FSLCX vs. FSSNX
FSLCX (Fidelity Small Cap Stock Fund) and FSSNX (Fidelity Small Cap Index Fund) are both Small Cap Blend Equities funds from Fidelity. Over the past 10 years, FSLCX returned 10.06%/yr vs 10.75%/yr for FSSNX. Their 0.95 correlation means they have historically moved very closely together. FSLCX charges 0.90%/yr vs 0.03%/yr for FSSNX.
Performance
FSLCX vs. FSSNX - Performance Comparison
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Returns By Period
In the year-to-date period, FSLCX achieves a 17.46% return, which is significantly lower than FSSNX's 19.50% return. Over the past 10 years, FSLCX has underperformed FSSNX with an annualized return of 10.06%, while FSSNX has yielded a comparatively higher 10.75% annualized return.
FSLCX
- 1D
- 2.82%
- 1M
- -2.30%
- 6M
- 13.10%
- YTD
- 17.46%
- 1Y
- 30.60%
- 3Y*
- 16.02%
- 5Y*
- 7.16%
- 10Y*
- 10.06%
- ALL TIME*
- 9.06%
FSSNX
- 1D
- 1.37%
- 1M
- -1.63%
- 6M
- 13.42%
- YTD
- 19.50%
- 1Y
- 37.75%
- 3Y*
- 15.41%
- 5Y*
- 7.34%
- 10Y*
- 10.75%
- ALL TIME*
- 11.80%
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 |
FSLCX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLCX Fidelity Small Cap Stock Fund | 17.46% | 14.95% | 9.27% | 19.70% | -22.71% | 20.26% | 13.80% | 29.46% | -11.70% | 13.78% |
FSSNX Fidelity Small Cap Index Fund | 19.50% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Correlation
The correlation between FSLCX and FSSNX is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.96 |
The correlation between FSLCX and FSSNX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
FSLCX vs. FSSNX — Risk / Return Rank
FSLCX
FSSNX
FSLCX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Stock Fund (FSLCX) and Fidelity Small Cap Index Fund (FSSNX). 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 | FSSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.08 | -0.93 |
| Martin ratioReturn relative to average drawdown | 7.14 | 10.93 | -3.79 |
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Drawdowns
FSLCX vs. FSSNX - Drawdown Comparison
The maximum FSLCX drawdown since its inception was -61.22%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for FSLCX and FSSNX.
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Drawdown Indicators
| FSLCX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.22% | -41.72% | -19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -11.00% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.01% | -27.45% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.04% | -31.87% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -45.42% | -41.72% | -3.70% |
Current DrawdownCurrent decline from peak | -5.68% | -2.53% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -8.22% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.10% | +0.67% |
Volatility
FSLCX vs. FSSNX - Volatility Comparison
Fidelity Small Cap Stock Fund (FSLCX) has a higher volatility of 6.00% compared to Fidelity Small Cap Index Fund (FSSNX) at 3.81%. This indicates that FSLCX's price experiences larger fluctuations and is considered to be riskier than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLCX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 3.81% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.77% | 14.14% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 19.42% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 22.55% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 23.42% | -2.13% |
FSLCX vs. FSSNX - Expense Ratio Comparison
FSLCX has a 0.90% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Dividends
FSLCX vs. FSSNX - Dividend Comparison
FSLCX's dividend yield for the trailing twelve months is around 13.71%, more than FSSNX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLCX Fidelity Small Cap Stock Fund | 13.71% | 14.91% | 1.86% | 0.02% | 7.91% | 22.97% | 0.00% | 0.31% | 26.25% | 8.92% | 3.85% | 10.97% |
FSSNX Fidelity Small Cap Index Fund | 1.05% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Frequently Asked Questions
With a correlation of 0.92, FSLCX and FSSNX 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.
FSLCX has higher volatility (6.00%) compared to FSSNX (3.81%). In terms of maximum drawdown, FSLCX dropped -61.22% vs FSSNX's -41.72%.
FSSNX currently has the higher Sharpe Ratio (1.74 vs 1.36), 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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