BFGFX vs. FSMD
Compare and contrast key facts about Baron Focused Growth Fund (BFGFX) and Fidelity Small-Mid Multifactor ETF (FSMD).
BFGFX is managed by Baron Capital Group, Inc.. It was launched on Jun 30, 2008. FSMD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Small-Mid Multifactor Index. It was launched on Feb 26, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFGFX or FSMD.
Correlation
The correlation between BFGFX and FSMD is 0.72, 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.
Performance
BFGFX vs. FSMD - Performance Comparison
Key characteristics
BFGFX:
2.04
FSMD:
1.00
BFGFX:
3.01
FSMD:
1.52
BFGFX:
1.39
FSMD:
1.18
BFGFX:
0.91
FSMD:
1.72
BFGFX:
13.75
FSMD:
4.35
BFGFX:
2.41%
FSMD:
3.55%
BFGFX:
16.19%
FSMD:
15.49%
BFGFX:
-56.92%
FSMD:
-40.67%
BFGFX:
-11.53%
FSMD:
-5.94%
Returns By Period
In the year-to-date period, BFGFX achieves a 2.37% return, which is significantly higher than FSMD's 2.14% return.
BFGFX
2.37%
0.23%
25.79%
33.73%
13.98%
12.95%
FSMD
2.14%
-2.71%
6.13%
16.39%
10.81%
N/A
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BFGFX vs. FSMD - Expense Ratio Comparison
BFGFX has a 1.32% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Risk-Adjusted Performance
BFGFX vs. FSMD — Risk-Adjusted Performance Rank
BFGFX
FSMD
BFGFX vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Focused Growth Fund (BFGFX) and Fidelity Small-Mid Multifactor ETF (FSMD). 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.
Dividends
BFGFX vs. FSMD - Dividend Comparison
BFGFX has not paid dividends to shareholders, while FSMD's dividend yield for the trailing twelve months is around 1.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BFGFX Baron Focused Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.26% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BFGFX vs. FSMD - Drawdown Comparison
The maximum BFGFX drawdown since its inception was -56.92%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for BFGFX and FSMD. For additional features, visit the drawdowns tool.
Volatility
BFGFX vs. FSMD - Volatility Comparison
Baron Focused Growth Fund (BFGFX) has a higher volatility of 3.53% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 3.13%. This indicates that BFGFX's price experiences larger fluctuations and is considered to be riskier than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.