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.
Correlation
The correlation between DISSX and FSMD 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.
Performance
DISSX vs. FSMD - Performance Comparison
Key characteristics
DISSX:
-0.24
FSMD:
0.86
DISSX:
-0.17
FSMD:
1.32
DISSX:
0.97
FSMD:
1.16
DISSX:
-0.15
FSMD:
1.50
DISSX:
-0.67
FSMD:
3.77
DISSX:
8.25%
FSMD:
3.59%
DISSX:
22.88%
FSMD:
15.70%
DISSX:
-64.55%
FSMD:
-40.67%
DISSX:
-35.87%
FSMD:
-8.24%
Returns By Period
In the year-to-date period, DISSX achieves a -1.99% return, which is significantly lower than FSMD's -0.36% return.
DISSX
-1.99%
-5.05%
-14.22%
-5.51%
-2.37%
-1.18%
FSMD
-0.36%
-4.83%
1.35%
12.80%
10.26%
N/A
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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.
Dividends
DISSX vs. FSMD - Dividend Comparison
DISSX's dividend yield for the trailing twelve months is around 1.58%, more than FSMD's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DISSX BNY Mellon Smallcap Stock Index Fund | 1.58% | 1.55% | 1.63% | 1.39% | 0.88% | 0.91% | 1.15% | 1.13% | 0.90% | 0.93% | 1.11% | 0.83% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.29% | 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 -64.55%, 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. For additional features, visit the drawdowns tool.
Volatility
DISSX vs. FSMD - Volatility Comparison
BNY Mellon Smallcap Stock Index Fund (DISSX) has a higher volatility of 4.60% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 3.92%. 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.