FSMAX vs. SCHD
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Schwab US Dividend Equity ETF (SCHD).
FSMAX is managed by Fidelity. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMAX or SCHD.
Key characteristics
| FSMAX | SCHD | |
|---|---|---|
| YTD Return | 21.43% | 17.47% |
| 1Y Return | 37.46% | 27.61% |
| 3Y Return (Ann) | 1.20% | 6.96% |
| 5Y Return (Ann) | 11.64% | 12.74% |
| 10Y Return (Ann) | 10.24% | 11.66% |
| Sharpe Ratio | 2.37 | 2.70 |
| Sortino Ratio | 3.26 | 3.89 |
| Omega Ratio | 1.41 | 1.48 |
| Calmar Ratio | 1.69 | 3.71 |
| Martin Ratio | 13.75 | 14.94 |
| Ulcer Index | 3.16% | 2.04% |
| Daily Std Dev | 18.34% | 11.25% |
| Max Drawdown | -41.67% | -33.37% |
| Current Drawdown | -1.73% | -0.51% |
Correlation
The correlation between FSMAX and SCHD is 0.78, 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. SCHD - Performance Comparison
In the year-to-date period, FSMAX achieves a 21.43% return, which is significantly higher than SCHD's 17.47% return. Over the past 10 years, FSMAX has underperformed SCHD with an annualized return of 10.24%, while SCHD has yielded a comparatively higher 11.66% 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. SCHD - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than SCHD's 0.06% 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
FSMAX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.88%, less than SCHD's 3.37% 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% |
SCHD Schwab US Dividend Equity ETF | 3.37% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FSMAX vs. SCHD - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -41.67%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FSMAX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FSMAX vs. SCHD - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 6.02% compared to Schwab US Dividend Equity ETF (SCHD) at 3.49%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.