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SMID vs. FSSNX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.2

Performance

SMID vs. FSSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smith-Midland Corporation (SMID) and Fidelity Small Cap Index Fund (FSSNX). The values are adjusted to include any dividend payments, if applicable.

500.00%1,000.00%1,500.00%2,000.00%2,500.00%3,000.00%JulyAugustSeptemberOctoberNovemberDecember
2,552.50%
302.40%
SMID
FSSNX

Key characteristics

Sharpe Ratio

SMID:

0.23

FSSNX:

0.68

Sortino Ratio

SMID:

0.84

FSSNX:

1.09

Omega Ratio

SMID:

1.11

FSSNX:

1.13

Calmar Ratio

SMID:

0.36

FSSNX:

0.76

Martin Ratio

SMID:

0.70

FSSNX:

3.69

Ulcer Index

SMID:

23.58%

FSSNX:

3.86%

Daily Std Dev

SMID:

70.93%

FSSNX:

20.92%

Max Drawdown

SMID:

-94.34%

FSSNX:

-41.72%

Current Drawdown

SMID:

-11.95%

FSSNX:

-8.52%

Returns By Period

The year-to-date returns for both investments are quite close, with SMID having a 11.52% return and FSSNX slightly higher at 11.65%. Over the past 10 years, SMID has outperformed FSSNX with an annualized return of 37.70%, while FSSNX has yielded a comparatively lower 8.41% annualized return.


SMID

YTD

11.52%

1M

2.01%

6M

27.17%

1Y

17.44%

5Y*

49.47%

10Y*

37.70%

FSSNX

YTD

11.65%

1M

-3.12%

6M

10.99%

1Y

12.05%

5Y*

7.49%

10Y*

8.41%

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Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for SMID, currently valued at 0.23, compared to the broader market-4.00-2.000.002.000.230.68
The chart of Sortino ratio for SMID, currently valued at 0.84, compared to the broader market-4.00-2.000.002.004.000.841.09
The chart of Omega ratio for SMID, currently valued at 1.11, compared to the broader market0.501.001.502.001.111.13
The chart of Calmar ratio for SMID, currently valued at 0.36, compared to the broader market0.002.004.006.000.360.76
The chart of Martin ratio for SMID, currently valued at 0.70, compared to the broader market0.0010.0020.000.703.69
SMID
FSSNX

The current SMID Sharpe Ratio is 0.23, which is lower than the FSSNX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of SMID and FSSNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.23
0.68
SMID
FSSNX

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 0.12%.


TTM20232022202120202019201820172016201520142013
SMID
Smith-Midland Corporation
0.00%0.00%0.00%0.00%0.00%0.92%0.74%0.73%0.19%1.23%1.59%2.79%
FSSNX
Fidelity Small Cap Index Fund
0.12%1.43%1.26%1.26%0.94%1.32%1.33%1.15%1.24%2.80%4.80%2.82%

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 -41.72%. Use the drawdown chart below to compare losses from any high point for SMID and FSSNX. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.95%
-8.52%
SMID
FSSNX

Volatility

SMID vs. FSSNX - Volatility Comparison

Smith-Midland Corporation (SMID) has a higher volatility of 21.00% compared to Fidelity Small Cap Index Fund (FSSNX) at 6.19%. 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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
21.00%
6.19%
SMID
FSSNX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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