FSSZX vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX) and Fidelity Large Cap Growth Index Fund (FSPGX).

FSSZX is managed by Fidelity. It was launched on Feb 1, 2017. FSPGX is managed by Fidelity.

Performance

FSSZX vs. FSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX) and Fidelity Large Cap Growth Index Fund (FSPGX). The values are adjusted to include any dividend payments, if applicable.

FSSZX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSSZX Fidelity Advisor Stock Selector Small Cap Fund Class Z	0.42%	14.49%	14.62%	19.60%	-18.17%	24.90%	21.91%	30.62%	-8.79%	9.74%
FSPGX Fidelity Large Cap Growth Index Fund	-13.03%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	22.45%

Returns By Period

In the year-to-date period, FSSZX achieves a 0.42% return, which is significantly higher than FSPGX's -13.03% return.

FSSZX

• 1D: -1.80%
• 1M: -8.43%
• YTD: 0.42%
• 6M: 5.76%
• 1Y: 26.47%
• 3Y*: 14.62%
• 5Y*: 7.43%
• 10Y*: —

FSPGX

• 1D: -0.45%
• 1M: -8.63%
• YTD: -13.03%
• 6M: -12.06%
• 1Y: 14.49%
• 3Y*: 19.68%
• 5Y*: 11.91%
• 10Y*: —

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

FSSZX vs. FSPGX - Expense Ratio Comparison

FSSZX has a 0.79% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

FSSZX

Fidelity Advisor Stock Selector Small Cap Fund Class Z

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

FSSZX vs. FSPGX — Risk / Return Rank

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

FSSZX

FSSZX Risk / Return Rank: 70
FSSZX Sharpe Ratio Rank: 68
FSSZX Sortino Ratio Rank: 71
FSSZX Omega Ratio Rank: 62
FSSZX Calmar Ratio Rank: 74
FSSZX Martin Ratio Rank: 76

FSPGX

FSPGX Risk / Return Rank: 28
FSPGX Sharpe Ratio Rank: 29
FSPGX Sortino Ratio Rank: 33
FSPGX Omega Ratio Rank: 32
FSPGX Calmar Ratio Rank: 25
FSPGX Martin Ratio Rank: 23

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.

FSSZX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.

	FSSZX	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.66	+0.53
Sortino ratio Return per unit of downside risk	1.75	1.10	+0.65
Omega ratio Gain probability vs. loss probability	1.23	1.15	+0.08
Calmar ratio Return relative to maximum drawdown	1.72	0.72	+1.00
Martin ratio Return relative to average drawdown	7.36	2.51	+4.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSSZX vs. FSPGX - Sharpe Ratio Comparison

The current FSSZX Sharpe Ratio is 1.18, which is higher than the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FSSZX and FSPGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSSZX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.66	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.56	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.78	-0.29

Correlation

The correlation between FSSZX and FSPGX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FSSZX vs. FSPGX - Dividend Comparison

FSSZX's dividend yield for the trailing twelve months is around 0.83%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSSZX Fidelity Advisor Stock Selector Small Cap Fund Class Z	0.83%	0.84%	2.93%	0.35%	0.15%	10.95%	1.40%	2.29%	22.58%	10.60%
FSPGX Fidelity Large Cap Growth Index Fund	0.40%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%

Drawdowns

FSSZX vs. FSPGX - Drawdown Comparison

The maximum FSSZX drawdown since its inception was -38.43%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FSSZX and FSPGX.

Drawdown Indicators

	FSSZX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-38.43%	-32.66%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-16.17%	+2.33%
Max Drawdown (5Y) Largest decline over 5 years	-30.51%	-32.66%	+2.15%
Current Drawdown Current decline from peak	-9.83%	-16.17%	+6.34%
Average Drawdown Average peak-to-trough decline	-8.24%	-6.43%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	4.63%	-1.39%

Volatility

FSSZX vs. FSPGX - Volatility Comparison

Fidelity Advisor Stock Selector Small Cap Fund Class Z (FSSZX) has a higher volatility of 6.91% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 5.33%. This indicates that FSSZX's price experiences larger fluctuations and is considered to be riskier than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSSZX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	5.33%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	11.79%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	22.18%	22.32%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.55%	21.46%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	21.63%	+0.72%