FMCCX vs. FIIMX

Last updated Jun 4, 2026

FMCCX (Fidelity Advisor Stock Selector Mid Cap Fund Class I) and FIIMX (Fidelity Advisor Mid Cap II Fund Class I) are both Mid Cap Blend Equities funds from Fidelity. Over the past 10 years, FMCCX returned 12.01%/yr vs 11.82%/yr for FIIMX. Their correlation of 0.95 suggests significant overlap in exposure. FMCCX charges 0.82%/yr vs 0.73%/yr for FIIMX.

Performance

FMCCX vs. FIIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector Mid Cap Fund Class I (FMCCX) and Fidelity Advisor Mid Cap II Fund Class I (FIIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMCCX achieves a 18.74% return, which is significantly lower than FIIMX's 21.53% return. Both investments have delivered pretty close results over the past 10 years, with FMCCX having a 12.01% annualized return and FIIMX not far behind at 11.82%.

FMCCX

• 1D: 1.16%
• 1M: 4.61%
• YTD: 18.74%
• 6M: 18.65%
• 1Y: 31.26%
• 3Y*: 16.84%
• 5Y*: 8.26%
• 10Y*: 12.01%

FIIMX

• 1D: 1.43%
• 1M: 4.08%
• YTD: 21.53%
• 6M: 22.83%
• 1Y: 38.47%
• 3Y*: 19.53%
• 5Y*: 10.23%
• 10Y*: 11.82%

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

FMCCX vs. FIIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMCCX Fidelity Advisor Stock Selector Mid Cap Fund Class I	18.74%	10.42%	9.18%	17.17%	-13.93%	23.21%	13.04%	29.58%	-7.63%	19.57%
FIIMX Fidelity Advisor Mid Cap II Fund Class I	21.53%	7.71%	17.21%	15.01%	-14.80%	25.26%	18.68%	23.72%	-14.97%	20.62%

Correlation

The correlation between FMCCX and FIIMX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 17, 2004	0.95

The correlation between FMCCX and FIIMX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

FMCCX vs. FIIMX — Risk / Return Rank

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

FMCCX

FMCCX Risk / Return Rank: 59
FMCCX Sharpe Ratio Rank: 48
FMCCX Sortino Ratio Rank: 47
FMCCX Omega Ratio Rank: 44
FMCCX Calmar Ratio Rank: 82
FMCCX Martin Ratio Rank: 74

FIIMX

FIIMX Risk / Return Rank: 69
FIIMX Sharpe Ratio Rank: 63
FIIMX Sortino Ratio Rank: 57
FIIMX Omega Ratio Rank: 55
FIIMX Calmar Ratio Rank: 85
FIIMX Martin Ratio Rank: 86

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.

FMCCX vs. FIIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Mid Cap Fund Class I (FMCCX) and Fidelity Advisor Mid Cap II Fund Class I (FIIMX). 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.

	FMCCX	FIIMX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.34	-0.29
Sortino ratio: Return per unit of downside risk	2.90	3.18	-0.29
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.05
Calmar ratio: Return relative to maximum drawdown	3.78	4.08	-0.30
Martin ratio: Return relative to average drawdown	14.12	16.43	-2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMCCX vs. FIIMX - Sharpe Ratio Comparison

The current FMCCX Sharpe Ratio is 2.05, which is comparable to the FIIMX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FMCCX and FIIMX, 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

	FMCCX	FIIMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.34	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.51	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.56	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.53	-0.02

Drawdowns

FMCCX vs. FIIMX - Drawdown Comparison

The maximum FMCCX drawdown since its inception was -64.90%, which is greater than FIIMX's maximum drawdown of -53.22%. Use the drawdown chart below to compare losses from any high point for FMCCX and FIIMX.

Drawdown Indicators

	FMCCX	FIIMX	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-53.22%	-11.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-9.83%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-25.10%	-28.06%	+2.96%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	-28.06%	+2.96%
Max Drawdown (10Y) Largest decline over 10 years	-43.38%	-42.29%	-1.09%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.59%	-8.06%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.44%	-0.12%

Volatility

FMCCX vs. FIIMX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector Mid Cap Fund Class I (FMCCX) is 4.68%, while Fidelity Advisor Mid Cap II Fund Class I (FIIMX) has a volatility of 4.99%. This indicates that FMCCX experiences smaller price fluctuations and is considered to be less risky than FIIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCCX	FIIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	4.99%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	12.24%	13.75%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	17.14%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	20.33%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	21.00%	0.00%

FMCCX vs. FIIMX - Expense Ratio Comparison

FMCCX has a 0.82% expense ratio, which is higher than FIIMX's 0.73% expense ratio.

Dividends

FMCCX vs. FIIMX - Dividend Comparison

FMCCX's dividend yield for the trailing twelve months is around 6.81%, more than FIIMX's 5.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIIMX Fidelity Advisor Mid Cap II Fund Class I	5.65%	6.06%	6.79%	2.71%	5.70%	18.41%	1.29%	3.30%	10.56%	7.67%	4.84%	4.76%
FMCCX Fidelity Advisor Stock Selector Mid Cap Fund Class I	6.81%	8.08%	0.00%	0.76%	9.69%	12.82%	2.30%	4.14%	20.89%	4.12%	0.97%	1.81%

Frequently Asked Questions

Can I hold both FMCCX and FIIMX in my portfolio?

With a correlation of 0.97, FMCCX and FIIMX 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.

Which is riskier, FMCCX or FIIMX?

FIIMX has higher volatility (4.99%) compared to FMCCX (4.68%). In terms of maximum drawdown, FMCCX dropped -64.90% vs FIIMX's -53.22%.

Which has better risk-adjusted returns?

FIIMX currently has the higher Sharpe Ratio (2.34 vs 2.05), 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.