FSSMX vs. FZAMX
FSSMX (Fidelity Stock Selector Mid Cap Fund) and FZAMX (Fidelity Advisor Mid Cap II Fund Class Z) are both Mid Cap Blend Equities funds from Fidelity. Over the past 10 years, FSSMX returned 11.87%/yr vs 12.86%/yr for FZAMX. With a 0.97 correlation, they move nearly in lockstep. FSSMX charges 0.79%/yr vs 0.61%/yr for FZAMX.
Performance
FSSMX vs. FZAMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSSMX achieves a 21.28% return, which is significantly lower than FZAMX's 25.16% return. Over the past 10 years, FSSMX has underperformed FZAMX with an annualized return of 11.87%, while FZAMX has yielded a comparatively higher 12.86% annualized 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%
FZAMX
- 1D
- 1.39%
- 1M
- 6.05%
- YTD
- 25.16%
- 6M
- 23.41%
- 1Y
- 42.92%
- 3Y*
- 21.22%
- 5Y*
- 12.67%
- 10Y*
- 12.86%
FSSMX vs. FZAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSSMX Fidelity Stock Selector Mid Cap Fund | 21.28% | 2.35% | 12.50% | 17.16% | -13.90% | 23.25% | 13.03% | 29.57% | -7.70% | 19.54% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 25.16% | 12.00% | 17.39% | 15.15% | -14.70% | 25.40% | 18.84% | 23.85% | -14.85% | 20.78% |
Correlation
The correlation between FSSMX and FZAMX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013 | 0.97 |
The correlation between FSSMX and FZAMX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSSMX vs. FZAMX — Risk / Return Rank
FSSMX
FZAMX
FSSMX vs. FZAMX - 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 Mid Cap II Fund Class Z (FZAMX). 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 | FZAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.41 | -1.93 |
| Martin ratioReturn relative to average drawdown | 7.95 | 17.63 | -9.68 |
Loading charts...
Drawdowns
FSSMX vs. FZAMX - Drawdown Comparison
The maximum FSSMX drawdown since its inception was -43.37%, roughly equal to the maximum FZAMX drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for FSSMX and FZAMX.
Loading charts...
Drawdown Indicators
| FSSMX | FZAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.37% | -42.32% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -9.77% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -25.24% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -25.24% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -43.37% | -42.32% | -1.05% |
Current DrawdownCurrent decline from peak | 0.00% | -0.16% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -6.06% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.44% | +0.61% |
Volatility
FSSMX vs. FZAMX - Volatility Comparison
The current volatility for Fidelity Stock Selector Mid Cap Fund (FSSMX) is 5.39%, while Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) has a volatility of 5.81%. This indicates that FSSMX experiences smaller price fluctuations and is considered to be less risky than FZAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSSMX | FZAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.81% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 14.22% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 17.67% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 20.30% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 20.98% | +0.20% |
FSSMX vs. FZAMX - Expense Ratio Comparison
FSSMX has a 0.79% expense ratio, which is higher than FZAMX's 0.61% expense ratio.
Dividends
FSSMX vs. FZAMX - Dividend Comparison
FSSMX has not paid dividends to shareholders, while FZAMX's dividend yield for the trailing twelve months is around 5.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 5.63% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
Frequently Asked Questions
With a correlation of 0.97, FSSMX and FZAMX 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.
FZAMX has higher volatility (5.81%) compared to FSSMX (5.39%). In terms of maximum drawdown, FSSMX dropped -43.37% vs FZAMX's -42.32%.
FZAMX currently has the higher Sharpe Ratio (2.44 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.
Find the right allocation for FSSMX and FZAMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer