FSJHX vs. FXAIX

Last updated Jun 5, 2026

FSJHX (Fidelity Advisor Stock Selector All Cap Fund Class M) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FSJHX is a Large Cap Growth Equities fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FSJHX returned 14.73%/yr vs 15.58%/yr for FXAIX. With a 0.98 correlation, they move nearly in lockstep. FSJHX charges 1.21%/yr vs 0.02%/yr for FXAIX.

Performance

FSJHX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector All Cap Fund Class M (FSJHX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSJHX achieves a 14.87% return, which is significantly higher than FXAIX's 10.89% return. Over the past 10 years, FSJHX has underperformed FXAIX with an annualized return of 14.73%, while FXAIX has yielded a comparatively higher 15.58% annualized return.

FSJHX

• 1D: -0.61%
• 1M: 4.28%
• YTD: 14.87%
• 6M: 15.25%
• 1Y: 35.66%
• 3Y*: 21.95%
• 5Y*: 12.21%
• 10Y*: 14.73%

FXAIX

• 1D: -0.73%
• 1M: 4.17%
• YTD: 10.89%
• 6M: 10.80%
• 1Y: 28.02%
• 3Y*: 22.45%
• 5Y*: 13.91%
• 10Y*: 15.58%

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

FSJHX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSJHX Fidelity Advisor Stock Selector All Cap Fund Class M	14.87%	18.24%	19.15%	26.28%	-19.99%	22.49%	24.23%	31.49%	-9.13%	24.43%
FXAIX Fidelity 500 Index Fund	10.89%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between FSJHX and FXAIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.98

The correlation between FSJHX and FXAIX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

FSJHX vs. FXAIX — Risk / Return Rank

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

FSJHX

FSJHX Risk / Return Rank: 84
FSJHX Sharpe Ratio Rank: 86
FSJHX Sortino Ratio Rank: 79
FSJHX Omega Ratio Rank: 78
FSJHX Calmar Ratio Rank: 85
FSJHX Martin Ratio Rank: 92

FXAIX

FXAIX Risk / Return Rank: 66
FXAIX Sharpe Ratio Rank: 64
FXAIX Sortino Ratio Rank: 59
FXAIX Omega Ratio Rank: 60
FXAIX Calmar Ratio Rank: 67
FXAIX Martin Ratio Rank: 79

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.

FSJHX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class M (FSJHX) and Fidelity 500 Index Fund (FXAIX). 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.

	FSJHX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.37	+0.40
Sortino ratio: Return per unit of downside risk	3.73	3.24	+0.49
Omega ratio: Gain probability vs. loss probability	1.50	1.43	+0.07
Calmar ratio: Return relative to maximum drawdown	3.89	3.17	+0.72
Martin ratio: Return relative to average drawdown	18.79	14.80	+3.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSJHX vs. FXAIX - Sharpe Ratio Comparison

The current FSJHX Sharpe Ratio is 2.77, which is comparable to the FXAIX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FSJHX and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSJHX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.37	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.83	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.87	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.82	-0.02

Drawdowns

FSJHX vs. FXAIX - Drawdown Comparison

The maximum FSJHX drawdown since its inception was -34.41%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSJHX and FXAIX.

Drawdown Indicators

	FSJHX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.41%	-33.79%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-8.89%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-21.01%	-18.76%	-2.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.62%	-24.50%	-1.12%
Max Drawdown (10Y) Largest decline over 10 years	-34.41%	-33.79%	-0.62%
Current Drawdown Current decline from peak	-0.61%	-0.73%	+0.12%
Average Drawdown Average peak-to-trough decline	-4.57%	-3.79%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.90%	+0.01%

Volatility

FSJHX vs. FXAIX - Volatility Comparison

Fidelity Advisor Stock Selector All Cap Fund Class M (FSJHX) has a higher volatility of 3.47% compared to Fidelity 500 Index Fund (FXAIX) at 2.92%. This indicates that FSJHX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSJHX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	2.92%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	8.99%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	11.88%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	16.91%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	18.07%	+0.49%

FSJHX vs. FXAIX - Expense Ratio Comparison

FSJHX has a 1.21% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

FSJHX vs. FXAIX - Dividend Comparison

FSJHX's dividend yield for the trailing twelve months is around 3.71%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSJHX Fidelity Advisor Stock Selector All Cap Fund Class M	3.71%	4.26%	4.26%	1.54%	0.23%	0.82%	4.71%	5.50%	3.73%	3.06%	0.44%	4.46%
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both FSJHX and FXAIX in my portfolio?

With a correlation of 0.98, FSJHX and FXAIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FSJHX or FXAIX?

FSJHX has higher volatility (3.47%) compared to FXAIX (2.92%). In terms of maximum drawdown, FSJHX dropped -34.41% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FSJHX currently has the higher Sharpe Ratio (2.77 vs 2.37), 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.