FSMD vs. LX
FSMD (Fidelity Small-Mid Multifactor ETF) is Small Cap Growth Equities fund tracking the Fidelity Small-Mid Multifactor Index, while LX (LexinFintech Holdings Ltd.) is a stock. Over the past 5 years, FSMD returned 10.00%/yr vs -25.08%/yr for LX. At a 0.32 correlation, their price movements are largely independent.
Performance
FSMD vs. LX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSMD achieves a 17.58% return, which is significantly higher than LX's -29.42% return.
FSMD
- 1D
- 1.00%
- 1M
- 6.31%
- YTD
- 17.58%
- 6M
- 15.58%
- 1Y
- 29.65%
- 3Y*
- 17.46%
- 5Y*
- 10.00%
- 10Y*
- —
LX
- 1D
- -1.85%
- 1M
- 8.72%
- YTD
- -29.42%
- 6M
- -29.21%
- 1Y
- -66.12%
- 3Y*
- 6.33%
- 5Y*
- -25.08%
- 10Y*
- —
FSMD vs. LX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 17.58% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
LX LexinFintech Holdings Ltd. | -29.42% | -40.97% | 242.61% | 6.40% | -50.78% | -42.39% | -51.76% | 15.37% |
Correlation
The correlation between FSMD and LX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSMD vs. LX — Risk / Return Rank
FSMD
LX
FSMD vs. LX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and LexinFintech Holdings Ltd. (LX). 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 | LX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.76 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.94 | +4.24 |
| Martin ratioReturn relative to average drawdown | 11.89 | -1.34 | +13.23 |
Loading charts...
Drawdowns
FSMD vs. LX - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum LX drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for FSMD and LX.
Loading charts...
Drawdown Indicators
| FSMD | LX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -93.19% | +52.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -72.18% | +63.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.16% | -81.04% | +58.88% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -90.23% | +68.07% |
Current DrawdownCurrent decline from peak | 0.00% | -84.89% | +84.89% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -63.34% | +57.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 50.31% | -47.97% |
Volatility
FSMD vs. LX - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 5.14%, while LexinFintech Holdings Ltd. (LX) has a volatility of 23.05%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than LX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSMD | LX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 23.05% | -17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 36.74% | -24.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 63.68% | -47.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 73.61% | -55.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 323.10% | -301.67% |
Dividends
FSMD vs. LX - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.18%, less than LX's 18.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.18% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% |
LX LexinFintech Holdings Ltd. | 18.02% | 9.30% | 2.38% | 11.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSMD and LX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (23.05%) compared to FSMD (5.14%). In terms of maximum drawdown, FSMD dropped -40.67% vs LX's -93.19%.
FSMD currently has the higher Sharpe Ratio (1.78 vs -1.06), 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.
Find the right allocation for FSMD and LX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer