IOLZX vs. FSSKX

Last updated Aug 6, 2026

IOLZX (ICON Equity Fund) and FSSKX (Fidelity Advisor Stock Selector All Cap Fund Class K) are both Large Cap Growth Equities funds. Over the past 10 years, IOLZX returned 14.62%/yr vs 15.29%/yr for FSSKX. Their correlation of 0.88 means they have usually moved in the same direction. IOLZX charges 1.04%/yr vs 0.58%/yr for FSSKX.

Performance

IOLZX vs. FSSKX - Performance Comparison

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

Returns By Period

In the year-to-date period, IOLZX achieves a 33.28% return, which is significantly higher than FSSKX's 19.15% return. Both investments have delivered pretty close results over the past 10 years, with IOLZX having a 14.62% annualized return and FSSKX not far ahead at 15.29%.

IOLZX

• 1D: 2.78%
• 1M: 3.57%
• 6M: 20.20%
• YTD: 33.28%
• 1Y: 47.09%
• 3Y*: 22.47%
• 5Y*: 11.50%
• 10Y*: 14.62%
• ALL TIME*: 8.37%

FSSKX

• 1D: 1.67%
• 1M: 2.43%
• 6M: 17.10%
• YTD: 19.15%
• 1Y: 32.26%
• 3Y*: 22.32%
• 5Y*: 12.80%
• 10Y*: 15.29%
• ALL TIME*: 11.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	$0.00	$0.00	$0.00
IOLZX ICON Equity Fund	$0.00	$0.00	$0.00

IOLZX vs. FSSKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IOLZX ICON Equity Fund	33.28%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	19.15%	18.98%	19.89%	27.04%	-19.47%	23.28%	25.01%	32.33%	-8.52%	24.38%

Correlation

The correlation between IOLZX and FSSKX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.88

The correlation between IOLZX and FSSKX shifts across timeframes, from 0.76 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IOLZX vs. FSSKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IOLZX

IOLZX Risk / Return Rank: 84
IOLZX Sharpe Ratio Rank: 90
IOLZX Sortino Ratio Rank: 87
IOLZX Omega Ratio Rank: 80
IOLZX Calmar Ratio Rank: 85
IOLZX Martin Ratio Rank: 81

FSSKX

FSSKX Risk / Return Rank: 86
FSSKX Sharpe Ratio Rank: 87
FSSKX Sortino Ratio Rank: 82
FSSKX Omega Ratio Rank: 80
FSSKX Calmar Ratio Rank: 87
FSSKX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IOLZX vs. FSSKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICON Equity Fund (IOLZX) and Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX). 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.

	IOLZX	FSSKX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.23	+0.12
Sortino ratio: Return per unit of downside risk	3.23	3.02	+0.21
Omega ratio: Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	3.30	3.46	-0.15
Martin ratio: Return relative to average drawdown	11.56	15.62	-4.06

IOLZX vs. FSSKX - Sharpe Ratio Comparison

The current IOLZX Sharpe Ratio is 2.35, which is comparable to the FSSKX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IOLZX and FSSKX, 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

IOLZX vs. FSSKX - Drawdown Comparison

The maximum IOLZX drawdown since its inception was -56.03%, roughly equal to the maximum FSSKX drawdown of -53.43%. Use the drawdown chart below to compare losses from any high point for IOLZX and FSSKX.

Drawdown Indicators

	IOLZX	FSSKX	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-53.43%	-2.60%
Max Drawdown (1Y) Largest decline over 1 year	-14.35%	-9.20%	-5.15%
Max Drawdown (3Y) Largest decline over 3 years	-24.71%	-20.84%	-3.87%
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	-25.20%	-2.57%
Max Drawdown (10Y) Largest decline over 10 years	-41.04%	-34.37%	-6.67%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.55%	-7.65%	-4.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	2.03%	+2.06%

Volatility

IOLZX vs. FSSKX - Volatility Comparison

ICON Equity Fund (IOLZX) has a higher volatility of 6.09% compared to Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX) at 4.36%. This indicates that IOLZX's price experiences larger fluctuations and is considered to be riskier than FSSKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOLZX	FSSKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	4.36%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	16.32%	11.57%	+4.75%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	14.32%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.57%	17.97%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	18.61%	+3.73%

IOLZX vs. FSSKX - Expense Ratio Comparison

IOLZX has a 1.04% expense ratio, which is higher than FSSKX's 0.58% expense ratio.

Dividends

IOLZX vs. FSSKX - Dividend Comparison

IOLZX's dividend yield for the trailing twelve months is around 8.02%, more than FSSKX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	4.01%	4.78%	4.87%	2.11%	0.38%	1.44%	5.29%	6.17%	4.37%	3.07%	1.12%	5.23%
IOLZX ICON Equity Fund	8.02%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IOLZX and FSSKX in my portfolio?

IOLZX and FSSKX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IOLZX or FSSKX?

IOLZX has higher volatility (6.09%) compared to FSSKX (4.36%). In terms of maximum drawdown, IOLZX dropped -56.03% vs FSSKX's -53.43%.

Which has better risk-adjusted returns?

IOLZX currently has the higher Sharpe Ratio (2.35 vs 2.23), 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.