FGSM vs. SCDV

Last updated Jun 23, 2026

FGSM (Frontier Asset Global Small Cap Equity ETF) and SCDV (Bahl & Gaynor Small Cap Dividend ETF) are both exchange-traded funds - FGSM is a Global Equities fund actively managed by Frontier, while SCDV is a Small Cap Blend Equities fund actively managed by Bahl & Gaynor. Both are actively managed. Over the past year, FGSM returned 34.41% vs 19.20% for SCDV. Their correlation of 0.85 suggests significant overlap in exposure. FGSM charges 0.90%/yr vs 0.70%/yr for SCDV.

Performance

FGSM vs. SCDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset Global Small Cap Equity ETF (FGSM) and Bahl & Gaynor Small Cap Dividend ETF (SCDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSM achieves a 15.80% return, which is significantly higher than SCDV's 14.63% return.

FGSM

• 1D: 0.31%
• 1M: 2.30%
• YTD: 15.80%
• 6M: 14.33%
• 1Y: 34.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCDV

• 1D: 0.41%
• 1M: 2.58%
• YTD: 14.63%
• 6M: 12.47%
• 1Y: 19.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGSM vs. SCDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FGSM Frontier Asset Global Small Cap Equity ETF	15.80%	21.33%	-0.27%
SCDV Bahl & Gaynor Small Cap Dividend ETF	14.63%	3.09%	-0.23%

Correlation

The correlation between FGSM and SCDV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.85

The correlation between FGSM and SCDV has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

FGSM vs. SCDV — Risk / Return Rank

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

FGSM

FGSM Risk / Return Rank: 73
FGSM Sharpe Ratio Rank: 74
FGSM Sortino Ratio Rank: 74
FGSM Omega Ratio Rank: 69
FGSM Calmar Ratio Rank: 72
FGSM Martin Ratio Rank: 74

SCDV

SCDV Risk / Return Rank: 35
SCDV Sharpe Ratio Rank: 36
SCDV Sortino Ratio Rank: 37
SCDV Omega Ratio Rank: 33
SCDV Calmar Ratio Rank: 35
SCDV Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGSM vs. SCDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Global Small Cap Equity ETF (FGSM) and Bahl & Gaynor Small Cap Dividend ETF (SCDV). 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.

	FGSM	SCDV	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.23	+1.05
Sortino ratio: Return per unit of downside risk	3.19	1.85	+1.34
Omega ratio: Gain probability vs. loss probability	1.40	1.21	+0.18
Calmar ratio: Return relative to maximum drawdown	3.51	1.69	+1.82
Martin ratio: Return relative to average drawdown	13.59	5.09	+8.50

FGSM vs. SCDV - Sharpe Ratio Comparison

The current FGSM Sharpe Ratio is 2.27, which is higher than the SCDV Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of FGSM and SCDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGSM vs. SCDV - Drawdown Comparison

The maximum FGSM drawdown since its inception was -17.72%, smaller than the maximum SCDV drawdown of -23.14%. Use the drawdown chart below to compare losses from any high point for FGSM and SCDV.

Drawdown Indicators

	FGSM	SCDV	Difference
Max Drawdown Largest peak-to-trough decline	-17.72%	-23.14%	+5.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-11.38%	+1.54%
Current Drawdown Current decline from peak	0.00%	-0.28%	+0.28%
Average Drawdown Average peak-to-trough decline	-2.17%	-5.61%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.78%	-1.24%

Volatility

FGSM vs. SCDV - Volatility Comparison

Frontier Asset Global Small Cap Equity ETF (FGSM) and Bahl & Gaynor Small Cap Dividend ETF (SCDV) have volatilities of 4.73% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGSM	SCDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	4.65%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	11.95%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	15.77%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	19.08%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	19.08%	-1.24%

FGSM vs. SCDV - Expense Ratio Comparison

FGSM has a 0.90% expense ratio, which is higher than SCDV's 0.70% expense ratio.

Dividends

FGSM vs. SCDV - Dividend Comparison

FGSM's dividend yield for the trailing twelve months is around 1.34%, more than SCDV's 0.50% yield.

Position	TTM	2025	2024
FGSM Frontier Asset Global Small Cap Equity ETF	1.34%	1.56%	0.00%
SCDV Bahl & Gaynor Small Cap Dividend ETF	0.50%	0.61%	0.05%

Frequently Asked Questions

Can I hold both FGSM and SCDV in my portfolio?

FGSM and SCDV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGSM or SCDV?

FGSM has higher volatility (4.73%) compared to SCDV (4.65%). In terms of maximum drawdown, FGSM dropped -17.72% vs SCDV's -23.14%.

Which ETF is better, FGSM or SCDV?

On 1-year performance, FGSM leads with 34.41% vs 19.20% for SCDV. On fees, SCDV is cheaper at 0.70% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGSM or SCDV?

Over the 1-year period, FGSM has performed better with a 34.41% return vs 19.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGSM or SCDV?

SCDV is cheaper with a 0.70% expense ratio, compared with 0.90% for FGSM.

Which ETF pays a higher dividend yield, FGSM or SCDV?

FGSM has the higher dividend yield at 1.34%, compared with 0.50% for SCDV.

What is the main difference between FGSM and SCDV?

FGSM is categorized as Global Equities, while SCDV is Small Cap Blend Equities. They also come from different issuers: Frontier and Bahl & Gaynor. Their fees differ too: 0.90% for FGSM and 0.70% for SCDV.

Which has better risk-adjusted returns?

FGSM currently has the higher Sharpe Ratio (2.27 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.