FCDIX vs. IPSIX

Last updated Jun 24, 2026

FCDIX (Fidelity Advisor Stock Selector Small Cap Fund Class I) and IPSIX (Voya Index Plus SmallCap Portfolio) are both Small Cap Blend Equities funds. Over the past 10 years, FCDIX returned 13.80%/yr vs 10.86%/yr for IPSIX. Their correlation of 0.94 suggests significant overlap in exposure. FCDIX charges 0.92%/yr vs 0.60%/yr for IPSIX.

Performance

FCDIX vs. IPSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector Small Cap Fund Class I (FCDIX) and Voya Index Plus SmallCap Portfolio (IPSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FCDIX having a 21.12% return and IPSIX slightly higher at 21.58%. Over the past 10 years, FCDIX has outperformed IPSIX with an annualized return of 13.80%, while IPSIX has yielded a comparatively lower 10.86% annualized return.

FCDIX

• 1D: 1.22%
• 1M: 5.10%
• YTD: 21.12%
• 6M: 18.34%
• 1Y: 42.17%
• 3Y*: 21.41%
• 5Y*: 10.76%
• 10Y*: 13.80%

IPSIX

• 1D: 0.31%
• 1M: 5.08%
• YTD: 21.58%
• 6M: 19.11%
• 1Y: 39.31%
• 3Y*: 17.98%
• 5Y*: 8.88%
• 10Y*: 10.86%

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

FCDIX vs. IPSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCDIX Fidelity Advisor Stock Selector Small Cap Fund Class I	21.12%	14.34%	14.47%	19.42%	-18.28%	24.75%	21.74%	30.46%	-8.94%	11.72%
IPSIX Voya Index Plus SmallCap Portfolio	21.58%	8.46%	8.64%	18.17%	-13.82%	28.42%	5.25%	21.07%	-12.34%	9.94%

Correlation

The correlation between FCDIX and IPSIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006	0.94

The correlation between FCDIX and IPSIX shifts across timeframes, from 0.82 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCDIX vs. IPSIX — Risk / Return Rank

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

FCDIX

FCDIX Risk / Return Rank: 80
FCDIX Sharpe Ratio Rank: 79
FCDIX Sortino Ratio Rank: 76
FCDIX Omega Ratio Rank: 63
FCDIX Calmar Ratio Rank: 90
FCDIX Martin Ratio Rank: 91

IPSIX

IPSIX Risk / Return Rank: 87
IPSIX Sharpe Ratio Rank: 86
IPSIX Sortino Ratio Rank: 85
IPSIX Omega Ratio Rank: 72
IPSIX Calmar Ratio Rank: 96
IPSIX Martin Ratio Rank: 95

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.

FCDIX vs. IPSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Small Cap Fund Class I (FCDIX) and Voya Index Plus SmallCap Portfolio (IPSIX). 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.

	FCDIX	IPSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.61	-0.22
Sortino ratio: Return per unit of downside risk	3.34	3.71	-0.38
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	4.39	6.04	-1.65
Martin ratio: Return relative to average drawdown	16.89	20.08	-3.19

FCDIX vs. IPSIX - Sharpe Ratio Comparison

The current FCDIX Sharpe Ratio is 2.39, which is comparable to the IPSIX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FCDIX and IPSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCDIX vs. IPSIX - Drawdown Comparison

The maximum FCDIX drawdown since its inception was -65.39%, which is greater than IPSIX's maximum drawdown of -58.01%. Use the drawdown chart below to compare losses from any high point for FCDIX and IPSIX.

Drawdown Indicators

	FCDIX	IPSIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.39%	-58.01%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-7.63%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-27.41%	-26.60%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-30.56%	-26.60%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	-38.42%	-47.92%	+9.50%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.83%	-9.69%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.26%	+0.34%

Volatility

FCDIX vs. IPSIX - Volatility Comparison

Fidelity Advisor Stock Selector Small Cap Fund Class I (FCDIX) has a higher volatility of 6.14% compared to Voya Index Plus SmallCap Portfolio (IPSIX) at 5.06%. This indicates that FCDIX's price experiences larger fluctuations and is considered to be riskier than IPSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCDIX	IPSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	5.06%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	11.93%	+2.06%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	17.68%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	22.02%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	23.77%	-1.86%

FCDIX vs. IPSIX - Expense Ratio Comparison

FCDIX has a 0.92% expense ratio, which is higher than IPSIX's 0.60% expense ratio.

Dividends

FCDIX vs. IPSIX - Dividend Comparison

FCDIX's dividend yield for the trailing twelve months is around 0.60%, less than IPSIX's 8.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCDIX Fidelity Advisor Stock Selector Small Cap Fund Class I	0.60%	0.72%	2.77%	0.24%	0.12%	10.79%	1.39%	1.84%	22.34%	10.40%	1.62%	7.07%
IPSIX Voya Index Plus SmallCap Portfolio	8.99%	5.72%	4.44%	4.20%	19.88%	0.65%	1.98%	16.87%	18.12%	9.69%	3.19%	0.93%

Frequently Asked Questions

Can I hold both FCDIX and IPSIX in my portfolio?

FCDIX and IPSIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCDIX or IPSIX?

FCDIX has higher volatility (6.14%) compared to IPSIX (5.06%). In terms of maximum drawdown, FCDIX dropped -65.39% vs IPSIX's -58.01%.

Which has better risk-adjusted returns?

IPSIX currently has the higher Sharpe Ratio (2.61 vs 2.39), 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.