FSSMX vs. FGDMX

Last updated Jun 23, 2026

FSSMX (Fidelity Stock Selector Mid Cap Fund) and FGDMX (Fidelity Advisor Communication Services Class A) are both mutual funds - FSSMX is a Mid Cap Blend Equities fund managed by Fidelity, while FGDMX is a Communications Equities fund managed by Fidelity. Over the past 5 years, FSSMX returned 8.49%/yr vs 13.64%/yr for FGDMX. A 0.67 correlation means they provide meaningful diversification when combined. FSSMX charges 0.79%/yr vs 1.03%/yr for FGDMX.

Performance

FSSMX vs. FGDMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stock Selector Mid Cap Fund (FSSMX) and Fidelity Advisor Communication Services Class A (FGDMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSSMX achieves a 21.28% return, which is significantly higher than FGDMX's 8.92% return.

FSSMX

• 1D: 1.51%
• 1M: 5.31%
• YTD: 21.28%
• 6M: 9.99%
• 1Y: 24.05%
• 3Y*: 14.89%
• 5Y*: 8.49%
• 10Y*: 11.87%

FGDMX

• 1D: 1.73%
• 1M: -1.61%
• YTD: 8.92%
• 6M: 9.38%
• 1Y: 34.96%
• 3Y*: 32.52%
• 5Y*: 13.64%
• 10Y*: —

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

FSSMX vs. FGDMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSSMX Fidelity Stock Selector Mid Cap Fund	21.28%	2.35%	12.50%	17.16%	-13.90%	23.25%	13.03%	29.57%	-9.65%
FGDMX Fidelity Advisor Communication Services Class A	8.92%	36.36%	35.46%	56.40%	-38.47%	15.63%	35.07%	32.77%	-7.41%

Correlation

The correlation between FSSMX and FGDMX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	0.67

The correlation between FSSMX and FGDMX shifts across timeframes, from 0.54 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSSMX vs. FGDMX — Risk / Return Rank

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

FSSMX

FSSMX Risk / Return Rank: 31
FSSMX Sharpe Ratio Rank: 24
FSSMX Sortino Ratio Rank: 21
FSSMX Omega Ratio Rank: 27
FSSMX Calmar Ratio Rank: 46
FSSMX Martin Ratio Rank: 38

FGDMX

FGDMX Risk / Return Rank: 35
FGDMX Sharpe Ratio Rank: 39
FGDMX Sortino Ratio Rank: 36
FGDMX Omega Ratio Rank: 37
FGDMX Calmar Ratio Rank: 30
FGDMX Martin Ratio Rank: 34

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.

FSSMX vs. FGDMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Mid Cap Fund (FSSMX) and Fidelity Advisor Communication Services Class A (FGDMX). 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.

	FSSMX	FGDMX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.70	-0.38
Sortino ratio: Return per unit of downside risk	1.78	2.34	-0.57
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	2.49	1.95	+0.54
Martin ratio: Return relative to average drawdown	7.95	7.15	+0.80

FSSMX vs. FGDMX - Sharpe Ratio Comparison

The current FSSMX Sharpe Ratio is 1.32, which is comparable to the FGDMX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of FSSMX and FGDMX, 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

FSSMX vs. FGDMX - Drawdown Comparison

The maximum FSSMX drawdown since its inception was -43.37%, smaller than the maximum FGDMX drawdown of -47.60%. Use the drawdown chart below to compare losses from any high point for FSSMX and FGDMX.

Drawdown Indicators

	FSSMX	FGDMX	Difference
Max Drawdown Largest peak-to-trough decline	-43.37%	-47.60%	+4.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-16.94%	+7.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.82%	-23.23%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.00%	-47.60%	+23.60%
Max Drawdown (10Y) Largest decline over 10 years	-43.37%	—	—
Current Drawdown Current decline from peak	0.00%	-3.88%	+3.88%
Average Drawdown Average peak-to-trough decline	-5.07%	-10.83%	+5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	4.61%	-1.56%

Volatility

FSSMX vs. FGDMX - Volatility Comparison

The current volatility for Fidelity Stock Selector Mid Cap Fund (FSSMX) is 5.39%, while Fidelity Advisor Communication Services Class A (FGDMX) has a volatility of 6.12%. This indicates that FSSMX experiences smaller price fluctuations and is considered to be less risky than FGDMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSSMX	FGDMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	6.12%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	15.29%	14.75%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	18.41%	19.41%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	23.34%	-2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	23.94%	-2.76%

FSSMX vs. FGDMX - Expense Ratio Comparison

FSSMX has a 0.79% expense ratio, which is lower than FGDMX's 1.03% expense ratio.

Dividends

FSSMX vs. FGDMX - Dividend Comparison

FSSMX has not paid dividends to shareholders, while FGDMX's dividend yield for the trailing twelve months is around 12.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGDMX Fidelity Advisor Communication Services Class A	12.24%	7.66%	6.90%	0.00%	0.00%	5.73%	3.76%	35.47%	8.84%	0.00%	0.00%	0.00%
FSSMX Fidelity Stock Selector Mid Cap Fund	0.00%	0.00%	3.10%	0.78%	9.73%	12.87%	2.31%	4.03%	21.01%	4.12%	0.92%	1.84%

Frequently Asked Questions

Can I hold both FSSMX and FGDMX in my portfolio?

FSSMX and FGDMX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSSMX or FGDMX?

FGDMX has higher volatility (6.12%) compared to FSSMX (5.39%). In terms of maximum drawdown, FSSMX dropped -43.37% vs FGDMX's -47.60%.

Which has better risk-adjusted returns?

FGDMX currently has the higher Sharpe Ratio (1.70 vs 1.32), 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.