FMCAX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX) and Fidelity 500 Index Fund (FXAIX).
FMCAX is managed by Fidelity. It was launched on Feb 20, 1996. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FMCAX vs. FXAIX - Performance Comparison
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FMCAX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FMCAX achieves a 4.08% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, FMCAX has underperformed FXAIX with an annualized return of 10.35%, while FXAIX has yielded a comparatively higher 14.08% 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%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FMCAX vs. FXAIX - Expense Ratio Comparison
FMCAX has a 1.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FMCAX vs. FXAIX — Risk / Return Rank
FMCAX
FXAIX
FMCAX vs. FXAIX - 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 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.97 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.49 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.52 | -0.11 |
Martin ratioReturn relative to average drawdown | 6.19 | 7.30 | -1.11 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.97 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.70 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.78 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.76 | -0.30 |
Correlation
The correlation between FMCAX and FXAIX is 0.87, 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. FXAIX - Dividend Comparison
FMCAX's dividend yield for the trailing twelve months is around 7.85%, more than FXAIX's 1.16% 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% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FMCAX vs. FXAIX - Drawdown Comparison
The maximum FMCAX drawdown since its inception was -65.06%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FMCAX and FXAIX.
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Drawdown Indicators
| FMCAX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.06% | -33.79% | -31.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -12.13% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -24.50% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -43.42% | -33.79% | -9.63% |
Current DrawdownCurrent decline from peak | -5.89% | -6.23% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -3.83% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.53% | +0.73% |
Volatility
FMCAX vs. FXAIX - Volatility Comparison
Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX) has a higher volatility of 7.18% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that FMCAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCAX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 5.34% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 9.53% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.40% | 18.32% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 16.92% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 18.05% | +2.91% |