NQVRX vs. FIMVX
NQVRX (Nuveen Multi Cap Value Fund) and FIMVX (Fidelity Mid Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 5 years, NQVRX returned 14.02%/yr vs 9.70%/yr for FIMVX. Their correlation of 0.95 means they have usually moved in the same direction. NQVRX charges 1.00%/yr vs 0.05%/yr for FIMVX.
Performance
NQVRX vs. FIMVX - Performance Comparison
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Returns By Period
In the year-to-date period, NQVRX achieves a 16.81% return, which is significantly lower than FIMVX's 19.64% return.
NQVRX
- 1D
- 1.25%
- 1M
- 0.34%
- 6M
- 11.78%
- YTD
- 16.81%
- 1Y
- 29.50%
- 3Y*
- 18.78%
- 5Y*
- 14.02%
- 10Y*
- 13.28%
- ALL TIME*
- 8.58%
FIMVX
- 1D
- -0.28%
- 1M
- 0.89%
- 6M
- 14.72%
- YTD
- 19.64%
- 1Y
- 28.18%
- 3Y*
- 15.49%
- 5Y*
- 9.70%
- 10Y*
- —
- ALL TIME*
- 11.47%
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 |
NQVRX vs. FIMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NQVRX Nuveen Multi Cap Value Fund | 16.81% | 17.89% | 19.25% | 15.94% | -1.02% | 28.56% | -0.27% | 5.26% |
FIMVX Fidelity Mid Cap Value Index Fund | 19.64% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
Correlation
The correlation between NQVRX and FIMVX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.95 |
The correlation between NQVRX and FIMVX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
NQVRX vs. FIMVX — Risk / Return Rank
NQVRX
FIMVX
NQVRX vs. FIMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi Cap Value Fund (NQVRX) 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.
| NQVRX | FIMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 3.43 | +0.32 |
| Martin ratioReturn relative to average drawdown | 14.23 | 13.17 | +1.05 |
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Drawdowns
NQVRX vs. FIMVX - Drawdown Comparison
The maximum NQVRX drawdown since its inception was -67.80%, which is greater than FIMVX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for NQVRX and FIMVX.
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Drawdown Indicators
| NQVRX | FIMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.80% | -43.61% | -24.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -7.52% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -20.40% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -21.23% | +3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -42.26% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.15% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -6.29% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.96% | -0.02% |
Volatility
NQVRX vs. FIMVX - Volatility Comparison
Nuveen Multi Cap Value Fund (NQVRX) has a higher volatility of 3.28% compared to Fidelity Mid Cap Value Index Fund (FIMVX) at 2.93%. This indicates that NQVRX'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.
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Volatility by Period
| NQVRX | FIMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.93% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 9.94% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 13.48% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 17.27% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 21.68% | -2.71% |
NQVRX vs. FIMVX - Expense Ratio Comparison
NQVRX has a 1.00% expense ratio, which is higher than FIMVX's 0.05% expense ratio.
Dividends
NQVRX vs. FIMVX - Dividend Comparison
NQVRX's dividend yield for the trailing twelve months is around 1.60%, less than FIMVX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.07% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
NQVRX Nuveen Multi Cap Value Fund | 1.60% | 1.87% | 1.86% | 1.29% | 1.42% | 1.23% | 3.40% | 1.34% | 0.00% | 1.99% | 1.02% | 1.05% |
Frequently Asked Questions
NQVRX and FIMVX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NQVRX has higher volatility (3.28%) compared to FIMVX (2.93%). In terms of maximum drawdown, NQVRX dropped -67.80% vs FIMVX's -43.61%.
NQVRX currently has the higher Sharpe Ratio (2.09 vs 1.92), 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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