FESM vs. PVIVX
Compare and contrast key facts about Fidelity Enhanced Small Cap ETF (FESM) and Paradigm Micro-cap Fund (PVIVX).
FESM is an actively managed fund by Fidelity. It was launched on Dec 20, 2007. PVIVX is managed by Paradigm Funds. It was launched on Dec 31, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FESM or PVIVX.
Correlation
The correlation between FESM and PVIVX is 0.91, 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
FESM vs. PVIVX - Performance Comparison
Key characteristics
FESM:
0.73
PVIVX:
0.08
FESM:
1.15
PVIVX:
0.27
FESM:
1.14
PVIVX:
1.03
FESM:
1.35
PVIVX:
0.14
FESM:
3.28
PVIVX:
0.33
FESM:
4.36%
PVIVX:
5.52%
FESM:
19.64%
PVIVX:
23.85%
FESM:
-10.56%
PVIVX:
-54.12%
FESM:
-10.05%
PVIVX:
-13.26%
Returns By Period
In the year-to-date period, FESM achieves a -0.80% return, which is significantly higher than PVIVX's -2.28% return.
FESM
-0.80%
-5.34%
1.17%
13.42%
N/A
N/A
PVIVX
-2.28%
-10.81%
-9.62%
0.64%
10.64%
6.52%
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FESM vs. PVIVX - Expense Ratio Comparison
FESM has a 0.28% expense ratio, which is lower than PVIVX's 1.25% expense ratio.
Risk-Adjusted Performance
FESM vs. PVIVX — Risk-Adjusted Performance Rank
FESM
PVIVX
FESM vs. PVIVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Small Cap ETF (FESM) 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.
Dividends
FESM vs. PVIVX - Dividend Comparison
FESM's dividend yield for the trailing twelve months is around 1.09%, while PVIVX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FESM Fidelity Enhanced Small Cap ETF | 1.09% | 1.08% | 0.06% |
PVIVX Paradigm Micro-cap Fund | 0.00% | 0.00% | 0.00% |
Drawdowns
FESM vs. PVIVX - Drawdown Comparison
The maximum FESM drawdown since its inception was -10.56%, smaller than the maximum PVIVX drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for FESM and PVIVX. For additional features, visit the drawdowns tool.
Volatility
FESM vs. PVIVX - Volatility Comparison
The current volatility for Fidelity Enhanced Small Cap ETF (FESM) is 4.78%, while Paradigm Micro-cap Fund (PVIVX) has a volatility of 7.11%. This indicates that FESM 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.