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FCAGX vs. SCHB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCAGX vs. SCHB

Last updated Jun 4, 2026

FCAGX (Fidelity Advisor Small Cap Growth Fund Class A) and SCHB (Schwab U.S. Broad Market ETF) are both funds - FCAGX is a Small Cap Growth Equities fund managed by Fidelity, while SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. Over the past 10 years, FCAGX returned 14.41%/yr vs 15.04%/yr for SCHB. Their correlation of 0.88 suggests significant overlap in exposure. FCAGX charges 1.29%/yr vs 0.03%/yr for SCHB.

Performance

FCAGX vs. SCHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) and Schwab U.S. Broad Market ETF (SCHB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FCAGX achieves a 18.45% return, which is significantly higher than SCHB's 11.28% return. Both investments have delivered pretty close results over the past 10 years, with FCAGX having a 14.41% annualized return and SCHB not far ahead at 15.04%.

FCAGX

1D
0.82%
1M
4.19%
YTD
18.45%
6M
16.46%
1Y
37.60%
3Y*
20.48%
5Y*
8.06%
10Y*
14.41%

SCHB

1D
-0.72%
1M
5.01%
YTD
11.28%
6M
11.12%
1Y
28.12%
3Y*
22.11%
5Y*
12.76%
10Y*
15.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCAGX vs. SCHB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FCAGX
Fidelity Advisor Small Cap Growth Fund Class A		18.45%10.88%20.21%18.72%-25.57%10.19%36.01%35.97%-4.85%28.62%
SCHB
Schwab U.S. Broad Market ETF		11.28%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%

Correlation

The correlation between FCAGX and SCHB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2009

0.88

The correlation between FCAGX and SCHB has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

FCAGX vs. SCHB - Sectors Allocation Comparison

Sectors
FCAGX
SCHB

Healthcare

27.9%
8.9%

Industrials

25.8%
9.4%

Technology

18.2%
34.4%

Consumer Cyclical

9.7%
10.1%

Financial Services

6.7%
12.2%

Energy

3.1%
3.7%

Consumer Defensive

3.1%
4.6%

Basic Materials

2.8%
2.0%

Communication Services

1.3%
10.1%

Real Estate

1.1%
2.4%

Utilities

0.5%
2.3%

Healthcare

FCAGX
27.9%
SCHB
8.9%

Industrials

FCAGX
25.8%
SCHB
9.4%

Technology

FCAGX
18.2%
SCHB
34.4%

Consumer Cyclical

FCAGX
9.7%
SCHB
10.1%

Financial Services

FCAGX
6.7%
SCHB
12.2%

Energy

FCAGX
3.1%
SCHB
3.7%

Consumer Defensive

FCAGX
3.1%
SCHB
4.6%

Basic Materials

FCAGX
2.8%
SCHB
2.0%

Communication Services

FCAGX
1.3%
SCHB
10.1%

Real Estate

FCAGX
1.1%
SCHB
2.4%

Utilities

FCAGX
0.5%
SCHB
2.3%

Compare stocks, funds, or ETFs

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Fidelity Advisor Small Cap Growth Fund Class A

Schwab U.S. Broad Market ETF

Often compared with FCAGX:
FCAGX vs. FCDAXFCAGX vs. TQSIXFCAGX vs. FSCDXFCAGX vs. CSMCXFCAGX vs. SPYFCAGX vs. FCVAXFCAGX vs. VFV.TO
Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY

Return for Risk

FCAGX vs. SCHB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCAGX
FCAGX Risk / Return Rank: 4747
Overall Rank
FCAGX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FCAGX Sortino Ratio Rank: 3838
Sortino Ratio Rank
FCAGX Omega Ratio Rank: 3636
Omega Ratio Rank
FCAGX Calmar Ratio Rank: 6161
Calmar Ratio Rank
FCAGX Martin Ratio Rank: 6161
Martin Ratio Rank
SCHB
SCHB Risk / Return Rank: 6868
Overall Rank
SCHB Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6868
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6868
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6262
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7575
Martin Ratio Rank
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.

FCAGX vs. SCHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) and Schwab U.S. Broad Market ETF (SCHB). 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.

FCAGXSCHBDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.33

-0.46

Sortino ratioReturn per unit of downside risk
2.56
3.19

-0.63

Omega ratioGain probability vs. loss probability

1.32

1.42

-0.11

Calmar ratioReturn relative to maximum drawdown

3.01

3.17

-0.16

Martin ratioReturn relative to average drawdown

12.10

14.55

-2.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCAGX vs. SCHB - Sharpe Ratio Comparison

The current FCAGX Sharpe Ratio is 1.87, which is comparable to the SCHB Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FCAGX and SCHB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FCAGXSCHBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.33

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.74

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.82

-0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.83

-0.33

Drawdowns

FCAGX vs. SCHB - Drawdown Comparison

The maximum FCAGX drawdown since its inception was -61.19%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for FCAGX and SCHB.

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Drawdown Indicators

FCAGXSCHBDifference

Max Drawdown

Largest peak-to-trough decline

-61.19%

-35.27%

-25.92%

Max Drawdown (1Y)

Largest decline over 1 year

-13.19%

-8.91%

-4.28%

Max Drawdown (3Y)

Largest decline over 3 years

-28.76%

-19.34%

-9.42%

Max Drawdown (5Y)

Largest decline over 5 years

-39.13%

-25.41%

-13.72%

Max Drawdown (10Y)

Largest decline over 10 years

-39.13%

-35.27%

-3.86%

Current Drawdown

Current decline from peak

-0.37%

-0.72%

+0.35%

Average Drawdown

Average peak-to-trough decline

-11.49%

-4.12%

-7.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

1.94%

+1.33%

Volatility

FCAGX vs. SCHB - Volatility Comparison

Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) has a higher volatility of 6.51% compared to Schwab U.S. Broad Market ETF (SCHB) at 3.01%. This indicates that FCAGX's price experiences larger fluctuations and is considered to be riskier than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCAGXSCHBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

3.01%

+3.50%

Volatility (6M)

Calculated over the trailing 6-month period

16.33%

9.14%

+7.19%

Volatility (1Y)

Calculated over the trailing 1-year period

21.22%

12.12%

+9.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.47%

17.24%

+6.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.85%

18.32%

+4.53%

FCAGX vs. SCHB - Expense Ratio Comparison

FCAGX has a 1.29% expense ratio, which is higher than SCHB's 0.03% expense ratio.

Dividends

FCAGX vs. SCHB - Dividend Comparison

FCAGX's dividend yield for the trailing twelve months is around 5.86%, more than SCHB's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
FCAGX
Fidelity Advisor Small Cap Growth Fund Class A		5.86%6.94%1.20%0.00%0.00%20.36%8.58%5.58%14.80%7.05%0.79%4.32%
SCHB
Schwab U.S. Broad Market ETF		1.02%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%

Frequently Asked Questions

FCAGX and SCHB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FCAGX has higher volatility (6.51%) compared to SCHB (3.01%). In terms of maximum drawdown, FCAGX dropped -61.19% vs SCHB's -35.27%.

SCHB currently has the higher Sharpe Ratio (2.33 vs 1.87), 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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