Correlation
The correlation between FSOPX and FSMD is 0.83, 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.
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.
Performance
FSOPX vs. FSMD - Performance Comparison
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Key characteristics
FSOPX:
0.01
FSMD:
0.38
FSOPX:
0.16
FSMD:
0.67
FSOPX:
1.02
FSMD:
1.09
FSOPX:
-0.01
FSMD:
0.34
FSOPX:
-0.03
FSMD:
1.03
FSOPX:
9.72%
FSMD:
7.37%
FSOPX:
24.00%
FSMD:
21.32%
FSOPX:
-61.73%
FSMD:
-40.67%
FSOPX:
-14.45%
FSMD:
-9.18%
Returns By Period
In the year-to-date period, FSOPX achieves a -5.74% return, which is significantly lower than FSMD's -1.38% return.
FSOPX
-5.74%
4.47%
-14.03%
0.25%
8.97%
12.41%
8.47%
FSMD
-1.38%
5.23%
-8.83%
8.11%
9.10%
13.89%
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.
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Dividends
FSOPX vs. FSMD - Dividend Comparison
FSOPX's dividend yield for the trailing twelve months is around 9.98%, more than FSMD's 1.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSOPX Fidelity Series Small Cap Opportunities Fund | 9.98% | 9.41% | 0.98% | 5.16% | 30.85% | 2.01% | 6.67% | 14.62% | 11.15% | 0.69% | 5.93% | 5.42% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.37% | 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.
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Volatility
FSOPX vs. FSMD - Volatility Comparison
Fidelity Series Small Cap Opportunities Fund (FSOPX) has a higher volatility of 6.24% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 5.52%. 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.
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