FSLCX vs. FDSCX

Last updated Jun 24, 2026

FSLCX (Fidelity Small Cap Stock Fund) and FDSCX (Fidelity Stock Selector Small Cap Fund) are both Small Cap Blend Equities funds from Fidelity. Over the past 10 years, FSLCX returned 11.14%/yr vs 13.76%/yr for FDSCX. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.90% expense ratio.

Performance

FSLCX vs. FDSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Stock Fund (FSLCX) and Fidelity Stock Selector Small Cap Fund (FDSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSLCX achieves a 22.66% return, which is significantly higher than FDSCX's 21.14% return. Over the past 10 years, FSLCX has underperformed FDSCX with an annualized return of 11.14%, while FDSCX has yielded a comparatively higher 13.76% annualized return.

FSLCX

• 1D: 0.93%
• 1M: 7.81%
• YTD: 22.66%
• 6M: 20.12%
• 1Y: 39.44%
• 3Y*: 21.32%
• 5Y*: 8.20%
• 10Y*: 11.14%

FDSCX

• 1D: 1.20%
• 1M: 5.10%
• YTD: 21.14%
• 6M: 18.35%
• 1Y: 42.20%
• 3Y*: 21.43%
• 5Y*: 10.78%
• 10Y*: 13.76%

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

FSLCX vs. FDSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSLCX Fidelity Small Cap Stock Fund	22.66%	14.95%	9.27%	19.70%	-22.71%	20.26%	13.80%	29.46%	-11.70%	13.78%
FDSCX Fidelity Stock Selector Small Cap Fund	21.14%	14.33%	14.51%	19.46%	-18.28%	24.76%	21.76%	30.42%	-8.90%	11.25%

Correlation

The correlation between FSLCX and FDSCX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 12, 1998	0.93

The correlation between FSLCX and FDSCX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

FSLCX vs. FDSCX — Risk / Return Rank

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

FSLCX

FSLCX Risk / Return Rank: 65
FSLCX Sharpe Ratio Rank: 65
FSLCX Sortino Ratio Rank: 65
FSLCX Omega Ratio Rank: 52
FSLCX Calmar Ratio Rank: 78
FSLCX Martin Ratio Rank: 63

FDSCX

FDSCX Risk / Return Rank: 80
FDSCX Sharpe Ratio Rank: 79
FDSCX Sortino Ratio Rank: 76
FDSCX Omega Ratio Rank: 63
FDSCX Calmar Ratio Rank: 90
FDSCX Martin Ratio Rank: 91

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.

FSLCX vs. FDSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Stock Fund (FSLCX) and Fidelity Stock Selector Small Cap Fund (FDSCX). 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.

	FSLCX	FDSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.39	-0.22
Sortino ratio: Return per unit of downside risk	3.08	3.33	-0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	3.34	4.40	-1.05
Martin ratio: Return relative to average drawdown	11.77	16.93	-5.16

FSLCX vs. FDSCX - Sharpe Ratio Comparison

The current FSLCX Sharpe Ratio is 2.17, which is comparable to the FDSCX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FSLCX and FDSCX, 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

FSLCX vs. FDSCX - Drawdown Comparison

The maximum FSLCX drawdown since its inception was -61.22%, smaller than the maximum FDSCX drawdown of -65.47%. Use the drawdown chart below to compare losses from any high point for FSLCX and FDSCX.

Drawdown Indicators

	FSLCX	FDSCX	Difference
Max Drawdown Largest peak-to-trough decline	-61.22%	-65.47%	+4.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	-10.04%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-22.01%	-27.42%	+5.41%
Max Drawdown (5Y) Largest decline over 5 years	-30.04%	-30.56%	+0.52%
Max Drawdown (10Y) Largest decline over 10 years	-45.42%	-38.43%	-6.99%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.80%	-11.21%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	2.60%	+0.95%

Volatility

FSLCX vs. FDSCX - Volatility Comparison

Fidelity Small Cap Stock Fund (FSLCX) has a higher volatility of 7.17% compared to Fidelity Stock Selector Small Cap Fund (FDSCX) at 6.16%. This indicates that FSLCX's price experiences larger fluctuations and is considered to be riskier than FDSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSLCX	FDSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	6.16%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	14.01%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	18.48%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.14%	21.71%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.31%	21.93%	-0.62%

FSLCX vs. FDSCX - Expense Ratio Comparison

Both FSLCX and FDSCX have an expense ratio of 0.90%.

Dividends

FSLCX vs. FDSCX - Dividend Comparison

FSLCX's dividend yield for the trailing twelve months is around 13.13%, more than FDSCX's 0.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDSCX Fidelity Stock Selector Small Cap Fund	0.59%	0.72%	2.71%	0.23%	0.12%	10.85%	1.40%	2.13%	22.39%	10.02%	1.63%	7.06%
FSLCX Fidelity Small Cap Stock Fund	13.13%	14.91%	1.86%	0.02%	7.91%	22.97%	0.00%	0.31%	26.25%	8.92%	3.85%	10.97%

Frequently Asked Questions

Can I hold both FSLCX and FDSCX in my portfolio?

With a correlation of 0.94, FSLCX and FDSCX 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, FSLCX or FDSCX?

FSLCX has higher volatility (7.17%) compared to FDSCX (6.16%). In terms of maximum drawdown, FSLCX dropped -61.22% vs FDSCX's -65.47%.

Which has better risk-adjusted returns?

FDSCX currently has the higher Sharpe Ratio (2.39 vs 2.17), 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.