FDSCX vs. IWM
FDSCX (Fidelity Stock Selector Small Cap Fund) and IWM (iShares Russell 2000 ETF) are both Small Cap Blend Equities funds. Over the past 10 years, FDSCX returned 13.31%/yr vs 11.68%/yr for IWM. Their correlation of 0.95 suggests significant overlap in exposure. FDSCX charges 0.90%/yr vs 0.19%/yr for IWM.
Performance
FDSCX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, FDSCX achieves a 19.70% return, which is significantly lower than IWM's 21.64% return. Over the past 10 years, FDSCX has outperformed IWM with an annualized return of 13.31%, while IWM has yielded a comparatively lower 11.68% annualized return.
FDSCX
- 1D
- 1.81%
- 1M
- 3.85%
- YTD
- 19.70%
- 6M
- 16.56%
- 1Y
- 42.19%
- 3Y*
- 20.18%
- 5Y*
- 11.09%
- 10Y*
- 13.31%
IWM
- 1D
- 0.88%
- 1M
- 4.83%
- YTD
- 21.64%
- 6M
- 18.08%
- 1Y
- 44.01%
- 3Y*
- 19.60%
- 5Y*
- 6.77%
- 10Y*
- 11.68%
FDSCX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDSCX Fidelity Stock Selector Small Cap Fund | 19.70% | 14.33% | 14.51% | 19.46% | -18.28% | 24.76% | 21.76% | 30.42% | -8.90% | 11.25% |
IWM iShares Russell 2000 ETF | 21.64% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between FDSCX and IWM is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.95 |
The correlation between FDSCX and IWM has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
FDSCX vs. IWM — Risk / Return Rank
FDSCX
IWM
FDSCX vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Small Cap Fund (FDSCX) and iShares Russell 2000 ETF (IWM). 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.
| FDSCX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 4.01 | +0.23 |
| Martin ratioReturn relative to average drawdown | 16.31 | 14.19 | +2.13 |
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Drawdowns
FDSCX vs. IWM - Drawdown Comparison
The maximum FDSCX drawdown since its inception was -65.47%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FDSCX and IWM.
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Drawdown Indicators
| FDSCX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.47% | -59.05% | -6.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -11.03% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.42% | -27.50% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -30.56% | -31.91% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.43% | -41.13% | +2.70% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -10.75% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.11% | -0.51% |
Volatility
FDSCX vs. IWM - Volatility Comparison
Fidelity Stock Selector Small Cap Fund (FDSCX) and iShares Russell 2000 ETF (IWM) have volatilities of 6.42% and 6.47%, 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.
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Volatility by Period
| FDSCX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 6.47% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 14.28% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 19.75% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 22.60% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 23.09% | -1.17% |
FDSCX vs. IWM - Expense Ratio Comparison
FDSCX has a 0.90% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
FDSCX vs. IWM - Dividend Comparison
FDSCX's dividend yield for the trailing twelve months is around 0.60%, less than IWM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDSCX Fidelity Stock Selector Small Cap Fund | 0.60% | 0.72% | 2.71% | 0.23% | 0.12% | 10.85% | 1.40% | 2.13% | 22.39% | 10.02% | 1.63% | 7.06% |
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
With a correlation of 0.93, FDSCX and IWM 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.
IWM has higher volatility (6.47%) compared to FDSCX (6.42%). In terms of maximum drawdown, FDSCX dropped -65.47% vs IWM's -59.05%.
FDSCX currently has the higher Sharpe Ratio (2.31 vs 2.24), 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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