FDSSX vs. VOO

Last updated Aug 4, 2026

FDSSX (Fidelity Stock Selector All Cap Fund) and VOO (Vanguard S&P 500 ETF) are both funds - FDSSX is a Large Cap Growth Equities fund managed by Fidelity, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FDSSX returned 15.00%/yr vs 15.17%/yr for VOO. Their 0.98 correlation means they have historically moved very closely together. FDSSX charges 0.68%/yr vs 0.03%/yr for VOO.

Performance

FDSSX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stock Selector All Cap Fund (FDSSX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDSSX achieves a 15.33% return, which is significantly higher than VOO's 11.72% return. Both investments have delivered pretty close results over the past 10 years, with FDSSX having a 15.00% annualized return and VOO not far ahead at 15.17%.

FDSSX

• 1D: 0.73%
• 1M: -0.07%
• 6M: 11.74%
• YTD: 15.33%
• 1Y: 29.29%
• 3Y*: 20.09%
• 5Y*: 12.16%
• 10Y*: 15.00%
• ALL TIME*: 11.48%

VOO

• 1D: 1.42%
• 1M: 1.69%
• 6M: 9.53%
• YTD: 11.72%
• 1Y: 23.30%
• 3Y*: 20.85%
• 5Y*: 13.12%
• 10Y*: 15.17%
• ALL TIME*: 14.88%

*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)
FDSSX Fidelity Stock Selector All Cap Fund	$0.00	$0.00	$0.00
VOO Vanguard S&P 500 ETF	$3.97B	$3.80B	$5.49B

FDSSX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDSSX Fidelity Stock Selector All Cap Fund	15.33%	18.89%	19.79%	26.94%	-19.55%	23.14%	24.90%	32.21%	-8.61%	24.42%
VOO Vanguard S&P 500 ETF	11.72%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between FDSSX and VOO is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.98
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.98

The correlation between FDSSX and VOO has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FDSSX vs. VOO — Risk / Return Rank

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

FDSSX

FDSSX Risk / Return Rank: 80
FDSSX Sharpe Ratio Rank: 78
FDSSX Sortino Ratio Rank: 74
FDSSX Omega Ratio Rank: 74
FDSSX Calmar Ratio Rank: 84
FDSSX Martin Ratio Rank: 91

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 79
VOO Sortino Ratio Rank: 77
VOO Omega Ratio Rank: 78
VOO Calmar Ratio Rank: 74
VOO Martin Ratio Rank: 83

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.

FDSSX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector All Cap Fund (FDSSX) and Vanguard S&P 500 ETF (VOO). 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.

	FDSSX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.83	+0.06
Sortino ratio: Return per unit of downside risk	2.59	2.53	+0.06
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	2.94	2.63	+0.31
Martin ratio: Return relative to average drawdown	13.29	11.23	+2.06

FDSSX vs. VOO - Sharpe Ratio Comparison

The current FDSSX Sharpe Ratio is 1.89, which is comparable to the VOO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FDSSX and VOO, 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

FDSSX vs. VOO - Drawdown Comparison

The maximum FDSSX drawdown since its inception was -56.77%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDSSX and VOO.

Drawdown Indicators

	FDSSX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-56.77%	-33.99%	-22.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-8.90%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	-18.69%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.22%	-24.52%	-0.70%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-33.99%	-0.38%
Current Drawdown Current decline from peak	-1.58%	0.00%	-1.58%
Average Drawdown Average peak-to-trough decline	-9.84%	-3.67%	-6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.08%	-0.05%

Volatility

FDSSX vs. VOO - Volatility Comparison

Fidelity Stock Selector All Cap Fund (FDSSX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.79% and 3.81%, 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

	FDSSX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.81%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	10.18%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	12.80%	+1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	16.95%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.58%	18.02%	+0.56%

FDSSX vs. VOO - Expense Ratio Comparison

FDSSX has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

FDSSX vs. VOO - Dividend Comparison

FDSSX's dividend yield for the trailing twelve months is around 4.15%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDSSX Fidelity Stock Selector All Cap Fund	4.15%	4.79%	4.83%	2.03%	0.36%	0.84%	5.22%	6.09%	4.46%	3.07%	1.04%	5.16%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FDSSX and VOO in my portfolio?

With a correlation of 0.97, FDSSX and VOO 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, FDSSX or VOO?

VOO has higher volatility (3.81%) compared to FDSSX (3.79%). In terms of maximum drawdown, FDSSX dropped -56.77% vs VOO's -33.99%.

Which has better risk-adjusted returns?

FDSSX currently has the higher Sharpe Ratio (1.89 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.