FFLG vs. FFSM
Compare and contrast key facts about Fidelity Fundamental Large Cap Growth ETF (FFLG) and Fidelity Fundamental Small-Mid Cap ETF (FFSM).
FFLG and FFSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FFSM is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLG or FFSM.
Correlation
The correlation between FFLG and FFSM is 0.75, 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
FFLG vs. FFSM - Performance Comparison
Key characteristics
FFLG:
1.90
FFSM:
0.94
FFLG:
2.51
FFSM:
1.41
FFLG:
1.34
FFSM:
1.17
FFLG:
2.18
FFSM:
1.70
FFLG:
9.73
FFSM:
5.05
FFLG:
3.80%
FFSM:
3.10%
FFLG:
19.51%
FFSM:
16.74%
FFLG:
-44.52%
FFSM:
-26.65%
FFLG:
-1.76%
FFSM:
-8.36%
Returns By Period
In the year-to-date period, FFLG achieves a 36.08% return, which is significantly higher than FFSM's 14.81% return.
FFLG
36.08%
3.10%
10.46%
36.94%
N/A
N/A
FFSM
14.81%
-6.94%
6.82%
14.95%
N/A
N/A
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FFLG vs. FFSM - Expense Ratio Comparison
FFLG has a 0.38% expense ratio, which is lower than FFSM's 0.43% expense ratio.
Risk-Adjusted Performance
FFLG vs. FFSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Growth ETF (FFLG) and Fidelity Fundamental Small-Mid Cap ETF (FFSM). 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
FFLG vs. FFSM - Dividend Comparison
FFLG's dividend yield for the trailing twelve months is around 0.09%, less than FFSM's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FFLG Fidelity Fundamental Large Cap Growth ETF | 0.09% | 0.00% | 1.50% | 0.55% |
FFSM Fidelity Fundamental Small-Mid Cap ETF | 0.62% | 0.56% | 0.58% | 0.37% |
Drawdowns
FFLG vs. FFSM - Drawdown Comparison
The maximum FFLG drawdown since its inception was -44.52%, which is greater than FFSM's maximum drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for FFLG and FFSM. For additional features, visit the drawdowns tool.
Volatility
FFLG vs. FFSM - Volatility Comparison
Fidelity Fundamental Large Cap Growth ETF (FFLG) has a higher volatility of 5.18% compared to Fidelity Fundamental Small-Mid Cap ETF (FFSM) at 4.86%. This indicates that FFLG's price experiences larger fluctuations and is considered to be riskier than FFSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.