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.
Performance
SMLF vs. FZIPX - Performance Comparison
Returns By Period
In the year-to-date period, SMLF achieves a 20.73% return, which is significantly higher than FZIPX's 16.41% return.
SMLF
20.73%
3.58%
12.31%
35.13%
12.73%
N/A
FZIPX
16.41%
3.56%
11.49%
31.39%
10.69%
N/A
Key characteristics
| SMLF | FZIPX | |
|---|---|---|
| Sharpe Ratio | 1.99 | 1.68 |
| Sortino Ratio | 2.81 | 2.42 |
| Omega Ratio | 1.34 | 1.30 |
| Calmar Ratio | 3.44 | 1.63 |
| Martin Ratio | 11.99 | 9.06 |
| Ulcer Index | 2.97% | 3.33% |
| Daily Std Dev | 17.88% | 17.97% |
| Max Drawdown | -41.89% | -42.71% |
| Current Drawdown | -3.00% | -2.99% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMLF vs. FZIPX - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is higher than FZIPX's 0.00% expense ratio.
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.
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 0.86%, less than FZIPX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.86% | 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 | 1.23% | 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) has a higher volatility of 6.21% compared to Fidelity ZERO Extended Market Index Fund (FZIPX) at 5.89%. This indicates that SMLF's price experiences larger fluctuations and is considered to be riskier than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.