APSGX vs. FSMAX
Compare and contrast key facts about Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and Fidelity Extended Market Index Fund (FSMAX).
APSGX is managed by Fiera Capital. It was launched on Jun 29, 2012. FSMAX is managed by Fidelity.
Performance
APSGX vs. FSMAX - Performance Comparison
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APSGX vs. FSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | -10.05% | 5.74% | 4.69% | 26.12% | -23.71% | 17.09% | 44.67% | 31.20% | -10.38% | 26.60% |
FSMAX Fidelity Extended Market Index Fund | -4.54% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
Returns By Period
In the year-to-date period, APSGX achieves a -10.05% return, which is significantly lower than FSMAX's -4.54% return. Over the past 10 years, APSGX has underperformed FSMAX with an annualized return of 10.02%, while FSMAX has yielded a comparatively higher 10.54% annualized return.
APSGX
- 1D
- -1.00%
- 1M
- -7.75%
- YTD
- -10.05%
- 6M
- -6.97%
- 1Y
- 6.68%
- 3Y*
- 6.17%
- 5Y*
- 1.08%
- 10Y*
- 10.02%
FSMAX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.77%
- 3Y*
- 13.78%
- 5Y*
- 3.66%
- 10Y*
- 10.54%
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APSGX vs. FSMAX - Expense Ratio Comparison
APSGX has a 1.05% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Return for Risk
APSGX vs. FSMAX — Risk / Return Rank
APSGX
FSMAX
APSGX vs. FSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and Fidelity Extended Market Index Fund (FSMAX). 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.
| APSGX | FSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.72 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.16 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.95 | -0.75 |
Martin ratioReturn relative to average drawdown | 0.66 | 3.91 | -3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APSGX | FSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.72 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.16 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.35 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.41 | +0.09 |
Correlation
The correlation between APSGX and FSMAX is 0.94, 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
APSGX vs. FSMAX - Dividend Comparison
APSGX's dividend yield for the trailing twelve months is around 2.70%, more than FSMAX's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | 2.70% | 2.43% | 2.91% | 2.48% | 16.83% | 11.57% | 21.15% | 11.48% | 28.25% | 0.00% | 0.28% | 1.03% |
FSMAX Fidelity Extended Market Index Fund | 0.60% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
Drawdowns
APSGX vs. FSMAX - Drawdown Comparison
The maximum APSGX drawdown since its inception was -35.77%, smaller than the maximum FSMAX drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for APSGX and FSMAX.
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Drawdown Indicators
| APSGX | FSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -50.55% | +14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -14.64% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.52% | -36.31% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | -50.55% | +14.78% |
Current DrawdownCurrent decline from peak | -13.30% | -10.26% | -3.04% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -12.29% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 3.54% | +0.66% |
Volatility
APSGX vs. FSMAX - Volatility Comparison
Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and Fidelity Extended Market Index Fund (FSMAX) have volatilities of 6.15% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APSGX | FSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 6.01% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 13.07% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 22.79% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 22.32% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 30.19% | -7.68% |