FDM vs. CVSM
FDM (First Trust Dow Jones Select MicroCap Index Fund) and CVSM (CresAlta Small & Mid-Cap ETF) are both Small Cap Blend Equities funds. FDM is passively managed, while CVSM is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. FDM charges 0.60%/yr vs 0.55%/yr for CVSM.
Performance
FDM vs. CVSM - Performance Comparison
Loading charts...
Returns By Period
FDM
- 1D
- -0.17%
- 1M
- 1.68%
- 6M
- 11.76%
- YTD
- 15.49%
- 1Y
- 28.57%
- 3Y*
- 18.64%
- 5Y*
- 10.90%
- 10Y*
- 11.67%
CVSM
- 1D
- 0.17%
- 1M
- -1.46%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDM vs. CVSM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FDM First Trust Dow Jones Select MicroCap Index Fund | 8.31% |
CVSM CresAlta Small & Mid-Cap ETF | 3.14% |
Correlation
The correlation between FDM and CVSM is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 18, 2026 | 0.61 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDM vs. CVSM — Risk / Return Rank
FDM
CVSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDM vs. CVSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Select MicroCap Index Fund (FDM) and CresAlta Small & Mid-Cap ETF (CVSM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDM | CVSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | — | — |
| Martin ratioReturn relative to average drawdown | 9.63 | — | — |
Loading charts...
Drawdowns
FDM vs. CVSM - Drawdown Comparison
The maximum FDM drawdown since its inception was -63.45%, which is greater than CVSM's maximum drawdown of -3.36%. Use the drawdown chart below to compare losses from any high point for FDM and CVSM.
Loading charts...
Drawdown Indicators
| FDM | CVSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -3.36% | -60.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.76% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -1.46% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -1.01% | -10.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | — | — |
Volatility
FDM vs. CVSM - Volatility Comparison
Loading charts...
Volatility by Period
| FDM | CVSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 11.19% | +7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 11.19% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.32% | 11.19% | +12.13% |
FDM vs. CVSM - Expense Ratio Comparison
FDM has a 0.60% expense ratio, which is higher than CVSM's 0.55% expense ratio.
Dividends
FDM vs. CVSM - Dividend Comparison
FDM's dividend yield for the trailing twelve months is around 1.37%, more than CVSM's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVSM CresAlta Small & Mid-Cap ETF | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 1.37% | 1.43% | 1.56% | 1.81% | 1.80% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% |
Frequently Asked Questions
FDM and CVSM have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CVSM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CVSM is cheaper with a 0.55% expense ratio, compared with 0.60% for FDM.
FDM has the higher dividend yield at 1.37%, compared with 0.23% for CVSM.
They also come from different issuers: First Trust and CresAlta. Their fees differ too: 0.60% for FDM and 0.55% for CVSM.
Find the right allocation for FDM and CVSM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer