MVALX vs. FSMD
Compare and contrast key facts about Meridian Contrarian Fund (MVALX) and Fidelity Small-Mid Multifactor ETF (FSMD).
MVALX is managed by Meridian. It was launched on Feb 10, 1994. FSMD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Small-Mid Multifactor Index. It was launched on Feb 26, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MVALX or FSMD.
Correlation
The correlation between MVALX and FSMD is 0.92, 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
MVALX vs. FSMD - Performance Comparison
Key characteristics
MVALX:
0.52
FSMD:
1.24
MVALX:
0.80
FSMD:
1.82
MVALX:
1.10
FSMD:
1.22
MVALX:
0.25
FSMD:
2.18
MVALX:
1.81
FSMD:
5.74
MVALX:
4.71%
FSMD:
3.43%
MVALX:
16.49%
FSMD:
15.91%
MVALX:
-62.36%
FSMD:
-40.67%
MVALX:
-25.55%
FSMD:
-5.07%
Returns By Period
In the year-to-date period, MVALX achieves a 2.53% return, which is significantly lower than FSMD's 3.08% return.
MVALX
2.53%
2.77%
7.47%
7.56%
2.73%
0.53%
FSMD
3.08%
2.66%
10.50%
18.41%
11.09%
N/A
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MVALX vs. FSMD - Expense Ratio Comparison
MVALX has a 1.12% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Risk-Adjusted Performance
MVALX vs. FSMD — Risk-Adjusted Performance Rank
MVALX
FSMD
MVALX vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Meridian Contrarian Fund (MVALX) 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.
Dividends
MVALX vs. FSMD - Dividend Comparison
MVALX's dividend yield for the trailing twelve months is around 0.48%, less than FSMD's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVALX Meridian Contrarian Fund | 0.48% | 0.49% | 0.46% | 0.00% | 0.00% | 2.25% | 0.89% | 1.58% | 0.01% | 0.03% | 0.07% | 0.22% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.25% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MVALX vs. FSMD - Drawdown Comparison
The maximum MVALX drawdown since its inception was -62.36%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for MVALX and FSMD. For additional features, visit the drawdowns tool.
Volatility
MVALX vs. FSMD - Volatility Comparison
Meridian Contrarian Fund (MVALX) has a higher volatility of 4.94% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 4.04%. This indicates that MVALX'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.