TRMCX vs. FSLSX
TRMCX (T. Rowe Price Mid-Cap Value Fund) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TRMCX returned 11.56%/yr vs 12.03%/yr for FSLSX. Their correlation of 0.91 means they have usually moved in the same direction. TRMCX charges 0.87%/yr vs 0.86%/yr for FSLSX.
Performance
TRMCX vs. FSLSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRMCX achieves a 21.17% return, which is significantly lower than FSLSX's 30.49% return. Both investments have delivered pretty close results over the past 10 years, with TRMCX having a 11.56% annualized return and FSLSX not far ahead at 12.03%.
TRMCX
- 1D
- 0.85%
- 1M
- 0.91%
- 6M
- 13.81%
- YTD
- 21.17%
- 1Y
- 29.57%
- 3Y*
- 16.56%
- 5Y*
- 12.87%
- 10Y*
- 11.56%
- ALL TIME*
- 11.56%
FSLSX
- 1D
- 1.33%
- 1M
- 3.20%
- 6M
- 17.97%
- YTD
- 30.49%
- 1Y
- 33.31%
- 3Y*
- 14.83%
- 5Y*
- 11.62%
- 10Y*
- 12.03%
- ALL TIME*
- 10.91%
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 |
TRMCX vs. FSLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRMCX T. Rowe Price Mid-Cap Value Fund | 21.17% | 6.16% | 16.21% | 18.99% | -4.16% | 24.51% | 9.84% | 19.59% | -10.66% | 11.59% |
FSLSX Fidelity Value Strategies Fund | 30.49% | 0.24% | 9.25% | 20.54% | -7.37% | 33.32% | 8.24% | 34.54% | -16.90% | 17.49% |
Correlation
The correlation between TRMCX and FSLSX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1996 | 0.91 |
The correlation between TRMCX and FSLSX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRMCX vs. FSLSX — Risk / Return Rank
TRMCX
FSLSX
TRMCX vs. FSLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund (TRMCX) and Fidelity Value Strategies Fund (FSLSX). 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.
| TRMCX | FSLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.58 | -0.23 |
| Martin ratioReturn relative to average drawdown | 13.04 | 12.08 | +0.96 |
Loading charts...
Drawdowns
TRMCX vs. FSLSX - Drawdown Comparison
The maximum TRMCX drawdown since its inception was -55.28%, smaller than the maximum FSLSX drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for TRMCX and FSLSX.
Loading charts...
Drawdown Indicators
| TRMCX | FSLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -69.87% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -9.79% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -29.60% | -26.81% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.60% | -26.81% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -39.41% | -47.98% | +8.57% |
Current DrawdownCurrent decline from peak | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -8.25% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.89% | -0.48% |
Volatility
TRMCX vs. FSLSX - Volatility Comparison
The current volatility for T. Rowe Price Mid-Cap Value Fund (TRMCX) is 3.15%, while Fidelity Value Strategies Fund (FSLSX) has a volatility of 3.47%. This indicates that TRMCX experiences smaller price fluctuations and is considered to be less risky than FSLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRMCX | FSLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.47% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 11.74% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 18.68% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.24% | 20.41% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 21.88% | -2.31% |
TRMCX vs. FSLSX - Expense Ratio Comparison
TRMCX has a 0.87% expense ratio, which is higher than FSLSX's 0.86% expense ratio.
Dividends
TRMCX vs. FSLSX - Dividend Comparison
TRMCX's dividend yield for the trailing twelve months is around 4.48%, while FSLSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 0.00% | 0.00% | 10.41% | 2.49% | 2.13% | 7.29% | 0.84% | 4.84% | 14.59% | 6.57% | 19.71% | 1.26% |
TRMCX T. Rowe Price Mid-Cap Value Fund | 4.48% | 5.43% | 14.20% | 7.65% | 13.92% | 9.22% | 3.79% | 4.25% | 12.13% | 6.58% | 6.74% | 11.39% |
Frequently Asked Questions
With a correlation of 0.90, TRMCX and FSLSX 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.
FSLSX has higher volatility (3.47%) compared to TRMCX (3.15%). In terms of maximum drawdown, TRMCX dropped -55.28% vs FSLSX's -69.87%.
TRMCX currently has the higher Sharpe Ratio (2.19 vs 1.88), 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.
Find the right allocation for TRMCX and FSLSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer