FSMD vs. VOO
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard S&P 500 ETF (VOO).
FSMD and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FSMD and VOO 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 VOO.
Key characteristics
| FSMD | VOO | |
|---|---|---|
| YTD Return | 6.90% | 10.48% |
| 1Y Return | 23.93% | 28.69% |
| 3Y Return (Ann) | 5.84% | 9.60% |
| 5Y Return (Ann) | 10.79% | 14.65% |
| Sharpe Ratio | 1.65 | 2.52 |
| Daily Std Dev | 15.17% | 11.57% |
| Max Drawdown | -40.67% | -33.99% |
| Current Drawdown | -0.67% | -0.06% |
Correlation
The correlation between FSMD and VOO is 0.84, 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. VOO - Performance Comparison
In the year-to-date period, FSMD achieves a 6.90% return, which is significantly lower than VOO's 10.48% 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. VOO - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FSMD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.26%, less than VOO's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.33% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FSMD vs. VOO - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSMD and VOO. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. VOO - Volatility Comparison
Fidelity Small-Mid Multifactor ETF (FSMD) has a higher volatility of 3.66% compared to Vanguard S&P 500 ETF (VOO) at 3.36%. This indicates that FSMD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.