FSSMX vs. FMCSX
FSSMX (Fidelity Stock Selector Mid Cap Fund) and FMCSX (Fidelity Mid-Cap Stock Fund) are both Mid Cap Blend Equities funds from Fidelity. Over the past 10 years, FSSMX returned 11.41%/yr vs 12.41%/yr for FMCSX. Their 0.97 correlation means they have historically moved very closely together. FSSMX charges 0.79%/yr vs 0.62%/yr for FMCSX.
Performance
FSSMX vs. FMCSX - Performance Comparison
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Returns By Period
In the year-to-date period, FSSMX achieves a 18.74% return, which is significantly higher than FMCSX's 14.98% return. Over the past 10 years, FSSMX has underperformed FMCSX with an annualized return of 11.41%, while FMCSX has yielded a comparatively higher 12.41% annualized return.
FSSMX
- 1D
- 0.05%
- 1M
- -2.07%
- 6M
- 12.38%
- YTD
- 18.74%
- 1Y
- 18.25%
- 3Y*
- 12.00%
- 5Y*
- 7.79%
- 10Y*
- 11.41%
- ALL TIME*
- 11.49%
FMCSX
- 1D
- 0.12%
- 1M
- -3.21%
- 6M
- 10.09%
- YTD
- 14.98%
- 1Y
- 23.98%
- 3Y*
- 14.70%
- 5Y*
- 10.41%
- 10Y*
- 12.41%
- ALL TIME*
- 11.60%
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 |
FSSMX vs. FMCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSSMX Fidelity Stock Selector Mid Cap Fund | 18.74% | 2.35% | 12.50% | 17.16% | -13.90% | 23.25% | 13.03% | 29.57% | -7.70% | 19.54% |
FMCSX Fidelity Mid-Cap Stock Fund | 14.98% | 11.80% | 14.55% | 11.02% | -6.40% | 28.64% | 11.43% | 25.39% | -6.67% | 18.03% |
Correlation
The correlation between FSSMX and FMCSX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2012 | 0.97 |
The correlation between FSSMX and FMCSX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FSSMX vs. FMCSX — Risk / Return Rank
FSSMX
FMCSX
FSSMX vs. FMCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Mid Cap Fund (FSSMX) and Fidelity Mid-Cap Stock Fund (FMCSX). 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 | FMCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.65 | -0.94 |
| Martin ratioReturn relative to average drawdown | 5.44 | 9.17 | -3.73 |
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Drawdowns
FSSMX vs. FMCSX - Drawdown Comparison
The maximum FSSMX drawdown since its inception was -43.37%, smaller than the maximum FMCSX drawdown of -62.19%. Use the drawdown chart below to compare losses from any high point for FSSMX and FMCSX.
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Drawdown Indicators
| FSSMX | FMCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.37% | -62.19% | +18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -8.55% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -22.33% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -22.33% | -1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -43.37% | -40.55% | -2.82% |
Current DrawdownCurrent decline from peak | -3.56% | -5.18% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -9.32% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.47% | +0.63% |
Volatility
FSSMX vs. FMCSX - Volatility Comparison
Fidelity Stock Selector Mid Cap Fund (FSSMX) and Fidelity Mid-Cap Stock Fund (FMCSX) have volatilities of 4.02% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSSMX | FMCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 4.12% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 13.15% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 16.59% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 17.73% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 18.55% | +2.57% |
FSSMX vs. FMCSX - Expense Ratio Comparison
FSSMX has a 0.79% expense ratio, which is higher than FMCSX's 0.62% expense ratio.
Dividends
FSSMX vs. FMCSX - Dividend Comparison
FSSMX has not paid dividends to shareholders, while FMCSX's dividend yield for the trailing twelve months is around 5.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCSX Fidelity Mid-Cap Stock Fund | 5.39% | 1.83% | 8.94% | 2.60% | 5.44% | 12.80% | 6.72% | 6.63% | 18.48% | 6.66% | 8.25% | 14.18% |
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
With a correlation of 0.96, FSSMX and FMCSX 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.
FMCSX has higher volatility (4.12%) compared to FSSMX (4.02%). In terms of maximum drawdown, FSSMX dropped -43.37% vs FMCSX's -62.19%.
FMCSX currently has the higher Sharpe Ratio (1.37 vs 0.91), 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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