NDVAX vs. FIKNX
NDVAX (MFS New Discovery Value Fund Class A) and FIKNX (Fidelity Advisor Small Cap Value Fund Class Z) are both Small Cap Value Equities funds. Over the past 5 years, NDVAX returned 6.01%/yr vs 10.34%/yr for FIKNX. Their 0.97 correlation means they have historically moved very closely together. NDVAX charges 1.21%/yr vs 0.87%/yr for FIKNX.
Performance
NDVAX vs. FIKNX - Performance Comparison
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Returns By Period
In the year-to-date period, NDVAX achieves a 13.97% return, which is significantly lower than FIKNX's 25.69% return.
NDVAX
- 1D
- 0.26%
- 1M
- -0.89%
- 6M
- 8.23%
- YTD
- 13.97%
- 1Y
- 21.74%
- 3Y*
- 9.18%
- 5Y*
- 6.01%
- 10Y*
- 10.41%
- ALL TIME*
- 10.63%
FIKNX
- 1D
- 0.32%
- 1M
- -0.91%
- 6M
- 19.82%
- YTD
- 25.69%
- 1Y
- 39.03%
- 3Y*
- 15.38%
- 5Y*
- 10.34%
- 10Y*
- —
- ALL TIME*
- 12.14%
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 |
NDVAX vs. FIKNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NDVAX MFS New Discovery Value Fund Class A | 13.97% | 2.16% | 9.07% | 10.92% | -11.02% | 33.30% | 5.44% | 33.31% | -13.42% |
FIKNX Fidelity Advisor Small Cap Value Fund Class Z | 25.69% | 8.18% | 8.00% | 17.97% | -12.98% | 38.27% | 11.35% | 20.98% | -13.08% |
Correlation
The correlation between NDVAX and FIKNX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.97 |
The correlation between NDVAX and FIKNX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
NDVAX vs. FIKNX — Risk / Return Rank
NDVAX
FIKNX
NDVAX vs. FIKNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS New Discovery Value Fund Class A (NDVAX) and Fidelity Advisor Small Cap Value Fund Class Z (FIKNX). 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.
| NDVAX | FIKNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.39 | -1.68 |
| Martin ratioReturn relative to average drawdown | 5.54 | 12.14 | -6.59 |
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Drawdowns
NDVAX vs. FIKNX - Drawdown Comparison
The maximum NDVAX drawdown since its inception was -44.06%, roughly equal to the maximum FIKNX drawdown of -44.09%. Use the drawdown chart below to compare losses from any high point for NDVAX and FIKNX.
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Drawdown Indicators
| NDVAX | FIKNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.06% | -44.09% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -10.35% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -24.87% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -24.87% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -44.06% | — | — |
Current DrawdownCurrent decline from peak | -1.35% | -2.37% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -7.53% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.89% | +0.47% |
Volatility
NDVAX vs. FIKNX - Volatility Comparison
The current volatility for MFS New Discovery Value Fund Class A (NDVAX) is 3.45%, while Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) has a volatility of 4.21%. This indicates that NDVAX experiences smaller price fluctuations and is considered to be less risky than FIKNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDVAX | FIKNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 4.21% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 13.49% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 17.93% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 20.87% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 24.49% | -2.70% |
NDVAX vs. FIKNX - Expense Ratio Comparison
NDVAX has a 1.21% expense ratio, which is higher than FIKNX's 0.87% expense ratio.
Dividends
NDVAX vs. FIKNX - Dividend Comparison
NDVAX's dividend yield for the trailing twelve months is around 6.21%, less than FIKNX's 8.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKNX Fidelity Advisor Small Cap Value Fund Class Z | 8.15% | 10.24% | 4.82% | 5.32% | 5.92% | 8.07% | 0.58% | 3.65% | 8.42% | 0.00% | 0.00% | 0.00% |
NDVAX MFS New Discovery Value Fund Class A | 6.21% | 10.62% | 6.38% | 6.06% | 8.07% | 9.19% | 3.82% | 4.60% | 7.86% | 5.16% | 4.29% | 3.15% |
Frequently Asked Questions
With a correlation of 0.94, NDVAX and FIKNX 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.
FIKNX has higher volatility (4.21%) compared to NDVAX (3.45%). In terms of maximum drawdown, NDVAX dropped -44.06% vs FIKNX's -44.09%.
FIKNX currently has the higher Sharpe Ratio (1.96 vs 1.14), 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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