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

Correlation

The correlation between FFSM and FNILX 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. FNILX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FFSM:

0.01

FNILX:

0.53

Sortino Ratio

FFSM:

0.25

FNILX:

0.91

Omega Ratio

FFSM:

1.03

FNILX:

1.13

Calmar Ratio

FFSM:

0.05

FNILX:

0.57

Martin Ratio

FFSM:

0.16

FNILX:

2.20

Ulcer Index

FFSM:

7.99%

FNILX:

4.96%

Daily Std Dev

FFSM:

23.09%

FNILX:

19.59%

Max Drawdown

FFSM:

-26.65%

FNILX:

-33.75%

Current Drawdown

FFSM:

-12.53%

FNILX:

-7.76%

Returns By Period

In the year-to-date period, FFSM achieves a -4.18% return, which is significantly lower than FNILX's -3.39% return.


FFSM

YTD

-4.18%

1M

6.02%

6M

-11.05%

1Y

0.33%

5Y*

N/A

10Y*

N/A

FNILX

YTD

-3.39%

1M

4.01%

6M

-4.92%

1Y

10.40%

5Y*

15.79%

10Y*

N/A

*Annualized

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FFSM vs. FNILX - Expense Ratio Comparison

FFSM has a 0.43% expense ratio, which is higher than FNILX's 0.00% expense ratio.


Risk-Adjusted Performance

FFSM vs. FNILX — 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

FNILX
The Risk-Adjusted Performance Rank of FNILX is 6464
Overall Rank
The Sharpe Ratio Rank of FNILX is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of FNILX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of FNILX is 6464
Omega Ratio Rank
The Calmar Ratio Rank of FNILX is 7070
Calmar Ratio Rank
The Martin Ratio Rank of FNILX is 6464
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. FNILX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Small-Mid Cap ETF (FFSM) and Fidelity ZERO Large Cap Index Fund (FNILX). 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 FNILX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of FFSM and FNILX, 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. FNILX - Dividend Comparison

FFSM's dividend yield for the trailing twelve months is around 0.70%, less than FNILX's 1.13% yield.


TTM2024202320222021202020192018
FFSM
Fidelity Fundamental Small-Mid Cap ETF
0.70%0.62%0.56%0.58%0.37%0.00%0.00%0.00%
FNILX
Fidelity ZERO Large Cap Index Fund
1.13%1.09%1.34%1.53%0.95%1.20%1.17%0.53%

Drawdowns

FFSM vs. FNILX - Drawdown Comparison

The maximum FFSM drawdown since its inception was -26.65%, smaller than the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FFSM and FNILX. For additional features, visit the drawdowns tool.


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Volatility

FFSM vs. FNILX - Volatility Comparison


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