Correlation
The correlation between DISSX and FSMD is 0.79, 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.
DISSX vs. FSMD
Compare and contrast key facts about BNY Mellon Smallcap Stock Index Fund (DISSX) and Fidelity Small-Mid Multifactor ETF (FSMD).
DISSX is managed by BNY Mellon. It was launched on Jun 30, 1997. 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: DISSX or FSMD.
Performance
DISSX vs. FSMD - Performance Comparison
Loading data...
Key characteristics
DISSX:
0.01
FSMD:
0.43
DISSX:
0.10
FSMD:
0.65
DISSX:
1.01
FSMD:
1.08
DISSX:
-0.04
FSMD:
0.32
DISSX:
-0.12
FSMD:
0.98
DISSX:
10.22%
FSMD:
7.34%
DISSX:
24.43%
FSMD:
21.36%
DISSX:
-58.30%
FSMD:
-40.67%
DISSX:
-16.11%
FSMD:
-9.09%
Returns By Period
In the year-to-date period, DISSX achieves a -8.11% return, which is significantly lower than FSMD's -1.28% return.
DISSX
-8.11%
4.86%
-15.31%
0.35%
2.00%
10.95%
7.15%
FSMD
-1.28%
5.20%
-8.54%
9.05%
8.85%
13.92%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DISSX vs. FSMD - Expense Ratio Comparison
DISSX has a 0.50% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Risk-Adjusted Performance
DISSX vs. FSMD — Risk-Adjusted Performance Rank
DISSX
FSMD
DISSX vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Smallcap Stock Index Fund (DISSX) 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.
Loading data...
Dividends
DISSX vs. FSMD - Dividend Comparison
DISSX's dividend yield for the trailing twelve months is around 17.48%, more than FSMD's 1.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DISSX BNY Mellon Smallcap Stock Index Fund | 17.48% | 16.07% | 9.64% | 13.87% | 10.72% | 7.62% | 8.36% | 13.18% | 7.40% | 6.50% | 11.30% | 8.00% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.37% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DISSX vs. FSMD - Drawdown Comparison
The maximum DISSX drawdown since its inception was -58.30%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for DISSX and FSMD.
Loading data...
Volatility
DISSX vs. FSMD - Volatility Comparison
BNY Mellon Smallcap Stock Index Fund (DISSX) has a higher volatility of 6.64% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 5.53%. This indicates that DISSX'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.
Loading data...