FSCTX vs. CSMDX

Last updated Aug 4, 2026

FSCTX (Fidelity Advisor Small Cap Fund Class M) and CSMDX (Copeland SMID Cap Dividend Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, FSCTX returned 5.23%/yr vs 5.09%/yr for CSMDX. Their correlation of 0.93 means they have usually moved in the same direction. FSCTX charges 1.46%/yr vs 0.95%/yr for CSMDX.

Performance

FSCTX vs. CSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Fund Class M (FSCTX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCTX achieves a 20.02% return, which is significantly higher than CSMDX's 13.17% return.

FSCTX

• 1D: 0.39%
• 1M: -1.37%
• 6M: 13.01%
• YTD: 20.02%
• 1Y: 33.12%
• 3Y*: 9.94%
• 5Y*: 5.23%
• 10Y*: 9.37%
• ALL TIME*: 9.33%

CSMDX

• 1D: 0.29%
• 1M: -0.75%
• 6M: 6.67%
• YTD: 13.17%
• 1Y: 16.86%
• 3Y*: 6.84%
• 5Y*: 5.09%
• 10Y*: —
• ALL TIME*: 8.58%

*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)
CSMDX Copeland SMID Cap Dividend Growth Fund	$0.00	$0.00	$0.00
FSCTX Fidelity Advisor Small Cap Fund Class M	$0.00	$0.00	$0.00

FSCTX vs. CSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCTX Fidelity Advisor Small Cap Fund Class M	20.02%	11.57%	-4.53%	18.02%	-20.91%	30.90%	16.86%	32.04%	-16.52%	10.10%
CSMDX Copeland SMID Cap Dividend Growth Fund	13.17%	2.72%	2.24%	18.89%	-14.89%	22.60%	8.29%	29.90%	-5.20%	10.44%

Correlation

The correlation between FSCTX and CSMDX is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017	0.93

The correlation between FSCTX and CSMDX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

FSCTX vs. CSMDX — Risk / Return Rank

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

FSCTX

FSCTX Risk / Return Rank: 76
FSCTX Sharpe Ratio Rank: 70
FSCTX Sortino Ratio Rank: 72
FSCTX Omega Ratio Rank: 61
FSCTX Calmar Ratio Rank: 89
FSCTX Martin Ratio Rank: 87

CSMDX

CSMDX Risk / Return Rank: 34
CSMDX Sharpe Ratio Rank: 31
CSMDX Sortino Ratio Rank: 35
CSMDX Omega Ratio Rank: 30
CSMDX Calmar Ratio Rank: 38
CSMDX Martin Ratio Rank: 34

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.

FSCTX vs. CSMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Fund Class M (FSCTX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). 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.

	FSCTX	CSMDX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.11	+0.61
Sortino ratio: Return per unit of downside risk	2.53	1.75	+0.78
Omega ratio: Gain probability vs. loss probability	1.30	1.20	+0.10
Calmar ratio: Return relative to maximum drawdown	3.37	1.72	+1.64
Martin ratio: Return relative to average drawdown	11.83	5.33	+6.50

FSCTX vs. CSMDX - Sharpe Ratio Comparison

The current FSCTX Sharpe Ratio is 1.72, which is higher than the CSMDX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FSCTX and CSMDX, 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

FSCTX vs. CSMDX - Drawdown Comparison

The maximum FSCTX drawdown since its inception was -50.42%, which is greater than CSMDX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for FSCTX and CSMDX.

Drawdown Indicators

	FSCTX	CSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-50.42%	-37.28%	-13.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-9.20%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-36.64%	-24.60%	-12.04%
Max Drawdown (5Y) Largest decline over 5 years	-36.64%	-24.60%	-12.04%
Max Drawdown (10Y) Largest decline over 10 years	-40.49%	—	—
Current Drawdown Current decline from peak	-3.97%	-1.31%	-2.66%
Average Drawdown Average peak-to-trough decline	-11.85%	-5.69%	-6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.97%	-0.32%

Volatility

FSCTX vs. CSMDX - Volatility Comparison

Fidelity Advisor Small Cap Fund Class M (FSCTX) has a higher volatility of 4.39% compared to Copeland SMID Cap Dividend Growth Fund (CSMDX) at 3.31%. This indicates that FSCTX's price experiences larger fluctuations and is considered to be riskier than CSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCTX	CSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	3.31%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	10.17%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	18.36%	14.39%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.39%	18.12%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	19.07%	+3.02%

FSCTX vs. CSMDX - Expense Ratio Comparison

FSCTX has a 1.46% expense ratio, which is higher than CSMDX's 0.95% expense ratio.

Dividends

FSCTX vs. CSMDX - Dividend Comparison

FSCTX's dividend yield for the trailing twelve months is around 1.86%, less than CSMDX's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSMDX Copeland SMID Cap Dividend Growth Fund	2.77%	3.14%	1.33%	0.81%	4.07%	6.67%	0.38%	2.61%	4.40%	0.13%	0.00%	0.00%
FSCTX Fidelity Advisor Small Cap Fund Class M	1.86%	2.24%	0.00%	1.55%	6.07%	12.11%	2.99%	4.38%	16.01%	15.16%	2.30%	8.94%

Frequently Asked Questions

Can I hold both FSCTX and CSMDX in my portfolio?

FSCTX and CSMDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCTX or CSMDX?

FSCTX has higher volatility (4.39%) compared to CSMDX (3.31%). In terms of maximum drawdown, FSCTX dropped -50.42% vs CSMDX's -37.28%.

Which has better risk-adjusted returns?

FSCTX currently has the higher Sharpe Ratio (1.72 vs 1.11), 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.