MLPIX vs. FASPX
MLPIX (ProFunds Mid Cap Value Fund) and FASPX (Fidelity Advisor Value Strategies Fund Class M) are both Mid Cap Value Equities funds. Over the past 10 years, MLPIX returned 8.80%/yr vs 11.39%/yr for FASPX. Their correlation of 0.94 means they have usually moved in the same direction. MLPIX charges 1.78%/yr vs 1.37%/yr for FASPX.
Performance
MLPIX vs. FASPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MLPIX achieves a 12.01% return, which is significantly lower than FASPX's 28.35% return. Over the past 10 years, MLPIX has underperformed FASPX with an annualized return of 8.80%, while FASPX has yielded a comparatively higher 11.39% annualized return.
MLPIX
- 1D
- -0.24%
- 1M
- 0.58%
- 6M
- 7.04%
- YTD
- 12.01%
- 1Y
- 20.77%
- 3Y*
- 9.94%
- 5Y*
- 7.24%
- 10Y*
- 8.80%
- ALL TIME*
- 7.53%
FASPX
- 1D
- -0.22%
- 1M
- 1.80%
- 6M
- 16.94%
- YTD
- 28.35%
- 1Y
- 42.96%
- 3Y*
- 12.20%
- 5Y*
- 9.96%
- 10Y*
- 11.39%
- ALL TIME*
- 8.65%
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 |
MLPIX vs. FASPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPIX ProFunds Mid Cap Value Fund | 12.01% | 5.48% | 9.65% | 13.32% | -8.61% | 28.23% | 1.85% | 24.02% | -13.08% | 10.45% |
FASPX Fidelity Advisor Value Strategies Fund Class M | 28.35% | 7.76% | -2.60% | 19.93% | -7.82% | 32.65% | 7.70% | 33.85% | -17.27% | 17.34% |
Correlation
The correlation between MLPIX and FASPX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001 | 0.94 |
The correlation between MLPIX and FASPX has been stable across timeframes, ranging from 0.93 to 0.95 - 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
MLPIX vs. FASPX — Risk / Return Rank
MLPIX
FASPX
MLPIX vs. FASPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Mid Cap Value Fund (MLPIX) and Fidelity Advisor Value Strategies Fund Class M (FASPX). 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.
| MLPIX | FASPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 4.14 | -2.38 |
| Martin ratioReturn relative to average drawdown | 6.13 | 15.98 | -9.85 |
Loading charts...
Drawdowns
MLPIX vs. FASPX - Drawdown Comparison
The maximum MLPIX drawdown since its inception was -60.11%, smaller than the maximum FASPX drawdown of -70.11%. Use the drawdown chart below to compare losses from any high point for MLPIX and FASPX.
Loading charts...
Drawdown Indicators
| MLPIX | FASPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -70.11% | +10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.84% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -34.53% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -34.53% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.96% | -48.02% | +2.06% |
Current DrawdownCurrent decline from peak | -1.26% | -1.13% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -9.80% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.55% | +0.52% |
Volatility
MLPIX vs. FASPX - Volatility Comparison
ProFunds Mid Cap Value Fund (MLPIX) and Fidelity Advisor Value Strategies Fund Class M (FASPX) have volatilities of 3.37% and 3.26%, 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
| MLPIX | FASPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.26% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 11.72% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 16.94% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 20.59% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 21.95% | -0.63% |
MLPIX vs. FASPX - Expense Ratio Comparison
MLPIX has a 1.78% expense ratio, which is higher than FASPX's 1.37% expense ratio.
Dividends
MLPIX vs. FASPX - Dividend Comparison
MLPIX's dividend yield for the trailing twelve months is around 0.42%, less than FASPX's 7.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASPX Fidelity Advisor Value Strategies Fund Class M | 7.26% | 9.32% | 0.00% | 2.40% | 1.93% | 7.80% | 0.55% | 4.98% | 15.67% | 7.26% | 21.61% | 0.80% |
MLPIX ProFunds Mid Cap Value Fund | 0.42% | 0.47% | 0.00% | 0.00% | 0.00% | 0.89% | 0.22% | 0.40% | 3.92% | 10.95% | 0.56% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, MLPIX and FASPX 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.
MLPIX has higher volatility (3.37%) compared to FASPX (3.26%). In terms of maximum drawdown, MLPIX dropped -60.11% vs FASPX's -70.11%.
FASPX currently has the higher Sharpe Ratio (2.41 vs 1.27), 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 MLPIX and FASPX
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