FSCRX vs. DFSCX
FSCRX (Fidelity Small Cap Discovery Fund) and DFSCX (DFA U.S. Micro Cap Portfolio) are both Small Cap Blend Equities funds. Over the past 10 years, FSCRX returned 9.98%/yr vs 11.46%/yr for DFSCX. Their correlation of 0.93 means they have usually moved in the same direction. FSCRX charges 0.98%/yr vs 0.41%/yr for DFSCX.
Performance
FSCRX vs. DFSCX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCRX achieves a 16.81% return, which is significantly lower than DFSCX's 22.99% return. Over the past 10 years, FSCRX has underperformed DFSCX with an annualized return of 9.98%, while DFSCX has yielded a comparatively higher 11.46% annualized return.
FSCRX
- 1D
- 0.76%
- 1M
- -0.34%
- 6M
- 11.04%
- YTD
- 16.81%
- 1Y
- 28.13%
- 3Y*
- 11.66%
- 5Y*
- 7.48%
- 10Y*
- 9.98%
- ALL TIME*
- 10.45%
DFSCX
- 1D
- -0.18%
- 1M
- -0.62%
- 6M
- 14.68%
- YTD
- 22.99%
- 1Y
- 39.29%
- 3Y*
- 16.31%
- 5Y*
- 10.84%
- 10Y*
- 11.46%
- ALL TIME*
- 12.44%
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 |
FSCRX vs. DFSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCRX Fidelity Small Cap Discovery Fund | 16.81% | 10.89% | 2.75% | 21.28% | -16.68% | 35.66% | 6.87% | 27.31% | -14.06% | 7.71% |
DFSCX DFA U.S. Micro Cap Portfolio | 22.99% | 9.65% | 11.43% | 17.93% | -12.49% | 33.70% | 6.61% | 20.68% | -11.60% | 10.92% |
Correlation
The correlation between FSCRX and DFSCX 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 (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2000 | 0.93 |
The correlation between FSCRX and DFSCX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FSCRX vs. DFSCX — Risk / Return Rank
FSCRX
DFSCX
FSCRX vs. DFSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Discovery Fund (FSCRX) and DFA U.S. Micro Cap Portfolio (DFSCX). 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.
| FSCRX | DFSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.50 | -2.21 |
| Martin ratioReturn relative to average drawdown | 7.27 | 15.06 | -7.79 |
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Drawdowns
FSCRX vs. DFSCX - Drawdown Comparison
The maximum FSCRX drawdown since its inception was -56.27%, smaller than the maximum DFSCX drawdown of -63.07%. Use the drawdown chart below to compare losses from any high point for FSCRX and DFSCX.
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Drawdown Indicators
| FSCRX | DFSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.27% | -63.07% | +6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -8.17% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -27.01% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -27.01% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -46.88% | -0.18% |
Current DrawdownCurrent decline from peak | -3.35% | -1.81% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -9.87% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.44% | +1.12% |
Volatility
FSCRX vs. DFSCX - Volatility Comparison
Fidelity Small Cap Discovery Fund (FSCRX) has a higher volatility of 5.29% compared to DFA U.S. Micro Cap Portfolio (DFSCX) at 3.50%. This indicates that FSCRX's price experiences larger fluctuations and is considered to be riskier than DFSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCRX | DFSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.50% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 11.51% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 17.27% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 20.84% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 22.59% | -0.87% |
FSCRX vs. DFSCX - Expense Ratio Comparison
FSCRX has a 0.98% expense ratio, which is higher than DFSCX's 0.41% expense ratio.
Dividends
FSCRX vs. DFSCX - Dividend Comparison
FSCRX's dividend yield for the trailing twelve months is around 12.96%, more than DFSCX's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSCX DFA U.S. Micro Cap Portfolio | 0.86% | 1.03% | 0.97% | 2.48% | 5.16% | 10.77% | 0.87% | 2.80% | 5.50% | 5.05% | 0.90% | 6.33% |
FSCRX Fidelity Small Cap Discovery Fund | 12.96% | 14.70% | 13.03% | 4.44% | 11.56% | 6.12% | 2.79% | 7.46% | 35.48% | 13.68% | 0.44% | 7.28% |
Frequently Asked Questions
FSCRX and DFSCX 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.
FSCRX has higher volatility (5.29%) compared to DFSCX (3.50%). In terms of maximum drawdown, FSCRX dropped -56.27% vs DFSCX's -63.07%.
DFSCX currently has the higher Sharpe Ratio (2.13 vs 1.37), 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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