FLACX vs. FSSKX
FLACX (Fidelity Advisor Stock Selector All Cap Fund Class C) and FSSKX (Fidelity Advisor Stock Selector All Cap Fund Class K) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FLACX returned 14.49%/yr vs 15.45%/yr for FSSKX. With a 1.00 correlation, they move nearly in lockstep. FLACX charges 1.75%/yr vs 0.58%/yr for FSSKX.
Performance
FLACX vs. FSSKX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FLACX having a 15.32% return and FSSKX slightly higher at 15.87%. Over the past 10 years, FLACX has underperformed FSSKX with an annualized return of 14.49%, while FSSKX has yielded a comparatively higher 15.45% annualized return.
FLACX
- 1D
- 0.33%
- 1M
- 5.80%
- YTD
- 15.32%
- 6M
- 15.78%
- 1Y
- 35.98%
- 3Y*
- 23.13%
- 5Y*
- 12.82%
- 10Y*
- 14.49%
FSSKX
- 1D
- 0.34%
- 1M
- 5.90%
- YTD
- 15.87%
- 6M
- 16.43%
- 1Y
- 37.51%
- 3Y*
- 22.95%
- 5Y*
- 13.25%
- 10Y*
- 15.45%
FLACX vs. FSSKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLACX Fidelity Advisor Stock Selector All Cap Fund Class C | 15.32% | 17.65% | 23.13% | 25.62% | -20.42% | 21.82% | 23.53% | 30.77% | -9.60% | 22.30% |
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K | 15.87% | 18.98% | 19.89% | 27.04% | -19.47% | 23.28% | 25.01% | 32.33% | -8.52% | 24.38% |
Correlation
The correlation between FLACX and FSSKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013 | 1.00 |
The correlation between FLACX and FSSKX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FLACX vs. FSSKX — Risk / Return Rank
FLACX
FSSKX
FLACX vs. FSSKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class C (FLACX) and Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX). 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.
| FLACX | FSSKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.54 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 4.20 | -0.23 |
| Martin ratioReturn relative to average drawdown | 19.11 | 20.28 | -1.17 |
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
| FLACX | FSSKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 2.97 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.75 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.83 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.55 | +0.24 |
Drawdowns
FLACX vs. FSSKX - Drawdown Comparison
The maximum FLACX drawdown since its inception was -34.42%, smaller than the maximum FSSKX drawdown of -53.43%. Use the drawdown chart below to compare losses from any high point for FLACX and FSSKX.
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Drawdown Indicators
| FLACX | FSSKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -53.43% | +19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -9.20% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -20.84% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.99% | -25.20% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -34.42% | -34.37% | -0.05% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -7.71% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.90% | +0.02% |
Volatility
FLACX vs. FSSKX - Volatility Comparison
Fidelity Advisor Stock Selector All Cap Fund Class C (FLACX) and Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX) have volatilities of 3.38% and 3.37%, 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
| FLACX | FSSKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.37% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 10.00% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 13.01% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 17.79% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 18.59% | 0.00% |
FLACX vs. FSSKX - Expense Ratio Comparison
FLACX has a 1.75% expense ratio, which is higher than FSSKX's 0.58% expense ratio.
Dividends
FLACX vs. FSSKX - Dividend Comparison
FLACX's dividend yield for the trailing twelve months is around 3.78%, less than FSSKX's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLACX Fidelity Advisor Stock Selector All Cap Fund Class C | 3.78% | 4.36% | 7.56% | 1.35% | 0.08% | 0.16% | 4.20% | 4.87% | 3.49% | 1.36% | 0.00% | 4.37% |
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K | 4.12% | 4.78% | 4.87% | 2.11% | 0.38% | 1.44% | 5.29% | 6.17% | 4.37% | 3.07% | 1.12% | 5.23% |
Frequently Asked Questions
With a correlation of 1.00, FLACX and FSSKX 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.
FLACX has higher volatility (3.38%) compared to FSSKX (3.37%). In terms of maximum drawdown, FLACX dropped -34.42% vs FSSKX's -53.43%.
FSSKX currently has the higher Sharpe Ratio (2.97 vs 2.84), 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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