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FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:70Neutral
Price Target:
$48.00
Positive Factors
Low Expense Ratio
The ETF has a very low expense ratio, making it cost-effective for investors compared to similar funds.
Sector Diversification
The fund is spread across multiple sectors, including Industrials, Financials, and Technology, reducing reliance on any single industry.
Strong Asset Growth
The ETF has a healthy level of assets under management, indicating investor confidence and stability.
Negative Factors
Over-Concentration in U.S. Market
Nearly all of the fund’s geographic exposure is in the U.S., limiting diversification across global markets.
Mixed Top Holdings Performance
While some top holdings have performed well, others have shown weaker year-to-date gains, potentially dragging on overall returns.
Small Real Estate Allocation
The ETF has limited exposure to Real Estate, which may reduce its ability to benefit from growth in this sector.
FSMD vs. SPDR S&P 500 ETF (SPY)
AUM1.81B
RegionNorth America
Expense Ratio0.16%
Beta0.92
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.38%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume156,705
30 Day Avg. Volume137,253
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
51.88Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering598
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FSMD Summary
The Fidelity Small-Mid Multifactor ETF (FSMD) is an investment fund that focuses on small to mid-sized companies in the U.S., offering exposure to a mix of growth and value stocks. It uses a strategy to select companies with strong potential, targeting industries like technology, healthcare, and financials. Some of its top holdings include Pure Storage and EMCOR Group. Investors might consider FSMD for diversification and the opportunity to invest in companies with room to grow. However, it’s important to note that small and mid-sized companies can be more volatile, meaning their stock prices may rise or fall quickly.
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
The Fidelity Small-Mid Multifactor ETF (FSMD) leans heavily into U.S. small and mid-sized companies, with a notable tilt toward industrials, financials, and technology. Ciena is a standout performer, riding strong financial results and bullish momentum, while Comfort Systems has also been rising steadily thanks to robust growth initiatives. On the other hand, Reddit Inc is lagging, weighed down by valuation concerns and operational challenges. With its sector diversification and focus on growth-oriented names, FSMD offers a dynamic mix, though its reliance on a few rising stars leaves room for volatility.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Anglogold Ashanti PLC | 0.67% | $12.17M | $40.07B | 233.15% | 69 Neutral | |
| Ciena | 0.59% | $10.77M | $27.04B | 185.20% | 70 Outperform | |
| Comfort Systems | 0.58% | $10.47M | $32.08B | 104.40% | 80 Outperform | |
| Pure Storage | 0.52% | $9.46M | $27.80B | 75.53% | 72 Outperform | |
| EMCOR Group | 0.50% | $9.02M | $27.75B | 24.26% | 74 Outperform | |
| United Therapeutics | 0.47% | $8.56M | $20.08B | 28.40% | 79 Outperform | |
| Flex | 0.45% | $8.17M | $22.18B | 61.26% | 74 Outperform | |
| Reddit Inc Class A | 0.42% | $7.66M | $36.63B | 54.92% | 72 Outperform | |
| Tapestry | 0.41% | $7.37M | $20.75B | 77.20% | 58 Neutral | |
| Curtiss-Wright | 0.39% | $7.12M | $20.34B | 53.92% | 78 Outperform |
FSMD Technical Analysis
Negative
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Price Trends
43.62
Negative
43.01
Negative
41.25
Positive
Market Momentum
-0.15
Positive
38.05
Neutral
26.78
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FSMD, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 43.39, equal to the 50-day MA of 43.62, and equal to the 200-day MA of 41.25, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 38.05 is Neutral, neither overbought nor oversold. The STOCH value of 26.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FSMD.
FSMD Peer Comparison
Comparison Results
Performance Comparison
FSMD
Fidelity Small-Mid Multifactor ETF
42.31
>-0.01
-0.02%
SDVY
First Trust SMID Cap Rising Dividend Achievers 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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SMIG
AAM Bahl & Gaynor Small/Mid Cap Income Growth 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.
Disclaimer
This 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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