SMLF vs. FZIPX
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Fidelity ZERO Extended Market Index Fund (FZIPX).
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. FZIPX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLF or FZIPX.
Correlation
The correlation between SMLF and FZIPX is 0.97, 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.
Performance
SMLF vs. FZIPX - Performance Comparison
Key characteristics
SMLF:
1.13
FZIPX:
0.81
SMLF:
1.65
FZIPX:
1.21
SMLF:
1.20
FZIPX:
1.15
SMLF:
2.31
FZIPX:
1.15
SMLF:
6.43
FZIPX:
4.01
SMLF:
3.15%
FZIPX:
3.52%
SMLF:
17.85%
FZIPX:
17.51%
SMLF:
-41.89%
FZIPX:
-42.71%
SMLF:
-7.56%
FZIPX:
-8.49%
Returns By Period
In the year-to-date period, SMLF achieves a 17.60% return, which is significantly higher than FZIPX's 11.67% return.
SMLF
17.60%
-4.37%
13.27%
17.56%
11.20%
N/A
FZIPX
11.67%
-4.07%
9.88%
12.32%
8.88%
N/A
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SMLF vs. FZIPX - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is higher than FZIPX's 0.00% expense ratio.
Risk-Adjusted Performance
SMLF vs. FZIPX - 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 ZERO Extended Market Index Fund (FZIPX). 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. FZIPX - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.32%, while FZIPX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.32% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% |
FZIPX Fidelity ZERO Extended Market Index Fund | 0.00% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMLF vs. FZIPX - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, roughly equal to the maximum FZIPX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for SMLF and FZIPX. For additional features, visit the drawdowns tool.
Volatility
SMLF vs. FZIPX - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Fidelity ZERO Extended Market Index Fund (FZIPX) have volatilities of 5.98% and 5.90%, 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.