SMLF vs. FSMD
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Fidelity Small-Mid Multifactor ETF (FSMD).
SMLF and FSMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015. FSMD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Small-Mid Multifactor Index. It was launched on Feb 26, 2019. Both SMLF and FSMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLF or FSMD.
Performance
SMLF vs. FSMD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SMLF having a 22.98% return and FSMD slightly lower at 22.03%.
SMLF
22.98%
7.55%
16.70%
38.08%
13.08%
N/A
FSMD
22.03%
5.70%
16.08%
33.81%
12.62%
N/A
Key characteristics
| SMLF | FSMD | |
|---|---|---|
| Sharpe Ratio | 2.17 | 2.16 |
| Sortino Ratio | 3.03 | 3.05 |
| Omega Ratio | 1.37 | 1.38 |
| Calmar Ratio | 3.91 | 4.72 |
| Martin Ratio | 13.05 | 13.31 |
| Ulcer Index | 2.98% | 2.60% |
| Daily Std Dev | 17.89% | 15.98% |
| Max Drawdown | -41.89% | -40.67% |
| Current Drawdown | -1.20% | -1.40% |
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SMLF vs. FSMD - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Correlation
The correlation between SMLF and FSMD is 0.96, 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.
Risk-Adjusted Performance
SMLF vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) 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.
Dividends
SMLF vs. FSMD - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 0.84%, less than FSMD's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.84% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.18% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMLF vs. FSMD - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, roughly equal to the maximum FSMD drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for SMLF and FSMD. For additional features, visit the drawdowns tool.
Volatility
SMLF vs. FSMD - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Fidelity Small-Mid Multifactor ETF (FSMD) have volatilities of 6.18% and 6.12%, 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.