FSMD vs. VWO
Compare and contrast key facts about Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard FTSE Emerging Markets ETF (VWO).
FSMD and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both FSMD and VWO 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 VWO.
Key characteristics
| FSMD | VWO | |
|---|---|---|
| YTD Return | 7.04% | 9.32% |
| 1Y Return | 22.86% | 16.59% |
| 3Y Return (Ann) | 6.38% | -1.90% |
| 5Y Return (Ann) | 11.00% | 5.54% |
| Sharpe Ratio | 1.58 | 1.15 |
| Daily Std Dev | 15.05% | 13.81% |
| Max Drawdown | -40.67% | -67.68% |
| Current Drawdown | -0.67% | -12.00% |
Correlation
The correlation between FSMD and VWO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSMD vs. VWO - Performance Comparison
In the year-to-date period, FSMD achieves a 7.04% return, which is significantly lower than VWO's 9.32% 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. VWO - Expense Ratio Comparison
FSMD has a 0.29% expense ratio, which is higher than VWO's 0.08% expense ratio.
Risk-Adjusted Performance
FSMD vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
FSMD's dividend yield for the trailing twelve months is around 1.26%, less than VWO's 3.25% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 3.25% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
FSMD vs. VWO - Drawdown Comparison
The maximum FSMD drawdown since its inception was -40.67%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FSMD and VWO. For additional features, visit the drawdowns tool.
Volatility
FSMD vs. VWO - Volatility Comparison
Fidelity Small-Mid Multifactor ETF (FSMD) and Vanguard FTSE Emerging Markets ETF (VWO) have volatilities of 3.58% and 3.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.