SCSAX vs. FIICX

Last updated Jun 24, 2026

SCSAX (Allspring Common Stock Fund) and FIICX (Fidelity Advisor Mid Cap II Fund Class C) are both Mid Cap Blend Equities funds. Over the past 10 years, SCSAX returned 11.67%/yr vs 12.08%/yr for FIICX. Their correlation of 0.94 suggests significant overlap in exposure. SCSAX charges 1.25%/yr vs 1.83%/yr for FIICX.

Performance

SCSAX vs. FIICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Common Stock Fund (SCSAX) and Fidelity Advisor Mid Cap II Fund Class C (FIICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCSAX achieves a 17.67% return, which is significantly lower than FIICX's 25.42% return. Both investments have delivered pretty close results over the past 10 years, with SCSAX having a 11.67% annualized return and FIICX not far ahead at 12.08%.

SCSAX

• 1D: 0.10%
• 1M: 8.06%
• YTD: 17.67%
• 6M: 15.47%
• 1Y: 22.42%
• 3Y*: 12.23%
• 5Y*: 5.19%
• 10Y*: 11.67%

FIICX

• 1D: 0.72%
• 1M: 6.67%
• YTD: 25.42%
• 6M: 22.81%
• 1Y: 40.84%
• 3Y*: 21.37%
• 5Y*: 11.14%
• 10Y*: 12.08%

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

SCSAX vs. FIICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCSAX Allspring Common Stock Fund	17.67%	1.44%	6.51%	15.90%	-17.71%	21.14%	15.34%	47.23%	-10.02%	17.54%
FIICX Fidelity Advisor Mid Cap II Fund Class C	25.42%	5.27%	23.14%	13.72%	-15.74%	23.94%	17.35%	22.40%	-15.85%	19.33%

Correlation

The correlation between SCSAX and FIICX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 16, 2004	0.94

The correlation between SCSAX and FIICX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

SCSAX vs. FIICX — Risk / Return Rank

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

SCSAX

SCSAX Risk / Return Rank: 26
SCSAX Sharpe Ratio Rank: 23
SCSAX Sortino Ratio Rank: 25
SCSAX Omega Ratio Rank: 22
SCSAX Calmar Ratio Rank: 28
SCSAX Martin Ratio Rank: 30

FIICX

FIICX Risk / Return Rank: 80
FIICX Sharpe Ratio Rank: 79
FIICX Sortino Ratio Rank: 72
FIICX Omega Ratio Rank: 67
FIICX Calmar Ratio Rank: 89
FIICX Martin Ratio Rank: 91

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.

SCSAX vs. FIICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Common Stock Fund (SCSAX) and Fidelity Advisor Mid Cap II Fund Class C (FIICX). 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.

	SCSAX	FIICX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.40	-1.14
Sortino ratio: Return per unit of downside risk	1.92	3.24	-1.32
Omega ratio: Gain probability vs. loss probability	1.23	1.42	-0.19
Calmar ratio: Return relative to maximum drawdown	1.86	4.31	-2.45
Martin ratio: Return relative to average drawdown	6.52	17.16	-10.64

SCSAX vs. FIICX - Sharpe Ratio Comparison

The current SCSAX Sharpe Ratio is 1.27, which is lower than the FIICX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SCSAX and FIICX, 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

SCSAX vs. FIICX - Drawdown Comparison

The maximum SCSAX drawdown since its inception was -53.49%, roughly equal to the maximum FIICX drawdown of -53.75%. Use the drawdown chart below to compare losses from any high point for SCSAX and FIICX.

Drawdown Indicators

	SCSAX	FIICX	Difference
Max Drawdown Largest peak-to-trough decline	-53.49%	-53.75%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-12.68%	-9.86%	-2.82%
Max Drawdown (3Y) Largest decline over 3 years	-26.64%	-27.79%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-38.46%	-27.79%	-10.67%
Max Drawdown (10Y) Largest decline over 10 years	-45.63%	-43.31%	-2.32%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.27%	-8.60%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.47%	+1.15%

Volatility

SCSAX vs. FIICX - Volatility Comparison

Allspring Common Stock Fund (SCSAX) has a higher volatility of 6.37% compared to Fidelity Advisor Mid Cap II Fund Class C (FIICX) at 5.58%. This indicates that SCSAX's price experiences larger fluctuations and is considered to be riskier than FIICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCSAX	FIICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	5.58%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	14.55%	14.19%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.67%	17.72%	+0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.95%	21.03%	+2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.05%	21.36%	+2.69%

SCSAX vs. FIICX - Expense Ratio Comparison

SCSAX has a 1.25% expense ratio, which is lower than FIICX's 1.83% expense ratio.

Dividends

SCSAX vs. FIICX - Dividend Comparison

SCSAX's dividend yield for the trailing twelve months is around 3.75%, less than FIICX's 7.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIICX Fidelity Advisor Mid Cap II Fund Class C	7.37%	8.11%	14.08%	2.98%	6.81%	21.73%	1.13%	3.23%	11.72%	8.22%	4.95%	5.19%
SCSAX Allspring Common Stock Fund	3.75%	4.42%	6.38%	3.56%	17.66%	19.38%	4.87%	26.88%	18.74%	11.05%	3.82%	12.95%

Frequently Asked Questions

Can I hold both SCSAX and FIICX in my portfolio?

With a correlation of 0.90, SCSAX and FIICX 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.

Which is riskier, SCSAX or FIICX?

SCSAX has higher volatility (6.37%) compared to FIICX (5.58%). In terms of maximum drawdown, SCSAX dropped -53.49% vs FIICX's -53.75%.

Which has better risk-adjusted returns?

FIICX currently has the higher Sharpe Ratio (2.40 vs 1.27), 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.