FMCDX vs. BIGTX

Last updated Aug 1, 2026

FMCDX (Fidelity Advisor Stock Selector Mid Cap Fund Class A) and BIGTX (The Texas Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FMCDX returned 11.57%/yr vs 9.98%/yr for BIGTX. Their correlation of 0.89 means they have usually moved in the same direction. FMCDX charges 1.05%/yr vs 1.67%/yr for BIGTX.

Performance

FMCDX vs. BIGTX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FMCDX having a 18.46% return and BIGTX slightly lower at 17.83%. Over the past 10 years, FMCDX has outperformed BIGTX with an annualized return of 11.57%, while BIGTX has yielded a comparatively lower 9.98% annualized return.

FMCDX

• 1D: 1.24%
• 1M: -2.13%
• 6M: 13.40%
• YTD: 18.46%
• 1Y: 27.22%
• 3Y*: 13.37%
• 5Y*: 8.50%
• 10Y*: 11.57%
• ALL TIME*: 10.51%

BIGTX

• 1D: 2.35%
• 1M: -1.53%
• 6M: 9.80%
• YTD: 17.83%
• 1Y: 22.58%
• 3Y*: 14.23%
• 5Y*: 9.15%
• 10Y*: 9.98%
• ALL TIME*: 6.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIGTX The Texas Fund	$0.00	$0.00	$0.00
FMCDX Fidelity Advisor Stock Selector Mid Cap Fund Class A	$0.00	$0.00	$0.00

FMCDX vs. BIGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMCDX Fidelity Advisor Stock Selector Mid Cap Fund Class A	18.46%	10.17%	8.89%	16.86%	-14.11%	22.92%	12.77%	29.26%	-7.82%	19.57%
BIGTX The Texas Fund	17.83%	5.98%	15.76%	11.32%	-6.93%	23.90%	13.11%	9.61%	-11.44%	11.58%

Correlation

The correlation between FMCDX and BIGTX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.89

The correlation between FMCDX and BIGTX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

FMCDX vs. BIGTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMCDX

FMCDX Risk / Return Rank: 66
FMCDX Sharpe Ratio Rank: 56
FMCDX Sortino Ratio Rank: 58
FMCDX Omega Ratio Rank: 53
FMCDX Calmar Ratio Rank: 82
FMCDX Martin Ratio Rank: 82

BIGTX

BIGTX Risk / Return Rank: 48
BIGTX Sharpe Ratio Rank: 46
BIGTX Sortino Ratio Rank: 45
BIGTX Omega Ratio Rank: 39
BIGTX Calmar Ratio Rank: 64
BIGTX Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMCDX vs. BIGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Mid Cap Fund Class A (FMCDX) and The Texas Fund (BIGTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FMCDX	BIGTX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.27	+0.15
Sortino ratio: Return per unit of downside risk	2.10	1.82	+0.28
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.04
Calmar ratio: Return relative to maximum drawdown	2.73	2.13	+0.60
Martin ratio: Return relative to average drawdown	10.06	6.69	+3.36

FMCDX vs. BIGTX - Sharpe Ratio Comparison

The current FMCDX Sharpe Ratio is 1.42, which is comparable to the BIGTX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FMCDX and BIGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMCDX vs. BIGTX - Drawdown Comparison

The maximum FMCDX drawdown since its inception was -65.00%, smaller than the maximum BIGTX drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for FMCDX and BIGTX.

Drawdown Indicators

	FMCDX	BIGTX	Difference
Max Drawdown Largest peak-to-trough decline	-65.00%	-77.89%	+12.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-8.92%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-25.19%	-77.89%	+52.70%
Max Drawdown (5Y) Largest decline over 5 years	-25.19%	-77.89%	+52.70%
Max Drawdown (10Y) Largest decline over 10 years	-43.40%	-77.89%	+34.49%
Current Drawdown Current decline from peak	-3.63%	-67.25%	+63.62%
Average Drawdown Average peak-to-trough decline	-10.59%	-17.78%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.85%	-0.46%

Volatility

FMCDX vs. BIGTX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector Mid Cap Fund Class A (FMCDX) is 4.09%, while The Texas Fund (BIGTX) has a volatility of 4.80%. This indicates that FMCDX experiences smaller price fluctuations and is considered to be less risky than BIGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCDX	BIGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	4.80%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	11.16%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	14.95%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	126.71%	-106.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	90.64%	-69.67%

FMCDX vs. BIGTX - Expense Ratio Comparison

FMCDX has a 1.05% expense ratio, which is lower than BIGTX's 1.67% expense ratio.

Dividends

FMCDX vs. BIGTX - Dividend Comparison

FMCDX's dividend yield for the trailing twelve months is around 7.24%, more than BIGTX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIGTX The Texas Fund	6.29%	7.38%	3.52%	2.51%	3.06%	5.27%	0.07%	0.08%	2.27%	0.00%	0.00%	0.00%
FMCDX Fidelity Advisor Stock Selector Mid Cap Fund Class A	7.24%	8.58%	0.00%	0.61%	10.14%	13.43%	2.25%	4.16%	21.85%	4.30%	1.03%	9.17%

Frequently Asked Questions

Can I hold both FMCDX and BIGTX in my portfolio?

FMCDX and BIGTX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMCDX or BIGTX?

BIGTX has higher volatility (4.80%) compared to FMCDX (4.09%). In terms of maximum drawdown, FMCDX dropped -65.00% vs BIGTX's -77.89%.

Which has better risk-adjusted returns?

FMCDX currently has the higher Sharpe Ratio (1.42 vs 1.27), 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.