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 0.98, 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:
-0.25
SMLF:
-0.17
FZIPX:
-0.22
SMLF:
-0.10
FZIPX:
0.97
SMLF:
0.99
FZIPX:
-0.26
SMLF:
-0.17
FZIPX:
-0.86
SMLF:
-0.58
FZIPX:
5.63%
SMLF:
5.95%
FZIPX:
19.08%
SMLF:
20.01%
FZIPX:
-42.71%
SMLF:
-41.89%
FZIPX:
-18.47%
SMLF:
-19.77%
Returns By Period
In the year-to-date period, FZIPX achieves a -11.46% return, which is significantly higher than SMLF's -12.26% return.
FZIPX
-11.46%
-7.16%
-9.17%
-5.29%
15.21%
N/A
SMLF
-12.26%
-7.76%
-8.91%
-4.00%
18.16%
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 1.38%, less than SMLF's 1.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.38% | 1.22% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.52% | 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
The current volatility for Fidelity ZERO Extended Market Index Fund (FZIPX) is 9.43%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 10.26%. This indicates that FZIPX experiences smaller price fluctuations and is considered to be less risky than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.