	14.28	-7.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KMDIX vs. FIMVX - Sharpe Ratio Comparison

The current KMDIX Sharpe Ratio is 1.26, which is lower than the FIMVX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of KMDIX and FIMVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KMDIX	FIMVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	2.17	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.50	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.51	-0.23

Drawdowns

KMDIX vs. FIMVX - Drawdown Comparison

The maximum KMDIX drawdown since its inception was -73.51%, which is greater than FIMVX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for KMDIX and FIMVX.

Drawdown Indicators

	KMDIX	FIMVX	Difference
Max Drawdown Largest peak-to-trough decline	-73.51%	-43.61%	-29.90%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-7.52%	-3.04%
Max Drawdown (3Y) Largest decline over 3 years	-21.22%	-20.40%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-21.23%	+0.01%
Max Drawdown (10Y) Largest decline over 10 years	-73.51%	—	—
Current Drawdown Current decline from peak	-9.56%	0.00%	-9.56%
Average Drawdown Average peak-to-trough decline	-26.16%	-6.43%	-19.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.00%	+0.94%

Volatility

KMDIX vs. FIMVX - Volatility Comparison

Keeley Mid Cap Dividend Value Fund (KMDIX) has a higher volatility of 4.38% compared to Fidelity Mid Cap Value Index Fund (FIMVX) at 3.45%. This indicates that KMDIX's price experiences larger fluctuations and is considered to be riskier than FIMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMDIX	FIMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.45%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	9.56%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	13.16%	+2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	17.32%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.56%	21.84%	+30.72%

KMDIX vs. FIMVX - Expense Ratio Comparison

KMDIX has a 0.95% expense ratio, which is higher than FIMVX's 0.05% expense ratio.

Dividends

KMDIX vs. FIMVX - Dividend Comparison

KMDIX's dividend yield for the trailing twelve months is around 4.98%, more than FIMVX's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIMVX Fidelity Mid Cap Value Index Fund	2.15%	2.48%	4.44%	1.89%	2.75%	5.62%	1.23%	0.63%	0.00%	0.00%	0.00%	0.00%
KMDIX Keeley Mid Cap Dividend Value Fund	4.98%	6.03%	7.73%	5.40%	4.38%	1.14%	1.48%	2.42%	4.72%	0.82%	1.00%	5.46%

Frequently Asked Questions

Can I hold both KMDIX and FIMVX in my portfolio?

With a correlation of 0.93, KMDIX and FIMVX 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, KMDIX or FIMVX?

KMDIX has higher volatility (4.38%) compared to FIMVX (3.45%). In terms of maximum drawdown, KMDIX dropped -73.51% vs FIMVX's -43.61%.

Which has better risk-adjusted returns?

FIMVX currently has the higher Sharpe Ratio (2.17 vs 1.26), 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.