KMDIX vs. FSLSX

Last updated Jun 26, 2026

KMDIX (Keeley Mid Cap Dividend Value Fund) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds. Over the past 10 years, KMDIX returned 10.65%/yr vs 12.13%/yr for FSLSX. Their correlation of 0.95 suggests significant overlap in exposure. KMDIX charges 0.95%/yr vs 0.86%/yr for FSLSX.

Performance

KMDIX vs. FSLSX - Performance Comparison

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

Returns By Period

In the year-to-date period, KMDIX achieves a 14.32% return, which is significantly lower than FSLSX's 23.71% return. Over the past 10 years, KMDIX has underperformed FSLSX with an annualized return of 10.65%, while FSLSX has yielded a comparatively higher 12.13% annualized return.

KMDIX

• 1D: 1.02%
• 1M: 2.61%
• YTD: 14.32%
• 6M: 12.49%
• 1Y: 20.45%
• 3Y*: 17.10%
• 5Y*: 9.73%
• 10Y*: 10.65%

FSLSX

• 1D: 0.79%
• 1M: 2.82%
• YTD: 23.71%
• 6M: 12.78%
• 1Y: 29.52%
• 3Y*: 16.69%
• 5Y*: 9.90%
• 10Y*: 12.13%

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

KMDIX vs. FSLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KMDIX Keeley Mid Cap Dividend Value Fund	14.32%	9.35%	14.71%	12.72%	-5.27%	24.84%	-1.56%	25.93%	-12.60%	15.98%
FSLSX Fidelity Value Strategies Fund	23.71%	0.24%	9.25%	20.54%	-7.37%	33.32%	8.24%	34.54%	-16.90%	17.49%

Correlation

The correlation between KMDIX and FSLSX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011	0.95

The correlation between KMDIX and FSLSX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

KMDIX vs. FSLSX — Risk / Return Rank

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

KMDIX

KMDIX Risk / Return Rank: 31
KMDIX Sharpe Ratio Rank: 28
KMDIX Sortino Ratio Rank: 30
KMDIX Omega Ratio Rank: 28
KMDIX Calmar Ratio Rank: 33
KMDIX Martin Ratio Rank: 34

FSLSX

FSLSX Risk / Return Rank: 47
FSLSX Sharpe Ratio Rank: 37
FSLSX Sortino Ratio Rank: 33
FSLSX Omega Ratio Rank: 38
FSLSX Calmar Ratio Rank: 74
FSLSX Martin Ratio Rank: 54

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. FSLSX - Risk-Adjusted Trends Comparison

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

	KMDIX	FSLSX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.50	-0.26
Sortino ratio: Return per unit of downside risk	1.88	2.03	-0.15
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	1.83	2.92	-1.09
Martin ratio: Return relative to average drawdown	6.54	9.51	-2.97

KMDIX vs. FSLSX - Sharpe Ratio Comparison

The current KMDIX Sharpe Ratio is 1.25, which is comparable to the FSLSX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of KMDIX and FSLSX, 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

KMDIX vs. FSLSX - Drawdown Comparison

The maximum KMDIX drawdown since its inception was -73.51%, which is greater than FSLSX's maximum drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for KMDIX and FSLSX.

Drawdown Indicators

	KMDIX	FSLSX	Difference
Max Drawdown Largest peak-to-trough decline	-73.51%	-69.87%	-3.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-9.79%	-0.77%
Max Drawdown (3Y) Largest decline over 3 years	-21.22%	-26.81%	+5.59%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-26.81%	+5.59%
Max Drawdown (10Y) Largest decline over 10 years	-73.51%	-47.98%	-25.53%
Current Drawdown Current decline from peak	-6.93%	-0.78%	-6.15%
Average Drawdown Average peak-to-trough decline	-26.09%	-8.26%	-17.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.00%	-0.05%

Volatility

KMDIX vs. FSLSX - Volatility Comparison

The current volatility for Keeley Mid Cap Dividend Value Fund (KMDIX) is 4.00%, while Fidelity Value Strategies Fund (FSLSX) has a volatility of 5.14%. This indicates that KMDIX experiences smaller price fluctuations and is considered to be less risky than FSLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMDIX	FSLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	5.14%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	14.86%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	19.11%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	20.52%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.55%	21.91%	+30.64%

KMDIX vs. FSLSX - Expense Ratio Comparison

KMDIX has a 0.95% expense ratio, which is higher than FSLSX's 0.86% expense ratio.

Dividends

KMDIX vs. FSLSX - Dividend Comparison

KMDIX's dividend yield for the trailing twelve months is around 4.83%, 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%
KMDIX Keeley Mid Cap Dividend Value Fund	4.83%	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 FSLSX in my portfolio?

KMDIX and FSLSX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KMDIX or FSLSX?

FSLSX has higher volatility (5.14%) compared to KMDIX (4.00%). In terms of maximum drawdown, KMDIX dropped -73.51% vs FSLSX's -69.87%.

Which has better risk-adjusted returns?

FSLSX currently has the higher Sharpe Ratio (1.50 vs 1.25), 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.