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FFLV vs. FFSM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FFLVFFSM
Daily Std Dev13.56%16.93%
Max Drawdown-5.99%-26.65%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.8

The correlation between FFLV and FFSM is 0.85, 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

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
10.02%
13.43%
FFLV
FFSM

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FFLV vs. FFSM - Expense Ratio Comparison

FFLV has a 0.38% expense ratio, which is lower than FFSM's 0.43% expense ratio.


FFSM
Fidelity Fundamental Small-Mid Cap ETF
Expense ratio chart for FFSM: current value at 0.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.43%
Expense ratio chart for FFLV: current value at 0.38% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.38%

Risk-Adjusted Performance

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.


FFLV
Sharpe ratio
No data
FFSM
Sharpe ratio
The chart of Sharpe ratio for FFSM, currently valued at 2.64, compared to the broader market-2.000.002.004.006.002.64
Sortino ratio
The chart of Sortino ratio for FFSM, currently valued at 3.64, compared to the broader market0.005.0010.003.64
Omega ratio
The chart of Omega ratio for FFSM, currently valued at 1.46, compared to the broader market1.001.502.002.503.001.46
Calmar ratio
The chart of Calmar ratio for FFSM, currently valued at 2.72, compared to the broader market0.005.0010.0015.002.72
Martin ratio
The chart of Martin ratio for FFSM, currently valued at 16.16, compared to the broader market0.0020.0040.0060.0080.00100.00120.0016.16

FFLV vs. FFSM - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

FFLV vs. FFSM - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 0.93%, more than FFSM's 0.50% yield.


TTM202320222021
FFLV
Fidelity Fundamental Large Cap Value ETF
0.93%0.00%0.00%0.00%
FFSM
Fidelity Fundamental Small-Mid Cap ETF
0.50%0.56%0.58%0.37%

Drawdowns

FFLV vs. FFSM - Drawdown Comparison

The maximum FFLV drawdown since its inception was -5.99%, 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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
FFLV
FFSM

Volatility

FFLV vs. FFSM - Volatility Comparison

The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 4.30%, while Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a volatility of 5.91%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.30%
5.91%
FFLV
FFSM