FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:70Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains so far this year and in recent months, suggesting its strategy has been working in the current market.
Low Expense Ratio
The fund’s relatively low annual fee means more of any returns stay in investors’ pockets instead of going to costs.
Broad Sector Diversification
Holdings spread across many sectors, including industrials, technology, financials, and health care, help reduce the impact if one industry struggles.
Negative Factors
Heavy U.S. Concentration
With almost all assets in U.S. companies, the fund offers little protection if the U.S. market faces a downturn.
Small Individual Position Sizes
Each top holding makes up only a small slice of the portfolio, which can limit the impact of even strong-performing stocks on overall returns.
Exposure to Cyclical Sectors
Significant weights in economically sensitive areas like industrials, consumer cyclical, and financials may make the fund more vulnerable during economic slowdowns.
FSMD vs. SPDR S&P 500 ETF (SPY)
AUM2.54B
RegionNorth America
Expense Ratio0.15%
Beta0.88
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.25%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume110,394
30 Day Avg. Volume118,503
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
59.06Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering588
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FSMD Summary
FSMD, the Fidelity Small-Mid Multifactor ETF, tracks the Fidelity Small-Mid Multifactor Index and focuses on smaller and mid-sized U.S. companies across many sectors, including industrials, technology, and financials. It holds well-known names like SanDisk and Ciena, giving investors a way to spread their money across many growing businesses that are often missed by large‑cap funds. Someone might invest in FSMD to seek long-term growth and diversification beyond the biggest household-name stocks. A key risk is that small and mid-sized company shares can be more volatile and can go up and down more sharply than the overall market.
How much will it cost me?The Fidelity Small-Mid Multifactor ETF (FSMD) has an expense ratio of 0.16%, which means you’ll pay $1.60 per year for every $1,000 invested. This is lower than average for ETFs because it is passively managed, focusing on tracking an index rather than actively selecting stocks.
What would affect this ETF?The Fidelity Small-Mid Multifactor ETF (FSMD) could benefit from economic growth in the U.S., particularly if small and mid-sized companies in sectors like Industrials, Technology, and Consumer Cyclical continue to innovate and expand. However, rising interest rates or economic slowdowns could negatively impact these smaller companies, especially in sectors like Financials and Real Estate, which are sensitive to borrowing costs and market conditions.
FSMD Top 10 Holdings
FSMD leans heavily into U.S. small and mid-cap names, with a noticeable tilt toward tech and industrials. SanDisk is one of the main engines here, rising on stronger earnings even as some profitability worries linger. Flex and Coherent are also pulling their weight, riding upbeat results and momentum in datacenter and communications demand. On the softer side, Ciena and Lumentum have been more mixed, occasionally losing steam as cost and valuation concerns creep in. Overall, the fund’s performance story is driven by a cluster of smaller tech and industrial players rather than any single giant.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| SanDisk Corp | 3.49% | $88.89M | $283.73B | 4410.17% | 55 Neutral | |
| Ciena | 0.94% | $23.84M | $65.22B | 492.56% | 70 Outperform | |
| Comfort Systems | 0.88% | $22.44M | $61.82B | 225.50% | 80 Outperform | |
| Lumentum Holdings | 0.81% | $20.53M | $62.40B | 762.47% | 61 Neutral | |
| Flex | 0.79% | $20.20M | $49.76B | 160.20% | 74 Outperform | |
| Coherent Corp | 0.74% | $18.94M | $63.48B | 247.80% | 66 Neutral | |
| Revolution Medicines | 0.59% | $14.99M | $39.73B | 391.53% | 52 Neutral | |
| EMCOR Group | 0.51% | $12.86M | $34.74B | 41.06% | 73 Outperform | |
| Casey's General | 0.50% | $12.81M | $30.34B | 58.70% | 68 Neutral | |
| Anglogold Ashanti PLC | 0.49% | $12.51M | $41.46B | 74.27% | 73 Outperform |
FSMD Technical Analysis
Neutral
―
Price Trends
50.47
Positive
48.31
Positive
46.25
Positive
Market Momentum
0.25
Positive
50.19
Neutral
37.04
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FSMD, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 51.69, equal to the 50-day MA of 50.47, and equal to the 200-day MA of 46.25, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 37.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FSMD.
FSMD Peer Comparison
Comparison Results
Performance Comparison
FSMD
Fidelity Small-Mid Multifactor ETF
51.20
10.29
25.15%
CGMM
Capital Group U.S. Small and Mid Cap ETF
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PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
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JMEE
JPMorgan Market Expansion Enhanced Equity ETF
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TMSL
T. Rowe Price Small-Mid Cap ETF
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USVM
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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