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.
Key characteristics
| VTSIX | FSMD | |
|---|---|---|
| YTD Return | 13.68% | 20.19% |
| 1Y Return | 27.64% | 32.23% |
| 3Y Return (Ann) | 2.22% | 7.26% |
| 5Y Return (Ann) | 10.27% | 12.15% |
| Sharpe Ratio | 1.39 | 2.03 |
| Sortino Ratio | 2.09 | 2.88 |
| Omega Ratio | 1.25 | 1.36 |
| Calmar Ratio | 1.54 | 4.15 |
| Martin Ratio | 7.99 | 12.62 |
| Ulcer Index | 3.49% | 2.56% |
| Daily Std Dev | 20.07% | 15.92% |
| Max Drawdown | -57.82% | -40.67% |
| Current Drawdown | -3.56% | -2.88% |
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
In the year-to-date period, VTSIX achieves a 13.68% return, which is significantly lower than FSMD's 20.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.50%, more than FSMD's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.50% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% | 1.03% | 0.95% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.19% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTSIX vs. FSMD - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.82%, 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 7.70% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 6.05%. 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.