KSMIX vs. FIMVX
KSMIX (Keeley Small-Mid Cap Value Fund) and FIMVX (Fidelity Mid Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 5 years, KSMIX returned 9.88%/yr vs 9.70%/yr for FIMVX. Their 0.95 correlation means they have historically moved very closely together. KSMIX charges 1.18%/yr vs 0.05%/yr for FIMVX.
Performance
KSMIX vs. FIMVX - Performance Comparison
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Returns By Period
In the year-to-date period, KSMIX achieves a 17.84% return, which is significantly lower than FIMVX's 19.64% return.
KSMIX
- 1D
- 0.00%
- 1M
- 1.33%
- 6M
- 12.28%
- YTD
- 17.84%
- 1Y
- 24.27%
- 3Y*
- 16.07%
- 5Y*
- 9.88%
- 10Y*
- 10.81%
- ALL TIME*
- 9.06%
FIMVX
- 1D
- -0.28%
- 1M
- 0.89%
- 6M
- 14.72%
- YTD
- 19.64%
- 1Y
- 28.18%
- 3Y*
- 15.49%
- 5Y*
- 9.70%
- 10Y*
- —
- ALL TIME*
- 11.47%
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 |
KSMIX vs. FIMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KSMIX Keeley Small-Mid Cap Value Fund | 17.84% | 9.86% | 14.18% | 19.43% | -12.85% | 26.28% | 0.79% | 10.61% |
FIMVX Fidelity Mid Cap Value Index Fund | 19.64% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
Correlation
The correlation between KSMIX and FIMVX 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. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.95 |
The correlation between KSMIX and FIMVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
KSMIX vs. FIMVX — Risk / Return Rank
KSMIX
FIMVX
KSMIX vs. FIMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Keeley Small-Mid Cap Value Fund (KSMIX) 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.
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.
| KSMIX | FIMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.43 | -1.05 |
| Martin ratioReturn relative to average drawdown | 8.81 | 13.17 | -4.36 |
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Drawdowns
KSMIX vs. FIMVX - Drawdown Comparison
The maximum KSMIX drawdown since its inception was -67.52%, which is greater than FIMVX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for KSMIX and FIMVX.
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Drawdown Indicators
| KSMIX | FIMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.52% | -43.61% | -23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -7.52% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -29.45% | -20.40% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.45% | -21.23% | -8.22% |
Max Drawdown (10Y)Largest decline over 10 years | -52.10% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.15% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -10.96% | -6.29% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.96% | +0.60% |
Volatility
KSMIX vs. FIMVX - Volatility Comparison
Keeley Small-Mid Cap Value Fund (KSMIX) has a higher volatility of 3.76% compared to Fidelity Mid Cap Value Index Fund (FIMVX) at 2.93%. This indicates that KSMIX'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.
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Volatility by Period
| KSMIX | FIMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.93% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 9.94% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 13.48% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 17.27% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.97% | 21.68% | +2.29% |
KSMIX vs. FIMVX - Expense Ratio Comparison
KSMIX has a 1.18% expense ratio, which is higher than FIMVX's 0.05% expense ratio.
Dividends
KSMIX vs. FIMVX - Dividend Comparison
KSMIX's dividend yield for the trailing twelve months is around 8.60%, more than FIMVX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.07% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
KSMIX Keeley Small-Mid Cap Value Fund | 8.60% | 10.14% | 14.14% | 9.24% | 15.42% | 28.48% | 5.46% | 18.92% | 14.34% | 11.18% | 8.70% | 4.14% |
Frequently Asked Questions
With a correlation of 0.90, KSMIX 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.
KSMIX has higher volatility (3.76%) compared to FIMVX (2.93%). In terms of maximum drawdown, KSMIX dropped -67.52% vs FIMVX's -43.61%.
FIMVX currently has the higher Sharpe Ratio (1.92 vs 1.53), 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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