FFSM
Fidelity Fundamental Small-Mid Cap ETF
FSMO is an actively-managed, non-transparent ETF that invests in global stocks with small to medium capitalization.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 1.4 B
ASSETS UNDER MGMT
43 bp
EXPENSES
Fund Basics
| Inception date | Feb 02, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EXACT SCIENCES CORP | 2.6 % |
| LUMENTUM HOLDINGS INC | 2.4 % |
| IES HOLDINGS INC | 1.5 % |
| SPX TECHNOLOGIES INC | 1.5 % |
| TECHNIPFMC PLC | 1.1 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.0 % |
| FABRINET | 0.9 % |
| CRANE CO | 0.9 % |
| SHARKNINJA INC | 0.8 % |
| BROOKFIELD INFRASTRUCTURE CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 200 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $9,665 |
| Large cap (>$10bn) | 35.4% |
| Mid cap ($2-10bn) | 45.4% |
| Small cap (<$2bn) | 3.5% |
| Developed mkts. | 40.0% |
| Emerging mkts. | 0.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 35.2 % |
 |
BRITAIN | 1.2 % |
 |
BERMUDA | 1.0 % |
 |
IRELAND | 1.0 % |
 |
CAYMAN ISLANDS | 0.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.0% | 37.2% | 17.9% | 21.7% | 9.4% | -- | -- | 11.2% |
| Dividend Yield | 0.0% | 0.6% | 0.7% | 0.7% | 0.6% | -- | -- | 0.6% |
| Total Returns | 17.0% | 37.8% | 18.6% | 22.4% | 10.0% | -- | -- | 11.8% | Ann. Volatility | 20.9% | 18.0% | 21.0% | 19.3% | 20.7% | -- | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 64% |
| MSCI EAFE | 0.87 | 53% |
| MSCI Emg Mkts | 0.63 | 49% |
Liquidity Measures
| Avg. volume (000) | 123 |
| ADV traded (mns) | $5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $35.75 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.32/0.29 |
| Bollinger Bands (Upper/Lower) | $37.08/$34.63 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FFSM |
Expenses vs. FFSM |
ALTAR Score™ vs. FFSM |
|---|---|---|---|---|
| MDY | SPDR S&P Midcap 400 ETF Trust | 16.4% | -20 bp | +1.0% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 16.4% | -36 bp | +0.2% |
| SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | 16.2% | -40 bp | +1.2% |
| FSMD | Fidelity Small-Mid Multifactor ETF | 16.1% | -28 bp | +1.7% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 16.1% | -36 bp | +1.2% |
| IJH | iShares Core S&P Mid-Cap ETF | 16.0% | -38 bp | +1.2% |
| JMEE | JPMorgan Market Expansion Enhanced Equity ETF | 15.5% | -19 bp | +1.0% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 15.3% | -28 bp | +1.2% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 14.9% | -39 bp | +0.7% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 14.5% | -31 bp | +1.1% |
Risk and Returns: FFSM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/16/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.4%
ALTAR SCORE™
67th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. FFSM's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places FFSM in the 67th percentile
among funds in the category.
Sell-Side Consensus
$38.87
PRICE TARGET
+3.7%
UPSIDE