FFSM vs. DEUS

Last updated Aug 2, 2026

FFSM (Fidelity Fundamental Small-Mid Cap ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds. FFSM is actively managed, while DEUS is passively managed. Over the past 5 years, FFSM returned 10.60%/yr vs 9.89%/yr for DEUS. Their correlation of 0.91 means they have usually moved in the same direction. FFSM charges 0.43%/yr vs 0.17%/yr for DEUS.

Performance

FFSM vs. DEUS - Performance Comparison

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

Returns By Period

In the year-to-date period, FFSM achieves a 19.99% return, which is significantly higher than DEUS's 15.12% return.

FFSM

• 1D: 0.52%
• 1M: -1.26%
• 6M: 14.51%
• YTD: 19.99%
• 1Y: 35.51%
• 3Y*: 18.11%
• 5Y*: 10.60%
• 10Y*: —
• ALL TIME*: 12.02%

DEUS

• 1D: -0.21%
• 1M: 1.31%
• 6M: 10.90%
• YTD: 15.12%
• 1Y: 21.03%
• 3Y*: 14.88%
• 5Y*: 9.89%
• 10Y*: 11.33%
• ALL TIME*: 11.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEUS Xtrackers Russell US Multifactor ETF	$618.40K	$852.23K	$985.08K
FFSM Fidelity Fundamental Small-Mid Cap ETF	$10.97M	$10.32M	$6.89M

FFSM vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFSM Fidelity Fundamental Small-Mid Cap ETF	19.99%	14.89%	14.38%	17.30%	-16.35%	20.44%
DEUS Xtrackers Russell US Multifactor ETF	15.12%	10.41%	14.33%	14.73%	-11.18%	24.92%

Correlation

The correlation between FFSM and DEUS is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021	0.91

The correlation between FFSM and DEUS shifts across timeframes, from 0.77 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.

FFSM vs. DEUS - Sectors Allocation Comparison

Sectors	FFSM	DEUS
Industrials	21.9%	18.7%
Technology	19.9%	10.5%
Financial Services	13.9%	13.8%
Consumer Cyclical	11.3%	11.1%
Healthcare	9.8%	12.9%
Basic Materials	6.9%	4.1%
Real Estate	5.0%	5.6%
Consumer Defensive	4.3%	7.5%
Energy	4.2%	5.2%
Utilities	2.3%	7.4%
Communication Services	0.6%	3.2%

Return for Risk

FFSM vs. DEUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFSM

FFSM Risk / Return Rank: 81
FFSM Sharpe Ratio Rank: 79
FFSM Sortino Ratio Rank: 79
FFSM Omega Ratio Rank: 75
FFSM Calmar Ratio Rank: 85
FFSM Martin Ratio Rank: 86

DEUS

DEUS Risk / Return Rank: 80
DEUS Sharpe Ratio Rank: 78
DEUS Sortino Ratio Rank: 81
DEUS Omega Ratio Rank: 75
DEUS Calmar Ratio Rank: 80
DEUS Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFSM vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Small-Mid Cap ETF (FFSM) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FFSM	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.79	0.00
Sortino ratio: Return per unit of downside risk	2.56	2.65	-0.08
Omega ratio: Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	3.26	2.92	+0.34
Martin ratio: Return relative to average drawdown	12.18	11.25	+0.93

FFSM vs. DEUS - Sharpe Ratio Comparison

The current FFSM Sharpe Ratio is 1.79, which is comparable to the DEUS Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of FFSM and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFSM vs. DEUS - Drawdown Comparison

The maximum FFSM drawdown since its inception was -26.65%, smaller than the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for FFSM and DEUS.

Drawdown Indicators

	FFSM	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-26.65%	-40.47%	+13.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-6.83%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-16.69%	-8.09%
Max Drawdown (5Y) Largest decline over 5 years	-26.65%	-20.89%	-5.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.47%	—
Current Drawdown Current decline from peak	-3.85%	-1.53%	-2.32%
Average Drawdown Average peak-to-trough decline	-7.69%	-4.28%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	1.77%	+1.00%

Volatility

FFSM vs. DEUS - Volatility Comparison

Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a higher volatility of 4.27% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.09%. This indicates that FFSM's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFSM	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	3.09%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	8.23%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	11.17%	+7.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.73%	15.49%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.53%	17.95%	+2.58%

FFSM vs. DEUS - Expense Ratio Comparison

FFSM has a 0.43% expense ratio, which is higher than DEUS's 0.17% expense ratio.

Dividends

FFSM vs. DEUS - Dividend Comparison

FFSM's dividend yield for the trailing twelve months is around 0.44%, less than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%
FFSM Fidelity Fundamental Small-Mid Cap ETF	0.44%	0.56%	0.62%	0.56%	0.58%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFSM and DEUS in my portfolio?

FFSM and DEUS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFSM or DEUS?

FFSM has higher volatility (4.27%) compared to DEUS (3.09%). In terms of maximum drawdown, FFSM dropped -26.65% vs DEUS's -40.47%.

Which ETF is better, FFSM or DEUS?

On 5-year performance, FFSM leads with 10.60% vs 9.89% for DEUS. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFSM or DEUS?

Over the 5-year period, FFSM has performed better with a 10.60% return vs 9.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFSM or DEUS?

DEUS is cheaper with a 0.17% expense ratio, compared with 0.43% for FFSM.

Which ETF pays a higher dividend yield, FFSM or DEUS?

DEUS has the higher dividend yield at 1.38%, compared with 0.44% for FFSM.

What is the main difference between FFSM and DEUS?

They also come from different issuers: Fidelity and Xtrackers. Their fees differ too: 0.43% for FFSM and 0.17% for DEUS.

Which has better risk-adjusted returns?

FFSM currently has the higher Sharpe Ratio (1.79 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.