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.
Correlation
The correlation between FHOFX and FSMD is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHOFX vs. FSMD - Performance Comparison
Key characteristics
FHOFX:
2.14
FSMD:
1.12
FHOFX:
2.76
FSMD:
1.65
FHOFX:
1.39
FSMD:
1.20
FHOFX:
2.81
FSMD:
2.23
FHOFX:
10.94
FSMD:
6.44
FHOFX:
3.38%
FSMD:
2.78%
FHOFX:
17.29%
FSMD:
15.98%
FHOFX:
-34.13%
FSMD:
-40.67%
FHOFX:
-2.68%
FSMD:
-7.37%
Returns By Period
In the year-to-date period, FHOFX achieves a 35.26% return, which is significantly higher than FSMD's 15.85% return.
FHOFX
35.26%
3.77%
12.23%
35.45%
18.20%
N/A
FSMD
15.85%
-3.36%
11.15%
16.33%
10.62%
N/A
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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 0.60%, less than FSMD's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.60% | 0.83% | 0.99% | 0.64% | 0.83% | 0.87% | 0.56% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.28% | 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 -34.13%, 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) and Fidelity Small-Mid Multifactor ETF (FSMD) have volatilities of 5.00% and 5.04%, 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.