- Issuer
- Fidelity
- Category
- Small Cap Blend Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSLAX Performance Chart
Fidelity Advisor 529 Small Cap Portfolio Class A (FSLAX) is up 18.3% since the beginning of the year. FSLAX is currently trading at $88 per share. Investors who bought $1,000 worth of FSLAX shares 5 years ago would now be looking at an investment worth $1,515.
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Returns By Period
Fidelity Advisor 529 Small Cap Portfolio Class A (FSLAX) has returned 18.30% so far this year and 37.33% over the past 12 months.
Fidelity Advisor 529 Small Cap Portfolio Class A
- 1D
- 1.03%
- 1M
- 2.97%
- YTD
- 18.30%
- 6M
- 16.48%
- 1Y
- 37.33%
- 3Y*
- 18.51%
- 5Y*
- 8.67%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FSLAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, FSLAX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.9%, while the worst month was Mar 2020 at -19.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSLAX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Mar 12, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.71% | 5.96% | -6.30% | 11.40% | 2.03% | 0.11% | 18.30% | ||||||
| 2025 | 5.89% | -10.19% | -3.58% | -1.48% | 5.00% | 5.97% | 1.46% | 4.75% | 1.09% | 1.01% | 3.04% | -0.69% | 11.61% |
| 2024 | -1.48% | 5.47% | 3.67% | -6.21% | 6.14% | -0.88% | 7.52% | 0.04% | 0.91% | -3.11% | 8.29% | -8.30% | 11.03% |
| 2023 | 9.22% | -0.20% | -3.59% | -2.42% | -2.86% | 9.06% | 4.70% | -2.05% | -5.47% | -6.51% | 7.54% | 11.46% | 18.03% |
| 2022 | -10.64% | 0.62% | -0.62% | -9.24% | -0.10% | -9.66% | 11.69% | -3.15% | -9.65% | 10.29% | 5.24% | -4.70% | -20.87% |
| 2021 | 2.25% | 8.48% | 3.15% | 4.19% | -0.17% | 0.84% | 0.93% | 4.12% | -2.88% | 6.05% | -2.58% | 3.58% | 31.07% |
Benchmark Metrics
Fidelity Advisor 529 Small Cap Portfolio Class A has an annualized alpha of -1.28%, beta of 0.95, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since February 02, 2017.
- This fund participated in 108.00% of S&P 500 Index downside but only 96.08% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.95 and R2 of 0.63, 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
- -1.28%
- Beta
- 0.95
- R²
- 0.63
- Upside Capture
- 96.08%
- Downside Capture
- 108.00%
Return for Risk
Risk / Return Rank
FSLAX ranks 75 for risk / return — better than 75% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor 529 Small Cap Portfolio Class A (FSLAX) and compare them to S&P 500 Index.
| FSLAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 2.93 | +1.85 |
| Martin ratioReturn relative to average drawdown | 17.37 | 13.52 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
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 Advisor 529 Small Cap Portfolio Class A. 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 Advisor 529 Small Cap Portfolio Class A was 39.85%, occurring on Mar 18, 2020. Recovery took 162 trading sessions.
The current Fidelity Advisor 529 Small Cap Portfolio Class A drawdown is 0.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.85%Mar 2020 | 2mo 1d | 7mo 22d | 9mo 23dJan 2020 - Nov 2020 |
Bear market2022 | -32.48%Jun 2022 | 7mo 9d | 2y 1mo | 2y 8moNov 2021 - Jul 2024 |
Rate-hike selloffLate 2018 | -27.61%Dec 2018 | 3mo 26d | 11mo 7d | 1y 2moAug 2018 - Nov 2019 |
2025 selloff2025 | -26.37%Apr 2025 | 4mo 13d | 6mo 19d | 11mo 2dNov 2024 - Oct 2025 |
2026 pullback2026 | -9.36%Mar 2026 | 28d | 14d | 1mo 12dMar 2026 - Apr 2026 |
Drawdown Indicators
| FSLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.85% | -56.78% | +16.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -9.10% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.37% | -18.90% | -7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -32.48% | -25.43% | -7.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.74% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -10.72% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.97% | +0.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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