DSMFX vs. FITIX
DSMFX (Destinations Small-Mid Cap Equity Fund) and FITIX (Fidelity Advisor Mid Cap II Fund Class M) are both Mid Cap Blend Equities funds. Over the past 5 years, DSMFX returned 7.75%/yr vs 11.70%/yr for FITIX. Their correlation of 0.95 means they have usually moved in the same direction. DSMFX charges 1.10%/yr vs 1.25%/yr for FITIX.
Performance
DSMFX vs. FITIX - Performance Comparison
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Returns By Period
In the year-to-date period, DSMFX achieves a 15.86% return, which is significantly lower than FITIX's 21.28% return.
DSMFX
- 1D
- 1.47%
- 1M
- -3.21%
- 6M
- 9.15%
- YTD
- 15.86%
- 1Y
- 32.51%
- 3Y*
- 15.49%
- 5Y*
- 7.75%
- 10Y*
- —
- ALL TIME*
- 11.95%
FITIX
- 1D
- 1.79%
- 1M
- -2.84%
- 6M
- 15.55%
- YTD
- 21.28%
- 1Y
- 33.58%
- 3Y*
- 19.14%
- 5Y*
- 11.70%
- 10Y*
- 12.45%
- ALL TIME*
- 10.81%
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 |
DSMFX vs. FITIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSMFX Destinations Small-Mid Cap Equity Fund | 15.86% | 13.94% | 14.72% | 11.61% | -19.89% | 26.65% | 23.63% | 30.82% | -7.68% | 12.35% |
FITIX Fidelity Advisor Mid Cap II Fund Class M | 21.28% | 11.29% | 22.41% | 14.40% | -15.22% | 24.61% | 18.05% | 23.04% | -15.37% | 13.58% |
Correlation
The correlation between DSMFX and FITIX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017 | 0.95 |
The correlation between DSMFX and FITIX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
DSMFX vs. FITIX — Risk / Return Rank
DSMFX
FITIX
DSMFX vs. FITIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destinations Small-Mid Cap Equity Fund (DSMFX) and Fidelity Advisor Mid Cap II Fund Class M (FITIX). 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.
| DSMFX | FITIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.13 | +0.03 |
| Martin ratioReturn relative to average drawdown | 11.18 | 11.35 | -0.17 |
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Drawdowns
DSMFX vs. FITIX - Drawdown Comparison
The maximum DSMFX drawdown since its inception was -42.52%, smaller than the maximum FITIX drawdown of -53.22%. Use the drawdown chart below to compare losses from any high point for DSMFX and FITIX.
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Drawdown Indicators
| DSMFX | FITIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -53.22% | +10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -9.87% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.39% | -23.94% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -30.72% | -25.10% | -5.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.59% | — |
Current DrawdownCurrent decline from peak | -5.80% | -5.45% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -8.01% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.72% | 0.00% |
Volatility
DSMFX vs. FITIX - Volatility Comparison
The current volatility for Destinations Small-Mid Cap Equity Fund (DSMFX) is 4.23%, while Fidelity Advisor Mid Cap II Fund Class M (FITIX) has a volatility of 4.60%. This indicates that DSMFX experiences smaller price fluctuations and is considered to be less risky than FITIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSMFX | FITIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.60% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.28% | 14.50% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 18.18% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.03% | 20.60% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.82% | 21.10% | +0.72% |
DSMFX vs. FITIX - Expense Ratio Comparison
DSMFX has a 1.10% expense ratio, which is lower than FITIX's 1.25% expense ratio.
Dividends
DSMFX vs. FITIX - Dividend Comparison
DSMFX's dividend yield for the trailing twelve months is around 6.16%, which matches FITIX's 6.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSMFX Destinations Small-Mid Cap Equity Fund | 6.16% | 7.13% | 7.71% | 0.26% | 3.57% | 27.39% | 2.06% | 4.05% | 5.96% | 0.92% | 0.00% | 0.00% |
FITIX Fidelity Advisor Mid Cap II Fund Class M | 6.13% | 10.82% | 11.68% | 2.52% | 5.82% | 19.35% | 1.01% | 3.07% | 10.58% | 7.57% | 9.20% | 4.84% |
Frequently Asked Questions
DSMFX and FITIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FITIX has higher volatility (4.60%) compared to DSMFX (4.23%). In terms of maximum drawdown, DSMFX dropped -42.52% vs FITIX's -53.22%.
FITIX currently has the higher Sharpe Ratio (1.70 vs 1.66), 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.
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