FSOPX vs. WESCX

Last updated Aug 1, 2026

FSOPX (Fidelity Series Small Cap Opportunities Fund) and WESCX (TETON Westwood SmallCap Equity Fund) are both Small Cap Blend Equities funds. Over the past 10 years, FSOPX returned 12.83%/yr vs 14.05%/yr for WESCX. Their correlation of 0.95 means they have usually moved in the same direction. FSOPX charges 0.00%/yr vs 1.25%/yr for WESCX.

Performance

FSOPX vs. WESCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Small Cap Opportunities Fund (FSOPX) and TETON Westwood SmallCap Equity Fund (WESCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSOPX achieves a 21.27% return, which is significantly lower than WESCX's 28.31% return. Over the past 10 years, FSOPX has underperformed WESCX with an annualized return of 12.83%, while WESCX has yielded a comparatively higher 14.05% annualized return.

FSOPX

• 1D: 1.81%
• 1M: -0.30%
• 6M: 14.63%
• YTD: 21.27%
• 1Y: 39.87%
• 3Y*: 19.09%
• 5Y*: 11.88%
• 10Y*: 12.83%
• ALL TIME*: 9.29%

WESCX

• 1D: 1.37%
• 1M: -2.90%
• 6M: 18.11%
• YTD: 28.31%
• 1Y: 57.72%
• 3Y*: 20.69%
• 5Y*: 12.91%
• 10Y*: 14.05%
• ALL TIME*: 8.61%

*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)
FSOPX Fidelity Series Small Cap Opportunities Fund	$0.00	$0.00	$0.00
WESCX TETON Westwood SmallCap Equity Fund	$0.00	$0.00	$0.00

FSOPX vs. WESCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSOPX Fidelity Series Small Cap Opportunities Fund	21.27%	15.81%	15.31%	20.38%	-17.82%	23.39%	17.03%	29.92%	-8.12%	11.10%
WESCX TETON Westwood SmallCap Equity Fund	28.31%	17.26%	15.48%	12.61%	-12.48%	29.72%	10.93%	28.43%	-13.71%	15.82%

Correlation

The correlation between FSOPX and WESCX is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Mar 23, 2007	0.95

The correlation between FSOPX and WESCX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FSOPX vs. WESCX — Risk / Return Rank

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

FSOPX

FSOPX Risk / Return Rank: 85
FSOPX Sharpe Ratio Rank: 82
FSOPX Sortino Ratio Rank: 81
FSOPX Omega Ratio Rank: 75
FSOPX Calmar Ratio Rank: 92
FSOPX Martin Ratio Rank: 93

WESCX

WESCX Risk / Return Rank: 94
WESCX Sharpe Ratio Rank: 96
WESCX Sortino Ratio Rank: 92
WESCX Omega Ratio Rank: 87
WESCX Calmar Ratio Rank: 97
WESCX Martin Ratio Rank: 96

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.

FSOPX vs. WESCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Small Cap Opportunities Fund (FSOPX) and TETON Westwood SmallCap Equity Fund (WESCX). 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.

	FSOPX	WESCX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.64	-0.69
Sortino ratio: Return per unit of downside risk	2.82	3.62	-0.80
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	3.64	5.18	-1.54
Martin ratio: Return relative to average drawdown	13.81	17.11	-3.29

FSOPX vs. WESCX - Sharpe Ratio Comparison

The current FSOPX Sharpe Ratio is 1.95, which is comparable to the WESCX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of FSOPX and WESCX, 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

FSOPX vs. WESCX - Drawdown Comparison

The maximum FSOPX drawdown since its inception was -61.75%, smaller than the maximum WESCX drawdown of -70.60%. Use the drawdown chart below to compare losses from any high point for FSOPX and WESCX.

Drawdown Indicators

	FSOPX	WESCX	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-70.60%	+8.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-10.19%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-27.17%	-26.22%	-0.95%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-26.22%	-3.84%
Max Drawdown (10Y) Largest decline over 10 years	-39.15%	-45.13%	+5.98%
Current Drawdown Current decline from peak	-2.67%	-6.62%	+3.95%
Average Drawdown Average peak-to-trough decline	-10.30%	-20.06%	+9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.09%	-0.46%

Volatility

FSOPX vs. WESCX - Volatility Comparison

The current volatility for Fidelity Series Small Cap Opportunities Fund (FSOPX) is 4.54%, while TETON Westwood SmallCap Equity Fund (WESCX) has a volatility of 5.10%. This indicates that FSOPX experiences smaller price fluctuations and is considered to be less risky than WESCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSOPX	WESCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	5.10%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	14.38%	14.64%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	18.67%	20.02%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.74%	21.62%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.99%	23.67%	-1.68%

FSOPX vs. WESCX - Expense Ratio Comparison

FSOPX has a 0.00% expense ratio, which is lower than WESCX's 1.25% expense ratio.

Dividends

FSOPX vs. WESCX - Dividend Comparison

FSOPX's dividend yield for the trailing twelve months is around 3.64%, less than WESCX's 5.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSOPX Fidelity Series Small Cap Opportunities Fund	3.64%	4.41%	9.41%	0.98%	5.16%	30.85%	2.01%	6.67%	13.99%	10.31%	0.69%	5.93%
WESCX TETON Westwood SmallCap Equity Fund	5.85%	7.50%	27.81%	2.81%	1.60%	5.60%	0.01%	4.66%	14.77%	9.13%	9.32%	18.92%

Frequently Asked Questions

Can I hold both FSOPX and WESCX in my portfolio?

With a correlation of 0.93, FSOPX and WESCX 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, FSOPX or WESCX?

WESCX has higher volatility (5.10%) compared to FSOPX (4.54%). In terms of maximum drawdown, FSOPX dropped -61.75% vs WESCX's -70.60%.

Which has better risk-adjusted returns?

WESCX currently has the higher Sharpe Ratio (2.64 vs 1.95), 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.