FFLV vs. FFSM
Compare and contrast key facts about Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity Fundamental Small-Mid Cap ETF (FFSM).
FFLV and FFSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLV is an actively managed fund by Fidelity. It was launched on Feb 22, 2024. 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: FFLV or FFSM.
Correlation
The correlation between FFLV and FFSM is 0.83, 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
FFLV vs. FFSM - Performance Comparison
Key characteristics
FFLV:
0.89
FFSM:
0.50
FFLV:
1.33
FFSM:
0.82
FFLV:
1.17
FFSM:
1.10
FFLV:
1.25
FFSM:
0.86
FFLV:
3.11
FFSM:
2.13
FFLV:
3.67%
FFSM:
4.02%
FFLV:
12.88%
FFSM:
17.02%
FFLV:
-9.17%
FFSM:
-26.65%
FFLV:
-4.57%
FFSM:
-8.88%
Returns By Period
In the year-to-date period, FFLV achieves a 3.54% return, which is significantly higher than FFSM's -0.19% return.
FFLV
3.54%
0.26%
1.91%
11.14%
N/A
N/A
FFSM
-0.19%
-4.99%
-0.78%
7.36%
N/A
N/A
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FFLV vs. FFSM - Expense Ratio Comparison
FFLV has a 0.38% expense ratio, which is lower than FFSM's 0.43% expense ratio.
Risk-Adjusted Performance
FFLV vs. FFSM — Risk-Adjusted Performance Rank
FFLV
FFSM
FFLV vs. FFSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) 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
FFLV vs. FFSM - Dividend Comparison
FFLV's dividend yield for the trailing twelve months is around 1.41%, more than FFSM's 0.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 1.41% | 1.46% | 0.00% | 0.00% | 0.00% |
FFSM Fidelity Fundamental Small-Mid Cap ETF | 0.62% | 0.62% | 0.56% | 0.58% | 0.37% |
Drawdowns
FFLV vs. FFSM - Drawdown Comparison
The maximum FFLV drawdown since its inception was -9.17%, smaller than the maximum FFSM drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for FFLV and FFSM. For additional features, visit the drawdowns tool.
Volatility
FFLV vs. FFSM - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 2.55%, while Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a volatility of 4.92%. This indicates that FFLV experiences smaller price fluctuations and is considered to be less risky than FFSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.