CSMDX vs. FSSZX

Last updated Apr 4, 2026

Compare and contrast key facts about Copeland SMID Cap Dividend Growth Fund (CSMDX) and Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX).

CSMDX is managed by Copeland Funds. It was launched on Feb 27, 2017. FSSZX is managed by Fidelity. It was launched on Feb 1, 2017.

Performance

CSMDX vs. FSSZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Copeland SMID Cap Dividend Growth Fund (CSMDX) and Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSMDX achieves a 4.59% return, which is significantly lower than FSSZX's 5.44% return.

CSMDX

• 1D: 0.13%
• 1M: -3.86%
• YTD: 4.59%
• 6M: 4.50%
• 1Y: 23.19%
• 3Y*: 6.97%
• 5Y*: 4.11%
• 10Y*: —

FSSZX

• 1D: 0.20%
• 1M: -0.86%
• YTD: 5.44%
• 6M: 10.93%
• 1Y: 45.34%
• 3Y*: 16.46%
• 5Y*: 8.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSMDX vs. FSSZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSMDX Copeland SMID Cap Dividend Growth Fund	4.59%	2.72%	2.24%	18.89%	-14.89%	22.60%	8.29%	29.90%	-5.20%	10.44%
FSSZX Fidelity Advisor Stock Selector Small Cap Fund Class Z	5.44%	14.49%	14.62%	19.60%	-18.17%	24.90%	21.91%	30.62%	-8.79%	7.14%

Correlation

The correlation between CSMDX and FSSZX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.

CSMDX vs. FSSZX - Expense Ratio Comparison

CSMDX has a 0.95% expense ratio, which is higher than FSSZX's 0.79% expense ratio.

CSMDX

Copeland SMID Cap Dividend Growth Fund

FSSZX

Fidelity Advisor Stock Selector Small Cap Fund Class Z

Return for Risk

CSMDX vs. FSSZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSMDX

CSMDX Risk / Return Rank: 19
CSMDX Sharpe Ratio Rank: 16
CSMDX Sortino Ratio Rank: 18
CSMDX Omega Ratio Rank: 16
CSMDX Calmar Ratio Rank: 21
CSMDX Martin Ratio Rank: 23

FSSZX

FSSZX Risk / Return Rank: 71
FSSZX Sharpe Ratio Rank: 65
FSSZX Sortino Ratio Rank: 68
FSSZX Omega Ratio Rank: 57
FSSZX Calmar Ratio Rank: 81
FSSZX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSMDX vs. FSSZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Copeland SMID Cap Dividend Growth Fund (CSMDX) and Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX). 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.

	CSMDX	FSSZX	Difference
Sharpe ratio Return per unit of total volatility	0.56	1.34	-0.78
Sortino ratio Return per unit of downside risk	0.96	1.96	-1.00
Omega ratio Gain probability vs. loss probability	1.13	1.26	-0.14
Calmar ratio Return relative to maximum drawdown	0.91	2.34	-1.43
Martin ratio Return relative to average drawdown	3.39	9.83	-6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSMDX vs. FSSZX - Sharpe Ratio Comparison

The current CSMDX Sharpe Ratio is 0.56, which is lower than the FSSZX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of CSMDX and FSSZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSMDX	FSSZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.34	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.38	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.51	-0.10

Drawdowns

CSMDX vs. FSSZX - Drawdown Comparison

The maximum CSMDX drawdown since its inception was -37.28%, roughly equal to the maximum FSSZX drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for CSMDX and FSSZX.

Drawdown Indicators

	CSMDX	FSSZX	Difference
Max Drawdown Largest peak-to-trough decline	-37.28%	-38.43%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-10.04%	+0.84%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-30.51%	+5.91%
Current Drawdown Current decline from peak	-6.45%	-5.33%	-1.12%
Average Drawdown Average peak-to-trough decline	-5.84%	-8.24%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	3.30%	+0.30%

Volatility

CSMDX vs. FSSZX - Volatility Comparison

The current volatility for Copeland SMID Cap Dividend Growth Fund (CSMDX) is 5.28%, while Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX) has a volatility of 7.92%. This indicates that CSMDX experiences smaller price fluctuations and is considered to be less risky than FSSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMDX	FSSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	7.92%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	13.53%	-3.04%
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	22.45%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.13%	21.59%	-3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	22.38%	-3.13%

Dividends

CSMDX vs. FSSZX - Dividend Comparison

CSMDX's dividend yield for the trailing twelve months is around 3.00%, more than FSSZX's 0.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSMDX Copeland SMID Cap Dividend Growth Fund	3.00%	3.14%	1.33%	0.81%	4.07%	6.67%	0.38%	2.61%	4.40%	0.13%
FSSZX Fidelity Advisor Stock Selector Small Cap Fund Class Z	0.79%	0.84%	2.93%	0.35%	0.15%	10.95%	1.40%	2.29%	22.58%	10.60%