FSMD vs. FSOPX
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Fidelity Series Small Cap Opportunities Fund (FSOPX).
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. FSOPX is managed by Fidelity. It was launched on Mar 22, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMD or FSOPX.
Performance
FSMD vs. FSOPX - Performance Comparison
Returns By Period
In the year-to-date period, FSMD achieves a 19.72% return, which is significantly lower than FSOPX's 21.12% return.
FSMD
19.72%
1.75%
11.96%
31.39%
12.23%
N/A
FSOPX
21.12%
-0.32%
10.18%
36.56%
12.64%
10.58%
Key characteristics
| FSMD | FSOPX | |
|---|---|---|
| Sharpe Ratio | 2.00 | 1.94 |
| Sortino Ratio | 2.85 | 2.73 |
| Omega Ratio | 1.35 | 1.33 |
| Calmar Ratio | 4.35 | 2.17 |
| Martin Ratio | 12.31 | 11.97 |
| Ulcer Index | 2.59% | 3.09% |
| Daily Std Dev | 15.91% | 19.06% |
| Max Drawdown | -40.67% | -61.73% |
| Current Drawdown | -3.27% | -4.60% |
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FSMD vs. FSOPX - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is higher than FSOPX's 0.00% expense ratio.
Correlation
The correlation between FSMD and FSOPX is 0.96, 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
FSMD vs. FSOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Fidelity Series Small Cap Opportunities Fund (FSOPX). 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. FSOPX - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.20%, less than FSOPX's 1.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.20% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSOPX Fidelity Series Small Cap Opportunities Fund | 1.92% | 0.98% | 1.17% | 0.82% | 0.85% | 1.16% | 1.23% | 0.83% | 0.47% | 6.15% | 5.74% | 10.27% |
Drawdowns
FSMD vs. FSOPX - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum FSOPX drawdown of -61.73%. Use the drawdown chart below to compare losses from any high point for FSMD and FSOPX. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. FSOPX - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 5.99%, while Fidelity Series Small Cap Opportunities Fund (FSOPX) has a volatility of 6.74%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than FSOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.