FSMD vs NVG
Comparison between FIDELITY SMALL-MID MULTIFACTOR ETF (FSMD, ETF) and Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF).
5-Year PerformanceFSMD has outperformed NVG, delivering a return of +10.7% compared to -1.4%
FSMD vs NVG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FSMD vs NVG - Historical Returns
Returns include dividend reinvestment.
FSMD vs NVG - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | FSMD | NVG |
|---|---|---|
| 2026 | +17.81% | +1.35% |
| 2025 | +8.92% | +9.98% |
| 2024 | +15.63% | +9.69% |
| 2023 | +17.73% | +0.11% |
| 2022 | -11.54% | -27.85% |
| 2021 | +27.63% | +13.29% |
| 2020 | +8.61% | +6.38% |
| 2019 | +8.81% | +23.79% |
| 2018 | N/A | -4.20% |
| 2017 | N/A | +12.94% |
| 2016 | N/A | +5.52% |
| 2015 | N/A | +8.10% |
| 2014 | N/A | +19.22% |
| 2013 | N/A | -15.57% |
| 2012 | N/A | +8.01% |
| 2011 | N/A | +17.91% |
| 2010 | N/A | +1.39% |
| 2009 | N/A | +30.55% |
| 2008 | N/A | -10.71% |
| 2007 | N/A | -6.77% |
| 2006 | N/A | +12.48% |
| 2005 | N/A | +6.29% |
| 2004 | N/A | -0.25% |
| 2003 | N/A | +8.76% |
| 2002 | N/A | +1.41% |
FSMD vs NVG Drawdown Comparison
The maximum drawdown for FSMD was -40.66%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The maximum drawdown for NVG was -41.66%, occurring on Oct 10, 2008. Recovery took 577 trading sessions.
The current FSMD drawdown is -2.49%. The current NVG drawdown is -8.54%.
| Rank | FSMD | NVG |
|---|---|---|
| #1 | -40.66% Feb 19, 2020 - Nov 23, 2020 | -41.66% May 11, 2007 - Aug 25, 2009 |
| #2 | -22.16% Nov 25, 2024 - Sep 11, 2025 | -40.57% Dec 31, 2021 - Oct 25, 2023 |
| #3 | -20.63% Nov 16, 2021 - Dec 14, 2023 | -26.56% Mar 3, 2020 - Dec 3, 2020 |
| #4 | -8.43% Feb 26, 2026 - Apr 13, 2026 | -23.03% Nov 30, 2012 - Jan 13, 2015 |
| #5 | -7.33% May 3, 2019 - Jul 24, 2019 | -16.64% Mar 10, 2004 - Feb 3, 2005 |
| #6 | -7.32% Jul 31, 2024 - Aug 30, 2024 | -15.58% Aug 27, 2010 - Sep 9, 2011 |
| #7 | -7.15% Mar 28, 2024 - May 15, 2024 | -13.96% Aug 12, 2016 - Aug 1, 2017 |
| #8 | -6.03% Jul 26, 2019 - Oct 28, 2019 | -11.44% Jun 17, 2003 - Jan 12, 2004 |
| #9 | -5.92% Sep 18, 2025 - Dec 10, 2025 | -10.73% Jan 8, 2018 - Mar 4, 2019 |
| #10 | -5.53% Jun 11, 2021 - Aug 11, 2021 | -8.56% Oct 7, 2002 - Mar 11, 2003 |
| #11 | -5.44% Mar 15, 2021 - Apr 14, 2021 | -8.50% Feb 3, 2005 - May 31, 2005 |
| #12 | -5.35% Jun 30, 2026 - Aug 14, 2026 | -7.72% Sep 1, 2021 - Dec 31, 2021 |
| #13 | -5.01% Sep 2, 2021 - Oct 20, 2021 | -6.58% Feb 8, 2012 - May 11, 2012 |
| #14 | -4.72% Aug 30, 2024 - Sep 19, 2024 | -6.50% Feb 2, 2015 - Dec 11, 2015 |
| #15 | -4.70% May 7, 2021 - Jun 8, 2021 | -6.41% Apr 28, 2006 - Jul 31, 2006 |
Correlation
Correlation between FSMD and NVG is 0.37 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (2002 - 2026)
FSMD vs NVG dividend yield comparison.
| Year | FSMD | NVG |
|---|---|---|
| 2026 | 0.65% | 5.17% |
| 2025 | 1.33% | 7.49% |
| 2024 | 1.29% | 6.74% |
| 2023 | 1.37% | 4.45% |
| 2022 | 1.54% | 6.18% |
| 2021 | 1.18% | 4.69% |
| 2020 | 1.32% | 5.24% |
| 2019 | 1.37% | 4.94% |
| 2018 | 0.00% | 6.07% |
| 2017 | 0.00% | 5.67% |
| 2016 | 0.00% | 6.17% |
| 2015 | 0.00% | 5.46% |
| 2014 | 0.00% | 5.84% |
| 2013 | 0.00% | 5.71% |
| 2012 | 0.00% | 6.13% |
| 2011 | 0.00% | 5.99% |
| 2010 | 0.00% | 6.20% |
| 2009 | 0.00% | 5.24% |
| 2008 | 0.00% | 6.11% |
| 2007 | 0.00% | 5.44% |
| 2006 | 0.00% | 5.59% |
| 2005 | 0.00% | 6.18% |
| 2004 | 0.00% | 7.45% |
| 2003 | 0.00% | 6.59% |
| 2002 | 0.00% | 2.26% |
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