FSMAX vs. DFSVX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and DFA U.S. Small Cap Value Portfolio I (DFSVX).
FSMAX is managed by Fidelity. DFSVX is managed by Dimensional Fund Advisors LP. It was launched on Mar 2, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMAX or DFSVX.
Key characteristics
| FSMAX | DFSVX | |
|---|---|---|
| YTD Return | 4.18% | 3.21% |
| 1Y Return | 15.80% | 16.94% |
| 3Y Return (Ann) | -2.46% | 8.33% |
| 5Y Return (Ann) | 9.24% | 14.07% |
| 10Y Return (Ann) | 8.59% | 8.11% |
| Sharpe Ratio | 0.81 | 0.81 |
| Daily Std Dev | 18.63% | 19.51% |
| Max Drawdown | -41.67% | -66.70% |
| Current Drawdown | -11.73% | -7.88% |
Correlation
The correlation between FSMAX and DFSVX is 0.89, 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
FSMAX vs. DFSVX - Performance Comparison
In the year-to-date period, FSMAX achieves a 4.18% return, which is significantly higher than DFSVX's 3.21% return. Over the past 10 years, FSMAX has outperformed DFSVX with an annualized return of 8.59%, while DFSVX has yielded a comparatively lower 8.11% annualized 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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FSMAX vs. DFSVX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than DFSVX's 0.30% expense ratio.
Risk-Adjusted Performance
FSMAX vs. DFSVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). 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
FSMAX vs. DFSVX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 1.02%, less than DFSVX's 3.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 1.02% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.61% | 4.85% | 6.58% | 5.43% | 4.09% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 3.59% | 3.67% | 6.77% | 10.40% | 1.96% | 2.83% | 7.54% | 5.62% | 4.53% | 5.83% | 4.53% | 5.09% |
Drawdowns
FSMAX vs. DFSVX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -41.67%, smaller than the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for FSMAX and DFSVX. For additional features, visit the drawdowns tool.
Volatility
FSMAX vs. DFSVX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) and DFA U.S. Small Cap Value Portfolio I (DFSVX) have volatilities of 6.44% and 6.54%, 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.