FVDFX Performance — Fidelity Value Discovery Fund
Data updated: 2026-10-13
FVDFX returned +17.75% year to date and +31.14% over one year to Jul 2026. Annualised returns are +14.87% over 3 years and +9.86% over 5 years. Against its US Large Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $152, against $156 for the category, and to $131 over one year, against $122. Volatility over the past three years was 10.89% a year. In the 12 months to Jul 2026 the fund took in a net $290.1M, and assets reached $4.17B.
FVDFX Growth of $100
What $100 invested in Fidelity Value Discovery Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | FVDFX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $131 | $122 |
| 3 years (Aug 2023 – Jul 2026) | $152 | $156 |
| 5 years (Aug 2021 – Jul 2026) | $160 | $168 |
| Since data start (Aug 2019 – Jul 2026) | $220 | $226 |
FVDFX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.75% |
| 1 year | +31.14% |
| 3 years (annualised) | +14.87% |
| 5 years (annualised) | +9.86% |
FVDFX Annual Returns
Calendar-year total returns of Fidelity Value Discovery Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +17.75% |
| 2025 | +16.92% |
| 2024 | +8.44% |
| 2023 | +5.30% |
| 2022 | −3.80% |
| 2021 | +24.83% |
| 2020 | +7.72% |
| 2019 (Aug–Dec) | +8.21% |
FVDFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.8% | +2.5% | −4.8% | +7.2% | +1.4% | +2.1% | +4.8% | — | — | — | — | — |
| 2025 | +2.5% | +0.8% | −1.1% | −2.4% | +3.1% | +2.3% | −0.2% | +3.8% | +0.7% | +1.2% | +3.4% | +1.8% |
| 2024 | −0.1% | +2.5% | +4.3% | −3.9% | +2.1% | −1.7% | +5.0% | +3.0% | +0.6% | −1.6% | +5.2% | −6.7% |
| 2023 | +2.9% | −4.3% | −0.9% | +2.7% | −4.0% | +4.2% | +3.5% | −2.7% | −2.2% | −2.3% | +5.0% | +3.9% |
| 2022 | −1.5% | −0.2% | +1.4% | −4.6% | +2.4% | −7.0% | +4.3% | −2.4% | −7.3% | +10.7% | +5.4% | −3.3% |
| 2021 | −0.3% | +3.6% | +7.3% | +4.5% | +2.8% | −2.0% | +0.9% | +2.0% | −4.3% | +4.8% | −3.8% | +7.5% |
| 2020 | −4.4% | −8.7% | −15.9% | +12.6% | +3.3% | +1.3% | +2.9% | +4.8% | −2.3% | 0.0% | +13.2% | +4.4% |
| 2019 | — | — | — | — | — | — | — | −2.9% | +2.8% | +1.7% | +3.9% | +2.7% |
FVDFX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 10.89%
- 3-year Sharpe ratio: 0.95 (vs 4.5% risk-free rate)
- Best month: +7.17% (Apr 2026)
- Worst month: −6.73% (Dec 2024)
FVDFX Fund Flows
Monthly money in and out of Fidelity Value Discovery Fund, from SEC Form N-PORT.
- 12-month net flow: $290.1M
- 12-month gross sales (incl. reinvestments): $1.5B
- Sales ÷ redemptions: 1.24×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $75.3M | $76.7M | −$1.4M |
| Jun 2026 | $69.9M | $36.3M | $33.5M |
| May 2026 | $59.0M | $41.1M | $18.0M |
| Apr 2026 | $68.2M | $89.7M | −$21.5M |
| Mar 2026 | $117.4M | $167.8M | −$50.4M |
| Feb 2026 | $76.0M | $195.5M | −$119.5M |
| Jan 2026 | $347.6M | $34.3M | $313.2M |
| Dec 2025 | $138.1M | $234.5M | −$96.4M |
| Nov 2025 | $68.6M | $43.1M | $25.6M |
| Oct 2025 | $61.6M | $214.5M | −$152.9M |
| Sep 2025 | $328.4M | $63.2M | $265.2M |
| Aug 2025 | $106.4M | $29.8M | $76.6M |
FVDFX Assets Under Management
Net assets of Fidelity Value Discovery Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $4.17B |
| 2026-04-30 | $3.80B |
| 2026-01-31 | $3.82B |
| 2025-10-31 | $3.37B |
| 2025-07-31 | $3.13B |
| 2025-04-30 | $2.92B |
| 2025-01-31 | $3.19B |
| 2024-10-31 | $3.22B |
| 2024-07-31 | $3.13B |
| 2024-04-30 | $2.89B |
| 2024-01-31 | $2.82B |
| 2023-10-31 | $2.60B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.