FMCAX vs. FNCMX
Compare and contrast key facts about Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FMCAX is managed by Fidelity. It was launched on Feb 20, 1996. FNCMX is managed by Fidelity.
Performance
FMCAX vs. FNCMX - Performance Comparison
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FMCAX vs. FNCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCAX Fidelity Advisor Stock Selector Mid Cap Fund Class M | 4.08% | 9.87% | 8.94% | 16.59% | -14.31% | 22.62% | 12.48% | 28.98% | -8.06% | 19.55% |
FNCMX Fidelity NASDAQ Composite Index Fund | -6.99% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
Returns By Period
In the year-to-date period, FMCAX achieves a 4.08% return, which is significantly higher than FNCMX's -6.99% return. Over the past 10 years, FMCAX has underperformed FNCMX with an annualized return of 10.35%, while FNCMX has yielded a comparatively higher 16.86% annualized return.
FMCAX
- 1D
- 3.10%
- 1M
- -5.89%
- YTD
- 4.08%
- 6M
- 7.05%
- 1Y
- 19.03%
- 3Y*
- 11.40%
- 5Y*
- 5.98%
- 10Y*
- 10.35%
FNCMX
- 1D
- 3.83%
- 1M
- -5.04%
- YTD
- -6.99%
- 6M
- -4.89%
- 1Y
- 24.46%
- 3Y*
- 21.83%
- 5Y*
- 10.80%
- 10Y*
- 16.86%
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FMCAX vs. FNCMX - Expense Ratio Comparison
FMCAX has a 1.29% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Return for Risk
FMCAX vs. FNCMX — Risk / Return Rank
FMCAX
FNCMX
FMCAX vs. FNCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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.
| FMCAX | FNCMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.10 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.70 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.92 | -0.51 |
Martin ratioReturn relative to average drawdown | 6.19 | 7.03 | -0.84 |
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
| FMCAX | FNCMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.10 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.48 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.77 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.53 | -0.07 |
Correlation
The correlation between FMCAX and FNCMX is 0.81, 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
FMCAX vs. FNCMX - Dividend Comparison
FMCAX's dividend yield for the trailing twelve months is around 7.85%, more than FNCMX's 0.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCAX Fidelity Advisor Stock Selector Mid Cap Fund Class M | 7.85% | 8.17% | 0.00% | 0.36% | 9.72% | 13.00% | 2.00% | 3.87% | 21.28% | 4.27% | 0.51% | 1.53% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.55% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
Drawdowns
FMCAX vs. FNCMX - Drawdown Comparison
The maximum FMCAX drawdown since its inception was -65.06%, which is greater than FNCMX's maximum drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FMCAX and FNCMX.
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Drawdown Indicators
| FMCAX | FNCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.06% | -55.08% | -9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -13.25% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -35.64% | +10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -43.42% | -35.64% | -7.78% |
Current DrawdownCurrent decline from peak | -5.89% | -9.68% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -7.91% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.61% | -0.35% |
Volatility
FMCAX vs. FNCMX - Volatility Comparison
Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 7.18% and 6.98%, 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
| FMCAX | FNCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 6.98% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 13.04% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.40% | 23.31% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 22.47% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 22.01% | -1.05% |