FSCEX vs. PRCGX

Last updated Jun 23, 2026

FSCEX (Fidelity Advisor Small Cap Fund Class C) and PRCGX (Perritt MicroCap Opportunities Fund) are both Small Cap Blend Equities funds. Their correlation of 0.84 suggests significant overlap in exposure. FSCEX charges 2.04%/yr vs 1.56%/yr for PRCGX.

Performance

FSCEX vs. PRCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Fund Class C (FSCEX) and Perritt MicroCap Opportunities Fund (PRCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSCEX

• 1D: 1.85%
• 1M: 4.76%
• YTD: 22.31%
• 6M: 19.00%
• 1Y: 39.42%
• 3Y*: 9.61%
• 5Y*: 4.40%
• 10Y*: 8.34%

PRCGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCEX vs. PRCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCEX Fidelity Advisor Small Cap Fund Class C	22.31%	11.04%	-11.92%	17.31%	-21.33%	30.13%	16.12%	31.37%	-16.86%	12.93%
PRCGX Perritt MicroCap Opportunities Fund	13.20%	8.36%	10.29%	12.07%	-16.05%	31.15%	8.88%	9.37%	-17.61%	6.60%

Correlation

The correlation between FSCEX and PRCGX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 9, 1998	0.84

Over the past year, the correlation between FSCEX and PRCGX has dropped to 0.61 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

FSCEX vs. PRCGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSCEX

FSCEX Risk / Return Rank: 72
FSCEX Sharpe Ratio Rank: 65
FSCEX Sortino Ratio Rank: 65
FSCEX Omega Ratio Rank: 53
FSCEX Calmar Ratio Rank: 89
FSCEX Martin Ratio Rank: 88

PRCGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSCEX vs. PRCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Fund Class C (FSCEX) and Perritt MicroCap Opportunities Fund (PRCGX). 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.

	FSCEX	PRCGX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	—	—
Sortino ratio: Return per unit of downside risk	3.08	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	4.23	—	—
Martin ratio: Return relative to average drawdown	15.73	—	—

Drawdowns

Drawdown Indicators

	FSCEX	PRCGX	Difference
Max Drawdown Largest peak-to-trough decline	-51.02%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.37%	—	—
Current Drawdown Current decline from peak	-1.49%	—	—
Average Drawdown Average peak-to-trough decline	-12.68%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	—	—

Volatility

Volatility by Period

	FSCEX	PRCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.26%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.61%	—	—

FSCEX vs. PRCGX - Expense Ratio Comparison

FSCEX has a 2.04% expense ratio, which is higher than PRCGX's 1.56% expense ratio.

Dividends

FSCEX vs. PRCGX - Dividend Comparison

FSCEX's dividend yield for the trailing twelve months is around 2.93%, less than PRCGX's 12.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCEX Fidelity Advisor Small Cap Fund Class C	2.93%	3.58%	0.00%	2.23%	8.66%	16.35%	3.97%	5.72%	20.54%	18.60%	2.60%	10.50%
PRCGX Perritt MicroCap Opportunities Fund	12.01%	8.78%	8.28%	7.34%	3.26%	15.00%	0.00%	3.50%	14.70%	28.27%	9.03%	1.67%

Frequently Asked Questions

Can I hold both FSCEX and PRCGX in my portfolio?

FSCEX and PRCGX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.