MCVIX vs. FVCSX
MCVIX (MFS Mid Cap Value Fund Class I) and FVCSX (Fidelity Advisor Value Strategies Fund Class C) are both Mid Cap Value Equities funds. Over the past 10 years, MCVIX returned 10.39%/yr vs 10.34%/yr for FVCSX. Their correlation of 0.95 means they have usually moved in the same direction. MCVIX charges 0.72%/yr vs 1.92%/yr for FVCSX.
Performance
MCVIX vs. FVCSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MCVIX achieves a 15.23% return, which is significantly lower than FVCSX's 28.24% return. Both investments have delivered pretty close results over the past 10 years, with MCVIX having a 10.39% annualized return and FVCSX not far behind at 10.34%.
MCVIX
- 1D
- -0.44%
- 1M
- 1.47%
- 6M
- 10.99%
- YTD
- 15.23%
- 1Y
- 21.45%
- 3Y*
- 12.89%
- 5Y*
- 9.43%
- 10Y*
- 10.39%
- ALL TIME*
- 9.96%
FVCSX
- 1D
- -0.10%
- 1M
- 1.97%
- 6M
- 18.57%
- YTD
- 28.24%
- 1Y
- 42.56%
- 3Y*
- 10.30%
- 5Y*
- 8.61%
- 10Y*
- 10.34%
- ALL TIME*
- 6.50%
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 |
MCVIX vs. FVCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCVIX MFS Mid Cap Value Fund Class I | 15.23% | 6.33% | 13.88% | 12.80% | -8.74% | 30.79% | 4.27% | 30.87% | -11.48% | 13.67% |
FVCSX Fidelity Advisor Value Strategies Fund Class C | 28.24% | 7.23% | -6.69% | 19.32% | -8.35% | 31.94% | 7.10% | 33.09% | -17.58% | 16.92% |
Correlation
The correlation between MCVIX and FVCSX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2001 | 0.95 |
The correlation between MCVIX and FVCSX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MCVIX vs. FVCSX — Risk / Return Rank
MCVIX
FVCSX
MCVIX vs. FVCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Mid Cap Value Fund Class I (MCVIX) and Fidelity Advisor Value Strategies Fund Class C (FVCSX). 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.
| MCVIX | FVCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.93 | -1.84 |
| Martin ratioReturn relative to average drawdown | 7.27 | 15.12 | -7.84 |
Loading charts...
Drawdowns
MCVIX vs. FVCSX - Drawdown Comparison
The maximum MCVIX drawdown since its inception was -59.64%, smaller than the maximum FVCSX drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for MCVIX and FVCSX.
Loading charts...
Drawdown Indicators
| MCVIX | FVCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.64% | -70.38% | +10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -9.89% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -37.07% | +16.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -37.07% | +16.06% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | -48.07% | +5.28% |
Current DrawdownCurrent decline from peak | -1.37% | -0.94% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -11.14% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.58% | +0.11% |
Volatility
MCVIX vs. FVCSX - Volatility Comparison
MFS Mid Cap Value Fund Class I (MCVIX) and Fidelity Advisor Value Strategies Fund Class C (FVCSX) have volatilities of 3.33% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MCVIX | FVCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.27% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 11.74% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.42% | 17.02% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 20.97% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 22.13% | -2.95% |
MCVIX vs. FVCSX - Expense Ratio Comparison
MCVIX has a 0.72% expense ratio, which is lower than FVCSX's 1.92% expense ratio.
Dividends
MCVIX vs. FVCSX - Dividend Comparison
MCVIX's dividend yield for the trailing twelve months is around 7.08%, less than FVCSX's 10.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVCSX Fidelity Advisor Value Strategies Fund Class C | 10.20% | 13.08% | 0.00% | 2.96% | 2.23% | 9.80% | 0.33% | 5.50% | 18.83% | 8.78% | 25.66% | 0.43% |
MCVIX MFS Mid Cap Value Fund Class I | 7.08% | 8.16% | 10.88% | 2.88% | 5.32% | 5.78% | 0.99% | 2.20% | 6.49% | 3.53% | 0.06% | 4.74% |
Frequently Asked Questions
With a correlation of 0.91, MCVIX and FVCSX 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.
MCVIX has higher volatility (3.33%) compared to FVCSX (3.27%). In terms of maximum drawdown, MCVIX dropped -59.64% vs FVCSX's -70.38%.
FVCSX currently has the higher Sharpe Ratio (2.29 vs 1.46), 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.
Find the right allocation for MCVIX and FVCSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer