FZIPX vs. SMLF
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
FZIPX is managed by Fidelity. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZIPX or SMLF.
Correlation
The correlation between FZIPX and SMLF is 0.84, 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
FZIPX vs. SMLF - Performance Comparison
Key characteristics
FZIPX:
0.11
SMLF:
0.13
FZIPX:
0.31
SMLF:
0.36
FZIPX:
1.04
SMLF:
1.05
FZIPX:
0.10
SMLF:
0.12
FZIPX:
0.33
SMLF:
0.40
FZIPX:
7.31%
SMLF:
7.77%
FZIPX:
22.58%
SMLF:
23.59%
FZIPX:
-42.71%
SMLF:
-41.89%
FZIPX:
-16.44%
SMLF:
-17.69%
Returns By Period
In the year-to-date period, FZIPX achieves a -9.26% return, which is significantly higher than SMLF's -9.99% return.
FZIPX
-9.26%
-5.73%
-8.41%
0.99%
12.14%
N/A
SMLF
-9.99%
-6.29%
-8.00%
1.53%
15.68%
N/A
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FZIPX vs. SMLF - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than SMLF's 0.30% expense ratio.
Risk-Adjusted Performance
FZIPX vs. SMLF — Risk-Adjusted Performance Rank
FZIPX
SMLF
FZIPX vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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
FZIPX vs. SMLF - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.34%, less than SMLF's 1.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.34% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.48% | 1.33% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% |
Drawdowns
FZIPX vs. SMLF - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, roughly equal to the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for FZIPX and SMLF. For additional features, visit the drawdowns tool.
Volatility
FZIPX vs. SMLF - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF) have volatilities of 14.75% and 15.27%, 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.