FJACX vs. BBSC
Compare and contrast key facts about Fidelity Series Small Cap Discovery Fund (FJACX) and JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).
FJACX is managed by Fidelity. It was launched on Nov 7, 2013. BBSC is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar US Small Cap Target Market Exposure Extended Index. It was launched on Nov 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJACX or BBSC.
Key characteristics
| FJACX | BBSC | |
|---|---|---|
| YTD Return | 8.98% | 18.30% |
| 1Y Return | 22.18% | 36.28% |
| 3Y Return (Ann) | 4.46% | 2.21% |
| Sharpe Ratio | 1.50 | 1.98 |
| Sortino Ratio | 2.19 | 2.84 |
| Omega Ratio | 1.27 | 1.34 |
| Calmar Ratio | 2.74 | 1.87 |
| Martin Ratio | 6.61 | 11.81 |
| Ulcer Index | 4.15% | 3.72% |
| Daily Std Dev | 18.26% | 22.16% |
| Max Drawdown | -45.60% | -30.96% |
| Current Drawdown | -2.44% | -2.72% |
Correlation
The correlation between FJACX and BBSC is 0.93, 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
FJACX vs. BBSC - Performance Comparison
In the year-to-date period, FJACX achieves a 8.98% return, which is significantly lower than BBSC's 18.30% 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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FJACX vs. BBSC - Expense Ratio Comparison
FJACX has a 0.00% expense ratio, which is lower than BBSC's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FJACX vs. BBSC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Small Cap Discovery Fund (FJACX) and JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC). 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
FJACX vs. BBSC - Dividend Comparison
FJACX's dividend yield for the trailing twelve months is around 1.19%, less than BBSC's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FJACX Fidelity Series Small Cap Discovery Fund | 1.19% | 1.10% | 1.47% | 0.98% | 0.98% | 1.37% | 1.97% | 1.15% | 0.45% | 5.89% | 0.19% |
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 1.24% | 1.58% | 1.37% | 1.06% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FJACX vs. BBSC - Drawdown Comparison
The maximum FJACX drawdown since its inception was -45.60%, which is greater than BBSC's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for FJACX and BBSC. For additional features, visit the drawdowns tool.
Volatility
FJACX vs. BBSC - Volatility Comparison
The current volatility for Fidelity Series Small Cap Discovery Fund (FJACX) is 6.47%, while JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) has a volatility of 7.76%. This indicates that FJACX experiences smaller price fluctuations and is considered to be less risky than BBSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.