NMAVX vs. FMPOX
NMAVX (Nuance Mid Cap Value Fund) and FMPOX (Fidelity Advisor Mid Cap Value Fund Class I) are both Mid Cap Value Equities funds. Over the past 10 years, NMAVX returned 8.48%/yr vs 11.76%/yr for FMPOX. Their correlation of 0.83 means they have usually moved in the same direction. NMAVX charges 1.22%/yr vs 0.59%/yr for FMPOX.
Performance
NMAVX vs. FMPOX - Performance Comparison
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Returns By Period
In the year-to-date period, NMAVX achieves a 14.11% return, which is significantly lower than FMPOX's 26.42% return. Over the past 10 years, NMAVX has underperformed FMPOX with an annualized return of 8.48%, while FMPOX has yielded a comparatively higher 11.76% annualized return.
NMAVX
- 1D
- -0.98%
- 1M
- 1.87%
- 6M
- 8.36%
- YTD
- 14.11%
- 1Y
- 17.62%
- 3Y*
- 6.97%
- 5Y*
- 4.62%
- 10Y*
- 8.48%
- ALL TIME*
- 8.21%
FMPOX
- 1D
- 0.32%
- 1M
- 1.50%
- 6M
- 19.54%
- YTD
- 26.42%
- 1Y
- 41.75%
- 3Y*
- 20.26%
- 5Y*
- 14.05%
- 10Y*
- 11.76%
- ALL TIME*
- 9.47%
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 |
NMAVX vs. FMPOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMAVX Nuance Mid Cap Value Fund | 14.11% | 1.91% | 5.20% | 6.44% | -5.26% | 11.10% | 4.41% | 30.71% | -5.44% | 14.81% |
FMPOX Fidelity Advisor Mid Cap Value Fund Class I | 26.42% | 13.02% | 14.48% | 22.51% | -10.62% | 33.96% | 0.95% | 23.61% | -18.93% | 17.03% |
Correlation
The correlation between NMAVX and FMPOX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.83 |
Over the past year, the correlation between NMAVX and FMPOX has dropped to 0.63 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
NMAVX vs. FMPOX — Risk / Return Rank
NMAVX
FMPOX
NMAVX vs. FMPOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuance Mid Cap Value Fund (NMAVX) and Fidelity Advisor Mid Cap Value Fund Class I (FMPOX). 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.
| NMAVX | FMPOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.71 | -1.97 |
| Martin ratioReturn relative to average drawdown | 4.36 | 14.69 | -10.32 |
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Drawdowns
NMAVX vs. FMPOX - Drawdown Comparison
The maximum NMAVX drawdown since its inception was -30.93%, smaller than the maximum FMPOX drawdown of -61.76%. Use the drawdown chart below to compare losses from any high point for NMAVX and FMPOX.
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Drawdown Indicators
| NMAVX | FMPOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -61.76% | +30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -10.29% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -23.74% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -23.74% | +5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | -45.11% | +14.18% |
Current DrawdownCurrent decline from peak | -1.25% | -0.96% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -9.00% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.60% | +1.29% |
Volatility
NMAVX vs. FMPOX - Volatility Comparison
Nuance Mid Cap Value Fund (NMAVX) has a higher volatility of 4.17% compared to Fidelity Advisor Mid Cap Value Fund Class I (FMPOX) at 3.33%. This indicates that NMAVX's price experiences larger fluctuations and is considered to be riskier than FMPOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMAVX | FMPOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.33% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 12.27% | -3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 16.56% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 20.16% | -6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 21.11% | -6.14% |
NMAVX vs. FMPOX - Expense Ratio Comparison
NMAVX has a 1.22% expense ratio, which is higher than FMPOX's 0.59% expense ratio.
Dividends
NMAVX vs. FMPOX - Dividend Comparison
NMAVX's dividend yield for the trailing twelve months is around 0.83%, less than FMPOX's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMPOX Fidelity Advisor Mid Cap Value Fund Class I | 6.21% | 8.26% | 10.51% | 1.17% | 13.25% | 1.31% | 2.00% | 1.86% | 14.92% | 8.99% | 1.37% | 5.23% |
NMAVX Nuance Mid Cap Value Fund | 0.83% | 1.00% | 7.55% | 1.78% | 9.05% | 11.98% | 0.61% | 5.91% | 7.16% | 7.05% | 1.83% | 4.24% |
Frequently Asked Questions
NMAVX and FMPOX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMAVX has higher volatility (4.17%) compared to FMPOX (3.33%). In terms of maximum drawdown, NMAVX dropped -30.93% vs FMPOX's -61.76%.
FMPOX currently has the higher Sharpe Ratio (2.31 vs 1.44), 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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