FSMD vs. BFGFX
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Baron Focused Growth Fund (BFGFX).
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. BFGFX is managed by Baron Capital Group, Inc.. It was launched on Jun 30, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMD or BFGFX.
Key characteristics
| FSMD | BFGFX | |
|---|---|---|
| YTD Return | 6.90% | -0.80% |
| 1Y Return | 23.93% | 12.75% |
| 3Y Return (Ann) | 5.84% | 4.28% |
| 5Y Return (Ann) | 10.79% | 22.49% |
| Sharpe Ratio | 1.65 | 0.87 |
| Daily Std Dev | 15.17% | 15.22% |
| Max Drawdown | -40.67% | -56.92% |
| Current Drawdown | -0.67% | -17.14% |
Correlation
The correlation between FSMD and BFGFX is 0.72, 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
FSMD vs. BFGFX - Performance Comparison
In the year-to-date period, FSMD achieves a 6.90% return, which is significantly higher than BFGFX's -0.80% 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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FSMD vs. BFGFX - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is lower than BFGFX's 1.32% expense ratio.
Risk-Adjusted Performance
FSMD vs. BFGFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Baron Focused Growth Fund (BFGFX). 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
FSMD vs. BFGFX - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.26%, while BFGFX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.26% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BFGFX Baron Focused Growth Fund | 0.00% | 0.00% | 12.28% | 15.53% | 2.85% | 1.78% | 1.07% | 2.11% | 6.02% | 5.80% | 0.60% | 1.22% |
Drawdowns
FSMD vs. BFGFX - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum BFGFX drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for FSMD and BFGFX. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. BFGFX - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 3.66%, while Baron Focused Growth Fund (BFGFX) has a volatility of 3.90%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than BFGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.