FSMD vs. VITL
FSMD (Fidelity Small-Mid Multifactor ETF) is Small Cap Growth Equities fund tracking the Fidelity Small-Mid Multifactor Index, while VITL (Vital Farms, Inc.) is a stock. Over the past 5 years, FSMD returned 10.00%/yr vs -13.31%/yr for VITL. At a 0.30 correlation, their price movements are largely independent.
Performance
FSMD vs. VITL - Performance Comparison
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Returns By Period
In the year-to-date period, FSMD achieves a 17.58% return, which is significantly higher than VITL's -66.81% return.
FSMD
- 1D
- 1.00%
- 1M
- 6.31%
- YTD
- 17.58%
- 6M
- 15.58%
- 1Y
- 29.65%
- 3Y*
- 17.46%
- 5Y*
- 10.00%
- 10Y*
- —
VITL
- 1D
- -3.64%
- 1M
- 25.00%
- YTD
- -66.81%
- 6M
- -69.10%
- 1Y
- -66.51%
- 3Y*
- -8.37%
- 5Y*
- -13.31%
- 10Y*
- —
FSMD vs. VITL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 17.58% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 20.50% |
VITL Vital Farms, Inc. | -66.81% | -15.26% | 140.22% | 5.16% | -17.39% | -28.64% | -27.69% |
Correlation
The correlation between FSMD and VITL is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.30 |
The correlation between FSMD and VITL shifts across timeframes, from 0.13 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSMD vs. VITL — Risk / Return Rank
FSMD
VITL
FSMD vs. VITL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Vital Farms, Inc. (VITL). 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 | VITL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.76 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.80 | +4.10 |
| Martin ratioReturn relative to average drawdown | 11.89 | -1.39 | +13.28 |
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Drawdowns
FSMD vs. VITL - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum VITL drawdown of -84.20%. Use the drawdown chart below to compare losses from any high point for FSMD and VITL.
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Drawdown Indicators
| FSMD | VITL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -84.20% | +43.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -84.20% | +75.76% |
Max Drawdown (3Y)Largest decline over 3 years | -22.16% | -84.20% | +62.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -84.20% | +62.04% |
Current DrawdownCurrent decline from peak | 0.00% | -79.77% | +79.77% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -47.34% | +41.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 48.17% | -45.83% |
Volatility
FSMD vs. VITL - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 5.14%, while Vital Farms, Inc. (VITL) has a volatility of 17.37%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than VITL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMD | VITL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 17.37% | -12.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 48.28% | -36.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 61.63% | -45.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 54.16% | -35.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 53.73% | -32.30% |
Dividends
FSMD vs. VITL - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.18%, while VITL 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% |
VITL Vital Farms, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSMD and VITL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VITL has higher volatility (17.37%) compared to FSMD (5.14%). In terms of maximum drawdown, FSMD dropped -40.67% vs VITL's -84.20%.
FSMD currently has the higher Sharpe Ratio (1.78 vs -1.09), 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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