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
$ 1.2 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
| TEMPUR-PEDIC INTERNATIONAL | 1.8 % |
| BJ'S WHOLESALE CLUB HOLDINGS, INC. | 1.7 % |
| REGAL BELOIT CORP | 1.5 % |
| EMCOR GROUP INC | 1.4 % |
| ANTERO RESOURCES CORP | 1.4 % |
| TECHNIPFMC PLC | 1.4 % |
| US FOODS HOLDING CORP. | 1.3 % |
| MURPHY USA, INC. | 1.3 % |
| EAGLE MATERIALS INC | 1.2 % |
| PERFORMANCE FOOD GROUP COMPANY | 1.2 % |
Constituent Breakdown
| Number of holdings | 204 |
| Herfindahl-Hirschman Index | 69 |
| 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. | 82.6% |
| Emerging mkts. | 0.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 76.0 % |
 |
BRITAIN | 1.4 % |
 |
CANADA | 1.3 % |
 |
ISRAEL | 1.0 % |
 |
COLOMBIA | 0.9 % |
 |
CAYMAN ISLANDS | 0.8 % |
 |
BERMUDA | 0.8 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.1% | 26.6% | 10.4% | 15.1% | 7.8% | -- | -- | 9.1% |
| Dividend Yield | 0.0% | 0.6% | 0.6% | 0.6% | 0.6% | -- | -- | 0.6% |
| Total Returns | 4.1% | 27.2% | 11.0% | 15.8% | 8.4% | -- | -- | 9.7% | Ann. Volatility | 21.8% | 22.8% | 20.6% | 19.1% | 20.6% | -- | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 78% |
| MSCI EAFE | 0.98 | 58% |
| MSCI Emg Mkts | 0.82 | 52% |
Liquidity Measures
| Avg. volume (000) | 206 |
| ADV traded (mns) | $7 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $32.69 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.23/-0.08 |
| Bollinger Bands (Upper/Lower) | $34.04/$30.54 |
| 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 |
|---|---|---|---|---|
| RWK | Invesco S&P MidCap 400 Revenue ETF | 20.5% | -4 bp | +3.0% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 19.6% | -28 bp | +1.1% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 19.3% | -20 bp | +1.0% |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 19.3% | -28 bp | +2.9% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 19.3% | -25 bp | +2.9% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 19.2% | -33 bp | +2.9% |
| SMOX | Horizon Small/Mid Cap Core Equity ETF | 18.9% | +32 bp | +0.4% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 18.6% | -31 bp | +1.1% |
| SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | 18.6% | -40 bp | +1.2% |
| IJH | iShares Core S&P Mid-Cap ETF | 18.6% | -38 bp | +1.2% |
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 4/13/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
5.8%
ALTAR SCORE™
69th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 583 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.7%. FFSM's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places FFSM in the 69th percentile
among funds in the category.
Sell-Side Consensus
$41.04
PRICE TARGET
+20.1%
UPSIDE