FFSM vs. VB
Compare and contrast key facts about Fidelity Fundamental Small-Mid Cap ETF (FFSM) and Vanguard Small-Cap ETF (VB).
FFSM and VB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFSM is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.
Performance
FFSM vs. VB - Performance Comparison
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FFSM vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FFSM Fidelity Fundamental Small-Mid Cap ETF | 4.24% | 14.89% | 14.38% | 17.30% | -16.35% | 19.77% |
VB Vanguard Small-Cap ETF | 1.92% | 8.87% | 14.17% | 18.22% | -17.51% | 9.24% |
Returns By Period
In the year-to-date period, FFSM achieves a 4.24% return, which is significantly higher than VB's 1.92% return.
FFSM
- 1D
- 3.63%
- 1M
- -6.13%
- YTD
- 4.24%
- 6M
- 9.66%
- 1Y
- 27.31%
- 3Y*
- 15.82%
- 5Y*
- 8.27%
- 10Y*
- —
VB
- 1D
- 3.18%
- 1M
- -5.13%
- YTD
- 1.92%
- 6M
- 3.76%
- 1Y
- 19.75%
- 3Y*
- 13.04%
- 5Y*
- 5.35%
- 10Y*
- 10.51%
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FFSM vs. VB - Expense Ratio Comparison
FFSM has a 0.43% expense ratio, which is higher than VB's 0.05% expense ratio.
Return for Risk
FFSM vs. VB — Risk / Return Rank
FFSM
VB
FFSM vs. VB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Small-Mid Cap ETF (FFSM) and Vanguard Small-Cap ETF (VB). 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.
| FFSM | VB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.91 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.41 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.39 | +0.52 |
Martin ratioReturn relative to average drawdown | 8.09 | 5.97 | +2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFSM | VB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.91 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.26 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.42 | +0.05 |
Correlation
The correlation between FFSM and VB is 0.97, 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.
Dividends
FFSM vs. VB - Dividend Comparison
FFSM's dividend yield for the trailing twelve months is around 0.53%, less than VB's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFSM Fidelity Fundamental Small-Mid Cap ETF | 0.53% | 0.56% | 0.62% | 0.56% | 0.58% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VB Vanguard Small-Cap ETF | 1.34% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Drawdowns
FFSM vs. VB - Drawdown Comparison
The maximum FFSM drawdown since its inception was -26.65%, smaller than the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for FFSM and VB.
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Drawdown Indicators
| FFSM | VB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -59.56% | +32.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -14.29% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.65% | -28.15% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.05% | — |
Current DrawdownCurrent decline from peak | -7.11% | -6.08% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -8.49% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.32% | +0.08% |
Volatility
FFSM vs. VB - Volatility Comparison
Fidelity Fundamental Small-Mid Cap ETF (FFSM) has a higher volatility of 8.38% compared to Vanguard Small-Cap ETF (VB) at 6.84%. This indicates that FFSM's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFSM | VB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 6.84% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 12.60% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 21.86% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 20.78% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 21.40% | -0.79% |