FSMD vs. MPTI
FSMD (Fidelity Small-Mid Multifactor ETF) is Small Cap Growth Equities fund tracking the Fidelity Small-Mid Multifactor Index, while MPTI (M-tron Industries Inc) is a stock. Over the past 3 years, FSMD returned 17.46%/yr vs 117.03%/yr for MPTI. At a 0.25 correlation, their price movements are largely independent.
Performance
FSMD vs. MPTI - Performance Comparison
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Returns By Period
In the year-to-date period, FSMD achieves a 17.58% return, which is significantly lower than MPTI's 85.29% return.
FSMD
- 1D
- 1.00%
- 1M
- 6.31%
- YTD
- 17.58%
- 6M
- 15.58%
- 1Y
- 29.65%
- 3Y*
- 17.46%
- 5Y*
- 10.00%
- 10Y*
- —
MPTI
- 1D
- 2.35%
- 1M
- 24.19%
- YTD
- 85.29%
- 6M
- 82.95%
- 1Y
- 117.54%
- 3Y*
- 117.03%
- 5Y*
- —
- 10Y*
- —
FSMD vs. MPTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 17.58% | 8.70% | 15.18% | 17.37% | 9.53% |
MPTI M-tron Industries Inc | 85.29% | 31.87% | 35.66% | 308.00% | 9.37% |
Correlation
The correlation between FSMD and MPTI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022 | 0.25 |
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Return for Risk
FSMD vs. MPTI — Risk / Return Rank
FSMD
MPTI
FSMD vs. MPTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and M-tron Industries Inc (MPTI). 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 | MPTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 4.97 | -1.66 |
| Martin ratioReturn relative to average drawdown | 11.89 | 12.96 | -1.07 |
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Drawdowns
FSMD vs. MPTI - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum MPTI drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for FSMD and MPTI.
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Drawdown Indicators
| FSMD | MPTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -49.99% | +9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -23.16% | +14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -22.16% | -49.99% | +27.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -18.76% | +12.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 8.85% | -6.51% |
Volatility
FSMD vs. MPTI - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 5.14%, while M-tron Industries Inc (MPTI) has a volatility of 10.93%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than MPTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMD | MPTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 10.93% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 39.83% | -27.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 55.21% | -39.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 77.77% | -59.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 77.77% | -56.34% |
Dividends
FSMD vs. MPTI - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.18%, while MPTI has not paid dividends to shareholders.
| 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% |
MPTI M-tron Industries Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSMD and MPTI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPTI has higher volatility (10.93%) compared to FSMD (5.14%). In terms of maximum drawdown, FSMD dropped -40.67% vs MPTI's -49.99%.
MPTI currently has the higher Sharpe Ratio (2.08 vs 1.78), 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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