JKJ vs. FSMAX
Compare and contrast key facts about iShares Morningstar Small-Cap ETF (JKJ) and Fidelity Extended Market Index Fund (FSMAX).
JKJ is a passively managed fund by iShares that tracks the performance of the Morningstar Small Core Index. It was launched on Jun 28, 2004. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JKJ or FSMAX.
Key characteristics
| JKJ | FSMAX | |
|---|---|---|
| YTD Return | 3.33% | 5.83% |
| 1Y Return | 18.27% | 26.15% |
| 3Y Return (Ann) | -1.18% | 0.54% |
| 5Y Return (Ann) | -19.64% | 9.78% |
| 10Y Return (Ann) | -7.17% | 9.48% |
| Sharpe Ratio | 1.18 | 1.56 |
| Daily Std Dev | 18.37% | 17.59% |
| Max Drawdown | -82.01% | -41.67% |
| Current Drawdown | -76.59% | -10.33% |
Correlation
The correlation between JKJ and FSMAX is 0.93, 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
JKJ vs. FSMAX - Performance Comparison
In the year-to-date period, JKJ achieves a 3.33% return, which is significantly lower than FSMAX's 5.83% return. Over the past 10 years, JKJ has underperformed FSMAX with an annualized return of -7.17%, while FSMAX has yielded a comparatively higher 9.48% annualized 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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JKJ vs. FSMAX - Expense Ratio Comparison
JKJ has a 0.25% expense ratio, which is higher than FSMAX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JKJ vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small-Cap ETF (JKJ) and Fidelity Extended Market Index Fund (FSMAX). 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
JKJ vs. FSMAX - Dividend Comparison
JKJ's dividend yield for the trailing twelve months is around 1.37%, more than FSMAX's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JKJ iShares Morningstar Small-Cap ETF | 1.37% | 1.49% | 0.64% | 0.45% | 1.26% | 0.25% | 0.46% | 0.31% | 0.67% | 0.65% | 0.81% | 0.19% |
FSMAX Fidelity Extended Market Index Fund | 1.00% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.61% | 4.85% | 6.58% | 5.43% | 4.09% |
Drawdowns
JKJ vs. FSMAX - Drawdown Comparison
The maximum JKJ drawdown since its inception was -82.01%, which is greater than FSMAX's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for JKJ and FSMAX. For additional features, visit the drawdowns tool.
Volatility
JKJ vs. FSMAX - Volatility Comparison
iShares Morningstar Small-Cap ETF (JKJ) and Fidelity Extended Market Index Fund (FSMAX) have volatilities of 3.94% and 4.13%, 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.