FHOFX vs. FSMD
Compare and contrast key facts about Fidelity Series Large Cap Growth Index Fund (FHOFX) and Fidelity Small-Mid Multifactor ETF (FSMD).
FHOFX is managed by Fidelity. It was launched on Aug 17, 2018. FSMD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Small-Mid Multifactor Index. It was launched on Feb 26, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHOFX or FSMD.
Key characteristics
| FHOFX | FSMD | |
|---|---|---|
| YTD Return | 23.70% | 15.26% |
| 1Y Return | 38.19% | 27.97% |
| 3Y Return (Ann) | 10.98% | 9.30% |
| 5Y Return (Ann) | 19.46% | 12.05% |
| Sharpe Ratio | 2.11 | 1.68 |
| Daily Std Dev | 17.24% | 16.27% |
| Max Drawdown | -32.62% | -40.67% |
| Current Drawdown | -2.39% | 0.00% |
Correlation
The correlation between FHOFX and FSMD is 0.70, 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
FHOFX vs. FSMD - Performance Comparison
In the year-to-date period, FHOFX achieves a 23.70% return, which is significantly higher than FSMD's 15.26% 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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FHOFX vs. FSMD - Expense Ratio Comparison
FHOFX has a 0.00% expense ratio, which is lower than FSMD's 0.29% expense ratio.
Risk-Adjusted Performance
FHOFX vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and Fidelity Small-Mid Multifactor ETF (FSMD). 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
FHOFX vs. FSMD - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 0.66%, less than FSMD's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.66% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% |
FSMD Fidelity Small-Mid Multifactor ETF | 0.91% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% |
Drawdowns
FHOFX vs. FSMD - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, smaller than the maximum FSMD drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for FHOFX and FSMD. For additional features, visit the drawdowns tool.
Volatility
FHOFX vs. FSMD - Volatility Comparison
Fidelity Series Large Cap Growth Index Fund (FHOFX) has a higher volatility of 6.14% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 4.95%. This indicates that FHOFX's price experiences larger fluctuations and is considered to be riskier than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.