FSMD vs. IMMR
FSMD (Fidelity Small-Mid Multifactor ETF) is Small Cap Blend Equities fund tracking the Fidelity Small-Mid Multifactor Index, while IMMR (Immersion Corporation) is a stock. Over the past 5 years, FSMD returned 10.07%/yr vs -1.45%/yr for IMMR. At a 0.46 correlation, their price movements are largely independent.
Performance
FSMD vs. IMMR - Performance Comparison
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Returns By Period
In the year-to-date period, FSMD achieves a 15.30% return, which is significantly higher than IMMR's -2.12% return.
FSMD
- 1D
- -0.47%
- 1M
- -2.04%
- 6M
- 9.94%
- YTD
- 15.30%
- 1Y
- 22.01%
- 3Y*
- 15.26%
- 5Y*
- 10.07%
- 10Y*
- —
- ALL TIME*
- 11.63%
IMMR
- 1D
- -2.06%
- 1M
- -2.64%
- 6M
- 1.39%
- YTD
- -2.12%
- 1Y
- -14.13%
- 3Y*
- 1.05%
- 5Y*
- -1.45%
- 10Y*
- -0.41%
- ALL TIME*
- -3.17%
FSMD vs. IMMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 15.30% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
IMMR Immersion Corporation | -2.12% | -18.30% | 26.47% | 3.43% | 23.12% | -49.42% | 51.95% | -18.62% |
Correlation
The correlation between FSMD and IMMR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.46 |
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Return for Risk
FSMD vs. IMMR — Risk / Return Rank
FSMD
IMMR
FSMD vs. IMMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Immersion Corporation (IMMR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSMD | IMMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.97 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | -0.56 | +3.18 |
| Martin ratioReturn relative to average drawdown | 9.08 | -1.22 | +10.30 |
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Drawdowns
FSMD vs. IMMR - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum IMMR drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for FSMD and IMMR.
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Drawdown Indicators
| FSMD | IMMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -98.66% | +57.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -25.48% | +17.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.16% | -56.90% | +34.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -56.90% | +34.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.29% | — |
Current DrawdownCurrent decline from peak | -4.41% | -89.91% | +85.50% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -88.21% | +82.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 15.11% | -12.68% |
Volatility
FSMD vs. IMMR - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 4.36%, while Immersion Corporation (IMMR) has a volatility of 11.39%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than IMMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMD | IMMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 11.39% | -7.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 27.95% | -15.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 40.69% | -24.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 45.82% | -27.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.35% | 50.93% | -29.58% |
Dividends
FSMD vs. IMMR - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.26%, less than IMMR's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.26% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% |
IMMR Immersion Corporation | 4.90% | 5.59% | 2.06% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSMD and IMMR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMMR has higher volatility (11.39%) compared to FSMD (4.36%). In terms of maximum drawdown, FSMD dropped -40.67% vs IMMR's -98.66%.
FSMD currently has the higher Sharpe Ratio (1.41 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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