SMID vs. FSSNX
Compare and contrast key facts about Smith-Midland Corporation (SMID) and Fidelity Small Cap Index Fund (FSSNX).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMID or FSSNX.
Correlation
The correlation between SMID and FSSNX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SMID vs. FSSNX - Performance Comparison
Key characteristics
SMID:
0.13
FSSNX:
1.08
SMID:
0.71
FSSNX:
1.60
SMID:
1.09
FSSNX:
1.19
SMID:
0.20
FSSNX:
1.12
SMID:
0.39
FSSNX:
5.36
SMID:
23.97%
FSSNX:
4.16%
SMID:
71.71%
FSSNX:
20.74%
SMID:
-94.34%
FSSNX:
-44.52%
SMID:
-16.53%
FSSNX:
-4.85%
Returns By Period
In the year-to-date period, SMID achieves a -6.07% return, which is significantly lower than FSSNX's 3.97% return. Over the past 10 years, SMID has outperformed FSSNX with an annualized return of 34.68%, while FSSNX has yielded a comparatively lower 7.14% annualized return.
SMID
-6.07%
-3.73%
30.66%
2.48%
48.77%
34.68%
FSSNX
3.97%
3.49%
4.13%
18.65%
7.57%
7.14%
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Risk-Adjusted Performance
SMID vs. FSSNX — Risk-Adjusted Performance Rank
SMID
FSSNX
SMID vs. FSSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Smith-Midland Corporation (SMID) and Fidelity Small Cap Index Fund (FSSNX). 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.
Dividends
SMID vs. FSSNX - Dividend Comparison
SMID has not paid dividends to shareholders, while FSSNX's dividend yield for the trailing twelve months is around 0.99%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMID Smith-Midland Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 0.74% | 0.73% | 0.19% | 1.23% | 1.59% |
FSSNX Fidelity Small Cap Index Fund | 0.99% | 1.03% | 1.43% | 1.26% | 1.26% | 0.94% | 1.32% | 1.33% | 1.15% | 1.24% | 2.80% | 4.80% |
Drawdowns
SMID vs. FSSNX - Drawdown Comparison
The maximum SMID drawdown since its inception was -94.34%, which is greater than FSSNX's maximum drawdown of -44.52%. Use the drawdown chart below to compare losses from any high point for SMID and FSSNX. For additional features, visit the drawdowns tool.
Volatility
SMID vs. FSSNX - Volatility Comparison
Smith-Midland Corporation (SMID) has a higher volatility of 15.35% compared to Fidelity Small Cap Index Fund (FSSNX) at 6.75%. This indicates that SMID's price experiences larger fluctuations and is considered to be riskier than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.