PVIVX vs. FESM
Compare and contrast key facts about Paradigm Micro-cap Fund (PVIVX) and Fidelity Enhanced Small Cap ETF (FESM).
PVIVX is managed by Paradigm Funds. It was launched on Dec 31, 2007. FESM is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PVIVX or FESM.
Key characteristics
| PVIVX | FESM | |
|---|---|---|
| YTD Return | 14.47% | 24.77% |
| Daily Std Dev | 22.88% | 20.30% |
| Max Drawdown | -54.12% | -9.60% |
| Current Drawdown | -2.89% | -1.77% |
Correlation
The correlation between PVIVX and FESM is 0.91, 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
PVIVX vs. FESM - Performance Comparison
In the year-to-date period, PVIVX achieves a 14.47% return, which is significantly lower than FESM's 24.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PVIVX vs. FESM - Expense Ratio Comparison
PVIVX has a 1.25% expense ratio, which is higher than FESM's 0.28% expense ratio.
Risk-Adjusted Performance
PVIVX vs. FESM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paradigm Micro-cap Fund (PVIVX) and Fidelity Enhanced Small Cap ETF (FESM). 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.
Not enough dataDividends
PVIVX vs. FESM - Dividend Comparison
PVIVX has not paid dividends to shareholders, while FESM's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | |
|---|---|---|
PVIVX Paradigm Micro-cap Fund | 0.00% | 0.00% |
FESM Fidelity Enhanced Small Cap ETF | 0.60% | 0.06% |
Drawdowns
PVIVX vs. FESM - Drawdown Comparison
The maximum PVIVX drawdown since its inception was -54.12%, which is greater than FESM's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for PVIVX and FESM. For additional features, visit the drawdowns tool.
Volatility
PVIVX vs. FESM - Volatility Comparison
The current volatility for Paradigm Micro-cap Fund (PVIVX) is 6.78%, while Fidelity Enhanced Small Cap ETF (FESM) has a volatility of 7.14%. This indicates that PVIVX experiences smaller price fluctuations and is considered to be less risky than FESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.