FDSCX vs. RIVSX

Last updated Aug 1, 2026

FDSCX (Fidelity Stock Selector Small Cap Fund) and RIVSX (River Oak Discovery Fund) are both Small Cap Blend Equities funds. Over the past 10 years, FDSCX returned 12.84%/yr vs 11.51%/yr for RIVSX. Their correlation of 0.90 means they have usually moved in the same direction. FDSCX charges 0.85%/yr vs 1.18%/yr for RIVSX.

Performance

FDSCX vs. RIVSX - Performance Comparison

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

Returns By Period

In the year-to-date period, FDSCX achieves a 19.82% return, which is significantly lower than RIVSX's 29.08% return. Over the past 10 years, FDSCX has outperformed RIVSX with an annualized return of 12.84%, while RIVSX has yielded a comparatively lower 11.51% annualized return.

FDSCX

• 1D: 1.70%
• 1M: -0.57%
• 6M: 13.42%
• YTD: 19.82%
• 1Y: 37.50%
• 3Y*: 17.78%
• 5Y*: 10.67%
• 10Y*: 12.84%
• ALL TIME*: 9.09%

RIVSX

• 1D: 1.65%
• 1M: -3.48%
• 6M: 19.20%
• YTD: 29.08%
• 1Y: 46.56%
• 3Y*: 14.41%
• 5Y*: 8.30%
• 10Y*: 11.51%
• ALL TIME*: 8.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDSCX Fidelity Stock Selector Small Cap Fund	$0.00	$0.00	$0.00
RIVSX River Oak Discovery Fund	$0.00	$0.00	$0.00

FDSCX vs. RIVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDSCX Fidelity Stock Selector Small Cap Fund	19.82%	14.33%	14.51%	19.46%	-18.28%	24.76%	21.76%	30.42%	-8.90%	11.25%
RIVSX River Oak Discovery Fund	29.08%	9.11%	4.42%	8.18%	-14.53%	24.78%	29.00%	30.36%	-13.72%	11.33%

Correlation

The correlation between FDSCX and RIVSX is 0.82, 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.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.90

The correlation between FDSCX and RIVSX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

FDSCX vs. RIVSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDSCX

FDSCX Risk / Return Rank: 83
FDSCX Sharpe Ratio Rank: 79
FDSCX Sortino Ratio Rank: 79
FDSCX Omega Ratio Rank: 73
FDSCX Calmar Ratio Rank: 91
FDSCX Martin Ratio Rank: 91

RIVSX

RIVSX Risk / Return Rank: 89
RIVSX Sharpe Ratio Rank: 89
RIVSX Sortino Ratio Rank: 86
RIVSX Omega Ratio Rank: 82
RIVSX Calmar Ratio Rank: 96
RIVSX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDSCX vs. RIVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Small Cap Fund (FDSCX) and River Oak Discovery Fund (RIVSX). 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	RIVSX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.22	-0.39
Sortino ratio: Return per unit of downside risk	2.67	3.11	-0.43
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	3.39	4.68	-1.29
Martin ratio: Return relative to average drawdown	12.76	15.06	-2.30

FDSCX vs. RIVSX - Sharpe Ratio Comparison

The current FDSCX Sharpe Ratio is 1.83, which is comparable to the RIVSX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FDSCX and RIVSX, 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

FDSCX vs. RIVSX - Drawdown Comparison

The maximum FDSCX drawdown since its inception was -65.47%, which is greater than RIVSX's maximum drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for FDSCX and RIVSX.

Drawdown Indicators

	FDSCX	RIVSX	Difference
Max Drawdown Largest peak-to-trough decline	-65.47%	-60.61%	-4.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-9.11%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-27.42%	-24.52%	-2.90%
Max Drawdown (5Y) Largest decline over 5 years	-30.56%	-25.75%	-4.81%
Max Drawdown (10Y) Largest decline over 10 years	-38.43%	-41.45%	+3.02%
Current Drawdown Current decline from peak	-2.87%	-5.79%	+2.92%
Average Drawdown Average peak-to-trough decline	-11.18%	-10.43%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.83%	-0.16%

Volatility

FDSCX vs. RIVSX - Volatility Comparison

The current volatility for Fidelity Stock Selector Small Cap Fund (FDSCX) is 4.50%, while River Oak Discovery Fund (RIVSX) has a volatility of 5.45%. This indicates that FDSCX experiences smaller price fluctuations and is considered to be less risky than RIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDSCX	RIVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	5.45%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	14.28%	13.32%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	19.24%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.66%	20.34%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	21.84%	+0.04%

FDSCX vs. RIVSX - Expense Ratio Comparison

FDSCX has a 0.85% expense ratio, which is lower than RIVSX's 1.18% expense ratio.

Dividends

FDSCX vs. RIVSX - Dividend Comparison

FDSCX's dividend yield for the trailing twelve months is around 0.60%, more than RIVSX's 0.22% 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%
RIVSX River Oak Discovery Fund	0.22%	0.29%	0.00%	0.00%	0.15%	16.84%	14.54%	3.81%	17.54%	5.48%	0.00%	0.11%

Frequently Asked Questions

Can I hold both FDSCX and RIVSX in my portfolio?

FDSCX and RIVSX 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, FDSCX or RIVSX?

RIVSX has higher volatility (5.45%) compared to FDSCX (4.50%). In terms of maximum drawdown, FDSCX dropped -65.47% vs RIVSX's -60.61%.

Which has better risk-adjusted returns?

RIVSX currently has the higher Sharpe Ratio (2.22 vs 1.83), 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.