FFSM vs. DRES
FFSM (Fidelity Fundamental Small-Mid Cap ETF) and DRES (GMO Domestic Resilience ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FFSM charges 0.43%/yr vs 0.50%/yr for DRES.
Performance
FFSM vs. DRES - Performance Comparison
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Returns By Period
In the year-to-date period, FFSM achieves a 19.99% return, which is significantly lower than DRES's 21.60% 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%
DRES
- 1D
- 0.30%
- 1M
- 0.31%
- 6M
- 12.48%
- YTD
- 21.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.72K | $76.15K | $99.36K | |
| $10.97M | $10.32M | $6.89M |
FFSM vs. DRES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FFSM Fidelity Fundamental Small-Mid Cap ETF | 19.99% | 5.20% |
DRES GMO Domestic Resilience ETF | 21.60% | 2.50% |
Correlation
The correlation between FFSM and DRES is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.79 |
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Return for Risk
FFSM vs. DRES — Risk / Return Rank
FFSM
DRES
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FFSM vs. DRES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Small-Mid Cap ETF (FFSM) and GMO Domestic Resilience ETF (DRES). 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 | DRES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | — | — |
| Martin ratioReturn relative to average drawdown | 12.18 | — | — |
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Drawdowns
FFSM vs. DRES - Drawdown Comparison
The maximum FFSM drawdown since its inception was -26.65%, which is greater than DRES's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for FFSM and DRES.
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Drawdown Indicators
| FFSM | DRES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -10.41% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.65% | — | — |
Current DrawdownCurrent decline from peak | -3.85% | -1.59% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -2.14% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | — | — |
Volatility
FFSM vs. DRES - Volatility Comparison
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Volatility by Period
| FFSM | DRES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 18.07% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 18.07% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.53% | 18.07% | +2.46% |
FFSM vs. DRES - Expense Ratio Comparison
FFSM has a 0.43% expense ratio, which is lower than DRES's 0.50% expense ratio.
Dividends
FFSM vs. DRES - Dividend Comparison
FFSM's dividend yield for the trailing twelve months is around 0.44%, less than DRES's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DRES GMO Domestic Resilience ETF | 0.52% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
FFSM Fidelity Fundamental Small-Mid Cap ETF | 0.44% | 0.56% | 0.62% | 0.56% | 0.58% | 0.37% |
Frequently Asked Questions
FFSM and DRES have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FFSM is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FFSM is cheaper with a 0.43% expense ratio, compared with 0.50% for DRES.
DRES has the higher dividend yield at 0.52%, compared with 0.44% for FFSM.
They also come from different issuers: Fidelity and GMO. Their fees differ too: 0.43% for FFSM and 0.50% for DRES.
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