FDSCX vs. FPADX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Stock Selector Small Cap Fund (FDSCX) and Fidelity Emerging Markets Index Fund (FPADX).

FDSCX is managed by Fidelity. It was launched on Jun 28, 1993. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.

Performance

FDSCX vs. FPADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stock Selector Small Cap Fund (FDSCX) and Fidelity Emerging Markets Index Fund (FPADX). The values are adjusted to include any dividend payments, if applicable.

FDSCX vs. FPADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDSCX Fidelity Stock Selector Small Cap Fund	4.16%	14.33%	14.51%	19.46%	-18.28%	24.76%	21.76%	30.42%	-8.90%	11.25%
FPADX Fidelity Emerging Markets Index Fund	3.44%	33.90%	6.80%	9.51%	-20.06%	-3.07%	17.84%	18.28%	-14.65%	35.16%

Returns By Period

In the year-to-date period, FDSCX achieves a 4.16% return, which is significantly higher than FPADX's 3.44% return. Over the past 10 years, FDSCX has outperformed FPADX with an annualized return of 12.01%, while FPADX has yielded a comparatively lower 7.85% annualized return.

FDSCX

• 1D: 3.74%
• 1M: -5.35%
• YTD: 4.16%
• 6M: 9.69%
• 1Y: 30.72%
• 3Y*: 15.90%
• 5Y*: 7.74%
• 10Y*: 12.01%

FPADX

• 1D: 3.21%
• 1M: -8.18%
• YTD: 3.44%
• 6M: 7.16%
• 1Y: 32.67%
• 3Y*: 15.83%
• 5Y*: 3.78%
• 10Y*: 7.85%

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

FDSCX vs. FPADX - Expense Ratio Comparison

FDSCX has a 0.90% expense ratio, which is higher than FPADX's 0.08% expense ratio.

FDSCX

Fidelity Stock Selector Small Cap Fund

FPADX

Fidelity Emerging Markets Index Fund

Return for Risk

FDSCX vs. FPADX — Risk / Return Rank

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

FDSCX

FDSCX Risk / Return Rank: 79
FDSCX Sharpe Ratio Rank: 76
FDSCX Sortino Ratio Rank: 78
FDSCX Omega Ratio Rank: 70
FDSCX Calmar Ratio Rank: 85
FDSCX Martin Ratio Rank: 87

FPADX

FPADX Risk / Return Rank: 88
FPADX Sharpe Ratio Rank: 90
FPADX Sortino Ratio Rank: 88
FPADX Omega Ratio Rank: 86
FPADX Calmar Ratio Rank: 89
FPADX Martin Ratio Rank: 89

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.

FDSCX vs. FPADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Small Cap Fund (FDSCX) and Fidelity Emerging Markets Index Fund (FPADX). 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.

	FDSCX	FPADX	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.88	-0.48
Sortino ratio Return per unit of downside risk	2.02	2.47	-0.45
Omega ratio Gain probability vs. loss probability	1.27	1.36	-0.10
Calmar ratio Return relative to maximum drawdown	2.22	2.47	-0.25
Martin ratio Return relative to average drawdown	9.40	9.85	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDSCX vs. FPADX - Sharpe Ratio Comparison

The current FDSCX Sharpe Ratio is 1.39, which is comparable to the FPADX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FDSCX and FPADX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDSCX	FPADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.88	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.23	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.45	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.28	+0.12

Correlation

The correlation between FDSCX and FPADX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDSCX vs. FPADX - Dividend Comparison

FDSCX's dividend yield for the trailing twelve months is around 0.69%, less than FPADX's 2.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDSCX Fidelity Stock Selector Small Cap Fund	0.69%	0.72%	2.71%	0.23%	0.12%	10.85%	1.40%	2.13%	22.39%	10.02%	1.63%	7.06%
FPADX Fidelity Emerging Markets Index Fund	2.28%	2.35%	2.70%	2.68%	2.47%	2.14%	1.50%	2.59%	2.20%	0.12%	1.69%	2.47%

Drawdowns

FDSCX vs. FPADX - Drawdown Comparison

The maximum FDSCX drawdown since its inception was -65.47%, which is greater than FPADX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FDSCX and FPADX.

Drawdown Indicators

	FDSCX	FPADX	Difference
Max Drawdown Largest peak-to-trough decline	-65.47%	-39.16%	-26.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-13.28%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-30.56%	-37.04%	+6.48%
Max Drawdown (10Y) Largest decline over 10 years	-38.43%	-39.16%	+0.73%
Current Drawdown Current decline from peak	-6.45%	-10.50%	+4.05%
Average Drawdown Average peak-to-trough decline	-11.28%	-13.39%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.33%	-0.06%

Volatility

FDSCX vs. FPADX - Volatility Comparison

The current volatility for Fidelity Stock Selector Small Cap Fund (FDSCX) is 7.99%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 9.56%. This indicates that FDSCX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDSCX	FPADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	9.56%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	13.61%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	22.44%	17.83%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	16.70%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.82%	17.63%	+4.19%