FDFF vs. PVIVX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Disruptive Finance ETF (FDFF) and Paradigm Micro-cap Fund (PVIVX).

FDFF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. PVIVX is managed by Paradigm Funds. It was launched on Dec 31, 2007.

Performance

FDFF vs. PVIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Finance ETF (FDFF) and Paradigm Micro-cap Fund (PVIVX). The values are adjusted to include any dividend payments, if applicable.

FDFF vs. PVIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDFF Fidelity Disruptive Finance ETF	-12.07%	-2.75%	27.86%	15.99%
PVIVX Paradigm Micro-cap Fund	-1.09%	-4.81%	13.48%	3.95%

Returns By Period

In the year-to-date period, FDFF achieves a -12.07% return, which is significantly lower than PVIVX's -1.09% return.

FDFF

• 1D: 2.62%
• 1M: -4.44%
• YTD: -12.07%
• 6M: -13.30%
• 1Y: -9.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PVIVX

• 1D: -1.90%
• 1M: -11.09%
• YTD: -1.09%
• 6M: -5.57%
• 1Y: 10.38%
• 3Y*: 5.63%
• 5Y*: 1.56%
• 10Y*: 11.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDFF vs. PVIVX - Expense Ratio Comparison

FDFF has a 0.50% expense ratio, which is lower than PVIVX's 1.25% expense ratio.

PVIVX

Paradigm Micro-cap Fund

FDFF

Fidelity Disruptive Finance ETF

Return for Risk

FDFF vs. PVIVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDFF

FDFF Risk / Return Rank: 4
FDFF Sharpe Ratio Rank: 5
FDFF Sortino Ratio Rank: 4
FDFF Omega Ratio Rank: 4
FDFF Calmar Ratio Rank: 5
FDFF Martin Ratio Rank: 4

PVIVX

PVIVX Risk / Return Rank: 15
PVIVX Sharpe Ratio Rank: 14
PVIVX Sortino Ratio Rank: 16
PVIVX Omega Ratio Rank: 14
PVIVX Calmar Ratio Rank: 16
PVIVX Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDFF vs. PVIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Paradigm Micro-cap Fund (PVIVX). 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.

	FDFF	PVIVX	Difference
Sharpe ratio Return per unit of total volatility	-0.43	0.34	-0.76
Sortino ratio Return per unit of downside risk	-0.47	0.69	-1.16
Omega ratio Gain probability vs. loss probability	0.94	1.09	-0.15
Calmar ratio Return relative to maximum drawdown	-0.43	0.47	-0.90
Martin ratio Return relative to average drawdown	-1.05	1.28	-2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDFF vs. PVIVX - Sharpe Ratio Comparison

The current FDFF Sharpe Ratio is -0.43, which is lower than the PVIVX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of FDFF and PVIVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDFF	PVIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	0.34	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.02	+0.45

Correlation

The correlation between FDFF and PVIVX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDFF vs. PVIVX - Dividend Comparison

FDFF's dividend yield for the trailing twelve months is around 1.03%, less than PVIVX's 16.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFF Fidelity Disruptive Finance ETF	1.03%	0.86%	0.70%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PVIVX Paradigm Micro-cap Fund	16.11%	15.93%	6.40%	0.00%	0.00%	1.11%	5.25%	0.01%	14.09%	6.88%	3.61%	1.32%

Drawdowns

FDFF vs. PVIVX - Drawdown Comparison

The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum PVIVX drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for FDFF and PVIVX.

Drawdown Indicators

	FDFF	PVIVX	Difference
Max Drawdown Largest peak-to-trough decline	-23.06%	-95.67%	+72.61%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-14.84%	-7.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.67%	—
Current Drawdown Current decline from peak	-20.14%	-94.57%	+74.43%
Average Drawdown Average peak-to-trough decline	-5.77%	-16.15%	+10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.19%	5.44%	+3.75%

Volatility

FDFF vs. PVIVX - Volatility Comparison

The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 6.00%, while Paradigm Micro-cap Fund (PVIVX) has a volatility of 8.39%. This indicates that FDFF experiences smaller price fluctuations and is considered to be less risky than PVIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDFF	PVIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	8.39%	-2.39%
Volatility (6M) Calculated over the trailing 6-month period	14.20%	17.65%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	29.19%	-6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	887.36%	-868.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	627.66%	-608.62%