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

Correlation

The correlation between FFSM and FFLC 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

FFSM vs. FFLC - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FFSM:

0.01

FFLC:

0.35

Sortino Ratio

FFSM:

0.25

FFLC:

0.67

Omega Ratio

FFSM:

1.03

FFLC:

1.10

Calmar Ratio

FFSM:

0.05

FFLC:

0.39

Martin Ratio

FFSM:

0.16

FFLC:

1.41

Ulcer Index

FFSM:

7.99%

FFLC:

5.40%

Daily Std Dev

FFSM:

23.09%

FFLC:

19.84%

Max Drawdown

FFSM:

-26.65%

FFLC:

-19.72%

Current Drawdown

FFSM:

-12.53%

FFLC:

-8.23%

Returns By Period

In the year-to-date period, FFSM achieves a -4.18% return, which is significantly lower than FFLC's -3.27% return.


FFSM

YTD

-4.18%

1M

6.02%

6M

-11.05%

1Y

0.33%

5Y*

N/A

10Y*

N/A

FFLC

YTD

-3.27%

1M

4.73%

6M

-6.49%

1Y

6.91%

5Y*

N/A

10Y*

N/A

*Annualized

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FFSM vs. FFLC - Expense Ratio Comparison

FFSM has a 0.43% expense ratio, which is higher than FFLC's 0.38% expense ratio.


Risk-Adjusted Performance

FFSM vs. FFLC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFSM
The Risk-Adjusted Performance Rank of FFSM is 2222
Overall Rank
The Sharpe Ratio Rank of FFSM is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of FFSM is 2323
Sortino Ratio Rank
The Omega Ratio Rank of FFSM is 2222
Omega Ratio Rank
The Calmar Ratio Rank of FFSM is 2222
Calmar Ratio Rank
The Martin Ratio Rank of FFSM is 2222
Martin Ratio Rank

FFLC
The Risk-Adjusted Performance Rank of FFLC is 4949
Overall Rank
The Sharpe Ratio Rank of FFLC is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of FFLC is 4747
Sortino Ratio Rank
The Omega Ratio Rank of FFLC is 4949
Omega Ratio Rank
The Calmar Ratio Rank of FFLC is 5252
Calmar Ratio Rank
The Martin Ratio Rank of FFLC is 5050
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FFSM vs. FFLC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Small-Mid Cap ETF (FFSM) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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.


The current FFSM Sharpe Ratio is 0.01, which is lower than the FFLC Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of FFSM and FFLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FFSM vs. FFLC - Dividend Comparison

FFSM's dividend yield for the trailing twelve months is around 0.70%, less than FFLC's 0.98% yield.


TTM20242023202220212020
FFSM
Fidelity Fundamental Small-Mid Cap ETF
0.70%0.62%0.56%0.58%0.37%0.00%
FFLC
Fidelity Fundamental Large Cap Core ETF
0.98%0.82%0.57%1.67%1.68%0.89%

Drawdowns

FFSM vs. FFLC - Drawdown Comparison

The maximum FFSM drawdown since its inception was -26.65%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FFSM and FFLC. For additional features, visit the drawdowns tool.


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Volatility

FFSM vs. FFLC - Volatility Comparison


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