UBVLX vs. FSSNX
UBVLX (Undiscovered Managers Behavioral Value Fund) and FSSNX (Fidelity Small Cap Index Fund) are both mutual funds - UBVLX is a Small Cap Value Equities fund managed by BlackRock, while FSSNX is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, UBVLX returned 10.76%/yr vs 10.85%/yr for FSSNX. Their correlation of 0.89 means they have usually moved in the same direction. UBVLX charges 0.90%/yr vs 0.03%/yr for FSSNX.
Performance
UBVLX vs. FSSNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UBVLX achieves a 14.19% return, which is significantly lower than FSSNX's 18.92% return. Both investments have delivered pretty close results over the past 10 years, with UBVLX having a 10.76% annualized return and FSSNX not far ahead at 10.85%.
UBVLX
- 1D
- -0.61%
- 1M
- -0.19%
- 6M
- 8.55%
- YTD
- 14.19%
- 1Y
- 20.01%
- 3Y*
- 11.35%
- 5Y*
- 9.88%
- 10Y*
- 10.76%
- ALL TIME*
- 11.71%
FSSNX
- 1D
- -0.49%
- 1M
- -2.11%
- 6M
- 11.73%
- YTD
- 18.92%
- 1Y
- 37.08%
- 3Y*
- 15.40%
- 5Y*
- 7.24%
- 10Y*
- 10.85%
- ALL TIME*
- 11.76%
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 |
UBVLX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBVLX Undiscovered Managers Behavioral Value Fund | 14.19% | 1.79% | 13.11% | 14.69% | -1.16% | 34.25% | 3.52% | 23.27% | -15.23% | 13.43% |
FSSNX Fidelity Small Cap Index Fund | 18.92% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Correlation
The correlation between UBVLX and FSSNX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.89 |
Over the past year, the correlation between UBVLX and FSSNX has dropped to 0.66 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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
UBVLX vs. FSSNX — Risk / Return Rank
UBVLX
FSSNX
UBVLX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) and Fidelity Small Cap Index Fund (FSSNX). 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.
| UBVLX | FSSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.13 | -1.42 |
| Martin ratioReturn relative to average drawdown | 4.89 | 11.12 | -6.22 |
Loading charts...
Drawdowns
UBVLX vs. FSSNX - Drawdown Comparison
The maximum UBVLX drawdown since its inception was -67.24%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for UBVLX and FSSNX.
Loading charts...
Drawdown Indicators
| UBVLX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.24% | -41.72% | -25.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -11.00% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -27.45% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -31.87% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -52.08% | -41.72% | -10.36% |
Current DrawdownCurrent decline from peak | -3.03% | -3.01% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -8.22% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.10% | +0.51% |
Volatility
UBVLX vs. FSSNX - Volatility Comparison
Undiscovered Managers Behavioral Value Fund (UBVLX) has a higher volatility of 5.24% compared to Fidelity Small Cap Index Fund (FSSNX) at 3.82%. This indicates that UBVLX's price experiences larger fluctuations and is considered to be riskier than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UBVLX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 3.82% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.19% | 14.15% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 19.42% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 22.54% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 23.42% | +1.15% |
UBVLX vs. FSSNX - Expense Ratio Comparison
UBVLX has a 0.90% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Dividends
UBVLX vs. FSSNX - Dividend Comparison
UBVLX's dividend yield for the trailing twelve months is around 8.24%, more than FSSNX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.06% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
UBVLX Undiscovered Managers Behavioral Value Fund | 8.24% | 9.41% | 7.39% | 8.35% | 8.96% | 3.44% | 0.99% | 4.98% | 11.62% | 4.67% | 3.24% | 3.80% |
Frequently Asked Questions
UBVLX and FSSNX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBVLX has higher volatility (5.24%) compared to FSSNX (3.82%). In terms of maximum drawdown, UBVLX dropped -67.24% vs FSSNX's -41.72%.
FSSNX currently has the higher Sharpe Ratio (1.78 vs 1.07), 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 UBVLX and FSSNX
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