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

Performance

FFLV vs. FFSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity Fundamental Small-Mid Cap ETF (FFSM). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.39%
12.96%
FFLV
FFSM

Returns By Period


FFLV

YTD

N/A

1M

4.61%

6M

12.38%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

FFSM

YTD

23.38%

1M

7.11%

6M

12.96%

1Y

35.63%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


FFLVFFSM
Daily Std Dev13.46%16.74%
Max Drawdown-5.99%-26.65%
Current Drawdown0.00%-0.92%

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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.


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%

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.

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.


Sharpe ratio
No data
FFLV
FFSM

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%JuneJulyAugustSeptemberOctoberNovember0
-0.92%
FFLV
FFSM

Volatility

FFLV vs. FFSM - Volatility Comparison

The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 4.27%, while Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a volatility of 6.26%. 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
4.27%
6.26%
FFLV
FFSM