SMDX vs. FDM
Compare and contrast key facts about Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) and First Trust Dow Jones Select MicroCap Index Fund (FDM).
SMDX and FDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDX is an actively managed fund by Intech. It was launched on Feb 27, 2025. FDM is a passively managed fund by First Trust that tracks the performance of the Dow Jones Select Microcap Index. It was launched on Sep 27, 2005.
Performance
SMDX vs. FDM - Performance Comparison
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SMDX vs. FDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMDX Intech S&P Small-Mid Cap Diversified Alpha ETF | 2.96% | 14.21% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 3.39% | 18.16% |
Returns By Period
In the year-to-date period, SMDX achieves a 2.96% return, which is significantly lower than FDM's 3.39% return.
SMDX
- 1D
- 2.77%
- 1M
- -4.72%
- YTD
- 2.96%
- 6M
- 4.62%
- 1Y
- 22.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDM
- 1D
- 1.32%
- 1M
- -3.24%
- YTD
- 3.39%
- 6M
- 9.17%
- 1Y
- 33.86%
- 3Y*
- 17.23%
- 5Y*
- 7.95%
- 10Y*
- 11.22%
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SMDX vs. FDM - Expense Ratio Comparison
SMDX has a 0.35% expense ratio, which is lower than FDM's 0.60% expense ratio.
Return for Risk
SMDX vs. FDM — Risk / Return Rank
SMDX
FDM
SMDX vs. FDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) and First Trust Dow Jones Select MicroCap Index Fund (FDM). 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.
| SMDX | FDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.53 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.22 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.78 | -0.76 |
Martin ratioReturn relative to average drawdown | 7.55 | 9.61 | -2.06 |
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
| SMDX | FDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.53 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.34 | +0.40 |
Correlation
The correlation between SMDX and FDM is 0.80, 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
SMDX vs. FDM - Dividend Comparison
SMDX's dividend yield for the trailing twelve months is around 0.59%, less than FDM's 1.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDX Intech S&P Small-Mid Cap Diversified Alpha ETF | 0.59% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 1.33% | 1.43% | 1.56% | 1.81% | 1.80% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% |
Drawdowns
SMDX vs. FDM - Drawdown Comparison
The maximum SMDX drawdown since its inception was -14.52%, smaller than the maximum FDM drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for SMDX and FDM.
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Drawdown Indicators
| SMDX | FDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.52% | -63.45% | +48.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -11.99% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.76% | — |
Current DrawdownCurrent decline from peak | -6.13% | -5.74% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -11.43% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.46% | -0.24% |
Volatility
SMDX vs. FDM - Volatility Comparison
Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) and First Trust Dow Jones Select MicroCap Index Fund (FDM) have volatilities of 6.38% and 6.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMDX | FDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 6.37% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 14.17% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 22.29% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 21.53% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 23.33% | -1.35% |