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
$ 1.0 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 | 2.3 % |
| LUMENTUM HOLDINGS INC | 2.0 % |
| IES HOLDINGS INC | 1.5 % |
| SPX TECHNOLOGIES INC | 1.5 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.3 % |
| CRANE CO | 0.9 % |
| TECHNIPFMC PLC | 0.9 % |
| SHARKNINJA INC | 0.8 % |
| BROOKFIELD INFRASTRUCTURE CORP | 0.8 % |
| WESTERN DIGITAL CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 200 |
| Herfindahl-Hirschman Index | 30 |
| Wgt avg mkt cap (mns) | $17,762 |
| Large cap (>$10bn) | 22.3% |
| Mid cap ($2-10bn) | 14.7% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 37.6% |
| Emerging mkts. | 0.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 33.2 % |
 |
IRELAND | 1.3 % |
 |
BRITAIN | 1.0 % |
 |
BERMUDA | 0.9 % |
 |
CAYMAN ISLANDS | 0.7 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.7% | 33.0% | 16.6% | 17.5% | 10.0% | -- | -- | 11.3% |
| Dividend Yield | 0.3% | 0.7% | 0.7% | 0.7% | 0.7% | -- | -- | 0.6% |
| Total Returns | 20.0% | 33.7% | 17.3% | 18.2% | 10.6% | -- | -- | 11.9% | Ann. Volatility | 20.3% | 18.9% | 21.1% | 19.5% | 20.7% | -- | -- | 20.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 63% |
| MSCI EAFE | 0.89 | 55% |
| MSCI Emg Mkts | 0.55 | 51% |
Liquidity Measures
| Avg. volume (000) | 259 |
| ADV traded (mns) | $10 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $37.33 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.36/0.24 |
| Bollinger Bands (Upper/Lower) | $38.62/$36.02 |
| Short interest (% of AUM) | 0.5% |
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 |
|---|---|---|---|---|
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 16.1% | -28 bp | +1.1% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 16.0% | -20 bp | +1.0% |
| IJH | iShares Core S&P Mid-Cap ETF | 15.7% | -38 bp | +1.1% |
| SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | 15.7% | -40 bp | +1.1% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 15.7% | -36 bp | +1.1% |
| FSMD | Fidelity Small-Mid Multifactor ETF | 15.3% | -28 bp | +1.7% |
| JMEE | JPMorgan Market Expansion Enhanced Equity ETF | 14.8% | -19 bp | +0.9% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 14.2% | -36 bp | +0.1% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 13.9% | -31 bp | +1.0% |
| STXM | Strive Mid-Cap ETF | 13.8% | -25 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 8/25/2026
Peer Group Comparison
Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
5.6%
ALTAR SCORE™
70th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.5%. FFSM's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places FFSM in the 70th percentile
among funds in the category.
Sell-Side Consensus
$38.87
PRICE TARGET
+4.8%
UPSIDE