FMCEX vs. FTHMX

Last updated Aug 1, 2026

FMCEX (Fidelity Advisor Stock Selector Mid Cap Fund Class C) and FTHMX (FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares) are both Mid Cap Blend Equities funds. Over the past year, FMCEX returned 26.28% vs 25.20% for FTHMX. Their correlation of 0.92 means they have usually moved in the same direction. FMCEX charges 1.84%/yr vs 0.83%/yr for FTHMX.

Performance

FMCEX vs. FTHMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector Mid Cap Fund Class C (FMCEX) and FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares (FTHMX). 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 FMCEX having a 17.97% return and FTHMX slightly lower at 17.75%.

FMCEX

• 1D: 1.24%
• 1M: -2.19%
• 6M: 12.99%
• YTD: 17.97%
• 1Y: 26.28%
• 3Y*: 12.52%
• 5Y*: 7.66%
• 10Y*: 10.75%
• ALL TIME*: 9.47%

FTHMX

• 1D: 0.85%
• 1M: 2.41%
• 6M: 11.67%
• YTD: 17.75%
• 1Y: 25.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.86%

*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)
FMCEX Fidelity Advisor Stock Selector Mid Cap Fund Class C	$0.00	$0.00	$0.00
FTHMX FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares	$0.00	$0.00	$0.00

FMCEX vs. FTHMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FMCEX Fidelity Advisor Stock Selector Mid Cap Fund Class C	17.97%	9.31%	8.07%	11.97%
FTHMX FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares	17.75%	12.89%	12.48%	11.60%

Correlation

The correlation between FMCEX and FTHMX is 0.90, 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.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.92

The correlation between FMCEX and FTHMX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

FMCEX vs. FTHMX — Risk / Return Rank

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

FMCEX

FMCEX Risk / Return Rank: 58
FMCEX Sharpe Ratio Rank: 46
FMCEX Sortino Ratio Rank: 48
FMCEX Omega Ratio Rank: 43
FMCEX Calmar Ratio Rank: 77
FMCEX Martin Ratio Rank: 75

FTHMX

FTHMX Risk / Return Rank: 82
FTHMX Sharpe Ratio Rank: 77
FTHMX Sortino Ratio Rank: 78
FTHMX Omega Ratio Rank: 72
FTHMX Calmar Ratio Rank: 92
FTHMX Martin Ratio Rank: 91

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.

FMCEX vs. FTHMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Mid Cap Fund Class C (FMCEX) and FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares (FTHMX). 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.

	FMCEX	FTHMX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.85	-0.49
Sortino ratio: Return per unit of downside risk	2.02	2.72	-0.70
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.08
Calmar ratio: Return relative to maximum drawdown	2.61	3.73	-1.12
Martin ratio: Return relative to average drawdown	9.57	13.02	-3.46

FMCEX vs. FTHMX - Sharpe Ratio Comparison

The current FMCEX Sharpe Ratio is 1.36, which is comparable to the FTHMX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FMCEX and FTHMX, 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

FMCEX vs. FTHMX - Drawdown Comparison

The maximum FMCEX drawdown since its inception was -65.27%, which is greater than FTHMX's maximum drawdown of -20.45%. Use the drawdown chart below to compare losses from any high point for FMCEX and FTHMX.

Drawdown Indicators

	FMCEX	FTHMX	Difference
Max Drawdown Largest peak-to-trough decline	-65.27%	-20.45%	-44.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-6.33%	-2.42%
Max Drawdown (3Y) Largest decline over 3 years	-25.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.44%	—	—
Current Drawdown Current decline from peak	-3.68%	-0.06%	-3.62%
Average Drawdown Average peak-to-trough decline	-11.33%	-2.91%	-8.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.81%	+0.60%

Volatility

FMCEX vs. FTHMX - Volatility Comparison

Fidelity Advisor Stock Selector Mid Cap Fund Class C (FMCEX) has a higher volatility of 4.10% compared to FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares (FTHMX) at 2.68%. This indicates that FMCEX's price experiences larger fluctuations and is considered to be riskier than FTHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCEX	FTHMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	2.68%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	12.87%	9.46%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	12.78%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	15.24%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	15.24%	+5.74%

FMCEX vs. FTHMX - Expense Ratio Comparison

FMCEX has a 1.84% expense ratio, which is higher than FTHMX's 0.83% expense ratio.

Dividends

FMCEX vs. FTHMX - Dividend Comparison

FMCEX's dividend yield for the trailing twelve months is around 8.03%, more than FTHMX's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMCEX Fidelity Advisor Stock Selector Mid Cap Fund Class C	8.03%	9.47%	0.00%	0.00%	11.11%	14.34%	1.82%	3.49%	23.19%	4.26%	0.19%	1.67%
FTHMX FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares	0.28%	0.33%	0.28%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMCEX and FTHMX in my portfolio?

FMCEX and FTHMX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMCEX or FTHMX?

FMCEX has higher volatility (4.10%) compared to FTHMX (2.68%). In terms of maximum drawdown, FMCEX dropped -65.27% vs FTHMX's -20.45%.

Which has better risk-adjusted returns?

FTHMX currently has the higher Sharpe Ratio (1.85 vs 1.36), 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.