FJACX vs. SWSSX
Compare and contrast key facts about Fidelity Series Small Cap Discovery Fund (FJACX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
FJACX is managed by Fidelity. It was launched on Nov 7, 2013. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
FJACX vs. SWSSX - Performance Comparison
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FJACX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJACX Fidelity Series Small Cap Discovery Fund | -4.64% | 11.80% | 3.11% | 21.79% | -13.96% | 36.36% | 9.62% | 30.01% | -17.37% | 9.59% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, FJACX achieves a -4.64% return, which is significantly lower than SWSSX's -2.49% return. Over the past 10 years, FJACX has underperformed SWSSX with an annualized return of 8.97%, while SWSSX has yielded a comparatively higher 9.50% annualized return.
FJACX
- 1D
- -1.23%
- 1M
- -7.75%
- YTD
- -4.64%
- 6M
- -2.32%
- 1Y
- 13.16%
- 3Y*
- 8.38%
- 5Y*
- 6.17%
- 10Y*
- 8.97%
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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FJACX vs. SWSSX - Expense Ratio Comparison
FJACX has a 0.00% expense ratio, which is lower than SWSSX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FJACX vs. SWSSX — Risk / Return Rank
FJACX
SWSSX
FJACX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Small Cap Discovery Fund (FJACX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.
| FJACX | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.91 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.40 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.33 | -0.48 |
Martin ratioReturn relative to average drawdown | 2.86 | 5.02 | -2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FJACX | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.91 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.14 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.40 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.33 | +0.04 |
Correlation
The correlation between FJACX and SWSSX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FJACX vs. SWSSX - Dividend Comparison
FJACX's dividend yield for the trailing twelve months is around 10.94%, more than SWSSX's 1.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJACX Fidelity Series Small Cap Discovery Fund | 10.94% | 10.44% | 10.79% | 2.90% | 24.03% | 17.66% | 2.67% | 6.65% | 8.36% | 1.15% | 0.45% | 5.64% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
FJACX vs. SWSSX - Drawdown Comparison
The maximum FJACX drawdown since its inception was -45.60%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for FJACX and SWSSX.
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Drawdown Indicators
| FJACX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.60% | -60.34% | +14.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -13.90% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -31.93% | +8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -45.60% | -41.81% | -3.79% |
Current DrawdownCurrent decline from peak | -11.19% | -11.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -10.78% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.68% | +0.17% |
Volatility
FJACX vs. SWSSX - Volatility Comparison
The current volatility for Fidelity Series Small Cap Discovery Fund (FJACX) is 5.63%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that FJACX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJACX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 6.59% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 14.12% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 23.11% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 22.57% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 24.03% | -2.49% |