FDCAX Performance — Fidelity Capital Appreciation Fund
Data updated: 2026-09-23
FDCAX returned +15.11% year to date and +24.63% over one year to Jul 2026. Annualised returns are +21.56% over 3 years and +13.21% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $180, against $153 for the category, and to $125 over one year, against $116. Volatility over the past three years was 15.14% a year. In the 12 months to Jul 2026 the fund lost a net $169.7M, and assets reached $7.83B.
FDCAX Growth of $100
What $100 invested in Fidelity Capital Appreciation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | FDCAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $125 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $180 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $186 | $159 |
| Since data start (Aug 2019 – Jul 2026) | $310 | $226 |
FDCAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.11% |
| 1 year | +24.63% |
| 3 years (annualised) | +21.56% |
| 5 years (annualised) | +13.21% |
FDCAX Annual Returns
Calendar-year total returns of Fidelity Capital Appreciation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +15.11% |
| 2025 | +18.17% |
| 2024 | +25.32% |
| 2023 | +28.78% |
| 2022 | −21.18% |
| 2021 | +24.25% |
| 2020 | +33.81% |
| 2019 (Aug–Dec) | +7.86% |
FDCAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.0% | −0.7% | −5.8% | +13.3% | +5.4% | −0.4% | −0.6% | — | — | — | — | — |
| 2025 | +3.6% | −2.9% | −5.8% | −0.4% | +7.5% | +4.8% | +2.6% | +1.4% | +3.3% | +2.4% | +0.3% | +0.6% |
| 2024 | +2.9% | +7.9% | +2.8% | −4.6% | +4.7% | +3.6% | 0.0% | +2.7% | +2.1% | −0.4% | +5.0% | −3.3% |
| 2023 | +6.4% | −1.7% | +2.9% | +0.1% | +2.3% | +6.7% | +3.9% | −1.2% | −5.4% | −3.1% | +10.3% | +5.4% |
| 2022 | −8.0% | −1.5% | +4.0% | −9.8% | −1.2% | −6.8% | +9.7% | −4.5% | −9.3% | +5.6% | +6.0% | −5.5% |
| 2021 | +1.1% | +2.2% | +1.4% | +5.3% | +0.2% | +3.0% | +1.6% | +3.8% | −5.7% | +8.1% | −0.9% | +2.5% |
| 2020 | +1.1% | −5.2% | −13.0% | +13.5% | +7.4% | +4.5% | +6.8% | +7.6% | −3.0% | −1.2% | +9.8% | +4.2% |
| 2019 | — | — | — | — | — | — | — | −1.2% | −0.4% | +2.7% | +3.1% | +3.4% |
FDCAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.14%
- 3-year Sharpe ratio: 1.13 (vs 4.5% risk-free rate)
- Best month: +13.29% (Apr 2026)
- Worst month: −5.81% (Mar 2026)
FDCAX Fund Flows
Monthly money in and out of Fidelity Capital Appreciation Fund, from SEC Form N-PORT.
- 12-month net flow: −$169.7M
- 12-month gross sales (incl. reinvestments): $1.0B
- Sales ÷ redemptions: 0.86×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $24.7M | $52.0M | −$27.4M |
| Jun 2026 | $19.8M | $72.0M | −$52.2M |
| May 2026 | $24.4M | $67.4M | −$43.0M |
| Apr 2026 | $17.4M | $67.4M | −$49.9M |
| Mar 2026 | $13.3M | $65.5M | −$52.3M |
| Feb 2026 | $14.7M | $56.1M | −$41.3M |
| Jan 2026 | $24.5M | $89.2M | −$64.7M |
| Dec 2025 | $507.4M | $116.7M | $390.7M |
| Nov 2025 | $9.3M | $65.1M | −$55.8M |
| Oct 2025 | $12.9M | $77.0M | −$64.1M |
| Sep 2025 | $11.1M | $60.7M | −$49.6M |
| Aug 2025 | $340.0M | $400.0M | −$60.0M |
FDCAX Assets Under Management
Net assets of Fidelity Capital Appreciation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.83B |
| 2026-04-30 | $7.62B |
| 2026-01-31 | $7.34B |
| 2025-10-31 | $7.24B |
| 2025-07-31 | $6.92B |
| 2025-04-30 | $6.13B |
| 2025-01-31 | $6.97B |
| 2024-10-31 | $6.85B |
| 2024-07-31 | $6.68B |
| 2024-04-30 | $6.31B |
| 2024-01-31 | $6.05B |
| 2023-10-31 | $5.16B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.