FSMD vs. FXAIX
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMD or FXAIX.
Key characteristics
| FSMD | FXAIX | |
|---|---|---|
| YTD Return | 7.76% | 11.87% |
| 1Y Return | 26.55% | 31.17% |
| 3Y Return (Ann) | 6.11% | 10.05% |
| 5Y Return (Ann) | 11.17% | 15.09% |
| Sharpe Ratio | 1.64 | 2.61 |
| Daily Std Dev | 15.17% | 11.62% |
| Max Drawdown | -40.67% | -33.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FSMD and FXAIX is 0.84, 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. FXAIX - Performance Comparison
In the year-to-date period, FSMD achieves a 7.76% return, which is significantly lower than FXAIX's 11.87% 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. FXAIX - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FSMD vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.25%, less than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.25% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FSMD vs. FXAIX - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSMD and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. FXAIX - Volatility Comparison
Fidelity Small-Mid Multifactor ETF (FSMD) has a higher volatility of 3.66% compared to Fidelity 500 Index Fund (FXAIX) at 3.48%. This indicates that FSMD's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.