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.
Performance
FSMAX vs. DFSVX - Performance Comparison
Returns By Period
In the year-to-date period, FSMAX achieves a 20.71% return, which is significantly higher than DFSVX's 14.45% return. Over the past 10 years, FSMAX has outperformed DFSVX with an annualized return of 10.10%, while DFSVX has yielded a comparatively lower 9.28% annualized return.
FSMAX
20.71%
5.92%
14.83%
36.63%
11.51%
10.10%
DFSVX
14.45%
4.95%
10.09%
28.85%
14.66%
9.28%
Key characteristics
| FSMAX | DFSVX | |
|---|---|---|
| Sharpe Ratio | 1.98 | 1.38 |
| Sortino Ratio | 2.74 | 2.08 |
| Omega Ratio | 1.34 | 1.26 |
| Calmar Ratio | 1.41 | 2.75 |
| Martin Ratio | 11.10 | 7.52 |
| Ulcer Index | 3.19% | 3.66% |
| Daily Std Dev | 17.90% | 19.97% |
| Max Drawdown | -41.67% | -66.70% |
| Current Drawdown | -2.31% | -3.20% |
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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.
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.
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 0.88%, less than DFSVX's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.88% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 3.28% | 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
The current volatility for Fidelity Extended Market Index Fund (FSMAX) is 6.17%, while DFA U.S. Small Cap Value Portfolio I (DFSVX) has a volatility of 7.86%. This indicates that FSMAX experiences smaller price fluctuations and is considered to be less risky than DFSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.