FSCIX vs. PRCGX

Last updated Jun 4, 2026

FSCIX (Fidelity Advisor Small Cap Fund Class I) and PRCGX (Perritt MicroCap Opportunities Fund) are both Small Cap Blend Equities funds. Their correlation of 0.84 suggests significant overlap in exposure. FSCIX charges 0.97%/yr vs 1.56%/yr for PRCGX.

Performance

FSCIX vs. PRCGX - Performance Comparison

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

Returns By Period

FSCIX

• 1D: 1.02%
• 1M: 3.01%
• YTD: 18.50%
• 6M: 16.73%
• 1Y: 37.93%
• 3Y*: 19.07%
• 5Y*: 9.16%
• 10Y*: 11.46%

PRCGX

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

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

FSCIX vs. PRCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCIX Fidelity Advisor Small Cap Fund Class I	18.50%	12.12%	11.59%	18.58%	-20.51%	31.58%	17.44%	32.70%	-16.25%	14.09%
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 FSCIX and PRCGX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 10, 1998	0.84

The correlation between FSCIX and PRCGX shifts across timeframes, from 0.64 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSCIX vs. PRCGX — Risk / Return Rank

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

FSCIX

FSCIX Risk / Return Rank: 69
FSCIX Sharpe Ratio Rank: 60
FSCIX Sortino Ratio Rank: 60
FSCIX Omega Ratio Rank: 51
FSCIX Calmar Ratio Rank: 88
FSCIX Martin Ratio Rank: 86

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.

FSCIX vs. PRCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Fund Class I (FSCIX) 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.

	FSCIX	PRCGX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.35	—	—
Martin ratio: Return relative to average drawdown	16.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSCIX	PRCGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	—	—

Drawdowns

Drawdown Indicators

	FSCIX	PRCGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.58%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	—	—
Current Drawdown Current decline from peak	-0.96%	—	—
Average Drawdown Average peak-to-trough decline	-10.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	—	—

Volatility

Volatility by Period

	FSCIX	PRCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	—	—

FSCIX vs. PRCGX - Expense Ratio Comparison

FSCIX has a 0.97% expense ratio, which is lower than PRCGX's 1.56% expense ratio.

Dividends

FSCIX vs. PRCGX - Dividend Comparison

FSCIX's dividend yield for the trailing twelve months is around 1.37%, less than PRCGX's 12.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCIX Fidelity Advisor Small Cap Fund Class I	1.37%	1.62%	12.26%	1.17%	4.64%	9.81%	2.39%	3.53%	13.10%	12.79%	2.44%	7.76%
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 FSCIX and PRCGX in my portfolio?

FSCIX and PRCGX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.