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 0.83, 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
Key characteristics
FHOFX:
0.53
FSMD:
0.19
FHOFX:
0.90
FSMD:
0.43
FHOFX:
1.13
FSMD:
1.06
FHOFX:
0.57
FSMD:
0.18
FHOFX:
2.01
FSMD:
0.61
FHOFX:
6.60%
FSMD:
6.68%
FHOFX:
25.17%
FSMD:
20.95%
FHOFX:
-34.13%
FSMD:
-40.67%
FHOFX:
-12.62%
FSMD:
-14.39%
Returns By Period
In the year-to-date period, FHOFX achieves a -8.94% return, which is significantly lower than FSMD's -7.03% return.
FHOFX
-8.94%
-1.41%
-4.40%
11.98%
16.29%
N/A
FSMD
-7.03%
-1.75%
-6.35%
4.47%
14.20%
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 Rank
FHOFX
FSMD
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 1.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.60% | 0.55% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.45% | 1.29% | 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) has a higher volatility of 16.82% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 13.81%. 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.