FDEIX vs. FDETX

Last updated Jun 26, 2026

FDEIX (Fidelity Advisor Capital Development Fund Class I) and FDETX (Fidelity Advisor Capital Development Fund Class O) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FDEIX returned 16.08%/yr vs 16.24%/yr for FDETX. With a 1.00 correlation, they move nearly in lockstep. FDEIX charges 0.71%/yr vs 0.56%/yr for FDETX.

Performance

FDEIX vs. FDETX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Capital Development Fund Class I (FDEIX) and Fidelity Advisor Capital Development Fund Class O (FDETX). 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 FDEIX having a 8.18% return and FDETX slightly higher at 8.25%. Both investments have delivered pretty close results over the past 10 years, with FDEIX having a 16.08% annualized return and FDETX not far ahead at 16.24%.

FDEIX

• 1D: 0.27%
• 1M: -1.02%
• YTD: 8.18%
• 6M: 7.18%
• 1Y: 25.60%
• 3Y*: 25.13%
• 5Y*: 15.73%
• 10Y*: 16.08%

FDETX

• 1D: 0.23%
• 1M: -1.03%
• YTD: 8.25%
• 6M: 7.24%
• 1Y: 25.73%
• 3Y*: 25.29%
• 5Y*: 15.90%
• 10Y*: 16.24%

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

FDEIX vs. FDETX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDEIX Fidelity Advisor Capital Development Fund Class I	8.18%	27.44%	26.86%	24.00%	-8.17%	25.18%	8.93%	31.14%	-9.21%	16.45%
FDETX Fidelity Advisor Capital Development Fund Class O	8.25%	27.60%	27.07%	24.20%	-8.00%	25.32%	9.12%	31.39%	-9.09%	16.45%

Correlation

The correlation between FDEIX and FDETX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 1, 2004	1.00

The correlation between FDEIX and FDETX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FDEIX vs. FDETX — Risk / Return Rank

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

FDEIX

FDEIX Risk / Return Rank: 70
FDEIX Sharpe Ratio Rank: 71
FDEIX Sortino Ratio Rank: 68
FDEIX Omega Ratio Rank: 65
FDEIX Calmar Ratio Rank: 67
FDEIX Martin Ratio Rank: 78

FDETX

FDETX Risk / Return Rank: 69
FDETX Sharpe Ratio Rank: 70
FDETX Sortino Ratio Rank: 67
FDETX Omega Ratio Rank: 64
FDETX Calmar Ratio Rank: 67
FDETX Martin Ratio Rank: 78

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.

FDEIX vs. FDETX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class I (FDEIX) and Fidelity Advisor Capital Development Fund Class O (FDETX). 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.

	FDEIX	FDETX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.03	-0.02
Sortino ratio: Return per unit of downside risk	2.81	2.83	-0.02
Omega ratio: Gain probability vs. loss probability	1.36	1.36	0.00
Calmar ratio: Return relative to maximum drawdown	2.70	2.72	-0.02
Martin ratio: Return relative to average drawdown	12.14	12.21	-0.08

FDEIX vs. FDETX - Sharpe Ratio Comparison

The current FDEIX Sharpe Ratio is 2.02, which is comparable to the FDETX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FDEIX and FDETX, 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

FDEIX vs. FDETX - Drawdown Comparison

The maximum FDEIX drawdown since its inception was -57.82%, smaller than the maximum FDETX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for FDEIX and FDETX.

Drawdown Indicators

	FDEIX	FDETX	Difference
Max Drawdown Largest peak-to-trough decline	-57.82%	-66.86%	+9.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-9.64%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-19.76%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-21.81%	-21.72%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-36.61%	-36.61%	0.00%
Current Drawdown Current decline from peak	-1.96%	-1.97%	+0.01%
Average Drawdown Average peak-to-trough decline	-8.11%	-11.21%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.14%	0.00%

Volatility

FDEIX vs. FDETX - Volatility Comparison

Fidelity Advisor Capital Development Fund Class I (FDEIX) and Fidelity Advisor Capital Development Fund Class O (FDETX) have volatilities of 4.59% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDEIX	FDETX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	4.57%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	9.99%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	12.93%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	17.65%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	18.80%	-0.01%

FDEIX vs. FDETX - Expense Ratio Comparison

FDEIX has a 0.71% expense ratio, which is higher than FDETX's 0.56% expense ratio.

Dividends

FDEIX vs. FDETX - Dividend Comparison

FDEIX's dividend yield for the trailing twelve months is around 9.50%, which matches FDETX's 9.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDEIX Fidelity Advisor Capital Development Fund Class I	9.50%	10.28%	8.81%	4.21%	5.46%	5.49%	4.32%	7.30%	15.57%	5.32%	2.82%	5.75%
FDETX Fidelity Advisor Capital Development Fund Class O	9.55%	10.34%	8.95%	4.39%	5.66%	5.63%	4.47%	7.46%	15.81%	5.34%	2.92%	5.97%

Frequently Asked Questions

Can I hold both FDEIX and FDETX in my portfolio?

With a correlation of 1.00, FDEIX and FDETX 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.

Which is riskier, FDEIX or FDETX?

FDEIX has higher volatility (4.59%) compared to FDETX (4.57%). In terms of maximum drawdown, FDEIX dropped -57.82% vs FDETX's -66.86%.

Which has better risk-adjusted returns?

FDETX currently has the higher Sharpe Ratio (2.03 vs 2.02), 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.