FCDCX vs. SWSSX
FCDCX (Fidelity Advisor Stock Selector Small Cap Fund Class C) and SWSSX (Schwab Small-Cap Index Fund-Select Shares) are both Small Cap Blend Equities funds. Over the past 10 years, FCDCX returned 11.67%/yr vs 10.73%/yr for SWSSX. Their 0.97 correlation means they have historically moved very closely together. FCDCX charges 1.98%/yr vs 0.04%/yr for SWSSX.
Performance
FCDCX vs. SWSSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCDCX having a 19.08% return and SWSSX slightly higher at 19.46%. Over the past 10 years, FCDCX has outperformed SWSSX with an annualized return of 11.67%, while SWSSX has yielded a comparatively lower 10.73% annualized return.
FCDCX
- 1D
- 1.68%
- 1M
- -0.65%
- 6M
- 12.81%
- YTD
- 19.08%
- 1Y
- 36.08%
- 3Y*
- 16.56%
- 5Y*
- 9.51%
- 10Y*
- 11.67%
- ALL TIME*
- 7.31%
SWSSX
- 1D
- 1.36%
- 1M
- -1.63%
- 6M
- 13.40%
- YTD
- 19.46%
- 1Y
- 37.67%
- 3Y*
- 15.35%
- 5Y*
- 7.26%
- 10Y*
- 10.73%
- ALL TIME*
- 8.56%
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 |
FCDCX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCDCX Fidelity Advisor Stock Selector Small Cap Fund Class C | 19.08% | 13.17% | 13.33% | 18.21% | -19.13% | 23.37% | 20.43% | 29.00% | -9.94% | 10.46% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 19.46% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Correlation
The correlation between FCDCX and SWSSX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006 | 0.97 |
The correlation between FCDCX and SWSSX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
FCDCX vs. SWSSX — Risk / Return Rank
FCDCX
SWSSX
FCDCX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Small Cap Fund Class C (FCDCX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.
| FCDCX | SWSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.07 | +0.15 |
| Martin ratioReturn relative to average drawdown | 12.08 | 10.90 | +1.18 |
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Drawdowns
FCDCX vs. SWSSX - Drawdown Comparison
The maximum FCDCX drawdown since its inception was -66.05%, which is greater than SWSSX's maximum drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for FCDCX and SWSSX.
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Drawdown Indicators
| FCDCX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.05% | -60.34% | -5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -11.00% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -27.71% | -27.50% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -31.93% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -38.51% | -41.81% | +3.30% |
Current DrawdownCurrent decline from peak | -2.97% | -2.54% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -12.77% | -10.67% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.10% | -0.40% |
Volatility
FCDCX vs. SWSSX - Volatility Comparison
Fidelity Advisor Stock Selector Small Cap Fund Class C (FCDCX) has a higher volatility of 4.47% compared to Schwab Small-Cap Index Fund-Select Shares (SWSSX) at 3.83%. This indicates that FCDCX's price experiences larger fluctuations and is considered to be riskier than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCDCX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 3.83% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 14.14% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 19.42% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 22.56% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 24.07% | -2.21% |
FCDCX vs. SWSSX - Expense Ratio Comparison
FCDCX has a 1.98% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Dividends
FCDCX vs. SWSSX - Dividend Comparison
FCDCX's dividend yield for the trailing twelve months is around 0.39%, less than SWSSX's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCDCX Fidelity Advisor Stock Selector Small Cap Fund Class C | 0.39% | 0.46% | 2.71% | 0.00% | 0.00% | 11.76% | 1.62% | 2.06% | 24.14% | 11.06% | 1.26% | 7.10% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.08% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Frequently Asked Questions
With a correlation of 0.93, FCDCX and SWSSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCDCX has higher volatility (4.47%) compared to SWSSX (3.83%). In terms of maximum drawdown, FCDCX dropped -66.05% vs SWSSX's -60.34%.
FCDCX currently has the higher Sharpe Ratio (1.76 vs 1.74), 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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