FSSKX vs. EXEYX

Last updated Jun 24, 2026

FSSKX (Fidelity Advisor Stock Selector All Cap Fund Class K) and EXEYX (Manning & Napier Equity Series) are both Large Cap Growth Equities funds. Over the past 10 years, FSSKX returned 15.78%/yr vs 13.02%/yr for EXEYX. Their correlation of 0.94 suggests significant overlap in exposure. FSSKX charges 0.58%/yr vs 1.05%/yr for EXEYX.

Performance

FSSKX vs. EXEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX) and Manning & Napier Equity Series (EXEYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSSKX achieves a 15.12% return, which is significantly higher than EXEYX's -0.14% return. Over the past 10 years, FSSKX has outperformed EXEYX with an annualized return of 15.78%, while EXEYX has yielded a comparatively lower 13.02% annualized return.

FSSKX

• 1D: -0.40%
• 1M: 1.43%
• YTD: 15.12%
• 6M: 14.27%
• 1Y: 34.10%
• 3Y*: 22.34%
• 5Y*: 12.74%
• 10Y*: 15.78%

EXEYX

• 1D: -0.63%
• 1M: 0.35%
• YTD: -0.14%
• 6M: -1.11%
• 1Y: 8.70%
• 3Y*: 11.68%
• 5Y*: 6.54%
• 10Y*: 13.02%

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

FSSKX vs. EXEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	15.12%	18.98%	19.89%	27.04%	-19.47%	23.28%	25.01%	32.33%	-8.52%	24.38%
EXEYX Manning & Napier Equity Series	-0.14%	8.77%	15.87%	24.52%	-19.51%	25.41%	23.74%	33.64%	-3.94%	28.89%

Correlation

The correlation between FSSKX and EXEYX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.94

The correlation between FSSKX and EXEYX shifts across timeframes, from 0.83 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSSKX vs. EXEYX — Risk / Return Rank

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

FSSKX

FSSKX Risk / Return Rank: 84
FSSKX Sharpe Ratio Rank: 86
FSSKX Sortino Ratio Rank: 79
FSSKX Omega Ratio Rank: 78
FSSKX Calmar Ratio Rank: 85
FSSKX Martin Ratio Rank: 93

EXEYX

EXEYX Risk / Return Rank: 8
EXEYX Sharpe Ratio Rank: 9
EXEYX Sortino Ratio Rank: 9
EXEYX Omega Ratio Rank: 9
EXEYX Calmar Ratio Rank: 7
EXEYX Martin Ratio Rank: 8

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.

FSSKX vs. EXEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX) and Manning & Napier Equity Series (EXEYX). 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.

	FSSKX	EXEYX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	0.71	+1.88
Sortino ratio: Return per unit of downside risk	3.43	1.06	+2.37
Omega ratio: Gain probability vs. loss probability	1.47	1.13	+0.34
Calmar ratio: Return relative to maximum drawdown	3.88	0.61	+3.28
Martin ratio: Return relative to average drawdown	18.22	2.00	+16.22

FSSKX vs. EXEYX - Sharpe Ratio Comparison

The current FSSKX Sharpe Ratio is 2.59, which is higher than the EXEYX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FSSKX and EXEYX, 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

FSSKX vs. EXEYX - Drawdown Comparison

The maximum FSSKX drawdown since its inception was -53.43%, roughly equal to the maximum EXEYX drawdown of -54.49%. Use the drawdown chart below to compare losses from any high point for FSSKX and EXEYX.

Drawdown Indicators

	FSSKX	EXEYX	Difference
Max Drawdown Largest peak-to-trough decline	-53.43%	-54.49%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-16.40%	+7.20%
Max Drawdown (3Y) Largest decline over 3 years	-20.84%	-20.43%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	-25.62%	+0.42%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-32.30%	-2.07%
Current Drawdown Current decline from peak	-0.64%	-3.25%	+2.61%
Average Drawdown Average peak-to-trough decline	-7.69%	-7.85%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	4.96%	-3.01%

Volatility

FSSKX vs. EXEYX - Volatility Comparison

Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX) has a higher volatility of 5.35% compared to Manning & Napier Equity Series (EXEYX) at 4.46%. This indicates that FSSKX's price experiences larger fluctuations and is considered to be riskier than EXEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSSKX	EXEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	4.46%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	11.13%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	14.02%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	16.99%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	17.97%	+0.67%

FSSKX vs. EXEYX - Expense Ratio Comparison

FSSKX has a 0.58% expense ratio, which is lower than EXEYX's 1.05% expense ratio.

Dividends

FSSKX vs. EXEYX - Dividend Comparison

FSSKX's dividend yield for the trailing twelve months is around 4.15%, less than EXEYX's 11.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXEYX Manning & Napier Equity Series	11.28%	11.26%	11.88%	3.11%	13.28%	16.60%	8.31%	10.39%	20.49%	7.57%	4.98%	44.53%
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	4.15%	4.78%	4.87%	2.11%	0.38%	1.44%	5.29%	6.17%	4.37%	3.07%	1.12%	5.23%

Frequently Asked Questions

Can I hold both FSSKX and EXEYX in my portfolio?

FSSKX and EXEYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSSKX or EXEYX?

FSSKX has higher volatility (5.35%) compared to EXEYX (4.46%). In terms of maximum drawdown, FSSKX dropped -53.43% vs EXEYX's -54.49%.

Which has better risk-adjusted returns?

FSSKX currently has the higher Sharpe Ratio (2.59 vs 0.71), 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.