FFSM vs. FZROX
Compare and contrast key facts about Fidelity Fundamental Small-Mid Cap ETF (FFSM) and Fidelity ZERO Total Market Index Fund (FZROX).
FFSM is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFSM or FZROX.
Key characteristics
| FFSM | FZROX | |
|---|---|---|
| YTD Return | 24.52% | 26.77% |
| 1Y Return | 42.58% | 38.88% |
| 3Y Return (Ann) | 6.10% | 9.17% |
| Sharpe Ratio | 2.64 | 3.22 |
| Sortino Ratio | 3.64 | 4.27 |
| Omega Ratio | 1.46 | 1.60 |
| Calmar Ratio | 2.72 | 4.78 |
| Martin Ratio | 16.16 | 20.95 |
| Ulcer Index | 2.77% | 1.96% |
| Daily Std Dev | 16.93% | 12.67% |
| Max Drawdown | -26.65% | -34.96% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFSM and FZROX is 0.88, 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. FZROX - Performance Comparison
In the year-to-date period, FFSM achieves a 24.52% return, which is significantly lower than FZROX's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFSM vs. FZROX - Expense Ratio Comparison
FFSM has a 0.43% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FFSM vs. FZROX - 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 Total Market Index Fund (FZROX). 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.
Dividends
FFSM vs. FZROX - Dividend Comparison
FFSM's dividend yield for the trailing twelve months is around 0.50%, less than FZROX's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FFSM Fidelity Fundamental Small-Mid Cap ETF | 0.50% | 0.56% | 0.58% | 0.37% | 0.00% | 0.00% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
Drawdowns
FFSM vs. FZROX - Drawdown Comparison
The maximum FFSM drawdown since its inception was -26.65%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFSM and FZROX. For additional features, visit the drawdowns tool.
Volatility
FFSM vs. FZROX - Volatility Comparison
Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a higher volatility of 5.91% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.02%. This indicates that FFSM's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.