Correlation
The correlation between SMLF and FSSNX is 0.77, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLF or FSSNX.
Performance
SMLF vs. FSSNX - Performance Comparison
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Key characteristics
SMLF:
0.23
FSSNX:
0.05
SMLF:
0.38
FSSNX:
0.10
SMLF:
1.05
FSSNX:
1.01
SMLF:
0.13
FSSNX:
-0.05
SMLF:
0.40
FSSNX:
-0.13
SMLF:
8.63%
FSSNX:
9.68%
SMLF:
23.97%
FSSNX:
24.63%
SMLF:
-41.89%
FSSNX:
-41.72%
SMLF:
-12.59%
FSSNX:
-15.82%
Returns By Period
In the year-to-date period, SMLF achieves a -4.40% return, which is significantly higher than FSSNX's -8.02% return. Over the past 10 years, SMLF has outperformed FSSNX with an annualized return of 9.23%, while FSSNX has yielded a comparatively lower 6.70% annualized return.
SMLF
-4.40%
6.20%
-11.28%
4.66%
10.69%
15.08%
9.23%
FSSNX
-8.02%
4.34%
-14.59%
0.06%
6.67%
10.06%
6.70%
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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.
Risk-Adjusted Performance
SMLF vs. FSSNX — Risk-Adjusted Performance Rank
SMLF
FSSNX
SMLF vs. FSSNX - 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 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.
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Dividends
SMLF vs. FSSNX - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.40%, more than FSSNX's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.40% | 1.33% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% | 0.00% |
FSSNX Fidelity Small Cap Index Fund | 1.12% | 1.03% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.08% | 3.57% |
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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Volatility
SMLF vs. FSSNX - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Fidelity Small Cap Index Fund (FSSNX) have volatilities of 5.80% and 5.83%, 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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