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
583.9 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
Fund sponsor | Fidelity |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Feb 26, 2019 |
Assets (mns) | $584 |
Expense ratio | 15 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TEXAS PACIFIC LAND CORPORATION | 0.4 % |
EMCOR GROUP INC | 0.4 % |
UNITED THERAPEUTICS CORP | 0.4 % |
PURE STORAGE, INC. CLASS A | 0.4 % |
INTERNATIONAL PAPER CO | 0.4 % |
TOLL BROTHERS INC | 0.4 % |
TOPBUILD CORP | 0.4 % |
TECHNIPFMC PLC | 0.4 % |
CASEY'S GENERAL STORES INC | 0.4 % |
REINSURANCE GROUP OF AMERICA | 0.4 % |
Constituent Breakdown
Number of holdings | 594 |
Herfindahl-Hirschman Index | 20 |
Wgt avg mkt cap (mns) | $8,026 |
Large cap (>$10bn) | 33.2% |
Mid cap ($2-10bn) | 56.5% |
Small cap (<$2bn) | 9.9% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.3 % | |
BERMUDA | 0.9 % | |
IRELAND | 0.9 % | |
BRITAIN | 0.8 % | |
PUERTO RICO | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 24.6% | 35.9% | 17.9% | 11.3% | 12.7% | -- | 12.8% | Volatility | 15.4% | 15.9% | 16.3% | 18.7% | 23.0% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.98 | 78% |
MSCI EAFE | 0.90 | 66% |
MSCI Emg Mkts | 0.58 | 27% |
Liquidity Measures
Avg. volume (000) | 130 |
Turnover | 0.9% |
Avg. Bid/Ask (% of price) | 0.20% |
ADV of underlying (mns) | $29,341 |
Technical Indicators
Recent close | $41.41 |
30d moving avg. | $43.90 |
Annualized volatility | 19.4% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.5% |
Short interest (underlying) | 4.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 50.1% | -8 bp | -1.6% |
EZM | WisdomTree U.S. MidCap Fund | 44.5% | +23 bp | +0.5% |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 44.4% | -11 bp | -1.3% |
ISCB | iShares Morningstar Small-Cap ETF | 43.0% | -11 bp | -2.2% |
SCHM | Schwab U.S. Mid-Cap ETF | 42.4% | -11 bp | -0.9% |
STXM | Strive Mid-Cap ETF | 42.0% | +3 bp | -0.8% |
MDY | SPDR S&P Midcap 400 ETF Trust | 41.6% | +9 bp | -0.7% |
IJH | iShares Core S&P Mid-Cap ETF | 41.6% | -10 bp | -0.5% |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 41.5% | -5 bp | -0.6% |
SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 41.3% | -12 bp | -0.5% |
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.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 12/20/2024
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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
FSMD
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FSMD
7.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FSMD's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places FSMD in the 73rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FSMDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
FSMD (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FSMD | 15.0 | 20.1 | 35.1 |
Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .