FSMD vs. VTSIX
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX).
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. VTSIX is managed by Blackrock. It was launched on Apr 21, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMD or VTSIX.
Performance
FSMD vs. VTSIX - Performance Comparison
Returns By Period
In the year-to-date period, FSMD achieves a 19.27% return, which is significantly higher than VTSIX's 12.64% return.
FSMD
19.27%
1.37%
11.31%
31.33%
12.02%
N/A
VTSIX
12.64%
2.10%
10.28%
27.05%
10.26%
9.68%
Key characteristics
| FSMD | VTSIX | |
|---|---|---|
| Sharpe Ratio | 2.04 | 1.42 |
| Sortino Ratio | 2.90 | 2.13 |
| Omega Ratio | 1.36 | 1.25 |
| Calmar Ratio | 4.43 | 1.59 |
| Martin Ratio | 12.59 | 8.11 |
| Ulcer Index | 2.58% | 3.51% |
| Daily Std Dev | 15.94% | 20.04% |
| Max Drawdown | -40.67% | -57.82% |
| Current Drawdown | -3.63% | -4.45% |
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FSMD vs. VTSIX - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is higher than VTSIX's 0.06% expense ratio.
Correlation
The correlation between FSMD and VTSIX is 0.95, 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. VTSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX). 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. VTSIX - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.20%, less than VTSIX's 1.52% 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% |
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.52% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% | 1.03% | 0.95% |
Drawdowns
FSMD vs. VTSIX - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum VTSIX drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for FSMD and VTSIX. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. VTSIX - Volatility Comparison
The current volatility for Fidelity Small-Mid Multifactor ETF (FSMD) is 6.15%, while Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a volatility of 7.75%. This indicates that FSMD experiences smaller price fluctuations and is considered to be less risky than VTSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.