FMCSX vs. MXXIX

Last updated Aug 1, 2026

FMCSX (Fidelity Mid-Cap Stock Fund) and MXXIX (Marsico Midcap Growth Focus Fund) are both mutual funds - FMCSX is a Mid Cap Blend Equities fund actively managed by Fidelity, while MXXIX is a Mid Cap Growth Equities fund managed by Marsico Investment Fund. Over the past 10 years, FMCSX returned 12.33%/yr vs 16.63%/yr for MXXIX. Their correlation of 0.85 means they have usually moved in the same direction. FMCSX charges 0.62%/yr vs 1.33%/yr for MXXIX.

Performance

FMCSX vs. MXXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid-Cap Stock Fund (FMCSX) and Marsico Midcap Growth Focus Fund (MXXIX). 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 FMCSX having a 14.84% return and MXXIX slightly lower at 14.43%. Over the past 10 years, FMCSX has underperformed MXXIX with an annualized return of 12.33%, while MXXIX has yielded a comparatively higher 16.63% 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%

MXXIX

• 1D: 1.70%
• 1M: -3.39%
• 6M: 9.04%
• YTD: 14.43%
• 1Y: 20.04%
• 3Y*: 29.73%
• 5Y*: 11.12%
• 10Y*: 16.63%
• ALL TIME*: 9.36%

*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)
FMCSX Fidelity Mid-Cap Stock Fund	$0.00	$0.00	$0.00
MXXIX Marsico Midcap Growth Focus Fund	$0.00	$0.00	$0.00

FMCSX vs. MXXIX - 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%
MXXIX Marsico Midcap Growth Focus Fund	14.43%	26.09%	42.95%	21.71%	-31.84%	12.04%	45.34%	29.88%	1.76%	30.05%

Correlation

The correlation between FMCSX and MXXIX is 0.85, 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.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000	0.85

The correlation between FMCSX and MXXIX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

FMCSX vs. MXXIX — Risk / Return Rank

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

FMCSX

FMCSX Risk / Return Rank: 60
FMCSX Sharpe Ratio Rank: 50
FMCSX Sortino Ratio Rank: 51
FMCSX Omega Ratio Rank: 46
FMCSX Calmar Ratio Rank: 78
FMCSX Martin Ratio Rank: 74

MXXIX

MXXIX Risk / Return Rank: 29
MXXIX Sharpe Ratio Rank: 26
MXXIX Sortino Ratio Rank: 27
MXXIX Omega Ratio Rank: 25
MXXIX Calmar Ratio Rank: 32
MXXIX Martin Ratio Rank: 33

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.

FMCSX vs. MXXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock Fund (FMCSX) and Marsico Midcap Growth Focus Fund (MXXIX). 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	MXXIX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	0.87	+0.42
Sortino ratio: Return per unit of downside risk	1.90	1.34	+0.55
Omega ratio: Gain probability vs. loss probability	1.23	1.16	+0.07
Calmar ratio: Return relative to maximum drawdown	2.51	1.36	+1.15
Martin ratio: Return relative to average drawdown	8.76	4.71	+4.05

FMCSX vs. MXXIX - Sharpe Ratio Comparison

The current FMCSX Sharpe Ratio is 1.30, which is higher than the MXXIX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of FMCSX and MXXIX, 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

FMCSX vs. MXXIX - Drawdown Comparison

The maximum FMCSX drawdown since its inception was -62.19%, roughly equal to the maximum MXXIX drawdown of -62.49%. Use the drawdown chart below to compare losses from any high point for FMCSX and MXXIX.

Drawdown Indicators

	FMCSX	MXXIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.19%	-62.49%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-13.07%	+4.52%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-20.05%	-2.28%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	-40.59%	+18.26%
Max Drawdown (10Y) Largest decline over 10 years	-40.55%	-40.59%	+0.04%
Current Drawdown Current decline from peak	-5.29%	-5.29%	0.00%
Average Drawdown Average peak-to-trough decline	-9.32%	-18.27%	+8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	3.77%	-1.31%

Volatility

FMCSX vs. MXXIX - Volatility Comparison

The current volatility for Fidelity Mid-Cap Stock Fund (FMCSX) is 4.28%, while Marsico Midcap Growth Focus Fund (MXXIX) has a volatility of 4.73%. This indicates that FMCSX experiences smaller price fluctuations and is considered to be less risky than MXXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCSX	MXXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	4.73%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	13.15%	16.58%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	20.43%	-3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	22.97%	-5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	21.87%	-3.31%

FMCSX vs. MXXIX - Expense Ratio Comparison

FMCSX has a 0.62% expense ratio, which is lower than MXXIX's 1.33% expense ratio.

Dividends

FMCSX vs. MXXIX - Dividend Comparison

FMCSX's dividend yield for the trailing twelve months is around 5.40%, less than MXXIX's 10.44% yield.

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%
MXXIX Marsico Midcap Growth Focus Fund	10.44%	11.95%	9.18%	1.24%	0.00%	14.22%	2.83%	3.26%	5.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMCSX and MXXIX in my portfolio?

FMCSX and MXXIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMCSX or MXXIX?

MXXIX has higher volatility (4.73%) compared to FMCSX (4.28%). In terms of maximum drawdown, FMCSX dropped -62.19% vs MXXIX's -62.49%.

Which has better risk-adjusted returns?

FMCSX currently has the higher Sharpe Ratio (1.30 vs 0.87), 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.