PVIVX vs. FDFF

Last updated Aug 4, 2026

PVIVX (Paradigm Micro-cap Fund) and FDFF (Fidelity Disruptive Finance ETF) are both funds - PVIVX is a Small Cap Blend Equities fund managed by Paradigm Funds, while FDFF is a Financials Equities fund actively managed by Fidelity. Over the past 3 years, PVIVX returned 13.23%/yr vs 11.88%/yr for FDFF. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PVIVX charges 1.25%/yr vs 0.50%/yr for FDFF.

Performance

PVIVX vs. FDFF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paradigm Micro-cap Fund (PVIVX) and Fidelity Disruptive Finance ETF (FDFF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVIVX achieves a 34.02% return, which is significantly higher than FDFF's 2.08% return.

PVIVX

• 1D: 0.28%
• 1M: -2.21%
• 6M: 25.59%
• YTD: 34.02%
• 1Y: 47.53%
• 3Y*: 13.23%
• 5Y*: 7.27%
• 10Y*: 14.28%
• ALL TIME*: 10.40%

FDFF

• 1D: 1.66%
• 1M: 5.14%
• 6M: 3.96%
• YTD: 2.08%
• 1Y: -1.80%
• 3Y*: 11.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDFF Fidelity Disruptive Finance ETF	$136.84K	$154.95K	$132.20K
PVIVX Paradigm Micro-cap Fund	$0.00	$0.00	$0.00

PVIVX vs. FDFF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PVIVX Paradigm Micro-cap Fund	34.02%	-4.81%	13.48%	5.63%
FDFF Fidelity Disruptive Finance ETF	2.08%	-2.75%	27.86%	16.58%

Correlation

The correlation between PVIVX and FDFF is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023	0.65

The correlation between PVIVX and FDFF has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Return for Risk

PVIVX vs. FDFF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PVIVX

PVIVX Risk / Return Rank: 70
PVIVX Sharpe Ratio Rank: 69
PVIVX Sortino Ratio Rank: 66
PVIVX Omega Ratio Rank: 57
PVIVX Calmar Ratio Rank: 84
PVIVX Martin Ratio Rank: 72

FDFF

FDFF Risk / Return Rank: 9
FDFF Sharpe Ratio Rank: 9
FDFF Sortino Ratio Rank: 9
FDFF Omega Ratio Rank: 9
FDFF Calmar Ratio Rank: 10
FDFF Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PVIVX vs. FDFF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paradigm Micro-cap Fund (PVIVX) and Fidelity Disruptive Finance ETF (FDFF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PVIVX	FDFF	Difference
Sharpe ratio: Return per unit of total volatility	1.69	-0.10	+1.79
Sortino ratio: Return per unit of downside risk	2.38	-0.01	+2.38
Omega ratio: Gain probability vs. loss probability	1.29	1.00	+0.29
Calmar ratio: Return relative to maximum drawdown	2.97	-0.09	+3.06
Martin ratio: Return relative to average drawdown	9.42	-0.18	+9.60

PVIVX vs. FDFF - Sharpe Ratio Comparison

The current PVIVX Sharpe Ratio is 1.69, which is higher than the FDFF Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of PVIVX and FDFF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PVIVX vs. FDFF - Drawdown Comparison

The maximum PVIVX drawdown since its inception was -95.67%, which is greater than FDFF's maximum drawdown of -23.06%. Use the drawdown chart below to compare losses from any high point for PVIVX and FDFF.

Drawdown Indicators

	PVIVX	FDFF	Difference
Max Drawdown Largest peak-to-trough decline	-95.67%	-23.06%	-72.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.84%	-20.60%	+5.76%
Max Drawdown (3Y) Largest decline over 3 years	-95.67%	-23.06%	-72.61%
Max Drawdown (5Y) Largest decline over 5 years	-95.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.67%	—	—
Current Drawdown Current decline from peak	-92.65%	-7.30%	-85.35%
Average Drawdown Average peak-to-trough decline	-17.55%	-6.66%	-10.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	10.26%	-5.59%

Volatility

PVIVX vs. FDFF - Volatility Comparison

Paradigm Micro-cap Fund (PVIVX) has a higher volatility of 7.46% compared to Fidelity Disruptive Finance ETF (FDFF) at 4.86%. This indicates that PVIVX's price experiences larger fluctuations and is considered to be riskier than FDFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVIVX	FDFF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	4.86%	+2.60%
Volatility (6M) Calculated over the trailing 6-month period	19.40%	14.88%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	26.09%	18.62%	+7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	887.36%	18.95%	+868.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	627.66%	18.95%	+608.71%

PVIVX vs. FDFF - Expense Ratio Comparison

PVIVX has a 1.25% expense ratio, which is higher than FDFF's 0.50% expense ratio.

Dividends

PVIVX vs. FDFF - Dividend Comparison

PVIVX's dividend yield for the trailing twelve months is around 11.89%, more than FDFF's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFF Fidelity Disruptive Finance ETF	0.97%	0.86%	0.70%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PVIVX Paradigm Micro-cap Fund	11.89%	15.93%	6.40%	0.00%	0.00%	1.11%	5.25%	0.01%	14.09%	6.88%	3.61%	1.32%

Frequently Asked Questions

Can I hold both PVIVX and FDFF in my portfolio?

PVIVX and FDFF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVIVX or FDFF?

PVIVX has higher volatility (7.46%) compared to FDFF (4.86%). In terms of maximum drawdown, PVIVX dropped -95.67% vs FDFF's -23.06%.

Which has better risk-adjusted returns?

PVIVX currently has the higher Sharpe Ratio (1.69 vs -0.10), 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.