JKK vs. FSMAX
Compare and contrast key facts about iShares Morningstar Small-Cap Growth ETF (JKK) and Fidelity Extended Market Index Fund (FSMAX).
JKK is a passively managed fund by iShares that tracks the performance of the Morningstar Small Growth Index. It was launched on Jul 7, 2004. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JKK or FSMAX.
Correlation
The correlation between JKK 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
JKK vs. FSMAX - Performance Comparison
Key characteristics
JKK:
0.74
FSMAX:
1.06
JKK:
1.15
FSMAX:
1.55
JKK:
1.14
FSMAX:
1.19
JKK:
0.15
FSMAX:
1.09
JKK:
3.30
FSMAX:
4.99
JKK:
4.01%
FSMAX:
3.72%
JKK:
17.83%
FSMAX:
17.49%
JKK:
-90.33%
FSMAX:
-41.67%
JKK:
-85.29%
FSMAX:
-4.73%
Returns By Period
In the year-to-date period, JKK achieves a 3.76% return, which is significantly higher than FSMAX's 3.51% return. Over the past 10 years, JKK has underperformed FSMAX with an annualized return of -9.43%, while FSMAX has yielded a comparatively higher 6.47% annualized return.
JKK
3.76%
-1.40%
9.03%
16.53%
-25.53%
-9.43%
FSMAX
3.51%
-2.10%
12.91%
20.63%
7.88%
6.47%
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JKK vs. FSMAX - Expense Ratio Comparison
JKK has a 0.30% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Risk-Adjusted Performance
JKK vs. FSMAX — Risk-Adjusted Performance Rank
JKK
FSMAX
JKK vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small-Cap Growth ETF (JKK) 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
JKK vs. FSMAX - Dividend Comparison
JKK's dividend yield for the trailing twelve months is around 0.81%, more than FSMAX's 0.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JKK iShares Morningstar Small-Cap Growth ETF | 0.81% | 0.84% | 0.41% | 0.45% | 0.21% | 0.10% | 0.00% | 0.04% | 0.15% | 0.23% | 0.13% | 0.36% |
FSMAX Fidelity Extended Market Index Fund | 0.47% | 0.48% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% |
Drawdowns
JKK vs. FSMAX - Drawdown Comparison
The maximum JKK drawdown since its inception was -90.33%, which is greater than FSMAX's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for JKK and FSMAX. For additional features, visit the drawdowns tool.
Volatility
JKK vs. FSMAX - Volatility Comparison
iShares Morningstar Small-Cap Growth ETF (JKK) and Fidelity Extended Market Index Fund (FSMAX) have volatilities of 3.64% and 3.70%, 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.