FSCRX vs. PRNHX
Compare and contrast key facts about Fidelity Small Cap Discovery Fund (FSCRX) and T. Rowe Price New Horizons Fund (PRNHX).
FSCRX is managed by Fidelity. It was launched on Sep 26, 2000. PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSCRX or PRNHX.
Performance
FSCRX vs. PRNHX - Performance Comparison
Returns By Period
In the year-to-date period, FSCRX achieves a -0.19% return, which is significantly lower than PRNHX's 10.57% return. Over the past 10 years, FSCRX has underperformed PRNHX with an annualized return of -0.55%, while PRNHX has yielded a comparatively higher 12.10% annualized return.
FSCRX
-0.19%
1.88%
-2.75%
7.39%
2.85%
-0.55%
PRNHX
10.57%
6.90%
12.57%
23.48%
8.47%
12.10%
Key characteristics
| FSCRX | PRNHX | |
|---|---|---|
| Sharpe Ratio | 0.40 | 1.41 |
| Sortino Ratio | 0.65 | 1.99 |
| Omega Ratio | 1.09 | 1.25 |
| Calmar Ratio | 0.33 | 0.62 |
| Martin Ratio | 1.03 | 4.53 |
| Ulcer Index | 7.77% | 5.30% |
| Daily Std Dev | 20.10% | 17.04% |
| Max Drawdown | -61.11% | -55.79% |
| Current Drawdown | -16.75% | -24.19% |
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FSCRX vs. PRNHX - Expense Ratio Comparison
FSCRX has a 0.98% expense ratio, which is higher than PRNHX's 0.75% expense ratio.
Correlation
The correlation between FSCRX and PRNHX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FSCRX vs. PRNHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Discovery Fund (FSCRX) and T. Rowe Price New Horizons Fund (PRNHX). 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.
Dividends
FSCRX vs. PRNHX - Dividend Comparison
FSCRX's dividend yield for the trailing twelve months is around 0.11%, while PRNHX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCRX Fidelity Small Cap Discovery Fund | 0.11% | 0.11% | 0.19% | 0.09% | 0.40% | 0.80% | 1.14% | 0.63% | 0.44% | 7.89% | 0.28% | 0.11% |
PRNHX T. Rowe Price New Horizons Fund | 0.00% | 0.00% | 4.72% | 17.09% | 13.58% | 11.73% | 13.94% | 8.27% | 5.77% | 7.72% | 11.65% | 6.61% |
Drawdowns
FSCRX vs. PRNHX - Drawdown Comparison
The maximum FSCRX drawdown since its inception was -61.11%, which is greater than PRNHX's maximum drawdown of -55.79%. Use the drawdown chart below to compare losses from any high point for FSCRX and PRNHX. For additional features, visit the drawdowns tool.
Volatility
FSCRX vs. PRNHX - Volatility Comparison
Fidelity Small Cap Discovery Fund (FSCRX) has a higher volatility of 6.64% compared to T. Rowe Price New Horizons Fund (PRNHX) at 6.27%. This indicates that FSCRX's price experiences larger fluctuations and is considered to be riskier than PRNHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.