IMMR vs. FSMD
IMMR (Immersion Corporation) is a stock, while FSMD (Fidelity Small-Mid Multifactor ETF) is Small Cap Growth Equities fund tracking the Fidelity Small-Mid Multifactor Index. Over the past 5 years, IMMR returned -3.44%/yr vs 10.00%/yr for FSMD. At a 0.47 correlation, their price movements are largely independent.
Performance
IMMR vs. FSMD - Performance Comparison
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Returns By Period
In the year-to-date period, IMMR achieves a -1.57% return, which is significantly lower than FSMD's 17.58% return.
IMMR
- 1D
- -1.51%
- 1M
- 6.34%
- YTD
- -1.57%
- 6M
- -3.13%
- 1Y
- -11.15%
- 3Y*
- -2.27%
- 5Y*
- -3.44%
- 10Y*
- 1.36%
FSMD
- 1D
- 1.00%
- 1M
- 6.31%
- YTD
- 17.58%
- 6M
- 15.58%
- 1Y
- 29.65%
- 3Y*
- 17.46%
- 5Y*
- 10.00%
- 10Y*
- —
IMMR vs. FSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IMMR Immersion Corporation | -1.57% | -18.30% | 26.47% | 3.43% | 23.12% | -49.42% | 51.95% | -18.62% |
FSMD Fidelity Small-Mid Multifactor ETF | 17.58% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
Correlation
The correlation between IMMR and FSMD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.47 |
The correlation between IMMR and FSMD has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
IMMR vs. FSMD — Risk / Return Rank
IMMR
FSMD
IMMR vs. FSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Immersion Corporation (IMMR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMMR | FSMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.30 | -3.68 |
| Martin ratioReturn relative to average drawdown | -0.68 | 11.89 | -12.57 |
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Drawdowns
IMMR vs. FSMD - Drawdown Comparison
The maximum IMMR drawdown since its inception was -98.66%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for IMMR and FSMD.
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Drawdown Indicators
| IMMR | FSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.66% | -40.67% | -57.99% |
Max Drawdown (1Y)Largest decline over 1 year | -30.86% | -8.44% | -22.42% |
Max Drawdown (3Y)Largest decline over 3 years | -56.90% | -22.16% | -34.74% |
Max Drawdown (5Y)Largest decline over 5 years | -56.90% | -22.16% | -34.74% |
Max Drawdown (10Y)Largest decline over 10 years | -74.29% | — | — |
Current DrawdownCurrent decline from peak | -89.85% | 0.00% | -89.85% |
Average DrawdownAverage peak-to-trough decline | -88.20% | -5.98% | -82.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.89% | 2.34% | +14.55% |
Volatility
IMMR vs. FSMD - Volatility Comparison
Immersion Corporation (IMMR) has a higher volatility of 12.99% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 5.14%. This indicates that IMMR'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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Volatility by Period
| IMMR | FSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 5.14% | +7.85% |
Volatility (6M)Calculated over the trailing 6-month period | 27.57% | 11.85% | +15.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.99% | 15.69% | +24.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.85% | 18.55% | +27.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.32% | 21.43% | +29.89% |
Dividends
IMMR vs. FSMD - Dividend Comparison
IMMR's dividend yield for the trailing twelve months is around 3.67%, more than FSMD's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.18% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% |
IMMR Immersion Corporation | 3.67% | 5.59% | 2.06% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMMR and FSMD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMMR has higher volatility (12.99%) compared to FSMD (5.14%). In terms of maximum drawdown, IMMR dropped -98.66% vs FSMD's -40.67%.
FSMD currently has the higher Sharpe Ratio (1.78 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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