VTSIX vs. FSMD
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Fidelity Small-Mid Multifactor ETF (FSMD).
VTSIX is managed by Blackrock. It was launched on Apr 21, 1999. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTSIX or FSMD.
Correlation
The correlation between VTSIX and FSMD is 0.95, 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
VTSIX vs. FSMD - Performance Comparison
Key characteristics
VTSIX:
0.91
FSMD:
1.43
VTSIX:
1.40
FSMD:
2.06
VTSIX:
1.17
FSMD:
1.25
VTSIX:
1.53
FSMD:
2.53
VTSIX:
4.53
FSMD:
6.96
VTSIX:
3.93%
FSMD:
3.27%
VTSIX:
19.59%
FSMD:
15.97%
VTSIX:
-57.81%
FSMD:
-40.67%
VTSIX:
-6.45%
FSMD:
-4.84%
Returns By Period
In the year-to-date period, VTSIX achieves a 2.46% return, which is significantly lower than FSMD's 3.33% return.
VTSIX
2.46%
1.91%
3.78%
15.44%
8.73%
9.35%
FSMD
3.33%
2.73%
7.10%
20.75%
10.85%
N/A
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VTSIX vs. FSMD - Expense Ratio Comparison
VTSIX has a 0.06% expense ratio, which is lower than FSMD's 0.29% expense ratio.
Risk-Adjusted Performance
VTSIX vs. FSMD — Risk-Adjusted Performance Rank
VTSIX
FSMD
VTSIX vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) 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
VTSIX vs. FSMD - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.44%, more than FSMD's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.44% | 1.47% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% | 2.06% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.25% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTSIX vs. FSMD - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.81%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for VTSIX and FSMD. For additional features, visit the drawdowns tool.
Volatility
VTSIX vs. FSMD - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a higher volatility of 5.96% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 5.43%. This indicates that VTSIX's price experiences larger fluctuations and is considered to be riskier than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.