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.
Key characteristics
| FSOPX | FSMD | |
|---|---|---|
| YTD Return | 26.97% | 23.76% |
| 1Y Return | 49.80% | 41.46% |
| 3Y Return (Ann) | 6.64% | 8.37% |
| 5Y Return (Ann) | 13.64% | 13.00% |
| Sharpe Ratio | 2.65 | 2.65 |
| Sortino Ratio | 3.63 | 3.73 |
| Omega Ratio | 1.45 | 1.47 |
| Calmar Ratio | 2.56 | 4.12 |
| Martin Ratio | 17.01 | 16.95 |
| Ulcer Index | 3.02% | 2.55% |
| Daily Std Dev | 19.40% | 16.29% |
| Max Drawdown | -61.73% | -40.67% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FSOPX and FSMD is 0.96, 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
In the year-to-date period, FSOPX achieves a 26.97% return, which is significantly higher than FSMD's 23.76% 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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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 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 1.83%, more than FSMD's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSOPX Fidelity Series Small Cap Opportunities Fund | 1.83% | 0.98% | 1.17% | 0.82% | 0.85% | 1.16% | 1.23% | 0.83% | 0.47% | 6.15% | 5.74% | 10.27% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.16% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 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) has a higher volatility of 6.31% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 5.73%. This indicates that FSOPX's price experiences larger fluctuations and is considered to be riskier than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.