FMCDX vs. LLSCX

Last updated Aug 1, 2026

FMCDX (Fidelity Advisor Stock Selector Mid Cap Fund Class A) and LLSCX (Longleaf Partners Small-Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FMCDX returned 11.57%/yr vs 5.81%/yr for LLSCX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FMCDX charges 1.05%/yr vs 0.95%/yr for LLSCX.

Performance

FMCDX vs. LLSCX - 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 Longleaf Partners Small-Cap Fund (LLSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMCDX achieves a 18.46% return, which is significantly higher than LLSCX's -3.30% return. Over the past 10 years, FMCDX has outperformed LLSCX with an annualized return of 11.57%, while LLSCX has yielded a comparatively lower 5.81% 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%

LLSCX

• 1D: -2.33%
• 1M: 1.15%
• 6M: -4.81%
• YTD: -3.30%
• 1Y: 1.06%
• 3Y*: 5.40%
• 5Y*: 2.00%
• 10Y*: 5.81%
• ALL TIME*: 9.87%

*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)
FMCDX Fidelity Advisor Stock Selector Mid Cap Fund Class A	$0.00	$0.00	$0.00
LLSCX Longleaf Partners Small-Cap Fund	$0.00	$0.00	$0.00

FMCDX vs. LLSCX - 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%
LLSCX Longleaf Partners Small-Cap Fund	-3.30%	7.56%	9.69%	20.17%	-19.25%	11.18%	4.17%	27.74%	-6.52%	9.07%

Correlation

The correlation between FMCDX and LLSCX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Feb 29, 1996	0.77

Over the past year, the correlation between FMCDX and LLSCX has dropped to 0.51 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

FMCDX vs. LLSCX — 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

LLSCX

LLSCX Risk / Return Rank: 3
LLSCX Sharpe Ratio Rank: 3
LLSCX Sortino Ratio Rank: 3
LLSCX Omega Ratio Rank: 3
LLSCX Calmar Ratio Rank: 3
LLSCX Martin Ratio Rank: 3

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. LLSCX - 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 Longleaf Partners Small-Cap Fund (LLSCX). 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	LLSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	-0.13	+1.55
Sortino ratio: Return per unit of downside risk	2.10	-0.09	+2.19
Omega ratio: Gain probability vs. loss probability	1.25	0.99	+0.26
Calmar ratio: Return relative to maximum drawdown	2.73	-0.15	+2.89
Martin ratio: Return relative to average drawdown	10.06	-0.31	+10.37

FMCDX vs. LLSCX - Sharpe Ratio Comparison

The current FMCDX Sharpe Ratio is 1.42, which is higher than the LLSCX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of FMCDX and LLSCX, 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. LLSCX - Drawdown Comparison

The maximum FMCDX drawdown since its inception was -65.00%, roughly equal to the maximum LLSCX drawdown of -63.97%. Use the drawdown chart below to compare losses from any high point for FMCDX and LLSCX.

Drawdown Indicators

	FMCDX	LLSCX	Difference
Max Drawdown Largest peak-to-trough decline	-65.00%	-63.97%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-11.44%	+2.74%
Max Drawdown (3Y) Largest decline over 3 years	-25.19%	-15.40%	-9.79%
Max Drawdown (5Y) Largest decline over 5 years	-25.19%	-26.67%	+1.48%
Max Drawdown (10Y) Largest decline over 10 years	-43.40%	-42.23%	-1.17%
Current Drawdown Current decline from peak	-3.63%	-7.56%	+3.93%
Average Drawdown Average peak-to-trough decline	-10.59%	-8.90%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	5.62%	-3.23%

Volatility

FMCDX vs. LLSCX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector Mid Cap Fund Class A (FMCDX) is 4.09%, while Longleaf Partners Small-Cap Fund (LLSCX) has a volatility of 5.13%. This indicates that FMCDX experiences smaller price fluctuations and is considered to be less risky than LLSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCDX	LLSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	5.13%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	10.29%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	13.38%	+3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	17.03%	+2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	24.58%	-3.61%

FMCDX vs. LLSCX - Expense Ratio Comparison

FMCDX has a 1.05% expense ratio, which is higher than LLSCX's 0.95% expense ratio.

Dividends

FMCDX vs. LLSCX - Dividend Comparison

FMCDX's dividend yield for the trailing twelve months is around 7.24%, more than LLSCX's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LLSCX Longleaf Partners Small-Cap Fund	1.21%	1.17%	0.11%	0.94%	1.20%	0.82%	5.85%	14.89%	18.13%	8.43%	18.01%	5.91%

Frequently Asked Questions

Can I hold both FMCDX and LLSCX in my portfolio?

FMCDX and LLSCX have a correlation of 0.51, 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 LLSCX?

LLSCX has higher volatility (5.13%) compared to FMCDX (4.09%). In terms of maximum drawdown, FMCDX dropped -65.00% vs LLSCX's -63.97%.

Which has better risk-adjusted returns?

FMCDX currently has the higher Sharpe Ratio (1.42 vs -0.13), 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.