PRVIX vs. FISVX
PRVIX (T. Rowe Price Small-Cap Value Fund Class I) and FISVX (Fidelity Small Cap Value Index Fund) are both Small Cap Value Equities funds tracking the Russell 2000 Value Index, from T. Rowe Price and Fidelity respectively. Both are passively managed. Over the past 5 years, PRVIX returned 7.24%/yr vs 9.16%/yr for FISVX. Their 0.97 correlation means they have historically moved very closely together. PRVIX charges 0.66%/yr vs 0.05%/yr for FISVX.
Performance
PRVIX vs. FISVX - Performance Comparison
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Returns By Period
In the year-to-date period, PRVIX achieves a 20.02% return, which is significantly lower than FISVX's 23.30% return.
PRVIX
- 1D
- 0.38%
- 1M
- -1.64%
- 6M
- 11.97%
- YTD
- 20.02%
- 1Y
- 34.71%
- 3Y*
- 13.78%
- 5Y*
- 7.24%
- 10Y*
- 10.46%
- ALL TIME*
- 10.74%
FISVX
- 1D
- 0.09%
- 1M
- 0.32%
- 6M
- 15.40%
- YTD
- 23.30%
- 1Y
- 43.97%
- 3Y*
- 16.04%
- 5Y*
- 9.16%
- 10Y*
- —
- ALL TIME*
- 11.61%
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 |
PRVIX vs. FISVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRVIX T. Rowe Price Small-Cap Value Fund Class I | 20.02% | 8.44% | 10.96% | 12.46% | -18.42% | 25.60% | 12.58% | 6.81% |
FISVX Fidelity Small Cap Value Index Fund | 23.30% | 12.70% | 8.16% | 14.72% | -14.42% | 28.26% | 4.49% | 9.54% |
Correlation
The correlation between PRVIX and FISVX 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 Jul 17, 2019 | 0.97 |
The correlation between PRVIX and FISVX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
PRVIX vs. FISVX — Risk / Return Rank
PRVIX
FISVX
PRVIX vs. FISVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Cap Value Fund Class I (PRVIX) and Fidelity Small Cap Value Index Fund (FISVX). 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.
| PRVIX | FISVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 4.64 | -0.98 |
| Martin ratioReturn relative to average drawdown | 13.95 | 16.78 | -2.82 |
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Drawdowns
PRVIX vs. FISVX - Drawdown Comparison
The maximum PRVIX drawdown since its inception was -40.95%, smaller than the maximum FISVX drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for PRVIX and FISVX.
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Drawdown Indicators
| PRVIX | FISVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.95% | -44.66% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -8.54% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.57% | -26.50% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -28.00% | -26.50% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.95% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -0.97% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -10.12% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.36% | +0.03% |
Volatility
PRVIX vs. FISVX - Volatility Comparison
T. Rowe Price Small-Cap Value Fund Class I (PRVIX) and Fidelity Small Cap Value Index Fund (FISVX) have volatilities of 3.27% and 3.16%, 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.
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Volatility by Period
| PRVIX | FISVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.16% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 12.00% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.88% | 17.61% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 21.52% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 26.52% | -5.49% |
PRVIX vs. FISVX - Expense Ratio Comparison
PRVIX has a 0.66% expense ratio, which is higher than FISVX's 0.05% expense ratio.
Dividends
PRVIX vs. FISVX - Dividend Comparison
PRVIX's dividend yield for the trailing twelve months is around 10.09%, more than FISVX's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISVX Fidelity Small Cap Value Index Fund | 1.77% | 2.18% | 1.70% | 2.06% | 3.69% | 9.55% | 1.33% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
PRVIX T. Rowe Price Small-Cap Value Fund Class I | 10.09% | 12.11% | 9.96% | 3.40% | 5.54% | 7.15% | 2.12% | 4.72% | 9.61% | 3.79% | 3.88% | 22.61% |
Frequently Asked Questions
With a correlation of 0.94, PRVIX and FISVX 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.
PRVIX has higher volatility (3.27%) compared to FISVX (3.16%). In terms of maximum drawdown, PRVIX dropped -40.95% vs FISVX's -44.66%.
FISVX currently has the higher Sharpe Ratio (2.25 vs 1.94), 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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