BKSE vs. FSMD
Compare and contrast key facts about BNY Mellon US Small Cap Core Equity ETF (BKSE) and Fidelity Small-Mid Multifactor ETF (FSMD).
BKSE and FSMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKSE is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar US Small Cap Index. It was launched on Apr 9, 2020. 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. Both BKSE and FSMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BKSE vs. FSMD - Performance Comparison
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BKSE vs. FSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.26% | 13.09% | 9.56% | 22.37% | -18.44% | 16.18% | 55.56% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.72% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 41.55% |
Returns By Period
In the year-to-date period, BKSE achieves a 1.26% return, which is significantly lower than FSMD's 1.72% return.
BKSE
- 1D
- 2.99%
- 1M
- -4.63%
- YTD
- 1.26%
- 6M
- 4.17%
- 1Y
- 23.75%
- 3Y*
- 13.57%
- 5Y*
- 5.17%
- 10Y*
- —
FSMD
- 1D
- 3.04%
- 1M
- -4.67%
- YTD
- 1.72%
- 6M
- 2.29%
- 1Y
- 15.81%
- 3Y*
- 13.07%
- 5Y*
- 7.84%
- 10Y*
- —
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BKSE vs. FSMD - Expense Ratio Comparison
BKSE has a 0.04% expense ratio, which is lower than FSMD's 0.29% expense ratio.
Return for Risk
BKSE vs. FSMD — Risk / Return Rank
BKSE
FSMD
BKSE vs. FSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Small Cap Core Equity ETF (BKSE) 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.
| BKSE | FSMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.79 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.26 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.33 | +0.28 |
Martin ratioReturn relative to average drawdown | 6.68 | 5.61 | +1.08 |
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
| BKSE | FSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.79 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.43 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.47 | +0.18 |
Correlation
The correlation between BKSE and FSMD is 0.95, 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
BKSE vs. FSMD - Dividend Comparison
BKSE's dividend yield for the trailing twelve months is around 1.24%, less than FSMD's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.24% | 1.26% | 1.55% | 1.38% | 1.50% | 1.17% | 0.82% | 0.00% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.37% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% |
Drawdowns
BKSE vs. FSMD - Drawdown Comparison
The maximum BKSE drawdown since its inception was -29.08%, smaller than the maximum FSMD drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for BKSE and FSMD.
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Drawdown Indicators
| BKSE | FSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.08% | -40.67% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.76% | -12.63% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.08% | -22.16% | -6.92% |
Current DrawdownCurrent decline from peak | -6.69% | -5.65% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -6.12% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.01% | +0.56% |
Volatility
BKSE vs. FSMD - Volatility Comparison
BNY Mellon US Small Cap Core Equity ETF (BKSE) and Fidelity Small-Mid Multifactor ETF (FSMD) have volatilities of 6.51% and 6.73%, 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
| BKSE | FSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 6.73% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 11.32% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 20.07% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.46% | 18.43% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 21.54% | +0.93% |