FSMD vs. RWJ
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
FSMD and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both FSMD and RWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMD or RWJ.
Performance
FSMD vs. RWJ - Performance Comparison
Returns By Period
In the year-to-date period, FSMD achieves a 19.89% return, which is significantly higher than RWJ's 13.74% return.
FSMD
19.89%
3.22%
12.88%
32.17%
12.23%
N/A
RWJ
13.74%
2.62%
12.78%
29.27%
18.03%
10.89%
Key characteristics
| FSMD | RWJ | |
|---|---|---|
| Sharpe Ratio | 1.98 | 1.28 |
| Sortino Ratio | 2.83 | 1.96 |
| Omega Ratio | 1.35 | 1.23 |
| Calmar Ratio | 4.31 | 2.00 |
| Martin Ratio | 12.17 | 6.94 |
| Ulcer Index | 2.59% | 4.01% |
| Daily Std Dev | 15.91% | 21.77% |
| Max Drawdown | -40.67% | -55.97% |
| Current Drawdown | -3.13% | -4.21% |
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FSMD vs. RWJ - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is lower than RWJ's 0.39% expense ratio.
Correlation
The correlation between FSMD and RWJ is 0.88, 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. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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. RWJ - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.20%, less than RWJ's 1.24% 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% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.24% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 0.74% | 0.57% | 1.27% |
Drawdowns
FSMD vs. RWJ - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for FSMD and RWJ. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. RWJ - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 5.94%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 7.55%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.