FSMD
Fidelity Small-Mid Multifactor ETF
Fidelity Small-Mid Factor ETF is an exchange-traded fund incorporated in the USA. The fund seeks to track the performance of the Fidelity Small-Mid Factor Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.4 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Feb 26, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SANDISK CORP ORDINARY SHARES | 2.1 % |
| CIENA CORP | 1.2 % |
| LUMENTUM HOLDINGS INC | 1.0 % |
| COMFORT SYSTEMS USA INC | 1.0 % |
| COHERENT CORP | 0.7 % |
| REGAL BELOIT CORP | 0.7 % |
| EMCOR GROUP INC | 0.6 % |
| ANGLOGOLD ASHANTI PLC | 0.6 % |
| FLEXTRONICS INTL LTD | 0.6 % |
| CASEY'S GENERAL STORES INC | 0.5 % |
Constituent Breakdown
| Number of holdings | 603 |
| Herfindahl-Hirschman Index | 28 |
| Wgt avg mkt cap (mns) | $7,996 |
| Large cap (>$10bn) | 31.1% |
| Mid cap ($2-10bn) | 51.1% |
| Small cap (<$2bn) | 11.8% |
| Developed mkts. | 95.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.4 % |
 |
BRITAIN | 1.6 % |
 |
BERMUDA | 1.0 % |
 |
CAYMAN ISLANDS | 0.7 % |
 |
IRELAND | 0.6 % |
 |
SINGAPORE | 0.6 % |
 |
PUERTO RICO | 0.5 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.7% | 27.1% | 15.6% | 15.3% | 7.7% | -- | -- | 9.8% |
| Dividend Yield | 0.0% | 1.3% | 1.4% | 1.5% | 1.5% | -- | -- | 1.6% |
| Total Returns | 10.7% | 28.4% | 17.0% | 16.8% | 9.1% | -- | -- | 11.4% | Ann. Volatility | 17.8% | 15.7% | 18.5% | 17.5% | 18.5% | -- | -- | 21.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 64% |
| MSCI EAFE | 0.77 | 51% |
| MSCI Emg Mkts | 0.54 | 40% |
Liquidity Measures
| Avg. volume (000) | 119 |
| ADV traded (mns) | $6 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.36% |
Technical Indicators
| 30d moving avg. (EMA) | $48.40 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.63/0.77 |
| Bollinger Bands (Upper/Lower) | $50.24/$47.88 |
| Short interest (% of AUM) | 0.2% |
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. FSMD |
Expenses vs. FSMD |
ALTAR Score™ vs. FSMD |
|---|---|---|---|---|
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 52.5% | -8 bp | -1.5% |
| SCHM | Schwab U.S. Mid-Cap ETF | 48.5% | -11 bp | -1.1% |
| JMEE | JPMorgan Market Expansion Enhanced Equity ETF | 48.2% | +9 bp | -0.8% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 47.4% | +8 bp | -0.8% |
| SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | 47.2% | -12 bp | -0.6% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 47.2% | -8 bp | -0.6% |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 46.7% | +2 bp | -1.9% |
| STXM | Strive Mid-Cap ETF | 46.1% | +3 bp | -0.9% |
| IJH | iShares Core S&P Mid-Cap ETF | 46.0% | -10 bp | -0.6% |
| ISCB | iShares Morningstar Small-Cap ETF | 46.0% | -11 bp | -1.5% |
Risk and Returns: FSMD 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 5/20/2026
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
7.4%
ALTAR SCORE™
84th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,347 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. FSMD's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places FSMD in the 84th percentile
among funds in the category.
Sell-Side Consensus
$54.82
PRICE TARGET
+11.9%
UPSIDE