FMCSX vs. FSSMX
FMCSX (Fidelity Mid-Cap Stock Fund) and FSSMX (Fidelity Stock Selector Mid Cap Fund) are both Mid Cap Blend Equities funds from Fidelity. Over the past 10 years, FMCSX returned 12.33%/yr vs 11.29%/yr for FSSMX. Their 0.97 correlation means they have historically moved very closely together. FMCSX charges 0.62%/yr vs 0.79%/yr for FSSMX.
Performance
FMCSX vs. FSSMX - Performance Comparison
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Returns By Period
In the year-to-date period, FMCSX achieves a 14.84% return, which is significantly lower than FSSMX's 18.67% return. Over the past 10 years, FMCSX has outperformed FSSMX with an annualized return of 12.33%, while FSSMX has yielded a comparatively lower 11.29% annualized return.
FMCSX
- 1D
- 1.17%
- 1M
- -3.33%
- 6M
- 11.06%
- YTD
- 14.84%
- 1Y
- 23.84%
- 3Y*
- 14.66%
- 5Y*
- 10.38%
- 10Y*
- 12.33%
- ALL TIME*
- 11.60%
FSSMX
- 1D
- 1.24%
- 1M
- -2.13%
- 6M
- 13.57%
- YTD
- 18.67%
- 1Y
- 18.19%
- 3Y*
- 11.94%
- 5Y*
- 7.78%
- 10Y*
- 11.29%
- ALL TIME*
- 11.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMCSX vs. FSSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCSX Fidelity Mid-Cap Stock Fund | 14.84% | 11.80% | 14.55% | 11.02% | -6.40% | 28.64% | 11.43% | 25.39% | -6.67% | 18.03% |
FSSMX Fidelity Stock Selector Mid Cap Fund | 18.67% | 2.35% | 12.50% | 17.16% | -13.90% | 23.25% | 13.03% | 29.57% | -7.70% | 19.54% |
Correlation
The correlation between FMCSX and FSSMX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2012 | 0.97 |
The correlation between FMCSX and FSSMX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FMCSX vs. FSSMX — Risk / Return Rank
FMCSX
FSSMX
FMCSX vs. FSSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock Fund (FMCSX) and Fidelity Stock Selector Mid Cap Fund (FSSMX). 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.
| FMCSX | FSSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.54 | +0.97 |
| Martin ratioReturn relative to average drawdown | 8.76 | 4.89 | +3.87 |
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Drawdowns
FMCSX vs. FSSMX - Drawdown Comparison
The maximum FMCSX drawdown since its inception was -62.19%, which is greater than FSSMX's maximum drawdown of -43.37%. Use the drawdown chart below to compare losses from any high point for FMCSX and FSSMX.
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Drawdown Indicators
| FMCSX | FSSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.19% | -43.37% | -18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -9.78% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -22.82% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -24.00% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -43.37% | +2.82% |
Current DrawdownCurrent decline from peak | -5.29% | -3.61% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -5.04% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.10% | -0.64% |
Volatility
FMCSX vs. FSSMX - Volatility Comparison
Fidelity Mid-Cap Stock Fund (FMCSX) and Fidelity Stock Selector Mid Cap Fund (FSSMX) have volatilities of 4.28% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCSX | FSSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.09% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 12.85% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 18.59% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 20.31% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 21.12% | -2.56% |
FMCSX vs. FSSMX - Expense Ratio Comparison
FMCSX has a 0.62% expense ratio, which is lower than FSSMX's 0.79% expense ratio.
Dividends
FMCSX vs. FSSMX - Dividend Comparison
FMCSX's dividend yield for the trailing twelve months is around 5.40%, while FSSMX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCSX Fidelity Mid-Cap Stock Fund | 5.40% | 1.83% | 8.94% | 2.60% | 5.44% | 12.80% | 6.72% | 6.63% | 18.48% | 6.66% | 8.25% | 14.18% |
FSSMX Fidelity Stock Selector Mid Cap Fund | 0.00% | 0.00% | 3.10% | 0.78% | 9.73% | 12.87% | 2.31% | 4.03% | 21.01% | 4.12% | 0.92% | 1.84% |
Frequently Asked Questions
With a correlation of 0.96, FMCSX and FSSMX 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.
FMCSX has higher volatility (4.28%) compared to FSSMX (4.09%). In terms of maximum drawdown, FMCSX dropped -62.19% vs FSSMX's -43.37%.
FMCSX currently has the higher Sharpe Ratio (1.30 vs 0.81), 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.
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