RDVT vs. FSMD

Last updated Jun 6, 2026

RDVT (Red Violet, 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 5 years, RDVT returned 19.25%/yr vs 9.33%/yr for FSMD. At a 0.39 correlation, their price movements are largely independent.

Performance

RDVT vs. FSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Violet, Inc. (RDVT) and Fidelity Small-Mid Multifactor ETF (FSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDVT achieves a -7.01% return, which is significantly lower than FSMD's 13.14% return.

RDVT

• 1D: -2.08%
• 1M: 21.47%
• YTD: -7.01%
• 6M: -0.94%
• 1Y: 14.31%
• 3Y*: 36.30%
• 5Y*: 19.25%
• 10Y*: —

FSMD

• 1D: -1.99%
• 1M: -0.94%
• YTD: 13.14%
• 6M: 12.93%
• 1Y: 24.03%
• 3Y*: 16.71%
• 5Y*: 9.33%
• 10Y*: —

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

RDVT vs. FSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RDVT Red Violet, Inc.	-7.01%	58.63%	81.27%	-13.25%	-42.00%	52.01%	41.06%	147.13%
FSMD Fidelity Small-Mid Multifactor ETF	13.14%	8.70%	15.18%	17.37%	-11.15%	26.40%	8.94%	8.81%

Correlation

The correlation between RDVT and FSMD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 1, 2019	0.39

The correlation between RDVT and FSMD shifts across timeframes, from 0.26 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RDVT vs. FSMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDVT

RDVT Risk / Return Rank: 50
RDVT Sharpe Ratio Rank: 53
RDVT Sortino Ratio Rank: 49
RDVT Omega Ratio Rank: 48
RDVT Calmar Ratio Rank: 50
RDVT Martin Ratio Rank: 51

FSMD

FSMD Risk / Return Rank: 52
FSMD Sharpe Ratio Rank: 47
FSMD Sortino Ratio Rank: 48
FSMD Omega Ratio Rank: 45
FSMD Calmar Ratio Rank: 60
FSMD Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDVT vs. FSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Violet, Inc. (RDVT) 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.

	RDVT	FSMD	Difference
Sharpe ratio: Return per unit of total volatility	0.31	1.57	-1.26
Sortino ratio: Return per unit of downside risk	0.75	2.29	-1.53
Omega ratio: Gain probability vs. loss probability	1.09	1.28	-0.18
Calmar ratio: Return relative to maximum drawdown	0.34	2.86	-2.52
Martin ratio: Return relative to average drawdown	0.76	10.29	-9.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVT vs. FSMD - Sharpe Ratio Comparison

The current RDVT Sharpe Ratio is 0.31, which is lower than the FSMD Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of RDVT and FSMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDVT	FSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	1.57	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.51	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.54	-0.52

Drawdowns

RDVT vs. FSMD - Drawdown Comparison

The maximum RDVT drawdown since its inception was -90.17%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for RDVT and FSMD.

Drawdown Indicators

	RDVT	FSMD	Difference
Max Drawdown Largest peak-to-trough decline	-90.17%	-40.67%	-49.50%
Max Drawdown (1Y) Largest decline over 1 year	-42.11%	-8.44%	-33.67%
Max Drawdown (3Y) Largest decline over 3 years	-42.11%	-22.16%	-19.95%
Max Drawdown (5Y) Largest decline over 5 years	-63.73%	-22.16%	-41.57%
Current Drawdown Current decline from peak	-10.87%	-1.99%	-8.88%
Average Drawdown Average peak-to-trough decline	-50.49%	-6.00%	-44.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.91%	2.34%	+16.57%

Volatility

RDVT vs. FSMD - Volatility Comparison

Red Violet, Inc. (RDVT) has a higher volatility of 19.37% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 4.51%. This indicates that RDVT'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.

Volatility by Period

	RDVT	FSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.37%	4.51%	+14.86%
Volatility (6M) Calculated over the trailing 6-month period	37.88%	11.55%	+26.33%
Volatility (1Y) Calculated over the trailing 1-year period	46.07%	15.39%	+30.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.35%	18.49%	+30.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.33%	21.43%	+46.90%

Dividends

RDVT vs. FSMD - Dividend Comparison

RDVT has not paid dividends to shareholders, while FSMD's dividend yield for the trailing twelve months is around 1.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FSMD Fidelity Small-Mid Multifactor ETF	1.23%	1.33%	1.29%	1.37%	1.54%	1.18%	1.32%	1.37%
RDVT Red Violet, Inc.	0.00%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDVT and FSMD in my portfolio?

RDVT and FSMD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVT or FSMD?

RDVT has higher volatility (19.37%) compared to FSMD (4.51%). In terms of maximum drawdown, RDVT dropped -90.17% vs FSMD's -40.67%.

Which has better risk-adjusted returns?

FSMD currently has the higher Sharpe Ratio (1.57 vs 0.31), 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.