FSOPX vs. FSMD
Compare and contrast key facts about Fidelity Series Small Cap Opportunities Fund (FSOPX) and Fidelity Small-Mid Multifactor ETF (FSMD).
FSOPX is managed by Fidelity. It was launched on Mar 22, 2007. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSOPX or FSMD.
Correlation
The correlation between FSOPX and FSMD 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.
Performance
FSOPX vs. FSMD - Performance Comparison
Key characteristics
FSOPX:
-0.44
FSMD:
0.14
FSOPX:
-0.49
FSMD:
0.36
FSOPX:
0.94
FSMD:
1.05
FSOPX:
-0.29
FSMD:
0.13
FSOPX:
-1.20
FSMD:
0.48
FSOPX:
8.59%
FSMD:
6.29%
FSOPX:
23.49%
FSMD:
20.66%
FSOPX:
-61.73%
FSMD:
-40.67%
FSOPX:
-30.46%
FSMD:
-16.90%
Returns By Period
In the year-to-date period, FSOPX achieves a -13.81% return, which is significantly lower than FSMD's -9.77% return.
FSOPX
-13.81%
-6.59%
-18.92%
-9.40%
4.34%
0.61%
FSMD
-9.77%
-4.94%
-11.75%
3.96%
14.50%
N/A
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FSOPX vs. FSMD - Expense Ratio Comparison
FSOPX has a 0.00% expense ratio, which is lower than FSMD's 0.29% expense ratio.
Risk-Adjusted Performance
FSOPX vs. FSMD — Risk-Adjusted Performance Rank
FSOPX
FSMD
FSOPX vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Small Cap Opportunities Fund (FSOPX) and Fidelity Small-Mid Multifactor ETF (FSMD). 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
FSOPX vs. FSMD - Dividend Comparison
FSOPX's dividend yield for the trailing twelve months is around 2.55%, more than FSMD's 1.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSOPX Fidelity Series Small Cap Opportunities Fund | 2.55% | 2.20% | 0.98% | 1.17% | 0.82% | 0.85% | 1.16% | 1.23% | 0.83% | 0.47% | 6.15% | 5.74% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.49% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSOPX vs. FSMD - Drawdown Comparison
The maximum FSOPX drawdown since its inception was -61.73%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for FSOPX and FSMD. For additional features, visit the drawdowns tool.
Volatility
FSOPX vs. FSMD - Volatility Comparison
Fidelity Series Small Cap Opportunities Fund (FSOPX) and Fidelity Small-Mid Multifactor ETF (FSMD) have volatilities of 14.03% and 13.45%, 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.