MPTI vs. FSMD
MPTI (M-tron Industries Inc) 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 3 years, MPTI returned 105.68%/yr vs 17.63%/yr for FSMD. At a 0.25 correlation, their price movements are largely independent.
Performance
MPTI vs. FSMD - Performance Comparison
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Returns By Period
In the year-to-date period, MPTI achieves a 70.86% return, which is significantly higher than FSMD's 14.85% return.
MPTI
- 1D
- -0.71%
- 1M
- 27.91%
- YTD
- 70.86%
- 6M
- 72.67%
- 1Y
- 98.54%
- 3Y*
- 105.68%
- 5Y*
- —
- 10Y*
- —
FSMD
- 1D
- -0.08%
- 1M
- 3.46%
- YTD
- 14.85%
- 6M
- 14.81%
- 1Y
- 25.71%
- 3Y*
- 17.63%
- 5Y*
- 9.66%
- 10Y*
- —
MPTI vs. FSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MPTI M-tron Industries Inc | 70.86% | 31.87% | 35.66% | 308.00% | -33.21% |
FSMD Fidelity Small-Mid Multifactor ETF | 14.85% | 8.70% | 15.18% | 17.37% | 6.60% |
Correlation
The correlation between MPTI and FSMD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2022 | 0.25 |
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Return for Risk
MPTI vs. FSMD — Risk / Return Rank
MPTI
FSMD
MPTI vs. FSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for M-tron Industries Inc (MPTI) 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.
| MPTI | FSMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 3.06 | +1.22 |
| Martin ratioReturn relative to average drawdown | 11.16 | 11.03 | +0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MPTI | FSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.69 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.55 | +0.57 |
Drawdowns
MPTI vs. FSMD - Drawdown Comparison
The maximum MPTI drawdown since its inception was -49.99%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for MPTI and FSMD.
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Drawdown Indicators
| MPTI | FSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.99% | -40.67% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -23.16% | -8.44% | -14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -49.99% | -22.16% | -27.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.16% | — |
Current DrawdownCurrent decline from peak | -1.16% | -0.08% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -18.92% | -6.00% | -12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.86% | 2.34% | +6.52% |
Volatility
MPTI vs. FSMD - Volatility Comparison
M-tron Industries Inc (MPTI) has a higher volatility of 14.15% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 4.45%. This indicates that MPTI'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
| MPTI | FSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 4.45% | +9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 39.89% | 11.37% | +28.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 15.26% | +39.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 18.48% | +52.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 21.42% | +49.18% |
Dividends
MPTI vs. FSMD - Dividend Comparison
MPTI has not paid dividends to shareholders, while FSMD's dividend yield for the trailing twelve months is around 1.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.21% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% |
MPTI M-tron Industries Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MPTI and FSMD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPTI has higher volatility (14.15%) compared to FSMD (4.45%). In terms of maximum drawdown, MPTI dropped -49.99% vs FSMD's -40.67%.
MPTI currently has the higher Sharpe Ratio (1.80 vs 1.69), 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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