FSMD vs. SMLF
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
FSMD and SMLF 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. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015. Both FSMD and SMLF 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 SMLF.
Key characteristics
| FSMD | SMLF | |
|---|---|---|
| YTD Return | 6.90% | 7.52% |
| 1Y Return | 23.93% | 28.14% |
| 3Y Return (Ann) | 5.84% | 6.70% |
| 5Y Return (Ann) | 10.79% | 10.88% |
| Sharpe Ratio | 1.65 | 1.66 |
| Daily Std Dev | 15.17% | 17.88% |
| Max Drawdown | -40.67% | -41.89% |
| Current Drawdown | -0.67% | -0.80% |
Correlation
The correlation between FSMD and SMLF is 0.96, 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. SMLF - Performance Comparison
In the year-to-date period, FSMD achieves a 6.90% return, which is significantly lower than SMLF's 7.52% 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. SMLF - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is lower than SMLF's 0.30% expense ratio.
Risk-Adjusted Performance
FSMD vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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. SMLF - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.26%, more than SMLF's 1.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.26% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.05% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% |
Drawdowns
FSMD vs. SMLF - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, roughly equal to the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for FSMD and SMLF. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. SMLF - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 3.66%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 4.14%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.