SMLF vs. FSSNX
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Fidelity Small Cap Index Fund (FSSNX).
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. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
SMLF vs. FSSNX - Performance Comparison
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SMLF vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.08% | 12.30% | 16.33% | 19.99% | -12.19% | 26.53% | 8.38% | 21.56% | -8.42% | 12.70% |
FSSNX Fidelity Small Cap Index Fund | -2.46% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Returns By Period
In the year-to-date period, SMLF achieves a 1.08% return, which is significantly higher than FSSNX's -2.46% return. Over the past 10 years, SMLF has outperformed FSSNX with an annualized return of 11.24%, while FSSNX has yielded a comparatively lower 9.53% annualized return.
SMLF
- 1D
- 3.34%
- 1M
- -4.37%
- YTD
- 1.08%
- 6M
- 2.12%
- 1Y
- 22.93%
- 3Y*
- 15.22%
- 5Y*
- 8.55%
- 10Y*
- 11.24%
FSSNX
- 1D
- -1.44%
- 1M
- -8.16%
- YTD
- -2.46%
- 6M
- -0.28%
- 1Y
- 21.68%
- 3Y*
- 11.92%
- 5Y*
- 3.17%
- 10Y*
- 9.53%
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SMLF vs. FSSNX - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Return for Risk
SMLF vs. FSSNX — Risk / Return Rank
SMLF
FSSNX
SMLF vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) 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.
| SMLF | FSSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.92 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.41 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.34 | +0.23 |
Martin ratioReturn relative to average drawdown | 6.74 | 5.05 | +1.69 |
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
| SMLF | FSSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.92 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.14 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.41 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.48 | +0.01 |
Correlation
The correlation between SMLF and FSSNX is 0.91, 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
SMLF vs. FSSNX - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.17%, more than FSSNX's 1.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.17% | 1.14% | 1.33% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% |
FSSNX Fidelity Small Cap Index Fund | 1.11% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Drawdowns
SMLF vs. FSSNX - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, roughly equal to the maximum FSSNX drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for SMLF and FSSNX.
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Drawdown Indicators
| SMLF | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -41.72% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -13.89% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.28% | -31.87% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -41.72% | -0.17% |
Current DrawdownCurrent decline from peak | -5.66% | -11.00% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -8.37% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.68% | -0.30% |
Volatility
SMLF vs. FSSNX - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a higher volatility of 7.09% compared to Fidelity Small Cap Index Fund (FSSNX) at 6.60%. This indicates that SMLF'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.
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Volatility by Period
| SMLF | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 6.60% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 14.12% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 23.11% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 22.56% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 23.38% | -1.63% |