IWP vs. FMCCX
IWP (iShares Russell Mid-Cap Growth ETF) and FMCCX (Fidelity Advisor Stock Selector Mid Cap Fund Class I) are both funds - IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, while FMCCX is a Mid Cap Blend Equities fund managed by Fidelity. Over the past 10 years, IWP returned 13.00%/yr vs 12.69%/yr for FMCCX. Their correlation of 0.89 suggests significant overlap in exposure. IWP charges 0.23%/yr vs 0.82%/yr for FMCCX.
Performance
IWP vs. FMCCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWP achieves a 3.22% return, which is significantly lower than FMCCX's 20.73% return. Both investments have delivered pretty close results over the past 10 years, with IWP having a 13.00% annualized return and FMCCX not far behind at 12.69%.
IWP
- 1D
- -0.11%
- 1M
- 0.36%
- YTD
- 3.22%
- 6M
- 1.09%
- 1Y
- 3.49%
- 3Y*
- 15.30%
- 5Y*
- 5.10%
- 10Y*
- 13.00%
FMCCX
- 1D
- 0.49%
- 1M
- 3.10%
- YTD
- 20.73%
- 6M
- 18.30%
- 1Y
- 31.54%
- 3Y*
- 17.54%
- 5Y*
- 8.59%
- 10Y*
- 12.69%
IWP vs. FMCCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 3.22% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
FMCCX Fidelity Advisor Stock Selector Mid Cap Fund Class I | 20.73% | 10.42% | 9.18% | 17.17% | -13.93% | 23.21% | 13.04% | 29.58% | -7.63% | 19.57% |
Correlation
The correlation between IWP and FMCCX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2001 | 0.89 |
The correlation between IWP and FMCCX has been stable across timeframes, ranging from 0.83 to 0.89 - 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
IWP vs. FMCCX — Risk / Return Rank
IWP
FMCCX
IWP vs. FMCCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) and Fidelity Advisor Stock Selector Mid Cap Fund Class I (FMCCX). 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.
| IWP | FMCCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 3.54 | -3.30 |
| Martin ratioReturn relative to average drawdown | 0.68 | 13.17 | -12.48 |
Loading charts...
Drawdowns
IWP vs. FMCCX - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, smaller than the maximum FMCCX drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for IWP and FMCCX.
Loading charts...
Drawdown Indicators
| IWP | FMCCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -64.90% | +7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -8.69% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | -25.10% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -38.62% | -25.10% | -13.52% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -43.38% | +4.76% |
Current DrawdownCurrent decline from peak | -2.61% | -0.64% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -10.57% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 2.33% | +2.79% |
Volatility
IWP vs. FMCCX - Volatility Comparison
iShares Russell Mid-Cap Growth ETF (IWP) has a higher volatility of 5.70% compared to Fidelity Advisor Stock Selector Mid Cap Fund Class I (FMCCX) at 5.28%. This indicates that IWP's price experiences larger fluctuations and is considered to be riskier than FMCCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWP | FMCCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 5.28% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 12.78% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 16.54% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 20.07% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 20.99% | +0.70% |
IWP vs. FMCCX - Expense Ratio Comparison
IWP has a 0.23% expense ratio, which is lower than FMCCX's 0.82% expense ratio.
Dividends
IWP vs. FMCCX - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.35%, less than FMCCX's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCCX Fidelity Advisor Stock Selector Mid Cap Fund Class I | 6.69% | 8.08% | 0.00% | 0.76% | 9.69% | 12.82% | 2.30% | 4.14% | 20.89% | 4.12% | 0.97% | 1.81% |
IWP iShares Russell Mid-Cap Growth ETF | 0.35% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
IWP and FMCCX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWP has higher volatility (5.70%) compared to FMCCX (5.28%). In terms of maximum drawdown, IWP dropped -56.92% vs FMCCX's -64.90%.
FMCCX currently has the higher Sharpe Ratio (1.86 vs 0.21), 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 IWP and FMCCX
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