MISEX vs. FULVX

Last updated Jun 25, 2026

MISEX (Midas Magic) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both Large Cap Blend Equities funds. A 0.73 correlation means they provide meaningful diversification when combined. MISEX charges 2.95%/yr vs 0.66%/yr for FULVX.

Performance

MISEX vs. FULVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Midas Magic (MISEX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MISEX

• 1D: -1.33%
• 1M: 0.24%
• YTD: 12.15%
• 6M: 10.22%
• 1Y: 46.49%
• 3Y*: 29.81%
• 5Y*: 15.97%
• 10Y*: 16.80%

FULVX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MISEX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MISEX Midas Magic	12.15%	29.83%	26.58%	32.71%	-23.29%	38.28%	13.69%	5.45%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%

Correlation

The correlation between MISEX and FULVX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.73

Over the past year, the correlation between MISEX and FULVX has dropped to 0.45 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

MISEX vs. FULVX — Risk / Return Rank

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

MISEX

MISEX Risk / Return Rank: 76
MISEX Sharpe Ratio Rank: 89
MISEX Sortino Ratio Rank: 86
MISEX Omega Ratio Rank: 77
MISEX Calmar Ratio Rank: 65
MISEX Martin Ratio Rank: 62

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MISEX vs. FULVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Midas Magic (MISEX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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.

	MISEX	FULVX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	—	—
Sortino ratio: Return per unit of downside risk	3.69	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	2.86	—	—
Martin ratio: Return relative to average drawdown	11.06	—	—

Drawdowns

Drawdown Indicators

	MISEX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-71.80%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.11%	—	—
Current Drawdown Current decline from peak	-3.65%	—	—
Average Drawdown Average peak-to-trough decline	-21.39%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	—	—

Volatility

Volatility by Period

	MISEX	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	—	—

MISEX vs. FULVX - Expense Ratio Comparison

MISEX has a 2.95% expense ratio, which is higher than FULVX's 0.66% expense ratio.

Dividends

MISEX vs. FULVX - Dividend Comparison

MISEX's dividend yield for the trailing twelve months is around 7.98%, which matches FULVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%
MISEX Midas Magic	7.98%	8.95%	2.03%	2.17%	5.23%	6.96%	2.81%	4.69%	4.49%	2.79%	23.93%	23.05%

Frequently Asked Questions

Can I hold both MISEX and FULVX in my portfolio?

MISEX and FULVX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.