- ISIN
- US3159127824
- CUSIP
- 315912782
- Issuer
- Fidelity
- Inception Date
- Nov 7, 2013
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FJACX Performance Chart
Fidelity Series Small Cap Discovery Fund (FJACX) is up 17.7% since the beginning of the year. FJACX is currently trading at $13 per share. Investors who bought $1,000 worth of FJACX shares 5 years ago would now be looking at an investment worth $1,591.
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Returns By Period
Fidelity Series Small Cap Discovery Fund (FJACX) has returned 17.71% so far this year and 35.43% over the past 12 months. Over the last ten years, FJACX has returned 11.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Series Small Cap Discovery Fund
- 1D
- 2.07%
- 1M
- 5.26%
- YTD
- 17.71%
- 6M
- 15.30%
- 1Y
- 35.43%
- 3Y*
- 14.97%
- 5Y*
- 9.73%
- 10Y*
- 11.06%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FJACX Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2013, FJACX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +16.6%, while the worst month was Mar 2020 at -26.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FJACX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.64% | -0.26% | -5.02% | 11.12% | 3.59% | 4.16% | 17.71% | ||||||
| 2025 | 4.96% | -6.22% | -4.30% | -2.24% | 4.69% | 5.06% | 2.12% | 5.33% | 0.17% | -2.91% | 3.97% | 1.47% | 11.80% |
| 2024 | -1.28% | 5.81% | 4.10% | -7.64% | 3.07% | -2.63% | 7.14% | -0.67% | 0.42% | -4.56% | 7.97% | -7.09% | 3.11% |
| 2023 | 10.41% | -0.92% | -3.88% | -1.63% | -2.15% | 8.43% | 6.28% | -2.61% | -6.16% | -5.13% | 9.62% | 9.86% | 21.79% |
| 2022 | -5.26% | -0.52% | -0.30% | -6.72% | 0.08% | -6.59% | 9.74% | -4.39% | -10.24% | 9.49% | 5.84% | -3.79% | -13.96% |
| 2021 | 1.85% | 8.93% | 4.93% | 5.12% | 2.50% | -0.76% | 2.16% | 1.76% | -2.49% | 4.04% | -2.32% | 6.33% | 36.36% |
Benchmark Metrics
Fidelity Series Small Cap Discovery Fund has an annualized alpha of -1.97%, beta of 1.02, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since November 19, 2013.
- This fund participated in 111.11% of S&P 500 Index downside but only 98.51% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.02 and R2 of 0.73, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.97%
- Beta
- 1.02
- R²
- 0.73
- Upside Capture
- 98.51%
- Downside Capture
- 111.11%
Expense Ratio
FJACX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FJACX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Series Small Cap Discovery Fund (FJACX) and compare them to S&P 500 Index.
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.
| FJACX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.78 | +0.36 |
| Martin ratioReturn relative to average drawdown | 10.34 | 12.44 | -2.09 |
Dividends
Dividend History
Fidelity Series Small Cap Discovery Fund provided a 8.55% dividend yield over the last twelve months, with an annual payout of $1.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.10 | $1.15 | $1.17 | $0.34 | $2.38 | $2.52 | $0.33 | $0.77 | $0.80 | $0.14 | $0.05 | $0.55 |
Dividend yield | 8.55% | 10.44% | 10.79% | 2.90% | 24.03% | 17.66% | 2.67% | 6.65% | 8.36% | 1.15% | 0.45% | 5.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Small Cap Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $1.15 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $1.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.81 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $2.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $2.52 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Series Small Cap Discovery Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Series Small Cap Discovery Fund was 45.60%, occurring on Mar 18, 2020. Recovery took 169 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.60%Mar 2020 | 2mo 1d | 8mo 3d | 10mo 4dJan 2020 - Nov 2020 |
2016 bear market2016 | -25.20%Feb 2016 | 7mo 22d | 9mo 14d | 1y 5moJun 2015 - Nov 2016 |
Rate-hike selloffLate 2018 | -25.18%Dec 2018 | 6mo 20d | 11mo 7d | 1y 5moJun 2018 - Nov 2019 |
Bear market2022 | -23.69%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -22.71%Apr 2025 | 4mo 27d | 4mo 16d | 9mo 13dNov 2024 - Aug 2025 |
Drawdown Indicators
| FJACX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.60% | -56.78% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -9.10% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -18.90% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -25.43% | +1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -45.60% | -33.92% | -11.68% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -10.71% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.03% | +1.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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