FIICX vs. TSMDX

Last updated Jun 4, 2026

FIICX (Fidelity Advisor Mid Cap II Fund Class C) and TSMDX (Trillium ESG Small/Mid Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FIICX returned 11.15%/yr vs 8.64%/yr for TSMDX. Their correlation of 0.91 suggests significant overlap in exposure. FIICX charges 1.83%/yr vs 1.36%/yr for TSMDX.

Performance

FIICX vs. TSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mid Cap II Fund Class C (FIICX) and Trillium ESG Small/Mid Cap Fund (TSMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIICX achieves a 21.02% return, which is significantly higher than TSMDX's 6.36% return. Over the past 10 years, FIICX has outperformed TSMDX with an annualized return of 11.15%, while TSMDX has yielded a comparatively lower 8.64% annualized return.

FIICX

• 1D: 1.42%
• 1M: 3.97%
• YTD: 21.02%
• 6M: 22.21%
• 1Y: 37.09%
• 3Y*: 20.15%
• 5Y*: 10.09%
• 10Y*: 11.15%

TSMDX

• 1D: 0.58%
• 1M: 2.90%
• YTD: 6.36%
• 6M: 7.48%
• 1Y: 15.48%
• 3Y*: 9.37%
• 5Y*: 3.48%
• 10Y*: 8.64%

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

FIICX vs. TSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIICX Fidelity Advisor Mid Cap II Fund Class C	21.02%	5.27%	23.14%	13.72%	-15.74%	23.94%	17.35%	22.40%	-15.85%	19.33%
TSMDX Trillium ESG Small/Mid Cap Fund	6.36%	7.85%	7.73%	9.42%	-17.85%	23.18%	15.93%	25.84%	-13.14%	18.99%

Correlation

The correlation between FIICX and TSMDX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015	0.91

Over the past year, the correlation between FIICX and TSMDX has dropped to 0.65 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

FIICX vs. TSMDX — Risk / Return Rank

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

FIICX

FIICX Risk / Return Rank: 66
FIICX Sharpe Ratio Rank: 58
FIICX Sortino Ratio Rank: 53
FIICX Omega Ratio Rank: 51
FIICX Calmar Ratio Rank: 84
FIICX Martin Ratio Rank: 84

TSMDX

TSMDX Risk / Return Rank: 26
TSMDX Sharpe Ratio Rank: 25
TSMDX Sortino Ratio Rank: 27
TSMDX Omega Ratio Rank: 23
TSMDX Calmar Ratio Rank: 24
TSMDX Martin Ratio Rank: 28

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.

FIICX vs. TSMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class C (FIICX) and Trillium ESG Small/Mid Cap Fund (TSMDX). 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.

	FIICX	TSMDX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.44	+0.82
Sortino ratio: Return per unit of downside risk	3.08	2.19	+0.90
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio: Return relative to maximum drawdown	3.93	1.84	+2.09
Martin ratio: Return relative to average drawdown	15.71	6.69	+9.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIICX vs. TSMDX - Sharpe Ratio Comparison

The current FIICX Sharpe Ratio is 2.26, which is higher than the TSMDX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FIICX and TSMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIICX	TSMDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.44	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.19	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.43	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.40	+0.09

Drawdowns

FIICX vs. TSMDX - Drawdown Comparison

The maximum FIICX drawdown since its inception was -53.75%, which is greater than TSMDX's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for FIICX and TSMDX.

Drawdown Indicators

	FIICX	TSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-53.75%	-40.15%	-13.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.86%	-11.65%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-27.79%	-23.21%	-4.58%
Max Drawdown (5Y) Largest decline over 5 years	-27.79%	-27.54%	-0.25%
Max Drawdown (10Y) Largest decline over 10 years	-43.31%	-40.15%	-3.16%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.62%	-7.65%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	3.76%	-1.30%

Volatility

FIICX vs. TSMDX - Volatility Comparison

Fidelity Advisor Mid Cap II Fund Class C (FIICX) has a higher volatility of 4.96% compared to Trillium ESG Small/Mid Cap Fund (TSMDX) at 4.36%. This indicates that FIICX's price experiences larger fluctuations and is considered to be riskier than TSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIICX	TSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.36%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	11.17%	+2.58%
Volatility (1Y) Calculated over the trailing 1-year period	17.15%	14.91%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	19.50%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	20.66%	+0.66%

FIICX vs. TSMDX - Expense Ratio Comparison

FIICX has a 1.83% expense ratio, which is higher than TSMDX's 1.36% expense ratio.

Dividends

FIICX vs. TSMDX - Dividend Comparison

FIICX's dividend yield for the trailing twelve months is around 7.64%, while TSMDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIICX Fidelity Advisor Mid Cap II Fund Class C	7.64%	8.11%	14.08%	2.98%	6.81%	21.73%	1.13%	3.23%	11.72%	8.22%	4.95%	5.19%
TSMDX Trillium ESG Small/Mid Cap Fund	0.00%	0.00%	6.29%	2.47%	2.80%	2.24%	0.12%	4.62%	5.09%	1.72%	1.57%	0.00%

Frequently Asked Questions

Can I hold both FIICX and TSMDX in my portfolio?

FIICX and TSMDX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIICX or TSMDX?

FIICX has higher volatility (4.96%) compared to TSMDX (4.36%). In terms of maximum drawdown, FIICX dropped -53.75% vs TSMDX's -40.15%.

Which has better risk-adjusted returns?

FIICX currently has the higher Sharpe Ratio (2.26 vs 1.44), 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.