FFSM vs AVES
Comparison between FIDELITY FUNDAMENTAL SMALL-MID CAP ETF (FFSM, ETF) and AVANTIS EMERGING MARKETS VALUE ETF (AVES, ETF).
5-Year PerformanceAVES has outperformed FFSM, delivering a return of +10.4% compared to +10.0%
FFSM vs AVES - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FFSM
$1.10B
Winner
AVES
$1.20B
Expense Ratio
FFSM
0.43%
Winner
AVES
0.36%
Max Drawdown
Winner
FFSM
27.05%
AVES
28.22%
Sharpe Ratio
FFSM
1.89
Winner
AVES
2.12
5Y Beta
FFSM
1.07
Winner
AVES
0.66
P/E Ratio
FFSM
31.37
AVES
N/A
Forward P/E
FFSM
16.56
AVES
N/A
5Y Dividends CAGR
FFSM
84.36%
AVES
N/A
5Y EPS CAGR
FFSM
19.09%
AVES
N/A
Debt to Equity
FFSM
67.07%
AVES
N/A
P/S Ratio
FFSM
1.45
AVES
N/A
P/B Ratio
FFSM
3.13
AVES
N/A
FFSM vs AVES - Holdings Comparison
FFSM and AVES have 0 common holdings. Overlap is 0.00%
FFSM's top 25 holdings weight is 32.66%. AVES's top 25 holdings weight is 18.21%.
| Rank | FFSM | AVES |
|---|---|---|
| #1 | LUMENTUM HOLDINGS INC (LITE) - 2.28% | ASE TECHNOLOGY HOLDING CO LTD ADR (ASX) - 1.19% |
| #2 | TECHNIPFMC PLC (FTI) - 2.02% | VALE SA ADR (VALE) - 1.15% |
| #3 | FABRINET (FN) - 1.73% | HYUNDAI MOTOR CO (n/a) - 1.09% |
| #4 | SOMNIGROUP INTERNATIONAL INC (SGI) - 1.61% | HANA FINANCIAL GROUP INC (n/a) - 1.04% |
| #5 | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 1.57% | CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.91% |
| #6 | US FOODS HOLDING CORP (USFD) - 1.52% | WOORI FINANCIAL GROUP INC (n/a) - 0.82% |
| #7 | IES HOLDINGS INC (IESC) - 1.50% | SHINHAN FINANCIAL GROUP CO LTD ADR (SHG) - 0.80% |
| #8 | COMFORT SYSTEMS USA INC (FIX) - 1.47% | KB FINANCIAL GROUP INC ADR (KB) - 0.79% |
| #9 | ATI INC (ATI) - 1.46% | KIA CORP (n/a) - 0.78% |
| #10 | FIRSTCASH HOLDINGS INC (FCFS) - 1.34% | CHINA HONGQIAO GROUP LTD (n/a) - 0.78% |
| #11 | ITT INC (ITT) - 1.33% | n/a (n/a) - 0.76% |
| #12 | SPX TECHNOLOGIES INC (SPXC) - 1.14% | FUBON FINANCIAL HOLDINGS CO LTD (n/a) - 0.75% |
| #13 | SANMINA CORP (SANM) - 1.11% | LG ELECTRONICS INC (n/a) - 0.72% |
| #14 | ANTERO RESOURCES CORP (AR) - 1.10% | INNOLUX CORP (n/a) - 0.69% |
| #15 | UNIVERSAL HEALTH SERVICES INC CLASS B (UHS) - 1.07% | GOLD CIRCUIT ELECTRONICS LTD (n/a) - 0.68% |
| #16 | EMCOR GROUP INC (EME) - 1.07% | ANTA SPORTS PRODUCTS LTD (n/a) - 0.67% |
| #17 | CARPENTER TECHNOLOGY CORP (CRS) - 1.07% | CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.66% |
| #18 | EAGLE MATERIALS INC (EXP) - 1.07% | n/a (n/a) - 0.66% |
| #19 | COHERENT CORP (COHR) - 1.06% | n/a (n/a) - 0.65% |
| #20 | STERLING INFRASTRUCTURE INC (STRL) - 1.06% | n/a (n/a) - 0.64% |
| #21 | PERFORMANCE FOOD GROUP CO (PFGC) - 1.04% | NTPC LTD (n/a) - 0.40% |
| #22 | JONES LANG LASALLE INC (JLL) - 1.04% | HINDALCO INDUSTRIES LTD (n/a) - 0.40% |
| #23 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.01% | L & K ENGINEERING CO LTD (n/a) - 0.40% |
| #24 | CONSTRUCTION PARTNERS INC CLASS A (ROAD) - 1.00% | SK TELECOM CO LTD ADR (SKM) - 0.39% |
| #25 | TD SYNNEX CORP (SNX) - 0.99% | KOREA INVESTMENT HOLDINGS CO LTD (n/a) - 0.39% |
| Total Holdings | 199 | 1670 |
FFSM vs AVES - Historical Returns
Returns include dividend reinvestment.
1M
FFSM
+6.69%
Winner
AVES
+7.49%
3M
Winner
FFSM
+6.61%
AVES
+5.81%
6M
Winner
FFSM
+21.88%
AVES
+19.70%
1Y
FFSM
+41.48%
Winner
AVES
+44.36%
5Y(CAGR)
FFSM
+9.97%
Winner
AVES
+10.39%
Max(CAGR)
Winner
FFSM
+12.11%
AVES
+10.39%
FFSM vs AVES - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FFSM | AVES |
|---|---|---|
| 2026 | +16.26% | +14.57% |
| 2025 | +14.38% | +30.47% |
| 2024 | +15.06% | +5.94% |
| 2023 | +18.11% | +16.19% |
| 2022 | -16.55% | -16.49% |
| 2021 | +19.77% | +1.32% |
FFSM vs AVES Drawdown Comparison
The maximum drawdown for FFSM was -26.65%, occurring on Sep 26, 2022. Recovery took 574 trading sessions.
The maximum drawdown for AVES was -27.41%, occurring on Oct 24, 2022. Recovery took 560 trading sessions.
The current FFSM drawdown is -1.31%.
| Rank | FFSM | AVES |
|---|---|---|
| #1 | -26.65% Nov 9, 2021 - Feb 23, 2024 | -27.41% Jan 12, 2022 - Apr 8, 2024 |
| #2 | -24.78% Nov 25, 2024 - Sep 5, 2025 | -18.49% Oct 2, 2024 - Jun 4, 2025 |
| #3 | -10.37% Feb 25, 2026 - Apr 13, 2026 | -12.90% Feb 25, 2026 - May 6, 2026 |
| #4 | -8.36% Jul 31, 2024 - Aug 23, 2024 | -8.51% Jul 12, 2024 - Sep 24, 2024 |
| #5 | -7.40% Mar 28, 2024 - Jul 15, 2024 | -5.43% Oct 25, 2021 - Jan 11, 2022 |
| #6 | -6.68% May 7, 2021 - Aug 6, 2021 | -4.76% Apr 9, 2024 - May 2, 2024 |
| #7 | -6.16% Mar 15, 2021 - Apr 9, 2021 | -4.68% May 17, 2024 - Jul 11, 2024 |
| #8 | -5.78% Aug 23, 2024 - Sep 19, 2024 | -4.55% Sep 17, 2025 - Oct 23, 2025 |
| #9 | -5.10% Nov 12, 2025 - Nov 25, 2025 | -3.87% Nov 12, 2025 - Dec 22, 2025 |
| #10 | -4.53% Nov 11, 2024 - Nov 25, 2024 | -3.72% Jul 23, 2025 - Aug 13, 2025 |
| #11 | -4.52% Feb 24, 2021 - Mar 10, 2021 | -2.63% Jun 12, 2025 - Jun 24, 2025 |
| #12 | -4.42% Sep 11, 2025 - Oct 23, 2025 | -2.40% Jan 28, 2026 - Feb 9, 2026 |
| #13 | -4.16% Aug 27, 2021 - Oct 18, 2021 | -2.21% Oct 27, 2025 - Nov 10, 2025 |
| #14 | -4.12% Oct 16, 2024 - Nov 6, 2024 | -1.92% Oct 1, 2021 - Oct 14, 2021 |
| #15 | -3.94% Dec 11, 2025 - Jan 9, 2026 | -1.85% Aug 22, 2025 - Sep 8, 2025 |
Correlation
Correlation between FFSM and AVES is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2021 - 2026)
FFSM vs AVES dividend yield comparison.
| Year | FFSM | AVES |
|---|---|---|
| 2026 | 0.11% | 0.10% |
| 2025 | 0.56% | 3.17% |
| 2024 | 0.62% | 4.09% |
| 2023 | 0.56% | 3.96% |
| 2022 | 0.58% | 3.70% |
| 2021 | 0.37% | 0.62% |
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