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FSMD - ETF AI Analysis
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Fidelity Small-Mid Multifactor ETF (FSMD)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains over the year and in recent months, indicating positive momentum in its strategy.
Low Expense Ratio
The fund charges relatively low fees, which helps investors keep more of their returns over time.
Broad Sector Diversification
Holdings are spread across many sectors, which helps reduce the impact if any one industry struggles.
Negative Factors
Heavy U.S. Concentration
Almost all assets are invested in U.S. companies, offering little diversification across global markets.
Exposure to Underperforming Holdings
A few of the top positions have shown weak or negative performance this year, which can drag on overall returns.
Small- and Mid-Cap Volatility
Because the fund focuses on smaller and mid-sized companies, its share price may move up and down more sharply than large-cap funds.
FSMD vs. SPDR S&P 500 ETF (SPY)
AUM2.15B
RegionNorth America
Expense Ratio0.15%
Beta0.90
IssuerFidelity
Inception DateFeb 26, 2019
Dividend Yield1.3%
Asset ClassEquity
Index TrackedFidelity Small-Mid Multifactor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume141,946
30 Day Avg. Volume153,029
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
53.24Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering597
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FSMD Summary
FSMD is the Fidelity Small-Mid Multifactor ETF, which follows the Fidelity Small-Mid Multifactor Index and focuses on small and mid-sized U.S. companies across many sectors, like industrials, financials, and technology. It holds a wide mix of stocks, including names like Ciena and Reddit, giving investors exposure beyond the biggest, most well-known large-cap companies. Someone might invest in FSMD to seek long-term growth and diversification by owning many smaller companies that may have more room to expand. A key risk is that small and mid-sized stocks can be more volatile and can go up and down more 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’s story is all about U.S. small and mid-caps quietly pulling their weight across industrials, energy, and tech. Comfort Systems, EMCOR, and Curtiss-Wright are giving the fund a solid industrial backbone, with shares generally rising on strong earnings, even if valuations look a bit rich. TechnipFMC adds some energy-fueled momentum, while Ciena’s steady climb in tech helps on the growth side. On the softer side, United Therapeutics has been more mixed lately, keeping health care from fully joining the rally, but no single name dominates the show.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| SanDisk Corp | 1.12% | $23.60M | $86.90B | 1010.81% | 55 Neutral | |
| Anglogold Ashanti PLC | 0.72% | $15.21M | $54.98B | 255.42% | 73 Outperform | |
| Comfort Systems | 0.71% | $14.99M | $48.27B | 338.10% | 80 Outperform | |
| Ciena | 0.67% | $14.16M | $45.04B | 386.10% | 70 Outperform | |
| Lumentum Holdings | 0.65% | $13.65M | $45.75B | 1015.99% | 61 Neutral | |
| Coherent Corp | 0.61% | $12.76M | $47.31B | 301.72% | 66 Neutral | |
| Tapestry | 0.52% | $10.96M | $29.46B | 105.80% | 69 Neutral | |
| EMCOR Group | 0.51% | $10.82M | $32.03B | 99.13% | 73 Outperform | |
| TechnipFMC | 0.47% | $9.83M | $25.38B | 150.79% | 80 Outperform | |
| Casey's General | 0.46% | $9.68M | $24.63B | 74.11% | 68 Neutral |
FSMD Technical Analysis
Negative
―
Price Trends
46.18
Negative
44.94
Positive
43.56
Positive
Market Momentum
-0.22
Positive
38.18
Neutral
26.14
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 46.76, equal to the 50-day MA of 46.18, and equal to the 200-day MA of 43.56, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 38.18 is Neutral, neither overbought nor oversold. The STOCH value of 26.14 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
45.15
7.09
18.63%
PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
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―
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JMEE
JPMorgan Market Expansion Enhanced Equity ETF
―
―
―
CGMM
Capital Group U.S. Small and Mid Cap ETF
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―
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TMSL
T. Rowe Price Small-Mid Cap ETF
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―
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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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