OBSOX vs. FSMD
Compare and contrast key facts about Oberweis Small-Cap Opportunities Fund (OBSOX) and Fidelity Small-Mid Multifactor ETF (FSMD).
OBSOX is managed by Oberweis. It was launched on Sep 16, 1996. 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.
Performance
OBSOX vs. FSMD - Performance Comparison
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OBSOX vs. FSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OBSOX Oberweis Small-Cap Opportunities Fund | -0.48% | 14.28% | 16.13% | 15.81% | -11.17% | 43.39% | 32.52% | 4.85% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.72% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
Returns By Period
In the year-to-date period, OBSOX achieves a -0.48% return, which is significantly lower than FSMD's 1.72% return.
OBSOX
- 1D
- -3.30%
- 1M
- -8.84%
- YTD
- -0.48%
- 6M
- 3.09%
- 1Y
- 28.05%
- 3Y*
- 11.23%
- 5Y*
- 10.87%
- 10Y*
- 15.43%
FSMD
- 1D
- 3.04%
- 1M
- -4.67%
- YTD
- 1.72%
- 6M
- 2.29%
- 1Y
- 15.81%
- 3Y*
- 13.07%
- 5Y*
- 7.84%
- 10Y*
- —
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OBSOX vs. FSMD - Expense Ratio Comparison
OBSOX has a 1.25% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Return for Risk
OBSOX vs. FSMD — Risk / Return Rank
OBSOX
FSMD
OBSOX vs. FSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oberweis Small-Cap Opportunities Fund (OBSOX) 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.
| OBSOX | FSMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.79 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.26 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.33 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.39 | 5.61 | +0.78 |
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
| OBSOX | FSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.79 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.43 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.47 | -0.18 |
Correlation
The correlation between OBSOX and FSMD is 0.87, 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.
Dividends
OBSOX vs. FSMD - Dividend Comparison
OBSOX has not paid dividends to shareholders, while FSMD's dividend yield for the trailing twelve months is around 1.37%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBSOX Oberweis Small-Cap Opportunities Fund | 0.00% | 0.00% | 0.80% | 0.00% | 0.17% | 21.88% | 4.05% | 3.04% | 28.22% | 6.36% | 4.24% | 11.91% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.37% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OBSOX vs. FSMD - Drawdown Comparison
The maximum OBSOX drawdown since its inception was -80.52%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for OBSOX and FSMD.
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Drawdown Indicators
| OBSOX | FSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -40.67% | -39.85% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -12.63% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -28.65% | -22.16% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | — | — |
Current DrawdownCurrent decline from peak | -11.40% | -5.65% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -30.72% | -6.12% | -24.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.01% | +0.58% |
Volatility
OBSOX vs. FSMD - Volatility Comparison
Oberweis Small-Cap Opportunities Fund (OBSOX) has a higher volatility of 11.62% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 6.73%. This indicates that OBSOX'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
| OBSOX | FSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.62% | 6.73% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.42% | 11.32% | +8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.23% | 20.07% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.77% | 18.43% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.49% | 21.54% | +2.95% |