FSMD vs. FBND
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Fidelity Total Bond ETF (FBND).
FSMD and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FSMD vs. FBND - Performance Comparison
Loading graphics...
FSMD vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.72% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
FBND Fidelity Total Bond ETF | 0.14% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 7.77% |
Returns By Period
In the year-to-date period, FSMD achieves a 1.72% return, which is significantly higher than FBND's 0.14% return.
FSMD
- 1D
- 3.04%
- 1M
- -4.67%
- YTD
- 1.72%
- 6M
- 2.29%
- 1Y
- 15.81%
- 3Y*
- 13.07%
- 5Y*
- 7.84%
- 10Y*
- —
FBND
- 1D
- 0.31%
- 1M
- -1.78%
- YTD
- 0.14%
- 6M
- 1.01%
- 1Y
- 4.73%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.79%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSMD vs. FBND - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
FSMD vs. FBND — Risk / Return Rank
FSMD
FBND
FSMD vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Fidelity Total Bond ETF (FBND). 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.
| FSMD | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.07 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.50 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.82 | -0.49 |
Martin ratioReturn relative to average drawdown | 5.61 | 5.71 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSMD | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.07 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.17 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.44 | +0.03 |
Correlation
The correlation between FSMD and FBND is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FSMD vs. FBND - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.37%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.37% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FSMD vs. FBND - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FSMD and FBND.
Loading graphics...
Drawdown Indicators
| FSMD | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -17.25% | -23.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.63% | -2.79% | -9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -17.25% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -5.65% | -1.78% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -3.38% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 0.89% | +2.12% |
Volatility
FSMD vs. FBND - Volatility Comparison
Fidelity Small-Mid Multifactor ETF (FSMD) has a higher volatility of 6.73% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FSMD's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FSMD | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 1.66% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 2.62% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 4.45% | +15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 5.90% | +12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 6.09% | +15.45% |