NAMAX vs. FIMVX

Last updated Jun 24, 2026

NAMAX (Columbia Select Mid Cap Value Fund) and FIMVX (Fidelity Mid Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 5 years, NAMAX returned 11.84%/yr vs 9.52%/yr for FIMVX. With a 0.97 correlation, they move nearly in lockstep. NAMAX charges 0.88%/yr vs 0.05%/yr for FIMVX.

Performance

NAMAX vs. FIMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Mid Cap Value Fund (NAMAX) and Fidelity Mid Cap Value Index Fund (FIMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAMAX achieves a 22.50% return, which is significantly higher than FIMVX's 17.15% return.

NAMAX

• 1D: 1.10%
• 1M: 5.16%
• YTD: 22.50%
• 6M: 21.50%
• 1Y: 37.60%
• 3Y*: 19.89%
• 5Y*: 11.84%
• 10Y*: 11.78%

FIMVX

• 1D: 0.67%
• 1M: 3.74%
• YTD: 17.15%
• 6M: 15.81%
• 1Y: 28.30%
• 3Y*: 17.86%
• 5Y*: 9.52%
• 10Y*: —

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

NAMAX vs. FIMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NAMAX Columbia Select Mid Cap Value Fund	22.50%	13.77%	13.14%	9.65%	-9.33%	32.28%	6.90%	7.82%
FIMVX Fidelity Mid Cap Value Index Fund	17.15%	11.01%	13.02%	12.75%	-12.08%	28.21%	4.74%	7.42%

Correlation

The correlation between NAMAX and FIMVX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.97

The correlation between NAMAX and FIMVX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

NAMAX vs. FIMVX — Risk / Return Rank

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

NAMAX

NAMAX Risk / Return Rank: 88
NAMAX Sharpe Ratio Rank: 90
NAMAX Sortino Ratio Rank: 86
NAMAX Omega Ratio Rank: 79
NAMAX Calmar Ratio Rank: 92
NAMAX Martin Ratio Rank: 93

FIMVX

FIMVX Risk / Return Rank: 72
FIMVX Sharpe Ratio Rank: 66
FIMVX Sortino Ratio Rank: 66
FIMVX Omega Ratio Rank: 56
FIMVX Calmar Ratio Rank: 86
FIMVX Martin Ratio Rank: 85

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.

NAMAX vs. FIMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Mid Cap Value Fund (NAMAX) 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.

	NAMAX	FIMVX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.18	+0.56
Sortino ratio: Return per unit of downside risk	3.82	3.09	+0.73
Omega ratio: Gain probability vs. loss probability	1.47	1.38	+0.09
Calmar ratio: Return relative to maximum drawdown	4.62	3.92	+0.69
Martin ratio: Return relative to average drawdown	18.02	14.69	+3.33

NAMAX vs. FIMVX - Sharpe Ratio Comparison

The current NAMAX Sharpe Ratio is 2.74, which is comparable to the FIMVX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of NAMAX and FIMVX, 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

NAMAX vs. FIMVX - Drawdown Comparison

The maximum NAMAX drawdown since its inception was -60.44%, which is greater than FIMVX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for NAMAX and FIMVX.

Drawdown Indicators

	NAMAX	FIMVX	Difference
Max Drawdown Largest peak-to-trough decline	-60.44%	-43.61%	-16.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.49%	-7.52%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-20.40%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-20.90%	-21.23%	+0.33%
Max Drawdown (10Y) Largest decline over 10 years	-43.24%	—	—
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-8.49%	-6.38%	-2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.01%	+0.16%

Volatility

NAMAX vs. FIMVX - Volatility Comparison

Columbia Select Mid Cap Value Fund (NAMAX) has a higher volatility of 4.58% compared to Fidelity Mid Cap Value Index Fund (FIMVX) at 4.24%. This indicates that NAMAX'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.

Volatility by Period

	NAMAX	FIMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	4.24%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	10.02%	+0.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	13.55%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	17.34%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	21.80%	-1.71%

NAMAX vs. FIMVX - Expense Ratio Comparison

NAMAX has a 0.88% expense ratio, which is higher than FIMVX's 0.05% expense ratio.

Dividends

NAMAX vs. FIMVX - Dividend Comparison

NAMAX's dividend yield for the trailing twelve months is around 6.08%, more than FIMVX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIMVX Fidelity Mid Cap Value Index Fund	2.12%	2.48%	4.44%	1.89%	2.75%	5.62%	1.23%	0.63%	0.00%	0.00%	0.00%	0.00%
NAMAX Columbia Select Mid Cap Value Fund	6.08%	6.71%	7.07%	0.74%	6.39%	8.99%	3.22%	3.38%	27.38%	21.08%	8.07%	17.05%

Frequently Asked Questions

Can I hold both NAMAX and FIMVX in my portfolio?

With a correlation of 0.94, NAMAX 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.

Which is riskier, NAMAX or FIMVX?

NAMAX has higher volatility (4.58%) compared to FIMVX (4.24%). In terms of maximum drawdown, NAMAX dropped -60.44% vs FIMVX's -43.61%.

Which has better risk-adjusted returns?

NAMAX currently has the higher Sharpe Ratio (2.74 vs 2.18), 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.